Factors that affect land values and the development of land value maps for strengthening policy making in Vietnam: The case study of non-agricultural land in Quang Ninh province, Vietnam

Abstract

This study is a part of the outcomes of Vietnam Academy of Science and Technology’s project on “Establishing the evaluation method and the process of transferring values of natural resources into the national account system in Vietnam (Climate Change code 14/16-20). The overall objectives of the study are: re-systemizing the classical and modern theories as well as identifying the factors affecting the land values in Vietnam; developing procedures and methods of mapping suitable land value areas in order to support the Government in policy making and regulating land use rights market in Vietnam. The results have classified three groups of factors that have impacts on land values in Vietnam. In particular, based on the successful test results in Quang Ninh Province, Vietnam, the research team discussed issues relating to land management institutions, issues of prices, land values in the context of applying the universal ownership regime to land and developing a socialist-oriented market economy in Vietnam. These results show that “the use of value theory and the development of land value maps helps the Government effectively manage and regulate land use rights market in Vietnam.