Valuation consultancy services for equitized enterprises

Legal basis

  • Decree 59/2011 of the Government dated 18 July 2011 on transformation of enterprises with 100% state capital into joint-stock companies
  • Decree 189/2013 of the Government dated 20 November 2013 guiding Decree 59 on transformation of wholly state-owned enterprises into joint-stock companies
  • Circular 127/2012 of the Ministry of Finance dated 8 August 2012 on standards, conditions and procedures for recognition of enterprise value determination services provider

Investment conditions

1. WTO, FTAs: not included in the Schedule

2. The law of Vietnam:

2.1. Foreign investors who have established legal status in Vietnam to provide valuation consultancy services for equitized enterprises must meet the following conditions:

  • Being organization operating in the areas of valuation, auditing, accounting, financial consultation and consultation of enterprise ownership transformation under the law of the country where its headquarters is located.
  • Having at least 05 (five) years of experience in one of the following areas of operation: valuation, auditing, accounting, securities, financial consultation and consultation of enterprise ownership transformation.
  • During 03 (three) most recent years from the time of submission dossier for providing enterprise valuation service, such organizations have to perform at least 30 contracts in the aforementioned areas per year.

2.2. The foreign valuation consultation organizations not establishing legal status in Vietnam are only allowed to provide the equitized enterprise value determination services if they meet the following conditions:

Form of investment: cooperation, joint venture

Vietnamese parties participating in the investment are valuation consultation organizations.

Foreign investors:

  • Being organization operating in the areas of valuation, auditing, accounting, financing, financial consultation and consultation of enterprise ownership transformation under the law of the country where its headquarters is located.
  • Having at least 05 (five) years of experience in one of the following areas: valuation, auditing, accounting, securities, financial consultation and consultation of enterprise ownership transformation.
  • During 03 (three) most recent years from the time of submission dossiers for providing enterprise valuation services such organizations have to perform at least 30 contracts in the aforementioned areas per year.