Under what circumstances must an Asset Procurement?

An asset procurement due diligence is essential, but it is not always necessary to do an asset procurement appraisal.

To better understand the cases of asset procurement appraisal, in Article 15 of Decree No. 170/2003 / ND-CP dated December 25, 2003 of the Government detailing the implementation of a The number of articles of the Ordinance on prices, State property subject to price appraisal is prescribed in the following cases:

Property procurement appraisal is conducted for:

1) Assets purchased in whole or in part from state budget sources

2) Assets of the State leased, transferred, sold, contributed as capital and other forms of transfer of rights;

3) SOE assets leased, transferred, sold, contributed as capital, equitized, dissolved and other forms of conversion;

4) Other property of the State as prescribed by law subject to price appraisal.

Property Procurement Appraisal - For property value

The State assets mentioned above with the following values ​​must be subject to price appraisal:

1) Having a value of a single unit of VND 100 million or more or buying a large quantity of the same asset at a time with a total value of VND 100 million or more with respect to the property purchased in whole or in part from the source. State budget;

2) With a value of VND 500 million or more in respect of property leased, transferred, sold, contributed as capital and other forms of transfer of rights by the State;

3) A value of VND 500 million or more for the property of a State enterprise that is leased, transferred, sold, contributed as capital, equitized, dissolved and other forms of conversion;

4) Valued at a value of VND 500 million or more in respect of other State assets.

Property procurement appraisal - Purchase object:

Agencies, organizations, enterprises and units using the state budget shall purchase the above assets (state budget sources purchase State assets, including: capital construction investment, non-business capital Development investment credit capital of the State, credit loans guaranteed by the State and other capital belonging to the budget), if not through bidding and through the Price Determination Council, an appraisal of the procurement of assets must be conducted real.

State property subject to appraisal as provided for in Article 13 of the Ordinance on Prices which has been auctioned or through the Price Determination Council established under the provisions of law is not necessarily appraised; The evaluation and procurement of assets formed from other capital sources comply with the request of state agencies, organizations and individuals that wish to appraise prices.

Documents related to the asset procurement appraisal:

- Decree No. 170/2003 / ND-CP dated December 25, 2003 of the Government detailing the implementation of a number of articles of the Ordinance on Prices

- Ordinance on prices No. 40/2002 / PL- UBTVQH10 dated 10/5/2002.