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Property Tax Reform in Vietnam: A Work in Progress

Author

Listed:
  • Hong-Loan Trinh

    (HEC Montreal)

  • William J. McCluskey

    (University of Ulster)

Abstract

In 2012, Vietnam will celebrate 25 years of economic reform and structural readjustment 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. In conjunction with these changes, focus has shifted to reforming the real property tax from a tax largely based on rice productivity to one based on ad valorem principles. This paper reviews existing property-based taxes, highlighting their weaknesses and outlining the potential for a land tax to effectively replace the current property tax.

Suggested Citation

  • Hong-Loan Trinh & William J. McCluskey, 2012. "Property Tax Reform in Vietnam: A Work in Progress," IMFG Papers 08, University of Toronto, Institute on Municipal Finance and Governance.
  • Handle: RePEc:mfg:wpaper:08
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    File URL: https://tspace.library.utoronto.ca/bitstream/1807/81271/1/imfg_no_8_trinh_mccluskey_2012-03-12.pdf
    File Function: First version, 2012
    Download Restriction: no

    More about this item

    Keywords

    Vietnam; land ownership; land tax; property taxes; property tax reform; area-based taxation;

    JEL classification:

    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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