Vietnam: Rights and obligations of state agencies when appraise prices of state assets

Specifically, according to Article 26 of Decree No. 89/2013/ND-CP of Vietnam’s Government, rights and obligations of heads, civil servants of state agencies when appraise prices of state assets are as follows:

1. Heads and civil servants of state agencies have rights:

- To organize price appraisal under their competence specified in Article 5 of this Decree or perform price appraisal under assignment of agencies, organizations subject to request for price appraisal;

- To request agencies requesting for price appraisal or agencies, organizations, unit which have assets subject to price appraisal or other relevant organizations, individuals for supplying necessary information and documents to serve for appraising prices of assets;

- Heads of state agencies are entitled to hire organizations which have functions to perform evaluation on economic – technical status, quality of assets; hire services for asset price appraisal with the aim to have more information to serve the price appraisal of state agencies;

- To refuse the asset price appraisal in case of insufficient information and documents at the request specified in point b Clause 1 of this Article;

- To enjoy regimes, policies as prescribed by law on price appraisal and other relevant provisions of law.

2. Heads and civil servants of state agencies have obligations:

- To comply with the orders of asset price appraisal as prescribed in Article 25 of this Decree;

- To ensure the independence about professional operations; the truthfulness, objectivity in the course of asset price appraisal;

- Keep information in secret as prescribed by law.

Apart from the above rights and obligations, heads, civil servants of state agencies when performing price appraisal of state assets have rights and obligations as prescribed by law on civil servants.

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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