Are price appraisers required to graduate from university in Vietnam?

Regarding regulations on valuation. Question: Are price appraisers required to graduate from university in Vietnam?  Hope to receive a reply soon.

Are price appraisers required to graduate from university in Vietnam? 

In Article 7 of Decree 89/2013/ND-CP guiding the Law on Price on appraisal of prices, there are provisions:

1. Having civil act capacity.

2. Having ethical qualities, integrity, being honest and objective.

3. Graduated university, post-university specialized in price, appraisal of prices and sectors including: Economy, economy – technique, law involving operation of appraisal of prices issued by legal training organizations in Vietnam or other countries.

4. Having the actual working time under the trained specialties of from 36 (thirty six) months or longer, calculated from the date of issuing the university diploma of specialties specified in Clause 3 of this Article.

5. Having certificate of training on appraisal of prices issued by agencies, organizations which have function on training the appraisal of prices as prescribed by the Ministry of Finance, except from the following cases:

a) Persons who have had graduation diplomas of domestic or foreign universities or post-universities specialized in price, appraisal of prices;

b) Persons who have had graduation diplomas of domestic or foreign universities or post-universities specialized in economy, economy-technique, technique, law involving operation of appraisal of prices and had college diplomas specialized in appraisal of prices.

6. Possessing card of price appraiser issued by the Ministry of Finance.

Thus, according to the above regulations in Vietnam, the price appraiser is required to have a university degree in a number of specializations in price, appraisal of prices.

Best regards!

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