What is the process of valuation appraisal?

08:20, 11/07/2024

The Ministry of Finance has promulgated Circular 28/2015/TT-BTC on Vietnam's valuation standards No. 05, 06, and 07.

Circular 28 stipulates the price appraisal process consisting of 06 steps, specifically:

- Step 1. Identify the general information about the asset to be appraised and determine the market or non-market value as a basis for the appraisal.- Step 2. Develop a price appraisal plan.- Step 3. Conduct field surveys and collect information.- Step 4. Analyze the information.- Step 5. Determine the value of the asset to be appraised.- Step 6. Prepare an appraisal result report, an appraisal certificate, and send them to the client and relevant parties.

See detailed steps in Circular 28/2015/TT-BTC effective from April 20, 2015.

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