REAL-EASTE INVESTMENT PSYCHOLOGY AND SOLUTIONS TO IMPROVE MANAGEMENT EFFICIENCY FOR THE REAL-ESTATE MARKET IN VIET NAM

Main Article Content

NGUYEN VINH HUNG

Abstract

In Vietnam, the real-estate investors’ psychology always has an impact, affects greatly to the stability and development of the market. For a long time, the investors’ psychology contributes to the promotion or causes the growth stifle to the real-estate market. On the other hand, from real-estate business practice, the legal system on real estate business bears some limitations, in which contribute to the emergence of investment factors according to crowd psychology. Therefore, the article researches the psychology of real estate investment in Vietnam, thereby, proposing some solutions to improve management efficiency for the real-estate market.

Article Details

Section
Corporate / Business Law
Author Biography

NGUYEN VINH HUNG

NGUYEN VINH HUNG[1]

 

[1] Mr. Nguyen Vinh Hung is a lecturer at Vietnam National University, Hanoi, University of Law.  He got a doctor degree in law from Vietnam National University, Hanoi, School of Law and master degree in economics from Vietnam National University, Hanoi, University of Economics & Business.

References

D

AN TRI ELECTRONIC NEWSPAPER (2021). “The land "fever" broke out: There was a network of storks "striking prices up"”. Source: https://dantri.com.vn/bat-dong-san/cac-con-sot-dat-bung-len-co-mot-mang-luoi-co-moi-kich-gia-dung-dung-20210304083003625.htm , accessed: May 20, 2023.

DOAN HONG NHUNG and PHAM TUAN ANH (2018). “The law on restricting self-interest transactions in the transfer of land use rights in Vietnam”. Judicial Publisher, p. 7.

DOAN HONG NHUNG, NGUYEN VINH HUNG and KHUC THI TRANG NHUNG (2023). “Land use planning of industrial zones in Vietnam towards sustainable development and climate change response”. Lex Humana. Vol. 15 No. 2 (2023), ISSN 2175-0947, Publication date: May. 11, 2023, https://seer.ucp.br/seer/index.php/LexHumana/article/view/2598 , pp. 549.

LE HOC LAM and LE NGOC DUC (2010). “Business law”. Statistics Publisher, p. 219.

LE TAI TRIEN, NGUYEN VANG THO and NGUYEN TAN (1972). “Vietnam Commercial Law explains”. Saigon Kim Lai An Quan Publisher, Volume 1, p. 3.

MAI HAI DANG and NGUYEN VINH HUNG (2023). “Impacts of land policy and land law on socio-economic development in Vietnam”. Lex Humana. Vol. 15 No. 1 (2023), ISSN 2175-0947, Publication date: March. 02, 2023, https://seer.ucp.br/seer/index.php/LexHumana/article/view/2458 , p. 522.

NATIONAL ECONOMICS UNIVERSITY (2011). “Business Administration Textbook”. National Economics University Publisher, p. 27.

NATIONAL ASSEMBLY. “Land law 2013”.

NATIONAL ASSEMBLY. “Law on Real estate business 2016”.

NATIONAL ASSEMBLY. “Investment law 2020”.

NATIONAL ASSEMBLY ELECTRONIC NEWSPAPER (2022). “There should be regulations to prevent subdivision and the sale of plots from causing disturbances in the real estate market”. Source: https://quochoi.vn/hoatdongcuaquochoi/cackyhopquochoi/quochoikhoaXIII/Pages/danh-sach-ky-hop.aspx?ItemID=63138&CategoryId=0 , accessed: May 20, 2023.

NGUYEN TRI DINH and PHAM THI QUY (2007). “Economic history textbook”. National Economics University Publisher, p. 285.

NGUYEN MINH DOAN (2011). “Legal awareness”. National politics Publisher, p. 52 - 53.

NGUYEN VINH HUNG (2017). “From the commercial tradition to the orientation of the types of businesses involved in business in Vietnam”. Economic Management Journal, No. 83, p. 73, 74, 75.

NGUYEN VINH HUNG (2018). “Orientation of business models to develop the private economy in the period of international integration”. Journal of Economic Science, No. 06 (03), p. 92 - 93.

NGUYEN VINH HUNG (editor in 2021), “Civil affairs - Theory - Procedure - Commentary, monograph”. People's Police Publisher, p. 28.

NGUYEN VINH HUNG, TRAN CONG THINH and NGUYEN DANG DUY (2022_1). “Cooperative Group in current Vietnamese commercial environment”. International Journal of Professional Business review, Vol. 7 No. 6 (2022): Continuous publication, ISSN 2525-3654, Publication date: Issue-7-December-2022, DOI in https://doi.org/10.26668/businessreview/2022.v7i6.e509 , Available at: https://openaccessojs.com/JBReview/article/view/509/352 .

NGUYEN VINH HUNG, TRAN CONG THINH and DAO XUAN HOI (2022_2). “Shortcomings in the Legal System on Securities in Vietnam”. JURNAL CITA HUKUM FSH UIN Syarif Hidayatullah Jakarta, Indonesia, Vol. 10 No. 3 (2022), pp. 614 - 615, ISSN 2356-1440, eISSN 2502-230X, Publication date: December. 31, 2022, DOI in 10.15408/jch.v10i3.26449, Source: https://journal.uinjkt.ac.id/index.php/citahukum/issue/view/1522 .

NGUYEN VINH HUNG (2022_1). “Law on human company, monographs”. People's Police Publisher, p. 99.

NGUYEN VINH HUNG (editor 2022_2). “Civil cases - Procedures - Commentaries, monographs”. People's Police publisher, p. 423 - 442.

NGUYEN VINH HUNG (2023_1). “A Perspective from Civil Relations on the Transfer of Two-price

Real Estate”. Legislative Studies, No. 01 + 02/2023.

NGUYEN VINH HUNG (2023_2). “Land Valuation according to Market Price in the Bill of Law on Land

(amendment)”. Legislative Studies, No. 03/2023.

PHAM THE ANH (2007). “The guide to stock investing”. Youth Publisher, p. 100.

TIEN PHONG ELECTRONIC NEWSPAPER (2017). “"Dead" for buying real estate according to… rumors”. Source: http://m.tienphong.vn/dia-oc/chet-vi-mua-nha-dat-theo-tin-don-1158837.tpo , accessed: May 20, 2023.

VIETNAMNET ONLINE NEWSPAPER (2022). “High taxes on people who own a lot of real estate”. Source: https://vietnamnet.vn/danh-thue-cao-nguoi-so-huu-nhieu-bat-dong-san-2034922.html , accessed: May 20, 2023.

VNEXPRESS ELECTRONIC NEWSPAPER (2021). “Half a decade of virtual land fever and how to recognize it”. Source: https://vnexpress.net/nua-thap-ky-sot-dat-ao-va-cach-nhan-biet-4245059.html , accessed: May 20, 2023.