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Paper eres2005_362:
Socialist Land Use Rights and Sustainable Land Development

id eres2005_362
authors Zhu, Jieming and Loo-Lee Sim
year 2005
title Socialist Land Use Rights and Sustainable Land Development
source Book of Abstracts: 2005 European Real Estate Society conference in association with the International Real Estate Society
summary In 1975, the Vietnam War ended with reunification of the North and South. After years of stagnation in economic growth, the Vietnam government announced a new policy "Doi Moi" in 1986, intending to move towards a market-oriented economy while maintaining socialism. In the middle of 1980s, Vietnam's economy was still predominantly agricultural. The 1980 Constitution stipulates that the land is owned by the people and the state functions as an entrusted administrator over national assets. Rights to use land are assigned to organizations and individuals, and the land use rights can be transferred, mortgaged and leased. With the land use rights, individuals and private developers start to exploit the opportunities created by the "Doi Moi". Majority of the new housing in the marketplace nowadays is developed by the private individuals. On the one hand, the bottom-up initiatives alleviate the pressure caused by housing shortages. On the other hand, it is questionable whether this market-driven housing development without effective planning controls is sustainable, in view of Vietnam being one of land scarcest countries in the world.
series ERES:conference
type normal paper
discussion No discussions. Post discussion ...
ratings
session Session G1
last changed 2008/11/01 09:47
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