Guidelines for Appraisal Planning

08:20, 11/07/2024

The Ministry of Finance has promulgated Circular No. 28/2015/TT-BTC on Vietnamese Valuation Standards No. 05, 06, and 07.

In which, the Circular stipulates the contents of the valuation plan, including:

- Determining the objectives, requirements, scope, and content of the work.- Determining the methods and procedures for conducting the valuation.- Determining the necessary data for the valuation, and the documents to be collected regarding the market, the assets to be valuated, and the comparable assets.- Identifying and developing sources of documents, ensuring reliable and verified sources: Researching dossiers and documents on the assets to be valuated.- Developing the implementation schedule, determining the sequence of data collection and analysis, and the allowable timeframe for each sequence to be executed.- Determining the organization of implementation and allocating resources: Establishing a plan for assigning valuators and support staff to meet the valuation requirements of clients, ensuring the application of quality control procedures in the valuation activities of the enterprise.- Identifying the content of work that requires hiring a consulting expert (if any).

The establishment of the valuation plan aims to clarify the scope, work content, implementation schedule for each content, and the overall implementation schedule of the entire valuation.

For more details, see Circular 28/2015/TT-BTC, effective from April 20, 2015.

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