The Economic Impact of Land Use Rights in Rural Vietnam
NAVAL WAR COLLEGE NEWPORT RI JOINT MILITARY OPERATIONS DEPT
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Vietnam reformed its land use laws in 1993, which provided new forms of virtual-ownership called Land Use Rights that are documented with Land Use Certificates. For the first time under the current regime, land use rights could be used as loan collateral and property rights could be legally rented and inherited. When the Land Use Certificates were first issued in 1993, they were issued for a 20-year period, which is currently ending. The author analyzes the effects of the 1993 law and subsequent reforms on agricultural production levels and the economy reviews the current state of affairs with regard to land use reform effectiveness and recommends that Vietnam extend the reforms as a means to achieving additional tenure security, encouraging long-term investment, and increasing production capability.
- Agricultural Economics
- Economics and Cost Analysis
- Government and Political Science
- Sociology and Law