PUBLIC OWNERSHIP OF LAND AND ITS IMPACT ON THE SOCIALIST-ORIENTED MARKET ECONOMY IN VIETNAM
PUBLIC OWNERSHIP OF LAND AND ITS IMPACT ON THE SOCIALIST-ORIENTED MARKET ECONOMY IN VIETNAM

Summary/Abstract: Vietnam established public ownership of land from the Constitution 1980 in the context of a centrally planned economy. After many changes to the Constitution, the public ownership of land is still maintained, even though the market economy has been officially recognized since the Constitution 1992. In Vietnam, only the State has the right to own land. Other entities only have land use rights through the State granting land use rights or acquiring land use rights by transaction with others. The State can compulsorily acquire the land of any subject to carry out its land planning by an administrative decision. Along with the centralized regime, where only one political party, the communist party, is allowed to operate and lead the country, public ownership of land in Vietnam is seen as a barrier to the development of the country and healthy market economy. Therefore, this article will clarify the nature and relationship between land ownership and Vietnam's market economy to have a more objective view on this issue.

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