The government of Laos has identified the eradication of poverty as a priority. Given the primarily agricultural character of the country, it has selected land reform as a core policy to reach this goal. The policy has two major aims: to increase land tenure security in order to encourage farmer involvement in intensive farming, and to eliminate slash-and-burn agriculture to protect the environment in a country still rich in forest resources.

While Vietnam's reforms provided some of the weakest legal private property rights amongst the transitions countries, cities like Ho Chi Minh City have booming domestic real estate markets. Interestingly, while most properties in 2001 did not have legal title, those on the market did advertise a variety of property rights claims. Employing a hedonic price model to analyse the pattern of prices at which sellers offer properties in Ho Chi Minh City, this study examines how this market values property rights.

The process of decollectivization in Vietnam, leading up to the 1993 Land Law, ensured farming households the rights to market their own produce and to transfer, exchange, lease, inherit, and mortgage their land-use rights. These changes imply a reworking of relations between state, market, and household, but also within households. Although the allocation of agricultural land in northern Vietnam was relatively equitable, allocation by the state represents only one channel of entitlements to land.