VNUHCM Journal of Economics, Business and Law

Legal regulations on charity activities in China and some implications for VietNam laws

2023-10-11T20:27:54+07:00

Charity is an activity of mobilizing society’s resources for welfare and non-profit purposes. This is also an activity to show the spirit of solidarity and mutual love in accordance with the tradition of the VietNamese nation. However, charity is also a sensitive issue, creating conflicting opinions in society. Therefore, there is a need for a complete legal framework to regulate this issue. In China, philanthropy is also an activity in line with the traditions of the Chinese nation, but this activity is formal, professional, and charities are highly accountable, than VietNam. This is the result of the institutionalization and building of a complete legal framework for the Charity Act since 2016. This shows that China is one step ahead of VietNam in terms of legislative level in matter of charity. Besides, China is a country with a relatively close legal and cultural tradition to VietNam, so this is a good reference channel for VietNam's legislative issues. Within the scope of the article, the authors introduce the background of the 2016 China Charity Law, on the basis of which there is a comparison with the social context of VietNam today. At the same time, the authors analyze some main and outstanding contents of the 2016 China Charity Law to show the perfection of the legal regulations in this country, besides the authors introduce, analyse the current provisions of VietNamese law on charity and calling out some policy implications for VietNamese law. The authors introduce the background of the 2016 Chinese Charity Law, on the basis of which there is a comparison with the social context of VietNam today. At the same time, the authors analyse some main and outstanding contents of the 2016 China Charity Law to show the perfection of the legal regulations in this country, besides the authors introduce, analyse the current provisions of VietNamese law on charity and calling out some policy implications for VietNamese law. The authors introduce the background of the 2016 Chinese Charity Law, on the basis of which there is a comparison with the social context of VietNam today. At the same time, the authors analyze some main and outstanding contents of the 2016 China Charity Law to show the perfection of the legal regulations in this country, besides the authors introduce, analyse the current provisions of VietNamese law on charity and calling out some policy implications for VietNamese law.

Agricultural human resources development in the Mekong Delta to meet the requirements of transformation and adaptation to climate change

2023-10-11T20:35:57+07:00

This study aims to identify the requirements for agricultural human resources to meet the requirements of transformation and adaptation to climate change in the Mekong Delta. The main methods used in this paper are literature review and statistical analysis, based on secondary data of the General Statistics Office for the period 2011 – 2021. The results show that agricultural production in the Mekong Delta has been severely affected by the negative impacts of climate change. In response to this situation, the government and people of the Mekong Delta have made changes in agricultural production to adapt to climate change. From the current situation of the agricultural sector transformation, it is evident that the Mekong Delta agricultural sector needs new production technologies that can provide both high productivity and better adaptation to climate change. Therefore, it is required that agricultural human resources can develop modern agricultural production technologies suitable for climate change, while at the same time can effectively implement these technologies. However, the technical expertise level of agricultural human resources is currently low and has not met the requirements of the transformation in agricultural production. Based on the theoretical foundation and practical requirements for agricultural human resources, this study proposes some solutions for education and training to develop agricultural human resources in the Mekong Delta to adapt to climate change in the coming period.

Study factors affecting brand loyalty of customer in distributor in ho chi minh city – the role of moderating variable commitment from relationships

2023-10-11T21:05:51+07:00

The objective of the study is to determine the factors affecting customer satisfaction with the brand in the case of outsourcing enterprises, and at the same time evaluate the role and impact of the moderating variable "Commitment from the relationship". Based on qualitative research including expert discussion, group discussion, research model and research hypotheses are proposed. The quantitative study used SPSS and AMOS software version 22.0 to analyze descriptive statistics, check scales, analyze EFA, test CFA, test models. Through a survey of customers with an estimated 500 other customers who have been working and cooperating with outsourced businesses in Ho Chi Minh City, after correcting the removal of invalid survey votes from the data of 421 customers participating in the survey, 357 survey votes have appropriate results. The study uses a data set with a sample size of 357 analysis progress samples. Research results show that there are 6 factors affecting brand loyalty to outsourced businesses. In which, there are 3 factors that directly affect customer satisfaction and convert into brand loyalty in decreasing order as follows: (1) Service quality, (2) Brand reputation, (3) Social responsibility, and factor (4) Price of products and services has the opposite effect. Mediators (5) Customer Satisfaction and Regulatory Variables (6) Commitment from relationships plays a role in transforming customer satisfaction into brand loyalty.

The impact of trade payables on cash holdings: The moderating role of financial development

2023-10-11T21:45:32+07:00

Cash is one important source of financing for corporate operations, and studies have shown that firms keep cash for several important reasons. Nonetheless, it is costly to maintain it at high levels, because firms are likely to forgo productive investment opportunities that could enhance firm value. Meanwhile, trade payables are the funding provided by suppliers for a short period and usually be regarded as one of the most critical sources of external financing. In the sense that cash is expensive to retain inside a firm, there could be a substitution effect between cash and trade payables. The study of the linkage between the two factors should be highly relevant in the context of a developing market, where information asymmetry and inadequate institutional quality make it challenging for firms to have access to external financing provided by the financial market. Using a sample of listed non-financial firms in Vietnam, this study investigates the relationship between trade credit and cash holdings, with the consideration of the moderating effect of financial development. The empirical finding suggests that payables are negatively related to cash holdings levels, confirming the potential substitution effect between the two sources. Therefore, the finding suggests that firms make use of the funding provided by their trading partners to disgorge cash for other purposes. We further expect that financial development might help to alleviate the constraints implied by the substitution effect between the two factors. However, we find that financial development does not play a role of altering this negative relationship between the two factors. The findings remain unchanged to a number of robustness check strategies. Based on the findings, this study offers several implications to relevant stakeholders.

Political affiliate clustering with machine learning in Vietnam stock exchange

2023-10-11T22:01:01+07:00

This paper focuses on employing machine learning techniques to cluster politically affiliated groups. The study utilizes a sample of enterprises listed on the stock exchanges of Ho Chi Minh City and Hanoi, analyzing research data spanning the period from 2015 to 2020. The dataset comprises various variables, including the state ownership ratio, the level of political connections among business leaders, and financial indicators derived from the listed financial statements of these enterprises. In this study, the author measures political connections using the K-means algorithm and compares the results of the K-means clustering with the traditional manual method of assessing political connections, which involves assigning values of either 0 or 1. A value of 0 indicates no political affiliation, while a value of 1 represents political affiliation. Additionally, the author conducts three cluster analyses to gain deeper insights into the data. The findings of this research conclude that machine learning clustering using the K-means model holds promise in effectively identifying firms with political connections compared to the traditional manual approach. It is observed that politically connected businesses listed on the stock exchanges of Ho Chi Minh City and Hanoi reap numerous benefits in terms of investment activities, resource accessibility, and capital. However, the study also acknowledges the negative impact that such political affiliations can have on firm performance. Based on the results, the authors recommend maintaining a moderate degree of political affiliation, as this approach may assist firms in achieving better overall performance. By striking the right balance, companies can leverage the advantages of political connections while minimizing any adverse effects on their operations. In conclusion, this study highlights the potential of machine learning clustering, specifically utilizing the K-means algorithm, to effectively identify politically affiliated groups among enterprises listed on the stock exchanges of Ho Chi Minh City and Hanoi. The research emphasizes the benefits of political connections for businesses but also underscores the need for careful management to optimize performance outcomes.

Impact of uncertainty and other factors on bank liquidity risk in Vietnam

2023-10-11T22:04:22+07:00

This paper examines the impact of uncertainty on bank funding liquidity risk (FLR). Based on 31 Vietnamese commercial banks from 2007 to 2019 through two step SGMM estimator and the least squares dummy variable corrected (LSDVC) technique, the study shows evidence that micro uncertainty in the banking sector which is captured by the cross-sectional dispersion of shocks to assets (UncAsset), short-term funding (UncFund) and bank profitability (UncProfit) leads to higher funding liquidity risk, as proxied by lower deposit ratios. Additional analyses reveal that this nexus widely depends on bank heteroge- neity. More precisely, various bank-specific levels that improve banks’ financial strength (i.e., an increase in bank return, loan quality, capitalization, liquid assets, and bank size) tend to mitigate the adverse impact of uncertainty on bank funding liquidity risk. In addition, macro variables are included in the model such as the refinancing rate of the State Bank of Vietnam. Economic cycles reflecting annual GDP changes also contribute to clarify the impact of banking uncertainty on funding liquidity risk. Finally, the study's findings not only demonstrate the robustness for different regression, but also remain unchanged when different bank-level variables are combined used to assess the impact of uncertainty on funding liquidity risk.

Impact of foreign direct investment on economic growth in Vietnam

2023-10-15T04:41:39+07:00

This study was conducted to determine the impact of foreign direct investment on economic growth in Vietnam. The dataset used in this study was collected from the Statistical Yearbook of the General Statistics Office of Vietnam (GSO, 2014, 2017, 2019). Data is taken from 63 provinces/cities in Vietnam in the period from 2010 to 2019 to examine the impact of FDI on growth in the last 10 years. The study uses quantitative research methods to assess the impact of factors on economic growth. Research results show that the variable FDI has a positive impact on economic growth in the short and long run. In the three economic sectors considered, FDI has a positive impact on the state sector and the foreign invested sector in the short and long term. In the non-state sector, FDI only has a positive effect in the short term, but no long-term effect is found in this sector. Besides, the export variable and the 1-year lagged variable of the dependent variable have the effect of increasing the economic growth, especially export is the factor that has the strongest influence on growth. Lower inflation will cause economic growth to increase. In addition, the human capital variable does not affect economic growth in general, but when considering each sector human capital has both positive and negative effects on economic growth.

The impact of FDI and trade openness on income inequality in the ASEAN region

2023-10-15T05:23:10+07:00

The study examines the impact of FDI and trade openness on income inequality in the ASEAN region through instrumental variables and two-stage least squares for panel-data models. The study is based on panel data from Word Bank, SWIID and UNCTAD of 9 ASEAN countries from 1990 to 2020. The model includes six macro control variables: financial development, GDP per capita, education, control of corruption, inflation and unemployment. The result shows FDI has a positive relationship with income inequality. Meanwhile, the group of variables of trade openness has various impacts on income inequality, such as the variable international trade in goods and imports from middle- and low-income countries have the opposite effect. In contrast, the variable exports to low- and middle-income countries and imports from high-income countries have a positive effect on the dependent variable, especially the variable exports to high-income countries are not statistically significant. The variables education, financial development, GDP per capita and inflation have negative effects on inequality, and unemployment and corruption control variables are not significant due to the individual characteristics of the sample. From there, policy implications that reduce income inequality through FDI, trade openness and other factors in the region are suggested.

Relationship between organization commitment and quality of accounting information in information system: The moderating role of software type

2023-10-15T05:24:52+07:00

The aims of the paper are to investigate the impact of organizational commitment on the quality of accounting information in Vietnamese enterprises through the quality of information system. Information system is a very important system in enterprises, playing a role in collecting, processing and providing information to administrators to perform administrative functions and support the decision-making process, in which accounting information is considered one of the most important information of the business. Therefore, studying about the quality of accounting information has always been a necessary and meaningful topic both in academia and practice. This study was conducted with samples of 220 subjects, working in different positions in the enterprise, including accountants and employees in other parts of the business. Research data was collected through questionnaire survey (from April 2022 to July 2022), then used for descriptive statistical analysis and hypothesis testing. The research results show that there is an impact of the organizational commitment factor on information system (IS) quality and the IS quality has an impact on the accounting information (AI) quality. In addition, the research results also show that there is a moderating effect of software type on the relationship between information system quality and accounting information quality.

Factors affect the intention to buy products of the one commune one product program (OCOP) in Ho Chi Minh City

2023-10-15T06:54:50+07:00

The model program “One Commune, One Product” (OCOP) in Vietnam was started in 2006 and officially implemented in 2018. ST24 rice of Soc Trang province, Luc Ngan lychee of Bac Giang province, Hao Dat tea of Thai Nguyen province, or many other products have been becoming more popular with OCOP certification. The achievements from the program have contributed to creating jobs, and developing the rural economy while preserving the material and spiritual values in the local culture. From the perspective of business entities, the current challenge is how to sell goods, how to capture the tastes of consumers, and determine what factors affect the intention to buy products. OCOP. The authors conducted the research on the purpose of predicting the impact of factors on the intention to purchase OCOP products to consumers in Ho Chi Minh City. Using the Multiple Linear Regression method on the data set of 188 respondents. The theory of planned behaviour is the main framework across research and development along with The Norm Activation model. The results show that Subjective Norm (1), Perceived Behavioural Control (2), Attitude (3) and Moral Norm (4) have a positive impact on the intention to purchase OCOP products of consumers in Ho Chi Minh City. The conclusions also suggest solutions for OCOP product business owners to promote consumption.

What do we know about the capital structure choice of large firms – the case of Viet Nam?

2023-10-15T07:36:19+07:00

In most countries, enterprises play a significant role in contributing to production, investment, job creation, and output. Enterprises are also the leading bird in applying science and technology, improving labor productivity, and implementing digital transformation in the context of the industrial revolution 4.0. Therefore, countries always want to create a favorable business environment, reduce transaction costs and market access costs, improve capital markets, and improve the quality of human resources to develop businesses and then make more contributions to socio-economic development. In particular, the financial market needs adjustments to improve the ability to provide and transfer capital to businesses at optimal costs, helping businesses achieve business efficiency. Using a sample size of 30 enterprises in Vietnam's stock market in the period 2011 to 2021, at the same time, using the panel-corrected standard error (PCSE) method to handle the defects in the estimated model and the phenomenon of cross-dependence between enterprises on the stock market, the research results confirmed that large-scale enterprises often have many advantages in accessing external loans to finance their investment projects. However, larger firm size is consistent with slower access to loans. On the contrary, small-scale enterprises often have high risks and are difficult to access bank loans, so small-scale enterprises should prioritize using their own capital to finance their investment projects. In addition, the study also affirmed that corporate profitability, board of directors’ size, board of directors’ meeting frequency, and foreign participation in the board of directors often orient enterprises to increase funding by equity as well as limited loan capital. The study also found no effect of sales growth on capital structure choice.

The influence of perceived destination social responsibility on residents’ pro-tourism behaviors: A study in Da Lat

2023-10-15T07:37:49+07:00

Based on the SOR (Stimulus – Organism – Response) framework, this study proposes a model on the influence of perceived destination social responsibility on residents’ pro-tourism behaviors in Dalat City. The study was conducted based on survey data from 357 residents in Dalat, and structural equation modeling (SEM) was utilized to test the proposed relationships among variables in the model. The findings indicate that perceived destination social responsibility positively impacts residents’ pro-tourism behaviors through two mediators: destination preference and destination attachment. In which perceived destination social responsibility has a positive and direct impact on destination attachment and destination preference. Both destination attachment and destination preference have positive and direct influences on residents’ pro-tourism behaviors. In addition, the analysis results show that destination social responsibility does not have a direct influence on residents’ pro-tourism behaviors but only has an indirect influence through two mediators (i.e., destination attachment and destination preference). This study contributes to both theory and practice with regard to destination social responsibility.

The traditional theory application in recognition of ownership to virtual assets

2023-10-15T08:13:48+07:00

The significant advances of the Internet have made cyberspace develop similarly to physical space. Although the architecture of cyberspace has an automated function, there still exists a need for state management in some cases, especially with the advent and increasing popularity of virtual asset classes. Virtual assets have the characteristics of a regular asset class, such as competition, persistence, and interconnectedness. Treating virtual items the same way as real-world assets would be logical, which This means that virtual assets can also be considered for ownership. However, traditional theories face many difficulties when applied to the virtual world in solving the problem of recording ownership of virtual assets. The article analyzes the content of popular approaches used as the basis for claiming ownership of virtual assets, including John Locke's labor value theory, Hegel's personality theory, and Bentham's pragmatism. At the same time, the article also points out the limitations and unconvincing results of applying these traditional theories to recording ownership of virtual assets. The virtual world is not the natural world for the mere application of John Locke's labor philosophy. Applying Hegel's personality theory leads to other complex operations, including identifying virtual assets. Recognizing ownership of virtual assets does not necessarily create optimal value for Bentham's pragmatist society. Therefore, recognizing ownership rights for virtual assets needs further research on the rationale.

The role of corporate social responsibility and company reputation toward production re-linking intention between farmers and enterprises

2023-10-15T08:42:44+07:00

This study aims to explore the relationship between corporate social responsibility and corporate reputation affecting satisfaction as well as the intention to re-contract and positive word of mouth of farmers in linking production with enterprises in the agricultural sector in Vietnam. The study was carried out by using quantitative method with SEM technique to test the relationships in the research model. The survey resulted in 224 samples obtained from the survey subjects, who are farmers contracting with enterprises. The analysis result shows that all three factors of Corporate Social Responsibility, Reputation, and Satisfaction have positive impact on the reintegration intentions of farmers. Besides, affirming the need to improve farmers' satisfaction is an important mediator leading to their behavioral intentions. This plays a vital role in helping business managers focus more on their responsibilities to the community, society and stakeholders, contributing to strengthening the reputation of the business, creating a competitive advantage against competitors in the same industry, thereby opening up opportunities for businesses and farmers to join hands to build and develop a sustainable and stable agriculture in the future.

The impact of brand equity drivers on brand resonance in the hospitality industry

2023-10-15T15:39:09+07:00

Brand equity refers to the marketing and consequential effects that make up a good or service with its brand. The purpose of branding programs is to achieve customer resonance with the brand. From there, the brand has a market of loyal and engaged customers, which the source of increasing brand equity. An empirical study has been carried out with the application of a model showing the influence levels of the factors that drove brand equity on brand resonance in the hospitality industry. Through a survey with quantitative data processing using SPSS and AMOS software, the author has tested the measurement and theoretical models. The research results show that the measurement model is confirmed to be valid and has high measurement reliability. In addition, testing the research model by Structural Equation Modeling (SEM) also confirms that the factors that drove the value of brand equity including Brand image, Perceived value, Brand superiority, and Brand fillings all have positive direct and indirect effects on brand resonance. In which, Perceived value has the strongest general effect on brand resonance – an important discovery in the hospitality industry. This suggests that hotel managers should focus on creating the best perceived value for their customers.

Impact of corporate social responsibility and risk management capabilities on sustainable operation performance: the moderating role digital transformation

2023-10-15T15:57:49+07:00

On the underpinning theory of the Resource Based Theory (RBT), this research examines the impact of corporate social responsibility and risk management capabilities on sustainable operation performance with the moderating role of digital transformation. The questionnaire in this study includes 29 items, and a random sampling technique was employed. The data was collected from 439 leaders and management-level employees working at manufacturing enterprises in Ho Chi Minh City. The collected data were analyzed using Partial least squares structural equation modeling (PLS-SEM) to validate the data and check the assumed relationships. The results showed that corporate social responsibility has a strong positive impact on the sustainable operation performance, followed by the risk management capabilities, which has the second strong positive impact on the sustainable operation performance. The results also show that digital transformation has both the third strongest impact on sustainable operation performance and also plays a regulatory role in increasing the level of positive impact of the above relationships. Based on the findings, several implications are suggested to help managers of manufacturing enterprises consider the regulatory role of digital transformation when implementing corporate social responsibility and managing risks, and henceforth, contributes to sustainable operation performance.

The role of organizational culture and organizational strategy on organizational performance and competitive advantage: Evidence of Vietnamese corporations

2023-10-15T16:28:23+07:00

Based on the resource-based view, this study aims to examine the impact of organizational culture and organizational strategy on organizational performance and competitive advantage of enterprises, besides assessing the mediating role of organizational performance. The study was conducted with a sample size of 168 respondents working in different positions within the businesses, including staff, middle management, and senior management. Research data was collected through a questionnaire survey (from August to December 2022), and then was analyzed using descriptive statistical analysis and hypothesis testing with Smart PLS 4 software. The research findings show that: (1) there is an impact of organizational culture factors and organizational strategy on operational performance; (2) organizational strategy and organizational performance have a positive effect on competitive advantage. In addition, the finding also shows that there is a mediating impact of organizational performance on two relationships: (1) between organizational culture and competitive advantage, (2) between organizational strategy and competitive advantage. The research results suggest a few points for managers to consider in building their organization’s own values to achieve the desired organizational performance and, at the same time, create competitive advantages to differentiate from other organizations.

The invention in agriculture - Solutions for sustainable agriculture development

2023-10-11T20:22:02+07:00

In this article, the authors analyze the laws and policies of China and Israel regarding inventions in the agricultural sector, as well as the situation of sustainable agricultural development in Vietnam. Based on that, suggestions for Vietnam's experience in the process of perfecting legal regulations, the process of establishing intellectual property rights for inventions and setting forth policies for technology development in the agricultural sector are proposed. The Covid-19 pandemic has had a negative impact on all aspects of socio-economic life. In that context, the agricultural sector has had solutions to tackle and affirmed its role as the "supporting platform" of Vietnam's economy, as well as ensures jobs and social welfare for the working force. Sustainable agricultural development is an essential goal for Vietnam, in which it is necessary to quickly apply science and technology to the agricultural production process. In order to do this, the very important role of invention cannot be ignored. Indeed, countries in the world with developed agriculture have applied technologies to the production process to resolve natural problems such as drought, saltwater intrusion, as well as post-harvest technologies to increase productivity and value of agricultural products in a sustainable way. Therefore, completing changes in the procedures for establishing intellectual property rights for inventions and policies to encourage the development of inventions in agriculture will help Vietnam actualize the sustainable agricultural development.

Comprehensive growth of Vietnam after joining WTO

2023-10-11T21:16:51+07:00

The article is based on secondary data collected from sectors and agencies in the period 2006-2021, and based on the socioeconomic context and growth characteristics of Vietnam to evaluate the comprehensive growth situation of the country. Research results show that Vietnam has achieved remarkable comprehensive growth since its joining the WTO. Specifically, through indicators such as GDP scale, GDP per capita increasing day by day, increasing access to basic infrastructure facilities and services, more opportunities for people to socialize to ensure close equality with economic opportunities through education, health care, health care, stable jobs with increasing wages, people's living standards are increasingly improved through increased income levels and access to basic services such as electricity and clean water. In addition, gender equality and social security work are increasingly being actively promoted by the Government and society. However, besides the already achieved results, comprehensive growth in Vietnam still has certain limitations, in particular gender inequality, income inequality, persisting underemployment, unsustainable poverty reduction work, high income disparity among population groups and between regions, there is still a shortage of jobs and limited resources to implement social security. Therefore, people are not really happy and fair.

Inadequacies in the implementation of the law on tax administration for enterprise’s related-party transactions

2023-10-15T14:58:58+07:00

Related-party transactions are transactions arising between parties having related-party relationship during their production and business processes. Although related-party transactions are legal themselves, they may create conflicts of interest or lead to other illegal situations, so regulatory agencies often scrutinize them carefully. Tax administration for enterprise’s related-party transactions should be stricter than those of enterprises that only have independent transactions, as the implementation of related transactions has the ability to transfer revenues and profits for the purpose of reducing corporation income tax obligation. Within this article, the author focuses on discussing the provisions of law and the inadequacies in practising law enforcement on tax administration for enterprises having related-party transactions based on the analysis of point d, clause 2, Article 5 of Decree No. 132/2020/NĐ-CP (hereinafter referred to as “Decree 132”). Accordingly, the main inadequacies are examined in the identification of the related-party in the loan transaction between the borrowing enterprise and the credit institution, and in the Identification of the related-party when the borrowing enterprise does not”have medium and long-term debts. Corresponding to each inadequacy are the main solutions, including excluding the related-party relationship when the lending enterprise is an independent credit institution from the borrowing enterprise, adjusting the ratio of loan capital to equity ownership and other related solutions.

Issues of stock price manipulation and solutions for Vietnam's stock market

2023-10-15T16:03:53+07:00

Stock price manipulation is a widespread issue globally, but it becomes particularly acute in emerging markets due to severe information asymmetry. This harmful practice has significant adverse effects on society, the economy, and investors, driven primarily by the pursuit of economic gain. Stocks of small companies with limited liquidity and transparency are particularly vulnerable to manipulation. Although institutional investors may engage in stock price manipulation at times, they also have the potential to enhance transparency and reduce such activities in the market. To identify instances of manipulation, economists have developed advanced models utilizing machine learning, artificial neural networks, support vector machines, and decision trees. In light of previous studies, the author proposes several solutions to curb stock price manipulation in Vietnam. These include raising awareness among investors, providing professional ethics training for employees in the financial industry and government, enhancing market transparency and integration, strengthening supervision, and imposing strict sanctions on individuals and organizations violating securities regulations.

The status of current regulations on land users and comments to the draft amending land law

2023-10-15T16:53:21+07:00

The subject of land use (or land user) is the most important type of subject of land legal relations. Although land users do not have the right to own land, these subjects directly perform the act of exploiting and using land, which greatly affects the effectiveness of land coordination activities. In addition, because land is an indispensable element for all areas of social life, the subject of land use is also the subject of other legal relations, such as civil law, economic law, housing law… However, the current land law provisions and the revised Draft Land Law still have several limitations and inadequacies, especially the type of land user and the legal status of these subjects, making the regulation of land law lack of synchronization compared to other fields while the enforcement of the law faces many difficulties and obstacles. This not only affects people's property rights, but also makes the use of land for production and business investment less favorable than expected. For the purpose of contributing ideas for the completion of the revised Draft Land Law (Draft) in particular and the land law in general, this article will analyze the limitations and inadequacies of the current Land Law and the Draft on this issue to provide a complete solution.