Property Tax Reform in Vietnam : A Work in Progress
In 2012, Vietnam will celebrate 25 years of economic reform and structural re-adjustment from a largely centralized, subsidized economy to one based on market principles. A major component of these reforms has involved establishing land and property rights, thereby giving individuals and organizations secure title to the property they occupy and use. The passing of various Land Laws has given legislative support to the concept of private property rights. This represents a significant ideological change, given that land in Vietnam has always been considered to belong to the State.