Proposal of the Land Valuation Process in Vietnam According to the Rules of the Market when the State Acquires Land
Keywords:
land price, land valuation, land acquisitionAbstract
When the State acquires land, the price of land use rights is valued by compensation, which is one of the essential bases for guaranteeing land users. Resolution No. 18/NQ-TW also clearly states that land valuation must have a method valued according to market principles. Regulations on valuing specific land prices in the 2013 Land Law, amended and supplemented in 2018, have also revealed limitations related to failing to ensure specialization, objectivity, fairness, participation in supervision, and access to information of people whose land is acquired. The article proposes to develop a land valuation process in Vietnam according to market principles when the State acquires land to ensure a balance of benefits for those whose land is acquired.
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