North versus South: The Impact of Social Norms in the Market Pricing of Private Property Rights in Vietnam

43 Pages Posted: 22 Sep 2010

See all articles by Annette M. Kim

Annette M. Kim

University of Southern California

Date Written: June 28, 2007

Abstract

Despite a centralized political system, country-wide legal reforms, and similar high housing demand pressures, property rights have evolved differently in Vietnam’s two leading cities, Hanoi and Ho Chi Minh City (HCMC), during the transition period. Using ethnographic fieldwork and a hedonic price model, the study shows that the two land and housing markets price tenure ambiguity differently. The different price structures indicate the importance of norms, as socially constructed by local political interests and culture, in the efficacy of land title regularization programs.

Keywords: Asia, Vietnam, property rights, housing market, social norms, land tenure

JEL Classification: D40, K11, K42, O17, P20, P30, P50, R21

Suggested Citation

Kim, Annette M., North versus South: The Impact of Social Norms in the Market Pricing of Private Property Rights in Vietnam (June 28, 2007). Available at SSRN: https://ssrn.com/abstract=1680750 or http://dx.doi.org/10.2139/ssrn.1680750

Annette M. Kim (Contact Author)

University of Southern California ( email )

650 Childs Way, MC 0626
Los Angeles, CA 90089
United States

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