Vietnam: Price appraisers must have the actual working time of from 36 (thirty six) months or longer

According to Article 7 of Decree No. 89/2013/ND-CP of Vietnam’s Government, 07 criteria of price appraisers are specified as follows:

1. Having civil act capacity.

2. Having ethical qualities, integrity, being honest and objective.

3. Graduated university, post-university specialized in price, appraisal of prices and sectors including: Economy, economy – technique, law involving operation of appraisal of prices issued by legal training organizations in Vietnam or other countries.

4. Having the actual working time under the trained specialties of from 36 (thirty six) months or longer, calculated from the date of issuing the university diploma of specialties specified in Clause 3 of this Article.

5. Having certificate of training on appraisal of prices issued by agencies, organizations which have function on training the appraisal of prices as prescribed by the Ministry of Finance, except from the following cases:

- Persons who have had graduation diplomas of domestic or foreign universities or post-universities specialized in price, appraisal of prices;

- Persons who have had graduation diplomas of domestic or foreign universities or post-universities specialized in economy, economy-technique, technique, law involving operation of appraisal of prices and had college diplomas specialized in appraisal of prices.

6. Possessing card of price appraiser issued by the Ministry of Finance.

Concurrently, Vietnamese citizens who are eligible for participating in examination as prescribed by the Ministry of Finance and meeting requirements of the examination for granting the card of price appraisers that are organized by the Ministry of Finance shall be granted the card of price appraiser by the Ministry of Finance.

Note: Persons who possess certificate of appraisal of prices issued by foreign countries and recognized by the Ministry of Finance, have civil act capacity, ethical qualities, integrity, being honest and objective and pass the examination of test in Vietnamese about law of Vietnam involving the operation of appraisal of prices as prescribed by the Ministry of Finance shall be granted the card of price appraiser by the Ministry of Finance.

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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