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ARTICLE · 02 AUGUST 2023

Real Estate – Land – Issues And Solutions – VTV Interviewing Dr. Oliver Massmann

Duane Morris LLP
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In your opinion, what are the biggest problems in the current process for valuing land prices? [DMVN] The biggest problem is that the regulatory framework for valuing land prices is inconsistent.

VietnamReal Estate and Construction
Oliver Massmann
Oliver Massmann
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1/ In your opinion, what are the biggest problems in the current process for valuing land prices?

[DMVN] The biggest problem is that the regulatory framework for valuing land prices is inconsistent. The process of valuation may involve various subjective factors, leading to inconsistent and non-standardized valuations. The hierarchical system also leads to complicated legal procedures and inconsistent national cadastral maps. In addition, proper classification of land use is essential for accurate valuation, but land use regulations are inconsistent, which leads to uncertainties in valuation.

2/ The Government has just issued Official Dispatch 634 on removing difficulties in valuing land prices. The dispatch emphasises adjustment of land price list, specific land valuation and consultancy on land price determination. What do you think about this new Dispatch? Has the Dispatch been effective in removing current difficulties in land valuation?

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