Examining Opportunities and Challenges for Implementing Land-based Financing Instruments for Funding Climate Action: Ho Chi Minh City Case Study

Ho Chi Minh City, a dynamic megacity in Vietnam, stands at a critical juncture as it grapples with the escalating threats of climate change-induced flooding. With its low-elevation coastal location, rapid urbanization, and thriving economic sectors, the city faces a unique set of challenges and oppo...

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Autor principal: Goytia, Cynthia
Formato: Documento de trabajo
Lenguaje:Inglés
Publicado: Lincoln Institute of Land Policy 2025
Materias:
Cambio climático
Climate change
Desarrollo urbano
Urban development
Acceso en línea:https://repositorio.utdt.edu/handle/20.500.13098/13409
Aporte de:
Repositorio Digital Universidad Torcuato Di Tella de Universidad Torcuato Di Tella
id I57-R163-20.500.13098-13409
record_format dspace
spelling I57-R163-20.500.13098-134092025-12-18T12:10:08Z Examining Opportunities and Challenges for Implementing Land-based Financing Instruments for Funding Climate Action: Ho Chi Minh City Case Study Goytia, Cynthia Cambio climático Climate change Desarrollo urbano Urban development Ho Chi Minh City, a dynamic megacity in Vietnam, stands at a critical juncture as it grapples with the escalating threats of climate change-induced flooding. With its low-elevation coastal location, rapid urbanization, and thriving economic sectors, the city faces a unique set of challenges and opportunities in adapting to the new climate reality. The shift from state-driven to market-driven land and real estate development underlines a significant transformation in urban management and market orientation amidst pressing climate challenges. The research uncovers compelling evidence of flood risk capitalization in Ho Chi Minh City's property values, with affected areas experiencing significant price discounts. Interestingly, the market also exhibits a degree of resilience, with prices partially recovering in the aftermath of flood events. As the city navigates the transition from state-driven to market-driven land development, it is exploring a range of land-based financing tools, such as property taxation, betterment levies, and land value capture mechanisms, to fund much-needed adaptation investments. A key insight from this study is the crucial role of the private sector, particularly micro-businesses and small and medium-sized enterprises, in contributing to shared-cost adaptation initiatives. These enterprises, deeply embedded in the local economy, are not only highly vulnerable to flood disruptions but also demonstrate a willingness to engage in collaborative resilience-building efforts. By leveraging the power of land markets and fostering multi-stakeholder partnerships, Ho Chi Minh City can unlock new sources of adaptation finance and pave the way for a more sustainable and equitable urban future. Lincoln Institute of Land Policy 2025-05-30T21:35:40Z 2024-11 info:eu-repo/semantics/workingPaper https://repositorio.utdt.edu/handle/20.500.13098/13409 eng Lincoln Institute of Land Policy - Working Papers Ciudad Ho Chi Minh Vietnam info:eu-repo/semantics/openAccess http://rightsstatements.org/page/InC/1.0/?language=es 17 p. application/pdf application/pdf
institution Universidad Torcuato Di Tella
institution_str I-57
repository_str R-163
collection Repositorio Digital Universidad Torcuato Di Tella
language Inglés
orig_language_str_mv eng
topic Cambio climático
Climate change
Desarrollo urbano
Urban development
spellingShingle Cambio climático
Climate change
Desarrollo urbano
Urban development
Goytia, Cynthia
Examining Opportunities and Challenges for Implementing Land-based Financing Instruments for Funding Climate Action: Ho Chi Minh City Case Study
topic_facet Cambio climático
Climate change
Desarrollo urbano
Urban development
description Ho Chi Minh City, a dynamic megacity in Vietnam, stands at a critical juncture as it grapples with the escalating threats of climate change-induced flooding. With its low-elevation coastal location, rapid urbanization, and thriving economic sectors, the city faces a unique set of challenges and opportunities in adapting to the new climate reality. The shift from state-driven to market-driven land and real estate development underlines a significant transformation in urban management and market orientation amidst pressing climate challenges. The research uncovers compelling evidence of flood risk capitalization in Ho Chi Minh City's property values, with affected areas experiencing significant price discounts. Interestingly, the market also exhibits a degree of resilience, with prices partially recovering in the aftermath of flood events. As the city navigates the transition from state-driven to market-driven land development, it is exploring a range of land-based financing tools, such as property taxation, betterment levies, and land value capture mechanisms, to fund much-needed adaptation investments. A key insight from this study is the crucial role of the private sector, particularly micro-businesses and small and medium-sized enterprises, in contributing to shared-cost adaptation initiatives. These enterprises, deeply embedded in the local economy, are not only highly vulnerable to flood disruptions but also demonstrate a willingness to engage in collaborative resilience-building efforts. By leveraging the power of land markets and fostering multi-stakeholder partnerships, Ho Chi Minh City can unlock new sources of adaptation finance and pave the way for a more sustainable and equitable urban future.
format Documento de trabajo
author Goytia, Cynthia
author_facet Goytia, Cynthia
author_sort Goytia, Cynthia
title Examining Opportunities and Challenges for Implementing Land-based Financing Instruments for Funding Climate Action: Ho Chi Minh City Case Study
title_short Examining Opportunities and Challenges for Implementing Land-based Financing Instruments for Funding Climate Action: Ho Chi Minh City Case Study
title_full Examining Opportunities and Challenges for Implementing Land-based Financing Instruments for Funding Climate Action: Ho Chi Minh City Case Study
title_fullStr Examining Opportunities and Challenges for Implementing Land-based Financing Instruments for Funding Climate Action: Ho Chi Minh City Case Study
title_full_unstemmed Examining Opportunities and Challenges for Implementing Land-based Financing Instruments for Funding Climate Action: Ho Chi Minh City Case Study
title_sort examining opportunities and challenges for implementing land-based financing instruments for funding climate action: ho chi minh city case study
publisher Lincoln Institute of Land Policy
publishDate 2025
url https://repositorio.utdt.edu/handle/20.500.13098/13409
work_keys_str_mv AT goytiacynthia examiningopportunitiesandchallengesforimplementinglandbasedfinancinginstrumentsforfundingclimateactionhochiminhcitycasestudy
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