Vietnam: Conditions for providing the consultancy on land pricing services

According to Decree No. 44/2014/NĐ-CP of Vietnam’s Government, conditions for providing the consultancy on land pricing services are specified as follows:

- The organizations providing consultancy on land pricing must:

+ Be licensed to provide consultancy on land pricing, real estate valuation or consultancy on real estate valuation;

+ Have at least 3 pricing experts eligible to provide consultancy on land pricing as prescribed Decree Clause 2 this Article.

- Individuals providing consultancy on land pricing must be personnel of an organization licensed to provide consultancy on land pricing and must:

+ Be capable of civil acts;

+ Have a moral sense, integrity, honesty and objectivity;

+ Have at least a Bachelor’s degree in land management, pricing, price inspection, land survey, real estate business, real estate economy and other majors related to land pricing;

+ Have at least 36 months’ working experience related to the major after receiving the Degree prescribed in point c this Clause;

+ Have the Pricing Expert’s Cards issued under regulations of pricing law or Certificates in real estate valuation issued under regulations of law on real estate business or Certificates in land pricing.

Besides, Decree No. 44/2014/NĐ-CP also stipulates that the organizations licensed to provide the consultancy on land pricing services must:

- Apply the principles, land pricing methods, procedure, contents when formulating the land price bracket, the land price list and determining land prices.

- Be independent, honest and objective.

- Perform duties as prescribed in Clause 2 Article 116 in the Law Land.

View more details at Decree No. 44/2014/NĐ-CP of Vietnam’s Government, effective from July 01, 2014.

Le Hai

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