Illustrative image. (Photo: VNA) Hanoi (VNA) – Japan shared its experience in landpricing and land appraisal to authority of Vietnam during a workshop in Hanoion June 8.
The event was co-organised by the General Department ofLand Administration (GDLA) at the Ministry of Natural Resource and Environment,Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) and theJapan Association of Real Estate Appraisers (JAREA) to help Vietnam improveland-related policies and land management capacity.
Speaking at the workshop, GDLA Deputy Director Dao TrungChinh said shortcomings have remained to hinder the government’s efforts inland administration, such as land appraisal methods unsuitable to reality andlack of transparent information in land prices as well as a database for realestate market prices.
Meanwhile, state appraisers’ limited capability have alsoaffected credibility of land valuation and make it longer, he added.
Chinh noted that the event is important to Vietnam as itprovided the country an opportunity to learn from Japan’s practices in thematter.
During the event, Japanese speakers gave attendees anoverview of the country’s systems for land valuation and land priceannouncement, and land appraisal to evaluate fixed property taxes.-VNA
VNA
