Applying Economic Theories to Build Land Bank Model and Evaluate Land Use Efficiency: A Case Study of Vinh Long, Vietnam

The paper explores core factors that positive influencing on land bank policy in Vinh Long, Viet Nam. Based on applying economic theories, it draws on hypotheses tested and a research model with explaining and analyzing the relationship between factors affecting land price, land bank and land use efficiency.

The quantitative research method used the measurement model and PLS-SEM structure to test hypotheses due to the relationship complication in the conceptual model. 216 valid respondents working in the land discipline in Vinh Long were surveyed for data analysis from 2020 to 2023.

The results show that only geographical variable positively affects land price, whereas economic and urban factors influence on both land price and land bank. When land price also positively impact on land bank and policy factors also positively moderated two relations between land price-land bank and land bank-land efficiency. The research demonstrates the connection between economic, urban, land price factors and land bank by the land managenment of governmental role. Through those relations, Land bank model would be employed to evaluate land use efficiency in Vinh Long. Taking advantage of the result, managers and governments need to adjust land use policy for economic promotion in Vinh Long, Vietnam.