Circular No. 25/2025/TT-BTC amends and supplements regulations on determining the initial price of assets for auctioned national food reserves. This price is determined through hiring enterprises to appraise or applying comparison methods according to Circular No. 45/2024/TT-BTC, ensuring transparency and fairness.
Scope of application
National Reserve Management Office Region
Key points
- The Director of the National Reserve Management Office Region → hires enterprises to appraise prices or applies comparison methods to determine the initial price of assets for auctioned national food reserves, ensuring transparency and fairness.
- The Director of the National Reserve Management Office Region → bears legal responsibility for the initial price of each asset for auction.
🌐 Social impact of this document
- Positive impact: Ensures transparency and fairness in the process of determining the initial price, helping to improve management and utilization efficiency of national reserve goods.
- Negative impact: May increase costs for the National Reserve Management Office when hiring enterprises to appraise prices.
❓ Frequently asked questions
What can the Director of the National Reserve Management Office Region do?
The Director may hire enterprises to appraise prices or apply comparison methods to determine the initial price of assets for auctioned national food reserves, ensuring transparency and fairness.
Who is responsible for the initial price?
The Director of the National Reserve Management Office Region bears legal responsibility for the initial price of each asset for auction.
How is the initial price determined?
The initial price is determined through hiring enterprises to appraise or applying comparison methods according to Circular No. 45/2024/TT-BTC.
When does this Circular take effect?
This Circular takes effect from the date of issuance.
What must related agencies and organizations do to implement this Circular?
The Director of the National Reserve Management Agency and related units and organizations are responsible for implementing this Circular.
Full text
| MINISTRY OF FINANCE ------- |
SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------------------------------ |
|---|---|
| Number: 25/2025/TT-BTC | Hanoi, May 12, 2025 |
CIRCULAR
Amending and supplementing some articles of Circular No. 89/2015/TT-BTC dated June 11, 2015 of the Ministry of Finance guiding import, export, purchase, and sale of national reserve goods
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On the basis of Law on National Reserves dated November 20, 2012;
On the basis of Law on Prices dated June 19, 2023;
Decree No. Pursuant to Decree No. 94/2013/NĐ-CP dated August 21, 2013 of the Government detailing the implementation of the National Reserve Law;
Decree No. 29/2025/NĐ-CP dated February 24, 2025 of the Government on the functions, tasks, powers, and organizational structure of the Ministry of Finance;
At the proposal of the Director of the State Treasury Management Agency;
The Minister of Finance issues this Circular amending and supplementing certain Articles of Circular No. Circular No. 89/2015/TT-BTC dated June 11, 2015 of the Minister of Finance guiding import, export, purchase, and sale of national reserve goods.
Article 1. Supplement Clause 3 of Article 15 of Circular No. 89/2015/TT-BTC dated June 11, 2015 of the Minister of Finance as follows:
"3. The starting price of each unit of property for auctioned food reserves managed by the Ministry of Finance shall be determined as follows:"
The Deputy Director of the State Treasury Management Branch shall hire a company to appraise or apply the comparison method specified in Point 3, Chapter II of Circular No. 45/2024/TT-BTC dated July 1, 2024 of the Minister of Finance on general valuation methods for goods and services priced by the state to serve as the basis for determining the starting price of each unit of property for auction. The Deputy Director of the State Treasury Management Branch shall be responsible under the law and to the Director of the State Treasury Management Agency for the starting price of each unit of property for auction, ensuring transparency and compliance with market prices at the time of sale.
Article 2. Effectiveness
This Circular takes effect from the date of signature.
The Director of the State Treasury Management Agency; relevant units and organizations are responsible for implementing this Circular.
During implementation, if there are any difficulties, agencies, organizations, and individuals are requested to promptly report to the Ministry of Finance for study and resolution./.
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Place of Receipt: |
DEPUTY MINISTER |
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