According to Vietnam’s regulations, price-appraising enterprises may operate upon the Ministry of Finance grants the certificate of eligibility for providing appraisal services. So, What are the conditions for these enterprises to be granted the eligible certificate of eligibility for providing appraisal services.
Price appraisal means determination of value in money of types of properties by agencies, organizations having function of price appraisal as prescribed in the Civil Code of Vietnam that is suitable with market price at a point of time, a certain location, for a certain purpose according to standard of price appraisal. So, what are Vietnam’s regulations on price appraisal?
According to Vietnam’s regulations, price stabilization means applying appropriate methods on making the supply and demand, finance, monetary equable and other necessary methods on economy, administrative by the State to impact on forming and moving of prices, not let prices of goods or services irrationally raise too high or decrease too low.
The Law on Prices 2012 of Vietnam was promulgated on June 20, 2012, regulating rights and obligations of organizations and individuals in field of Prices; activities of managing and regulating prices of the State. There are certain acts that are strictly prohibited in the field of prices specified in this Law.
The Law on Prices 2012 of Vietnam was promulgated on June 20, 2012 and officially effective from January 01, 2013, of which a fundamental content is the regulation on rights and obligations of price-appraising enterprises.
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