LEGAL ISSUES OF VIETNAM’S LAND USE RIGHTS MARKET
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Abstract
The land market in Vietnam is known as the “land use rights market” because in Vietnam no one but the State has the right to own land (under the entire people's ownership of land regime). The basic cause of this policy is that Vietnam's political and economic institutions are built according to the socialist orientation. This makes the land use rights market in Vietnam quite complex and different from the land market in countries that recognize private ownership of land. The market for land use rights in Vietnam is divided into two levels and in which the State also participates as a supplier of goods in the primary market. The relationship in the primary market has many influences on the secondary land use rights transaction market between land users or with other entities. So, this article will point out the basic economic and legal issues for the land use rights market in Vietnam.
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