National standards for real estate brokers to be established

The Vietnam Association of Real Estate Brokers (VARS) has officially announced the launch of a scientific research project titled Vietnam Real Estate Broker Professional Standards (VREB).

This project will be spearheaded by the Vietnam Institute of Real Estate Market Research & Valuation, with professional endorsement from the Ministry of Construction.

According to VARS, this is the first project in Vietnam to establish a competency framework for real estate brokers, aiming to create a national standard that will contribute to professionalizing the occupation and increasing market transparency.

Mr. Nguyen Van Dinh, Chairman of VARS, noted that while real estate brokerage has become an indispensable bridge between businesses, investors, and customers, it still lacks a unified system for assessing competency.

"Current practice certificates primarily assess legal knowledge and do not fully reflect practical competency, consulting skills, and professional ethics. The VREB Standards will be a comprehensive measure, helping the real estate brokerage profession in Vietnam develop professionally and sustainably," he said.

The project is being developed based on international standard models (Singapore, South Korea, USA, Australia, etc.), combined with practical surveys of hundreds of domestic enterprises, real estate exchanges, and individual practitioners. The VREB Standards are designed as a comprehensive competency framework, simultaneously reflecting knowledge, skills, ethics, practical abilities, and legal compliance. It will also be capable of measuring, evaluating, and classifying the professional competency of individuals and organizations.

The project will be implemented over six months (from October 2025 to March 2026) in 10 phases, including surveys, critiques, piloting, and acceptance.

From November 2025, VARS will open a public feedback portal for businesses, real estate exchanges, individual practitioners, and experts nationwide to review, critique, and contribute opinions to the draft standards.