AMENDING THE APPLICATION FOR VALUATION PRACTICE REGISTRATION FOR VALUERS
The Ministry of Finance promulgates the Circular No. 60/2021/TT-BTC on amending and supplementing a number of articles of the Circular No. 38/2014/TT-BTC dated March 28, 2014 on guiding a number of articles of the Government's Decree No. 89/2013/ND-CP dated August 06, 2013 detailing a number of articles of the Law on Price regarding valuation on July 21, 2021.
According to this Circular, for a valuation enterprise’s valuers being foreigners, certified copies of their work permits issued to foreign workers by competent Vietnamese agencies with the working period in conformity with the term of the labor contracts must be included in the valuation enterprise’s application for valuation practice registration for its valuers. To annul documents proving that the valuers are permitted to reside in Vietnam according to the law regulations on foreigners’ entry in, exit from and residence in Vietnam, with the remaining time limit of the paper being at least 02 months in the application.
Additionally, the application must have a list of at least 10 sets of valuation brief reports and valuation result reports signed by a valuer in the previous year, except cases such as: The valuer practicing for under 06 months in the previous year; the valuer being in the list of valuers fully qualified to practice the valuation in the registration year announced by the Ministry of Finance, etc.
The Ministry of Finance also amends regulations on the time limit of storage of valuation dossiers. Specifically, it shall be at least 10 years from the date of issuance of valuation brief reports. According to the current regulations, such time limit shall only be applied to paper valuation dossiers; electronic database shall be stored permanently.
This Circular takes effect on September 03, 2021.
