Regulations on state valuation refresher training in Vietnam from July 1, 2024

Regulations on state valuation refresher training in Vietnam from July 1, 2024 (Internet image) 

Regulations on state valuation refresher training in Vietnam from July 1, 2024

*Trainees

According to Article 13 of Circular 39/2024/TT-BTC, the trainees are as follows:

- State valuers.

- Other individuals in regulatory agencies and individuals who wish to receive state valuation refresher training.

*Refresher training providers in Vietnam

According to Article 14 of Circular 39/2024/TT-BTC, entities with the function of training, refresher training in valuation under the Ministry of Finance that fully meet the requirements specified in Article 4 of Circular 39/2024/TT-BTC may provide state valuation refresher training.

*Delivery mode, content and refresher training program in state valuation

- The refresher training class in state valuation will be delivered in a single continuous session, with sufficient time for teaching and learning, and adhere to the content and program requirements outlined in Clause 2 of Article 15 of Circular 39/2024/TT-BTC.

- The prescribed duration for a refresher training class is 40 hours, not including review time and examination to evaluate trainees’ performance specified in Article 16 of Circular 39/2024/TT-BTC.

- The maximum class size for state valuation refresher training is 150 trainees.

- The refresher training provider in state valuation shall compile refresher training documents on state valuation according to the content of the refresher training program framework specified in Appendix V issued with this Circular; and also update new content and regulations of the state related to the field of prices and valuation (including state valuation) during the teaching process.

* Examination and assessment of trainees’ performance

- At the end of the refresher training class in state valuation, the refresher training provider must administer an examination to evaluate trainees’ performance. The assessment shall be conducted through one (1) written examination (subjective test or objective test as decided by the head of the refresher training provider) for a maximum of 150 minutes for both general knowledge and professional knowledge. The content of the exam must demonstrate basic knowledge of the topics in the curriculum.

- Examination scores are graded on a scale of 10 (ten).  A score below 5 points on the examination is considered failing.

- Trainees who do not attend at least 80% of the required class time for each topic will not be allowed to take the examination for that topic and will be required to retake the missing topic.

- In cases where a trainee is unable to attend the examination due to special reasons, the trainee must submit a request for postponement of the examination and obtain approval from the head of the refresher training provider.

- Trainees who have failed an examination or those who were unable to attend an examination due to special reasons as specified in Clause 4 of Article 16 of Circular 39/2024/TT-BTC are entitled to retake each examination once. The head of the refresher training provider shall determine the schedule for retakes for these trainees, but the retake must be conducted within no more than 06 (six) months from the completion date of the refresher training class.

(Article 16 of Circular 39/2024/TT-BTC)

*Certificate of state valuation refresher training

- Trainees who obtain a score of 5 (five) or above on the examination are considered to have met the class requirements and are eligible to receive a certificate of state valuation refresher training.

- The head of the refresher training provider (or deputy assigned by the head of the refresher training provider) shall sign and issue the certificate of state valuation refresher training. The certificate of state valuation refresher training shall follow the form in Appendix VI with Circular 39/2024/TT-BTC and must bear the trainee's photo and seal.

- In cases where a certificate is lost, torn, burned, or damaged due to natural disasters, war, or other force majeure circumstances, the refresher training provider shall review and make a decision on re-issuance. However, the re-issued certificate must clearly indicate that it is a re-issuance and the training provider shall bear legal responsibility for such re-issuance.

- Holders of certificates of state valuation refresher training are allowed to participate in the valuation council in accordance with Article 60 of the Price Law.

Members of the state valuation council are responsible for actively taking continuing professional development in valuation through their official duties and through at least one of the following methods:

+ Attend conferences to disseminate legal documents on valuation or training conferences on valuation held by the Ministry of Finance every year.  Minimum attendance duration: 1 conference/year;

+ Attend refresher training classes in valuation held annually by refresher training providers specified in Article 14 of Circular 39/2024/TT-BTC.  Minimum attendance duration: 1 class/year.

(Article 17 of Circular 39/2024/TT-BTC)

Le Nguyen Anh Hao

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