06 tasks of professional organizations for appraisal of prices in Vietnam

According to Decree No. 89/2013/ND-CP of Vietnam’s Government, professional organizations for appraisal of prices are established and operate in accordance with Law on associations and law on appraisal of prices. The professional organizations for appraisal of prices may organize the training and grant of certificate of re-training professional knowledge on appraisal of prices and perform tasks involving activities of appraisal of prices as follows:

1. Researching, updating the international criteria of appraisal of prices to propose to the Ministry of Finance for considering promulgating or supplementing, amendment the Vietnam Criteria of appraisal of prices in conformity with actual conditions in Vietnam and international practices;

2. Coordinating with the Ministry of Finance in organizing grant of cards of price appraiser;

3. Coordinating with the Ministry of Finance in examining, assessing on quality of activities of appraisal of prices and compliance with regulation of State on appraisal of prices in respect to the price appraisal enterprises being members;

4. Supplying information to the Ministry of Finance about activities of members in serve of state management on appraisal of prices;

5. Organizing the information provision, propagation about activities of appraisal of prices; coordinating with the Ministry of Finance in propagating about mechanisms, policies on management and control by State in price field;

6. Participating in activities of international cooperation on appraisal of prices as prescribed by law on associations.

View more details at Decree No. 89/2013/ND-CP of Vietnam’s Government, effective from September 25, 2013.

Ty Na

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