What is the deadline for issuing certificate of completion of continuing professional development in valuation in Vietnam from July 1, 2024?
What is the deadline for issuing certificate of completion of continuing professional development in valuation in Vietnam from July 1, 2024?
Based on Article 21 of Circular 39/2024/TT-BTC, the confirmation of completion of continuing professional development in valuation in Vietnam is regulated as follows:
- Students who have attended the required number of hours for knowledge updates per Clause 4, Article 20 of Circular 39/2024/TT-BTC will be confirmed as having completed the knowledge updates in asset valuation or enterprise valuation.
The head of the knowledge update unit (or the deputy head assigned by the head) signs and issues the confirmation of completion of knowledge updates in the valuation profession.
- The confirmation of completion of knowledge updates in the valuation profession as stipulated in Clause 1, Article 21 of Circular 39/2024/TT-BTC is one of the conditions for the valuer to register for valuation practice in the fields of asset valuation or enterprise valuation from the date of issuance of the confirmation of completion until December 31 of the following year.
- In cases where the valuer attends the ASEAN Valuers Association Conference, the certificate of attendance replaces the document confirming the completion of knowledge updates for the valuation profession when registering for valuation practice.
Thus, starting from July 1, 2024, confirmation of completion of knowledge updates in the valuation profession will follow the above-mentioned regulations.
What is the deadline for issuing certificate of completion of continuing professional development in valuation in Vietnam from July 1, 2024?
What are the principles of training, refresher training and continuing professional development in valuation?
Based on Article 3 of Circular 39/2024/TT-BTC, the principles for training, refresher training and continuing professional development in Vietnam are regulated as follows:
- The program, content, and duration of training, updating, and continuing professional development must be suitable for the participants in the training sessions as regulated in Circular 39/2024/TT-BTC.
- The content for training, updating, and continuing professional development must ensure regular updates, quality improvement, and meet the needs of the participants.
- Training, updating, and continuing professional development are conducted in a centralized manner. In emergencies, incidents, disasters, natural calamities, epidemics, or other necessary situations, the Ministry of Finance may announce that the training, updating, and continuing professional development be conducted online.
- The organization of training, updating, and continuing professional development must comply with the regulations of Circular 39/2024/TT-BTC.
Thus, the above are the general principles for training, enhancing, and updating knowledge for valuation students.
What are the delivery mode, content, documents and duration of continuing professional development in valuation in Vietnam?
Based on Article 20 of Circular 39/2024/TT-BTC, the delivery mode, content, documents and duration of continuing professional development in valuation in Vietnam are regulated as follows:
Delivery mode, content, documents and duration of continuing professional development in valuation in Vietnam
1. The knowledge update classes in valuation professional activities are organized in a continuous session and must ensure sufficient time, content, and materials as regulated in Clauses 2 and 3 of this Article and in alignment with the yearly orientations announced by the Ministry of Finance. Each class should not exceed 150 students.
2. Content for Knowledge Updates
a) Legal regulations on prices, valuation, and other related laws in Vietnam and internationally;
b) Valuation skills, experience, valuation scenarios, and professional ethics;
c) Other knowledge and information related to valuation.
3. Materials for Knowledge Updates are compiled by the organizing unit and should contain the essential content regulated in Clause 2 of this Article. The organizing unit is responsible for regularly updating the latest state regulations related to pricing and valuation during teaching.
From July 1, 2024, the delivery mode, content, documents and duration of continuing professional development in valuation in Vietnam include:
- Form of Organization: continuous centralized session.
- Content:
+ Legal regulations on prices, valuation, and other related laws in Vietnam and internationally;
+ Valuation skills, experience, valuation scenarios, and professional ethics;
+ Other knowledge and information related to valuation.
- Materials: compiled by the organizing unit and containing the essential content as regulated in Clause 2, Article 20 of Circular 39/2024/TT-BTC.
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