Recently, the Government of Vietnam issued Decree 12/2021/ND-CP on amendments to a number of articles of Decree 89/2013/ND-CP on elaboration of some Articles of the Law on Prices regarding valuation.
According to Clause 2, Article 1 of Vietnam's Decree 12/2021/ND-CP, Article 8a has been added after Article 8 of Vietnam's Decree 89/2013/ND-CP on the requirements to be satisfied by the legal representative, director or general director of a valuation enterprise
He/She has acted as a valuator for at least 03 years (36 months) before becoming the legal representative, Director or General Director of the valuation enterprise.
He/She has not been the legal representative, Director or General Director of a valuation enterprise whose Certificate of eligibility to provide valuation services has been revoked for a period of 01 year (12 months) by the time of submitting the application for issuance or re-issuance of the certificate of eligibility to provide valuation services.
More details can be found in Vietnam's Decree 12/2021/ND-CP takes effect from May 1, 2021.
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