The documents and certificate templates related to appraisal practice training and state appraisal professional development under Circular No. 39/2024/TT-BTC have been fully presented. They include contents such as market price formation principles, financial analysis of enterprises, real estate appraisal, machinery and equipment appraisal, and enterprise appraisal. Detailed certificate templates are also provided with personal information and training/professional development organization details.
Scope of application
These are organizations and individuals participating in the appraisal training course, including those working in finance, real estate, enterprises, and state agencies.
Key points
- Detailed training content on market price formation principles and basic appraisal principles.
- Topics on financial analysis of enterprises and appraisal of real estate, machinery and equipment, intangible assets, and enterprises.
- The appraisal practice training and state appraisal professional development certificate template is provided according to regulations.
- Requirement for a 4x6cm photograph affixed with a border stamp in the certificate.
- Detailed information about the certificate holder such as date of birth, place of origin, ID card number/Residence Registration Card number/Passport number, and workplace.
🌐 Social impact of this document
- Enhance the professional capacity of the appraisal workforce.
- Ensure standardization in appraisal activities.
- Strengthen the effectiveness of state asset management through appraisal training and professional development.
❓ Frequently asked questions
Is this certificate required to work in the appraisal field?
For certain positions, particularly those conducting appraisals for state agencies or large projects, this certificate is usually required. However, this depends on the specific policies of each organization and enterprise.
Can I register for an online course?
Circular No. 39/2024/TT-BTC does not mention online training. However, depending on the specific training organization, you may find online courses or blended learning options.
How long is this certificate valid?
Typically, the certificate is valid for a certain period (usually five years), after which it must be renewed through advanced courses or continuous training.
Full text
|
MINISTRY OF FINANCE Number: 39/2024/TT-BTC |
SOCIALIST REPUBLIC OF VIET NAM Hanoi, May 16, 2024 |
CIRCULAR
Regulations on training, enhancement, knowledge updating, and issuance of appraisal practice certificates
Pursuant to the Price Law on June 19, 2023;
Pursuant to Decree No. 14/2023/NĐ-CP dated April 20, 2023 of the Government stipulating functions, tasks, powers, and organizational structure of the Ministry of Finance;
At the proposal of the Director of the Price Management Department;
The Minister of Finance issues this Circular to regulate training, enhancement, knowledge updating, and issuance of appraisal practice certificates.
PART I
GENERAL PROVISIONS
Article 1. Scope of Regulation
This Circular regulates training, enhancement, knowledge updating, and issuance of appraisal practice certificates for price appraisers and state price appraisal staff.
Article 2. Applicability
This Circular applies to individuals who wish to take the examination to obtain a Price Appraiser Card; holders of a Price Appraiser Card; price appraisers; state price appraisal staff; organizations conducting training, enhancement, and knowledge updating on price appraisal; state management agencies on price appraisal; other relevant agencies, organizations, and individuals involved in training, enhancement, and knowledge updating on price appraisal (hereinafter referred to as training, enhancement, and knowledge updating).
Article 3. Principles of Training, Enhancement, and Knowledge Updating
1. The curriculum, content, and duration of training, enhancement, and knowledge updating must be appropriate for the participants in the training, enhancement, and knowledge updating classes as stipulated in this Circular.
2. The content of training, enhancement, and knowledge updating must ensure continuous updates, improve quality, and meet the requirements of the participants in the training, enhancement, and knowledge updating classes.
3. Training, enhancement, and knowledge updating shall be organized in a centralized form. In cases of emergency situations, accidents, disasters, natural calamities, epidemics, or other necessary circumstances, the Ministry of Finance will announce that training, enhancement, and knowledge updating can be conducted through online forms.
4. The organization of training, enhancement, and knowledge updating must comply with the provisions of this Circular.
Article 4. Requirements for Training Organizations
When organizing training, enhancement, and knowledge updating, training organizations must meet the following requirements:
1. Have a teaching staff participating in training, enhancement, and knowledge updating who meet the following criteria:
a) Hold a bachelor's or postgraduate degree in a relevant field corresponding to the lecture topic;
b) Have at least five years of work experience directly related to the lecture topic;
c) Individuals who have participated in research, teaching related to the lecture topics at educational institutions or those who have worked in state management related to prices, appraisals, or domestic and foreign experts, price appraisers with appropriate qualifications and professional reputation as stipulated in this Circular.
2. Have plans, contents, curricula, and materials for training, enhancement, and knowledge updating that comply with the provisions of Articles 10, 11, 15, 16, and 20 of this Circular.
3. Must ensure material facilities serving the training, enhancement, and knowledge updating activities, including classrooms, desks, blackboards, teaching aids, and other necessary equipment (owned or leased). In cases where training, enhancement, and knowledge updating are conducted through online forms, material facilities (owned or leased) must be ensured to conduct such training, enhancement, and knowledge updating.
Article 5. Rights and responsibilities of training, upgrading, and updating knowledge units
1. Rights of training, upgrading, and updating knowledge units
a) Enrolling students and proactively implementing training, upgrading, and updating knowledge activities in accordance with the prescribed subjects under this Circular;
b) Collecting service fees from participants. The level of service fee collection for training, upgrading, and updating knowledge shall be decided by the head of the training, upgrading, and updating knowledge unit. The collection, management, utilization, and settlement of revenue from service fees for training, upgrading, and updating knowledge shall comply with the relevant laws;
c) Issuing Certificates of appraisal valuation vocational training, State Appraisal Valuation Upgrading Certificates, and confirming completion of knowledge updates on appraisal valuation vocational matters as stipulated in this Circular.
2. Responsibilities of training, upgrading, and updating knowledge units
a) Adhering to regulations on training, upgrading, and updating knowledge; assessing and evaluating learning outcomes, issuing Certificates of appraisal valuation vocational training, State Appraisal Valuation Upgrading Certificates, and confirming completion of knowledge updates on appraisal valuation vocational matters as stipulated in this Circular;
b) Strictly complying with reporting systems as stipulated in this Circular;
c) Implementing the process of collecting student feedback on class quality using the Evaluation Form as specified in Appendix I attached to this Circular;
d) Bearing full responsibility under the law for the accuracy and legality of training, upgrading, and updating knowledge results and certificates or confirmations issued by their own unit;
đ) Reissuing certificates or confirming completion of knowledge updates due to incorrect student information or non-compliance with certificate models prescribed by the Ministry of Finance, or in cases of loss or damage at the request of the student;
e) Not issuing certificates or confirming completion of knowledge updates to individuals not listed in the enrollment list, or those who participated in classes but did not meet the requirements as stipulated in this Circular;
g) Fully retaining all relevant files concerning the organization of training, upgrading, and updating knowledge as stipulated in Article 7 of this Circular;
h) Providing complete, accurate, and timely information, documents, and reports as required by competent state agencies regarding the organization of training, upgrading, and updating knowledge;
i) Being subject to inspection by the Ministry of Finance in the implementation of the provisions of this Circular.
Article 6. Reporting System for Training, Upgrading, and Updating Knowledge Activities
1. Training, upgrading, and updating knowledge units shall report periodically every quarter on the organization of training, upgrading, and updating knowledge on appraisal valuation of their own unit according to the following contents:
a) Report title: Report on the organization of training, upgrading, and updating knowledge on appraisal valuation Quarter I/II/III/IV;
b) Required report content: Decision to open each class; Decision recognizing the achievement of each class; List of students achieving the requirements of each class and receiving certificates or confirmation of completing knowledge updates according to the Model specified in Appendix II attached to this Circular; Schedule of each class including content and program;
c) Reporting entity: Training, upgrading, and updating knowledge units on appraisal valuation;
d) Receiving agency: Price Management Department;
đ) Method of sending and receiving reports: Delivering directly to the agency's office; or sending through postal services; or sending via email to [email protected] (scanned copy); or through specialized information reporting software system when it is established and operational;
e) Deadline for submitting reports: No later than the last day of the first month of the quarter immediately following the reported quarter;
g) Frequency of reporting: Quarterly;
h) Data closing date for reports: Last day of the reported quarter;
i) Report format: Specified in Appendix III attached to this Circular.
2. Training, upgrading, and updating knowledge units shall report annually on the organization of training, upgrading, and updating knowledge on appraisal valuation of their own unit according to the following contents:
a) Report title: Report on the situation and direction of training, upgrading, and updating knowledge activities in the year;
b) Required report content: Situation of organizing training, upgrading, and updating knowledge on appraisal valuation during the reported year;
c) Reporting entity: Training, upgrading, and updating knowledge units on appraisal valuation;
d) Receiving agency: Price Management Department;
đ) Method of sending and receiving reports: Delivering directly to the agency's office; or sending through postal services; or sending via email to [email protected] (scanned copy); or through specialized information reporting software system when it is established and operational;
e) Deadline for submitting reports: No later than January 31 of the year following the reported year;
g) Frequency of reporting: Annually;
h) Data closing date for reports: Last day of the reported year;
i) Report format: Specified in Appendix IV attached to this Circular.
3. Training, upgrading, and updating knowledge units shall submit ad hoc reports when requested by competent state agencies regarding the situation of organizing training, upgrading, and updating knowledge on appraisal valuation.
4. Training, upgrading, and updating knowledge units on appraisal valuation shall be responsible for the accuracy and truthfulness of the reports stipulated in Clause 1, Clause 2, and Clause 3 of this Article.
Article 7. Archiving training, enhancement, and knowledge update records
1. Training, enhancement, and knowledge update records stored at the Ministry of Finance include:
a) Quarterly reports on the organization of training, enhancement, and knowledge updates on valuation from the training, enhancement, and knowledge update units sent to the Ministry of Finance;
b) Annual reports on the operation situation and direction of training, enhancement, and knowledge updates from the training, enhancement, and knowledge update units sent to the Ministry of Finance;
c) Unexpected reports on the organization of training, enhancement, and knowledge updates on valuation from the training, enhancement, and knowledge update units sent to the Ministry of Finance.
2. Training, enhancement, and knowledge update records must be stored at the training, enhancement, and knowledge update units including:
a) Documents specified in Article 6 of this Circular;
b) Exams of trainees for valuation business training and state valuation enhancement;
c) Quality assessment forms for training, enhancement, and knowledge updates;
d) Other related documents (if any).
3. The storage form can be paper or electronic data. The retention period is ten (10) years for training organization records and five (5) years for enhancement and knowledge update organization records. The head of the valuation training, enhancement, and knowledge update unit shall be responsible for organizing the preservation, storage, and destruction of records in accordance with the law on archives.
Chapter II
TRAINING ON VALUATION BUSINESS
Article 8. Training Objectives
1. Individuals who wish to take the examination to obtain a valuation certificate.
2. Other subjects with a need to participate in valuation business training classes.
Article 9. Training Units
The following units that meet the requirements stipulated in Article 4 of this Circular may organize valuation business training:
1. Higher education institutions with majors in valuation training at the bachelor's level as prescribed by the law on education and training.
2. Units with functions of training and enhancing valuation business under the Ministry of Finance.
3. Professional associations on valuation.
Article 10. Forms of Organization, Content, and Training Program for Valuation Business
1. Valuation business training classes are organized in concentrated sessions continuously for one period or multiple periods but not exceeding three (3) months for one class and must ensure sufficient teaching and learning time, content, and program as prescribed in Clause 2 of this Article.
2. Content and Training Program:
|
Subject Name |
Number of Hours |
|
|
A |
COMMON KNOWLEDGE PART |
|
|
Subject 1 |
Laws applicable in the field of valuation |
24 |
|
Subject 2 |
Principles of market price formation and Basic principles of valuation |
24 |
|
Subject 3 |
Corporate financial analysis |
20 |
|
B |
VALUATION BUSINESS KNOWLEDGE PART |
|
|
Subject 4 |
Real estate valuation |
24 |
|
Subject 5 |
Tangible asset valuation 1 (Machine and equipment valuation) |
24 |
|
Subject 6 |
Tangible asset valuation 2 (Intangible asset and other tangible asset valuation) |
20 |
|
Subject 7 |
Enterprise valuation |
24 |
a) Valuation business training class includes five (5) subjects: Laws applicable in the field of valuation; Principles of market price formation and Basic principles of valuation; Real estate valuation; Tangible asset valuation 1 (Machine and equipment valuation); Tangible asset valuation 2 (Intangible asset and other tangible asset valuation);
b) Enterprise valuation business training class includes the subjects specified in point a of this clause and two (2) additional subjects: Corporate financial analysis; Enterprise valuation;
c) The duration of a training class specified in point a of Clause 2 of this Article is 116 hours, while the training class specified in point b of Clause 2 of this Article is 160 hours, excluding review time and examination results as prescribed in Article 11 of this Circular;
d) Trainees who have achieved satisfactory results in the training class specified in point a of Clause 2 of this Article are allowed to supplement their studies to complete the program of the training class specified in point b of Clause 2 of this Article.
3. A maximum of 150 trainees per valuation business training class.
4. The training organization unit shall compile training materials for valuation business according to the framework program for training and enhancement on valuation as prescribed in Appendix V issued together with this Circular; at the same time, they are responsible for updating new contents and regulations related to the field of prices and valuation during the teaching process.
Article 11. Examination and Assessment of Learning Results
1. At the end of the professional appraisal training course, the training unit must organize an examination and assessment of learning results. The content of the examinations must reflect the basic knowledge of each subject in the curriculum:
a) For the training classes specified in points a and b, Clause 2, Article 10 of this Circular, the examination will be conducted through two (2) written tests; the common knowledge test lasts for 120 minutes, while the professional knowledge test lasts for 150 minutes;
b) For trainees as stipulated in point d, Clause 2, Article 10 of this Circular, they must complete one (1) written test lasting 150 minutes for additional subjects.
2. Marks for the examinations will be scored on a scale of ten (10). A test with less than five (5) marks is considered to not meet the requirements.
3. Trainees who do not attend at least eighty percent (80%) of the time allocated for each subject according to the regulations will not be allowed to participate in the examination and assessment of learning results for that subject and must retake the missing subject.
4. In cases where trainees cannot attend the examination and assessment of learning results due to maternity leave, accidents, illness, or other special reasons (as evidenced by a hospital certificate), the trainee must submit a request for postponement of the examination and obtain approval from the Head of the Training Unit.
5. Trainees whose test scores do not meet the requirements and those who have not taken the test due to special reasons as stipulated in Clause 4 of this Article have the right to retake each test once. The time for organizing the retake for these trainees shall be decided by the Head of the Training Unit but shall not exceed six (6) months from the date of completion of the training class.
Article 12. Certificate of Professional Appraisal Training
1. Trainees who achieve a score of five (5) or higher on each test are deemed to have met the requirements of the course and are eligible to receive a Certificate of Professional Appraisal Training for Assets or a Certificate of Professional Appraisal Training for Enterprises, depending on the program they participated in.
Trainees who have been issued a Certificate of Professional Appraisal Training for Assets may supplement their studies to complete the program specified in point b, Clause 2, Article 10 of this Circular to obtain a Certificate of Professional Appraisal Training for Enterprises.
2. The Head of the Training Unit (or a deputy authorized by the Head of the Training Unit) signs and issues the Certificate of Professional Appraisal Training. The Certificate of Professional Appraisal Training shall follow the Model prescribed in Appendix VI attached to this Circular and must bear the learner's photograph seal.
3. The Certificate of Professional Appraisal Training for Assets is one of the conditions for registering to take the examination for obtaining an Appraisal License in the field of asset appraisal. The Certificate of Professional Appraisal Training for Enterprises is one of the conditions for registering to take the examination for obtaining an Appraisal License in the field of asset appraisal or for registering to take the examination for obtaining an Appraisal License in the field of enterprise appraisal.
The Certificate of Professional Appraisal Training is also a condition for officials, civil servants, employees, and workers under the management and use authority of the entity establishing the Appraisal Board to participate in the Appraisal Board as stipulated in Article 60 of the Price Law.
4. Cases of reissuing Certificates due to loss, damage caused by natural disasters, enemy actions, or other force majeure reasons shall be reviewed and decided by the training unit, but it must clearly state that the Certificate is a reissued one and bear responsibility under the law for such reissuance.
Chapter III
STATE APPRAISAL TRAINING
Article 13. Recipients of training
1. State asset valuation officers.
2. Other subjects within state agencies and individuals requiring state asset valuation training.
Article 14. Training Units
Units under the Ministry of Finance with the function of training and providing asset valuation business training that meet the requirements stipulated in Clause 2 of Article 4 of this Circular shall organize state asset valuation training.
Article 15. Forms of Organization, Content, and Program of State Asset Valuation Training
1. A state asset valuation training class must be organized as a continuous period, ensuring sufficient teaching and learning time, content, and program as prescribed in Clause 2 of this Article.
2. The duration of a training class is set at 40 hours, excluding review and examination time as prescribed in Article 16 of this Circular.
|
Subject Title |
Number of Hours |
|
|
A |
COMMON KNOWLEDGE PART |
|
|
Subject 1 |
Laws applicable in the field of asset valuation and state asset valuation activities |
8 |
|
Subject 2 |
Fundamental principles of asset valuation and their application in state asset valuation activities |
4 |
|
Subject 3 |
Corporate financial analysis |
4 |
|
B |
VALUATION BUSINESS KNOWLEDGE PART |
|
|
Subject 4 |
Real estate valuation |
8 |
|
Subject 5 |
Tangible asset valuation 1 (Machine and equipment valuation) |
8 |
|
Subject 6 |
Tangible asset valuation 2 (Intangible asset and other tangible asset valuation) |
4 |
|
Subject 7 |
Enterprise valuation |
4 |
3. A state asset valuation training class may have a maximum of 150 trainees.
4. The unit organizing state asset valuation training must compile training materials according to the framework curriculum for asset valuation training as specified in Appendix V attached to this Circular; simultaneously, they are responsible for updating new contents and regulations related to the price and asset valuation fields (including state asset valuation) during the teaching process.
Article 16. Examination and Evaluation of Learning Outcomes
1. At the end of the state asset valuation training class, the training unit must organize an examination and evaluation of learning outcomes. The examination will be conducted through one (1) essay (either subjective or multiple choice, decided by the head of the training unit) within a maximum of 150 minutes covering both general knowledge and specialized knowledge. The examination content must reflect the basic knowledge of each topic in the training program.
2. The examination score is graded on a scale of ten (10). An examination score below five (5) points is considered unsatisfactory.
3. Trainees who do not ensure a minimum attendance rate of eighty percent (80%) of the required time for each topic as stipulated must retake the missed topics and are not eligible to participate in the examination and evaluation of learning outcomes.
4. In special cases where trainees cannot attend the examination and evaluation of learning outcomes, they must submit a request for postponement of the examination and obtain approval from the head of the training organization unit.
5. Trainees with unsatisfactory examination scores and those unable to attend the examination due to special reasons as stipulated in Clause 4 of this Article have the right to retake the examination once. The time for organizing the retake examination for these trainees is determined by the head of the training unit but shall not exceed six (6) months from the date of completion of the training class.
Article 17. Certificate of State Asset Valuation Training
1. Trainees with examination scores of five (5) points or higher are deemed to have met the course requirements and are entitled to receive a Certificate of State Asset Valuation Training.
2. The head of the training unit (or a deputy authorized by the head of the training unit) signs and issues the Certificate of State Asset Valuation Training. The Certificate of State Asset Valuation Training follows the Model specified in Appendix VI attached to this Circular and must bear the trainee's photograph stamp.
3. Cases of reissuing Certificates due to loss, damage, destruction by natural disasters, enemy actions, or other force majeure reasons are reviewed and decided by the training unit, but must clearly indicate that it is a reissued certificate and bear responsibility under the law for such reissuance.
4. Holders of the Certificate of State Asset Valuation Training are eligible to participate in asset valuation boards as stipulated in Article 60 of the Price Law.
Members of state asset valuation boards are responsible for proactively updating their professional knowledge in asset valuation through their official duties and through at least one of the following methods:
a) Participating in annual conferences disseminating legal documents on asset valuation or asset valuation training sessions organized by the Ministry of Finance. Minimum participation time: one conference/year;
b) Participating in annual asset valuation knowledge training classes organized by units as stipulated in Article 14 of this Circular. Minimum participation time: one class/year.
Chapter IV
UPDATING KNOWLEDGE ON ASSET VALUATION BUSINESS
Article 18. Subjects for Knowledge Update
1. Appraisers, except in cases where the appraisal appraiser card has been issued for less than one year as of the date of registration to practice.
2. Other subjects with requirements.
Article 19. Units for Knowledge Update
1. Centers with functions to train appraisal skills under the Ministry of Finance and professional associations on appraisal that meet the organizational training, development, and knowledge update requirements stipulated in Clause 4 of this Circular shall organize knowledge updates on appraisal skills.
2. Prior to opening the first knowledge update class on appraisal skills in a year, units specified in Clause 1 of this Article must send a notification letter to the Ministry of Finance regarding their own knowledge update on appraisal skills.
Article 20. Forms of Organization, Content, Materials, and Duration of Knowledge Updates on Appraisal Skills
1. The knowledge update class on appraisal skills shall be organized in a continuous period and must ensure sufficient time, content, and materials as prescribed in Clauses 2 and 3 of this Article and the annual content update guidelines announced by the Ministry of Finance. Each knowledge update class shall not exceed 150 participants.
2. Content of Knowledge Update
a) Legal provisions on prices, appraisals, and other relevant laws related to appraisal activities in Vietnam and internationally;
b) Appraisal skills, experiences, scenarios, and professional ethics;
c) Other knowledge and information related to appraisals.
3. Knowledge update materials shall be compiled by the unit organizing the knowledge update class and must contain basic contents as prescribed in Clause 2 of this Article. The unit organizing the knowledge update is responsible for regularly updating new contents and regulations related to the price and appraisal fields during the teaching process.
4. The minimum annual duration of knowledge update is 20 hours/year for asset appraisal and 24 hours/year for business appraisal. In cases where participants have attended knowledge update classes but have not met the required number of hours, they must attend additional classes from the same knowledge update unit to make up the required hours, but not exceeding two classes/year.
Article 21. Confirmation of Completion of Knowledge Update on Appraisal Skills
1. Participants who have attended the required number of hours of knowledge update as stipulated in Clause 4 of Article 20 of this Circular shall be confirmed to have completed the knowledge update on appraisal skills in the field of asset appraisal or business appraisal.
The head of the knowledge update unit (or a deputy authorized by the head of the knowledge update unit) shall sign and issue the confirmation of completion of knowledge update on appraisal skills.
2. The confirmation of completion of knowledge update on appraisal skills stipulated in Clause 1 of this Article is one of the conditions for appraisers to register to practice appraisal in the field of asset appraisal or business appraisal from the date of issuance of the confirmation of completion of knowledge update on appraisal skills until December 31 of the following year.
3. In cases where appraisers participating in the ASEAN Appraiser Conference obtain a certificate of attendance at the conference, such certificate shall replace the confirmation of completion of knowledge update on appraisal skills when registering to practice appraisal.
Chapter V
IMPLEMENTATION
Article 22. Responsibilities of the Ministry of Finance in managing training, upgrading, and updating knowledge on valuation
1. Receiving and compiling data and reports on training, upgrading, and updating knowledge on valuation activities from training units, upgrading units, and knowledge updating units.
2. Announcing the direction of content for updating knowledge on valuation practices for the upcoming year before December 31 each year.
3. Periodically or unexpectedly, the Ministry of Finance (Price Management Department) will conduct inspections on the organization of training, upgrading, and updating knowledge on valuation by training, upgrading, and knowledge updating units; handling violations according to the provisions of the law.
Article 23. Transitional Provisions
1. The training certificate and upgrading certificate for specialized valuation business issued in accordance with Decision No. 87/2008/QD-BTC dated October 22, 2008, of the Minister of Finance shall be recognized as the training certificate for valuation business operations in accordance with this Circular.
2. The training certificate for valuation business, and the upgrading certificate for specialized valuation business issued in accordance with Circular No. 204/2014/TT-BTC dated December 23, 2014, of the Minister of Finance on training and upgrading specialized valuation business and Circular No. 11/2019/TT-BTC dated February 20, 2019, of the Minister of Finance amending and supplementing some articles of Circular No. 204/2014/TT-BTC shall be recognized as the training certificate for valuation business operations and the upgrading certificate for state valuation in accordance with this Circular.
3. Training and upgrading classes on valuation that have class opening decisions made before the effective date of this Circular shall continue to implement training, upgrading, and issuing training certificates and upgrading certificates in accordance with Circular No. 204/2014/TT-BTC dated December 23, 2014, of the Minister of Finance on training and upgrading specialized valuation business and Circular No. 11/2019/TT-BTC dated February 20, 2019, of the Minister of Finance amending and supplementing some articles of Circular No. 204/2014/TT-BTC.
Article 24. Effective Date
1. This Circular takes effect from July 1, 2024.
2. Circular No. 204/2014/TT-BTC dated December 23, 2014, of the Minister of Finance on training and upgrading specialized valuation business and Circular No. 11/2019/TT-BTC dated February 20, 2019, of the Minister of Finance amending and supplementing some articles of Circular No. 204/2014/TT-BTC dated December 23, 2014, of the Minister of Finance on training and upgrading specialized valuation business shall cease to be effective from the date this Circular takes effect.
3. During implementation, if there are difficulties or obstacles, please promptly report them to the Ministry of Finance for research and appropriate amendments and supplements.
|
Place of Receipt: |
DEPUTY MINISTER DEPUTY MINISTER (Signed) Le Tan Cam |
Appendix I
CLASS QUALITY EVALUATION FORM
(Attached to Circular No. 39/TT-BTC dated May 16, 2024 of the Minister of Finance)
CLASS QUALITY EVALUATION FORM
...date... month... year...
To evaluate the quality of training, upgrading, and updating knowledge on valuation, we are conducting a feedback survey regarding the program and materials through the questions below. Your feedback will contribute positively to improving the quality of the training, upgrading, and updating knowledge programs on valuation.
Question 1. Please provide the following information:
1. Full name: …
2. Staff ID number/Certified Appraiser Number (if applicable): ...
4. Date of organization: ...
5. Organizing unit: ...
6. Location of organization: ...
Question 2. Below are criteria related to the quality of the program and materials that you directly participated in. Please select the level of evaluation (number) on the scale that you find most appropriate for each criterion, mark x or √ in the corresponding box.
Level of Evaluation
|
1 |
2 |
3 |
4 |
5 |
|
Not passed |
Achieved |
Fair |
Good |
Very Good |
|
No. |
Content |
Level of Evaluation |
||||
|
1 |
Implementation of the Ministry of Finance regulations on(training, upgrading, and updating knowledge on valuation) |
1 |
2 |
3 |
4 |
5 |
|
2 |
The course topics achieved the training, upgrading, and updating knowledge objectives. Trainees were trained, upgraded, and enhanced their necessary knowledge and skills in valuation. |
1 |
2 |
3 |
4 |
5 |
|
3 |
Course content is suitable for the training, upgrading, and updating knowledge needs of participants |
1 |
2 |
3 |
4 |
5 |
|
4 |
Lecturers teach clearly, enthusiastically, and responsibly; effectively answer trainee questions |
1 |
2 |
3 |
4 |
5 |
|
5 |
Lecturers follow the teaching plan regarding content and time |
1 |
2 |
3 |
4 |
5 |
Question 3. Other suggestions to improve the quality of the program and materials
…………………………………………………………………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………………………………………………………………
WE APPRECIATE YOUR COOPERATION!
--------------------------------
Note:
(1) If the class has multiple topics, evaluate each topic separately.
(2) If the class has multiple lecturers, evaluate each lecturer separately.
ANNEX II
LIST OF STUDENTS MEETING CLASS REQUIREMENTS AND AWARDED CERTIFICATES OR ACKNOWLEDGEMENTS OF COMPLETION OF KNOWLEDGE UPDATES
(Attached to Circular No. 39/TT-BTC dated May 16, 2024 of the Minister of Finance)
A. For valuation business training and state valuation upgrading
|
NAME OF ENTITY |
SOCIALIST REPUBLIC OF VIET NAM |
|
No.: … |
..., day... month... year... |
Respectfully submitted to: Ministry of Finance (Price Management Department)
LIST OF STUDENTS MEETING CLASS REQUIREMENTS AND AWARDED CERTIFICATES...
(Class: ...)
Class duration from... month... year... to... month... year...
(Attached to Decision recognizing class completion requirements number... day... month... year...)
|
No. |
Full Name |
National Identity Card/Passport Number |
|
1 |
2 |
3 |
|
|
|
|
* Note: Between pages of the List must have the stamp of the unit.
|
Place of Receipt: |
HEAD OF THE UNIT |
B. For updating knowledge on valuation business
|
NAME OF ENTITY |
SOCIALIST REPUBLIC OF VIET NAM |
|
No.: … |
..., day... month... year... |
Respectfully submitted to: Ministry of Finance (Price Management Department)
LIST OF STUDENTS MEETING CLASS REQUIREMENTS AND AWARDED ACKNOWLEDGEMENTS OF COMPLETION OF KNOWLEDGE UPDATE ON VALUATION BUSINESS BY ASSET/ENTERPRISE VALUATION FIELD
(Class: ...)
Class duration from... month... year... to... month... year...
(Attached to Decision acknowledging completion of knowledge update class number... day... month... year...)
|
No. |
Full Name |
Certified Appraiser Number |
Workplace |
|
1 |
2 |
3 |
4 |
|
|
|
|
|
* Note: Between pages of the List must have the stamp of the unit.
|
Place of Receipt: |
HEAD OF THE UNIT |
ANNEX III
QUARTERLY REPORT ON THE ORGANIZATION OF TRAINING, UPGRADE, AND KNOWLEDGE UPDATE
(Attached to Circular No. 39/TT-BTC dated May 16, 2024 of the Minister of Finance)
|
NAME OF TRAINING UNIT |
SOCIALIST REPUBLIC OF VIET NAM |
|
No.: … |
..., day... month... year... |
REPORT
Quarter...1
Respectfully submitted to: Ministry of Finance (Price Management Department)
(Name of training, upgrade, and knowledge update unit)hereby reports the situation of organizing valuation business training/upgrading state valuation/knowledge update on valuation business in Quarter... Year... as follows:
1. Valuation Business Training Class
|
No. |
Class |
Decision to open class(date month year) |
Decision to recognize completion of the course requirements(date month year) |
Number of trainees completing the course requirements and receiving certificates |
|
1 |
Class 1 |
|
|
|
|
2 |
Grade 2 |
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... |
... |
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(thousand dong/year) |
(Class) |
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(Trainees) |
2. State Valuation Appraisal Training Class
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No. |
Class |
Decision to open class(date month year) |
Decision to recognize completion of the course requirements(date month year) |
Number of trainees completing the course requirements and receiving certificates |
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1 |
Class 1 |
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2 |
Grade 2 |
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|
… |
… |
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|
(thousand dong/year) |
(Class) |
|
|
(Trainees) |
3. Valuation Appraisal Business Knowledge Update Class
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No. |
Class |
Decision to open class(date month year) |
Decision confirming completion of knowledge update(date month year) |
Number of trainees meeting the requirements and receiving confirmation of completion of knowledge update |
|
1 |
Class 1 |
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|
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2 |
Grade 2 |
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|
|
|
... |
... |
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|
(thousand dong/year) |
(Class) |
|
|
(Trainees) |
Other contents (if applicable): ……………………………………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………………………………………………………………
Documents attached with the Report:Decisions to open each class; Decisions recognizing completion of course requirements or Decisions confirming completion of knowledge update for each class; List of trainees meeting course requirements and receiving Certificates or confirmation of completion of knowledge update; Schedule of each class including content and program.
|
Place of Receipt: |
HEAD OF THE UNIT |
_____________________________
1Clearly state the reporting period, for example, Quarter I 2024.
ANNEX IV
REPORT ON THE SITUATION OF TRAINING AND DEVELOPMENT ACTIVITIES AND FUTURE DIRECTIONS
(Attached to Circular No. 39/TT-BTC dated May 16, 2024 of the Minister of Finance)
|
NAME OF TRAINING UNIT |
SOCIALIST REPUBLIC OF VIET NAM |
|
No.: … |
..., day... month... year... |
REPORT
Situation of activities in the year ...1,
Directions for activities in the year ...2
Respectfully submitted to: Ministry of Finance (Price Management Department)
(Name of training, upgrade, and knowledge update unit)report on the organization of valuation appraisal business training/national valuation appraisal training/knowledge update on valuation appraisal business in ... as follows:
1. General information about the training, development, and knowledge update unit
1.1. Name of the training, development, and knowledge update unit on valuation appraisal(including English name, Vietnamese name, and abbreviation).
1.2. Decision establishing the training, development, and knowledge update unit on valuation appraisal by the competent state agency.
1.3. Head of the training, development, and knowledge update unit on valuation appraisal, including: full name, date of birth, ID card/passport number and issue date, issuing authority, position.
1.4. Main office address of the training, development, and knowledge update unit on valuation appraisal; telephone; fax; website.
2. Situation of organizing valuation appraisal business training/national valuation appraisal training/knowledge update on valuation appraisal business
2.1. Year of starting the training, development, and knowledge update courses (regular/irregular, reasons).
2.2. Number of training, development, and knowledge update courses opened during the reporting period; average number of trainees enrolled per course.
2.3. Results of examination and evaluation of learning outcomes and issuance of Valuation Appraisal Business Training Certificate/National Valuation Appraisal Training Certificate/Completion Confirmation of Knowledge Update.
2.4. Lecturers of the training, development, and knowledge update classes
- Number of lecturers participating in teaching;
- Academic rank and degree of lecturers.
2.5. Program and content of training, development, and knowledge update.
2.6. International cooperation in the field of training and development of valuation appraisal.
2.7. Other related contents (if applicable).
3. Detailed statistics on the situation of organizing training, development, and knowledge update on valuation appraisal during the reporting period
3.1. Valuation Appraisal Business Training Class
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No. |
Class |
Start Date |
End Date |
Number of participants |
Number of trainees meeting the requirements |
policies for health sector officials and civil servants; standards, technical procedures; measures to implement state management functions in the field of health and other issues entrusted by the Government. |
|
1 |
Class 1 |
|
|
|
|
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2 |
Grade 2 |
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|
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... |
... |
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(thousand dong/year) |
(Class) |
|
|
(Trainees) |
(Trainees) |
(Decision) |
3.2. National Valuation Appraisal Training Class
|
No. |
Class |
Start Date |
End Date |
Number of participants |
Number of trainees meeting the requirements |
policies for health sector officials and civil servants; standards, technical procedures; measures to implement state management functions in the field of health and other issues entrusted by the Government. |
|
1 |
Class 1 |
|
|
|
|
|
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2 |
Grade 2 |
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|
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|
|
|
... |
... |
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|
|
(thousand dong/year) |
(Class) |
|
|
(Trainees) |
(Trainees) |
(Decision) |
3.3. Valuation Appraisal Business Knowledge Update Class
|
No. |
Class |
Start Date |
End Date |
Number of participants |
Number of trainees meeting the requirements |
policies for health sector officials and civil servants; standards, technical procedures; measures to implement state management functions in the field of health and other issues entrusted by the Government. |
|
1 |
Class 1 |
|
|
|
|
|
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2 |
Grade 2 |
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|
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|
... |
... |
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|
(thousand dong/year) |
(Class) |
|
|
(Trainees) |
(Trainees) |
(Decision) |
4. Advantages, difficulties, and recommendations:
…………………………………………………………………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………………………………………………………………
5. Directions for activities in the following year:
…………………………………………………………………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………………………………………………………………
|
Place of Receipt: |
HEAD OF THE UNIT |
_______________________________
1Clearly state the reporting period, for example, 2024.
2The consecutive year of the reporting period, for example, 2025.
ANNEX V
FRAMEWORK FOR TRAINING AND DEVELOPMENT PROGRAMS ON VALUATION APPRAISAL
(Attached to Circular No. 39/TT-BTC dated May 16, 2024 of the Minister of Finance)
1. Legal Topics Applied in the Field of Valuation Appraisal
1.1. Valuation Appraisal Law: general provisions on valuation appraisal; provisions for valuation appraisers; provisions for valuation appraisal enterprises; state valuation appraisal; price data sources; specialized inspection and supervision on prices...
1.2. Other laws applied in the field of valuation appraisal
a) Property Law and Rights over Property: concept of property and property rights, types of property including tangible and intangible assets; forms of ownership; content of ownership rights, establishment and termination of ownership rights;
b) Land Law: general provisions; powers and responsibilities of the State, citizens' rights and obligations regarding land; rights and obligations of land users; land allocation, land leasing, and changes in land use purposes; financial matters concerning land and land prices;
c) Enterprise Law:
Basic concepts of enterprise (enterprise; legal personality; limited liability; legal representative of the enterprise; basic rights and obligations of the enterprise); enterprise models in Vietnam; establishment and restructuring of enterprises;
Laws on shareholding, state capital investment in enterprises, and management and use of capital and assets in enterprises;
d) Real estate business law, contract law, tax law, dispute resolution, bankruptcy.
2. Topic on Principles of Market Price Formation and Fundamental Principles of Valuation Appraisal
2.1. Principles of Market Price Formation
a) Economic essence of the concept of price in a market economy
b) Formation of market prices and influencing factors
c) Relationship between production costs and product cost
- Production costs;
- Product cost;
- Distinction between production costs and product cost.
2.2. Fundamental Principles of Valuation Appraisal
a) Concept of valuation appraisal; characteristics of valuation appraisal activities; objects of valuation appraisal; purpose and role of valuation appraisal in a market economy;
b) Valuation appraisal value basis;
c) Applied mathematics in valuation appraisal;
d) Scope of valuation appraisal work;
e) Valuation appraisal report, valuation appraisal certificate, valuation appraisal file;
f) Approaches and methods of valuation appraisal;
g) Introduction to Vietnamese Valuation Appraisal Standards and International Valuation Appraisal Standards.
2.3. Application in State Valuation Appraisal Activities(for national valuation appraisal training class)
a) Valuation appraisal report, notification of valuation appraisal results, valuation appraisal file;
b) Notes on applying approaches and methods of valuation appraisal in state valuation appraisal activities (sale, liquidation, lease, joint ventures, joint operations, transfer of state-owned assets or purchase, rental of goods, services, assets using state funds).
3. Financial Analysis of Enterprises Topic
3.1. Overview of financial analysis of enterprises: objectives; content; methods of financial analysis of enterprises.
3.2. Financial analysis databases for enterprises: Balance sheet, Income statement, Cash flow statement, Notes to financial statements, and other relevant databases.
3.3. Contents of enterprise financial analysis: Analysis of capital raising and utilization, financing and guarantee conditions for business activities, accounts receivable and payable situations and payment ability, cash generation capacity and cash flow situation, business performance and results, break-even point and decision-making, capital efficiency and effectiveness, financial risks and financial needs forecasting.
4. Real Estate Valuation Topic
4.1. Overview of real estate and the real estate market; factors affecting real estate prices.
4.2. Real estate valuation
a) Definition; role; purpose of real estate valuation;
b) Value bases in real estate valuation
c) Scope of work in real estate valuation;
d) Real estate valuation report, valuation certificate, real estate valuation file;
đ) Approaches and methods of real estate valuation according to Vietnamese Valuation Standards.
4.3. Practical applications for various approaches and methods of real estate valuation.
5. Tangible Asset Valuation Topic 1 (Machine and Equipment Valuation)
5.1. Overview of machines and equipment and the machine and equipment market; factors affecting machine and equipment prices.
5.2. Machine and equipment valuation
a) Definition; role; purpose of machine and equipment valuation;
b) Value bases in machine and equipment valuation;
c) Scope of work in machine and equipment valuation;
d) Machine and equipment valuation report, valuation certificate, machine and equipment valuation file;
đ) Approaches and methods of machine and equipment valuation according to Vietnamese Valuation Standards.
5.3. Practical applications for various approaches and methods of machine and equipment valuation.
6. Tangible Asset Valuation Topic 2 (Intangible Asset Valuation and Other Tangible Assets Valuation)
6.1. Overview of intangible assets and the intangible asset market; factors affecting intangible asset prices.
6.2. Intangible asset valuation
a) Definition; role; purpose of intangible asset valuation;
b) Value bases in intangible asset valuation;
c) Scope of work in intangible asset valuation;
d) Intangible asset valuation report, valuation certificate, intangible asset valuation file;
đ) Approaches and methods of intangible asset valuation according to Vietnamese Valuation Standards.
6.3. Practical applications for various approaches and methods of intangible asset valuation.
6.4. Overview of valuation of certain other tangible assets.
7. Enterprise Valuation Topic
7.1. Overview of enterprises and enterprise value; factors affecting enterprise value.
7.2. Enterprise valuation
a) Definition; role; purpose of enterprise valuation;
b) Value bases in enterprise valuation;
c) Scope of work in enterprise valuation;
d) Enterprise valuation report, valuation certificate, enterprise valuation file;
đ) Approaches and methods of enterprise valuation according to Vietnamese Valuation Standards.
7.3. Enterprise valuation in shareholding and divestment at state-owned enterprises in Vietnam.
7.4. Practical applications for various approaches and methods of enterprise valuation.
ANNEX VI
SAMPLE CERTIFICATE OF VALUATION TRAINING AND NATIONAL VALUATION REFRESHER CERTIFICATE
(Attached to Circular No. 39/TT-BTC dated May 16, 2024 of the Minister of Finance)
A. Certificate of Valuation Training
|
B. National Valuation Refresher Certificate
|
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