Vietnam: 04 cases of conducting asset appraisal upon request or recommendation

According to Decree No. 89/2013/ND-CP of Vietnam’s Government, competent state agencies perform appraisal of asset prices at the request in writing of competent state agencies or agencies, organizations, units which are assigned to purchase, sell, liquidate, lease, hire state assets in certain cases as follows:

- Purchase, sale, liquidation, lease state assets or hire assets to serve for operation of state agencies as prescribed by law on management and use of state assets;

- Fail to hire any enterprise to appraise prices for state assets in case where agencies, organizations, units which are assigned to purchase, sell, liquidate, lease, hire state assets have posted up publicly information over 15 (fifteen) days to invite for supplying the price appraisal service but there is no price appraisal enterprise participating in, except for bidding case which shall comply with provisions of law on bidding;

- Purchase, sell assets belonging to state secret as prescribed by law on list of state secrets;

- Purchase, sell state assets with big value and after having hired the price appraisal enterprise, agency or person competent to approval realize that it is necessary to have an appraisal of a competent state management agency according to decentralization of appraising prices of state assets as specified.

Concurrently, documents requesting for appraising price of assets must have the following principle contents:

- Name of agency requesting for price appraisal;

- Content of request for price appraisal;

- Information about assets subject to price appraisal enclosed with relevant documents; evaluation certificate of economic-technical status, quality of assets subject to price appraisal; certificate, report about result of price appraisal (if any) and other relevant documents.

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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