THE PURPOSE OF ASSET VALUATION

Property price appraisal serves the purposes of:

1. To serve as a basis for considering and approving the expenditures of the State budget capital.

2. Making cost estimates, approving the cost estimates of projects, works

3. Mortgage of bank loans.

4. Purchase, sale, settlement of debts, handling of collateral and outstanding assets.

5. Property auction.

6. Bid evaluation of projects.

7. Capital contribution, joint venture, dissolution, merger, division, purchase and sale of enterprises.

8. Settlement and handling of disputed properties in the cases.

9. Accounting Tax calculation accounting.

10. Determination of Insured Value.

11. Buying, selling, renting and leasing assets of all types in all economic sectors.

12. To serve as a basis for calculating land use levies and remitting to the State budget upon land allocation.

13. Enterprise equitization.

14. Determining the price of residential land to serve the work of compensation, support for ground clearance when the State recovers land close to the market price under normal conditions.

15. Determine the selling price of state-owned resettlement apartments close to the market price.

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