Vietnam’s regulations on orders of asset price appraisal

According to Decree No. 89/2013/ND-CP of Vietnam’s Government, document requesting for asset price appraisal is sent to the state agency competent to perform asset price appraisal according to decentralization as prescribed. Competent state agencies shall perform asset price appraisal according to the following orders:

- Defining generally about assets subject to price appraisal;

- Making plan on price appraisal;

- Surveying reality, collecting information involving assets subject to price appraisal;

- Analyzing information;

- Determining value of asset subject to price appraisal based on regulation on counting price of assets, goods, service, the Vietnam criteria of price appraisal promulgated by the Ministry of Finance; principles, grounds, methods of determining price as prescribed by law involving asset subject to price appraisal;

- Making report about result of price appraisal, documents replying about result of price appraisal and submit to heads of agencies competent to price appraisal for the approval; after that, send document replying about result of the price appraisal to agencies requesting for price appraisal.

Note: Depending on assets subject to appraisal, the orders of price appraisal may be shortened some steps in comparison with the above order.

Agencies requested for price appraisal shall supply information and documents related to assets subject to price appraisal; coordinate in surveying reality of assets subject to price appraisal, if necessary.

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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