1. ULVF and the Evolution of Urban Governance

Chương 1. Cơ sở khoa học của V-EOS

1.1. Từ quản trị Giá đất đến quản trị Trường Giá trị

1.2. Sự thay đổi của nội dung quản trị

1.3. Yêu cầu đối với hệ thống quản trị thế hệ mới

1.4. Sự hình thành của Value-based Urban Operating System (V-EOS)

1.1 From Land Price to Urban Land Value Field

For decades, urban land governance has been primarily based on land price. Government agencies establish land price frameworks, adjust official land price tables, assess taxes, determine compensation, and manage land markets using land price as the principal management variable.

Within this governance framework, land price serves as both the object of observation and the object of regulation.

This approach has provided an effective foundation for land administration and fiscal management. However, it treats land value primarily as a discrete economic indicator, observed at specific locations and specific points in time.

The introduction of the Urban Land Value Field (ULVF) fundamentally changes this perspective.

ULVF demonstrates that urban land value is not merely an isolated price attached to an individual parcel. Instead, it is a continuous spatial field that evolves through the interaction of accessibility, infrastructure, economic activity, environmental quality, public services, planning decisions, and numerous other urban processes.

Therefore, the object of governance is no longer limited to land price, but expands to the Urban Land Value Field itself.

Land Price⟹Urban Land Value Field\boxed{ Land\ Price \Longrightarrow Urban\ Land\ Value\ Field }Land Price⟹Urban Land Value Field​

This transformation does not simply introduce a new valuation method. It introduces a new scientific object for urban governance.

1.2 The Transformation of the Governance Object

The transition from land price to ULVF changes the focus of governance.

Traditional governance asks:

• What is the current land price?

• How should land be valued?

• How should taxes or compensation be calculated?

ULVF introduces a broader set of questions:

• How is urban value generated?

• How is value distributed across space?

• Which factors drive value evolution?

• How will urban value respond to planning or infrastructure investment?

• How can value evolution be guided toward sustainable urban development?

The governance object therefore shifts from price determination to value evolution.

Managing Prices⟹Managing Urban Value\boxed{ Managing\ Prices \Longrightarrow Managing\ Urban\ Value }Managing Prices⟹Managing Urban Value​

1.3 Implications for Urban Governance

Because the governance object changes, the governance system must also evolve.

A governance system designed to regulate land prices cannot fully address the dynamic behavior of an Urban Land Value Field.

Instead, urban governance must become capable of:

• observing the spatial structure of urban value;

• monitoring value evolution over time;

• evaluating the impacts of planning and investment decisions;

• predicting future value changes;

• supporting adaptive decision-making based on continuous evidence.

Consequently, ULVF does not replace the existing land administration system. Rather, it expands its scientific foundation by introducing urban value as the central object of governance.

This transformation creates the theoretical basis for a new generation of urban operating systems.

1.4 From ULVF to V-EOS

Once the governance object becomes the Urban Land Value Field, a new question naturally emerges:

How can the continuous evolution of Urban Land Value be observed, analyzed, predicted, and governed?

Answering this question requires more than a valuation model or a planning framework.

It requires an integrated operating system capable of continuously managing the evolution of urban value.

This necessity leads directly to the development of the Value-based Urban Operating System (V-EOS).

Urban Land Value Field⟹Value-based Urban Operating System\boxed{ Urban\ Land\ Value\ Field \Longrightarrow Value\text{-}based\ Urban\ Operating\ System }Urban Land Value Field⟹Value-based Urban Operating System​

In this sense, V-EOS is not an independent technological concept. It is the natural governance framework that emerges from the scientific foundations established by ULVF.