Vietnam: Determination of salaries and fees paid to valuers

10:03, 18/08/2014

Recently, the Government of Vietnam has issued Decree No. 81/2014/NĐ-CP detailing a number of articles of the Ordinance on Assessment and Valuation Expenses and Expenses for witness and interpreter in Legal Procedures.

According to Decree No. 81/2014/NĐ-CP of Vietnam’s Government, salaries and fees paid to valuers are determined as follows:

tien luong, thu lao, nguoi dinh gia, nghi dinh 81/2014/NĐ-CP

Salaries and fees paid to valuers:

- Expenses for salaries shall be applied in case the procedure conducting body demands performance of valuation with respect to property valuation organization.

- Determination of salaries is instructed in accordance with Point b, Clause 1, Article 4 hereof.

Determination of fees paid to valuers:

- Expenses for fees shall be applied in case the procedure conducting body demands performance of valuation with respect to Council of property valuers.

- Council of property valuers shall rely on regulations on expenses for conferences organized by state agencies and public service units, regulations on night-time and overtime work performed by officials, public servants (in case of working overtime) and actual working time to determine expenses for fees paid to valuers and make notification to the procedure conducting body.

View details at Decree No. 81/2014/NĐ-CP of Vietnam’s Government, effective from October 01, 2014.

Thu Ba

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