Consequences of the two-price system for land in the land and housing market in Ho Chi Minh City, Vietnam

Thu, Truong Thien; Perera, Ranjith

doi:10.1016/j.habitatint.2010.03.005

Cited by 34 publications

(19 citation statements)

References 6 publications

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“…While selling these long-leasehold rights over land has become a major source of income for Chinese cities, compensating for an unbalanced tax system that provides them with insufficient budgets, the land finance model also jeopardizes China's sustainable development because it encourages city governments to sell much more land than is needed (Zheng, Wang, & Cao, 2014). Similar problems seem to be found in Vietnam (Thien Thu & Perera, 2011), where cities lack a local tax base as well (McCluskey & Trinh, 2013) and proper value capture mechanisms to finance public infrastructure are missing.…”

Section: Vietnam Property Rights Regimementioning

confidence: 96%

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Collaborative development: Capturing the public value in private real estate development projects in Ho Chi Minh City, Vietnam

Nguyen

Krabben

Spencer

2017

Cities

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A B S T R A C TThis article addresses a relative gap in the literature on real estate development and property rights in transitional economies, particularly on the "shadow" role of private developers in urban management at the local level. The paper argues that the development of high-rise buildings in Vietnam resulted from the national privatization policy shift known as Doi Moi that gave landowners greater rights. These changes in land rights policy are important constitutive elements for institutional functionality of value capture via privatization of land, to become viable and effective. Further, the paper describes how private developers (foreign and domestic) take advantage of vague and indistinct city governance regarding privatization of land, while the property rights of the original users of the land are insufficiently protected. These issues are illuminated and analyzed through the use of three case studies of commercial projects in Ho Chi Minh City. We suggest a further institutionalization of privatization of land and value capture in Vietnam.

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Section: Vietnam Property Rights Regimementioning

confidence: 96%

“…Introduction of the first land laws with prime concept of ownership, resulting in widespread speculation and soaring prices (Thien Thu & Perera, 2011).…”

Section: Property Rights Evolutionmentioning

confidence: 99%

Collaborative development: Capturing the public value in private real estate development projects in Ho Chi Minh City, Vietnam

Nguyen

Krabben

Spencer

2017

Cities

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“…In their research, Fu and Gillespie (2014, p. 3) assert that land disputes in East Asia are a dilemma that results in serious consequences and "nowhere is this more evident than China and Vietnam". In Vietnam, projects with more than three years of delay in land acquisition are not unusual and some of them reached ten years of delay on major portions or were even totally abandoned (Bui, 2009;Thien Thu & Perera, 2011a).…”

Section: Protests Of Land-acquired Communities Leading To Delays In Lmentioning

confidence: 99%

“…Under the Land Law 1993, compensation prices were determined by Provincial People's Committees within the land price framework issued by the Central Government (The National Assembly, 1993). Land price framework is the decision in which the minimised and maximised prices for all types of land are regulated, not only for calculation of compensation price, but also for all landrelated actions between State and land users, such as calculation of land use tax, fees and rent for allocation (The National Assembly, 2003;Thien Thu & Perera, 2011a). Therefore, the compensation prices, which were determined within the land price framework, did not comply with the market land prices.…”

Section: Determination Of Compensation Prices For Compulsory Land Acqmentioning

confidence: 99%

“…As stipulated by this Land Law, each Provincial People's Committee (PPC) would determine compensation prices by modifying prices on a land price framework, which was issued each year by this agency, to make them comply with market prices (S. S. Han & Vu, 2008;The National Assembly, 2003;Thien Thu & Perera, 2011a). Because the prices in the land-price framework are always lower than those in the market, K-coefficient is issued by the decision of the People's Committee of cities or provinces to adjust them to reach equivalent levels to the market prices.…”

Section: Determination Of Compensation Prices For Compulsory Land Acqmentioning

confidence: 99%

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Equity issues in land acquisition: A source of delays in large construction projects in Vietnam

Vu¹

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Delays in construction projects have been a recurring and global problem for decades. In many countries, particularly developing countries, delays in land acquisition are considered one of the largest contributors of delays in large construction projects. In Vietnam, one key cause of these delays stems from equity perceptions of land-acquired communities who perceive themselves to be disadvantaged or let down by the land acquisition process. However, the formation of these equity perceptions has not been sufficiently investigated. Further, the relationship between equity issues on perceptions of land-acquired households and delays in construction projects has also not been clarified by existing literature that cannot help to adequately figure out solutions to these delays.Therefore, this research aims to investigate the formation of equity perceptions of land-acquired households and the relationship between equity issues and delays in construction projects. To implement this aim, a theoretical model is proposed that link between equity issues, comparisons, equity perceptions, and responses of landacquired communities causing delays in large construction projects in Vietnam.After that, the case study approach and semi-structured interviews of 40 landacquired households are conducted across two case studies, which are two large construction projects in Vietnam. Content and thematic analysis of the data collected was performed using Nvivo software to verify the four propositions issues and delays, which can help to address minimise delays in large construction projects. In addition, the principles of equity may be applied to project management to improve project performance, which in turn, will enable more successful project outcomes.

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COVID‐19 challenges and firm responses: Analysis of a city‐wide census in a developing country

Weber

Huynh

2022

Manage Decis Econ

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We use the unique data set of 16,300 firms' responses for the large‐scale census survey in an urban area at Ho Chi Minh City (Vietnam) to study how firms perceived their problems and responded to during the COVID‐19 pandemic. We provide estimates of 65 cross‐associations between a firm's challenges during the pandemic and their responses. We find several firm characteristics that suggest increased likelihood of pandemic response, including some, such as state ownership, which are typically associated with being slow to respond to market conditions. A theoretical model is posited that matches with the rapidly declared survey response.

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Consequences of the two-price system for land in the land and housing market in Ho Chi Minh City, Vietnam

Cited by 34 publications

References 6 publications

Collaborative development: Capturing the public value in private real estate development projects in Ho Chi Minh City, Vietnam

Collaborative development: Capturing the public value in private real estate development projects in Ho Chi Minh City, Vietnam

Equity issues in land acquisition: A source of delays in large construction projects in Vietnam

COVID‐19 challenges and firm responses: Analysis of a city‐wide census in a developing country

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