Traditionally, the founding date of Vladimir has been acknowledged as 1108, as the first mention of Vladimir in the Primary Chronicle appears under that year. This view attributes the founding of the city, and its name, to Vladimir Monomakh, who inherited the region as part of the Rostov-Suzdal Principality in 1093. It is named there as Volodymyr. Being established long after the city of Vladimir in Volhynia, initially it was named Vladimir-on-Klyazma. In 1958, the 850th anniversary of the city foundation was celebrated, with many monuments from the celebrations adorning the city.
Max Vasmer in his Etymological Dictionary of Russian Language explains the name as meaning "regal".
Folk etymology interprets the meaning as "person of the people" or "the one with peace on one side". This confusion is introduced by other meanings of the Slavic word "Mir" or "Myr" – peace, people/community, and the world. There was no ambiguity prior to reforms of Russian orthography in 1918. The spelling of the two words was миръ (peace) and мiръ (the Universe), and the name was spelled the third way, Владимѣръ, of Gothic -mērs (great), meaning "Great in His Power" (compare: Theodemir, Valamir). but Russian speakers understood and understand the meaning as "Peace Owner" or "World Ruler".