Title: Decree 20/2006/ND-CP, detailing the provision of the commercial law on provision of commercial assessment service

Type: Decree

Issuing Agency: Government

Responsible Agency: Ministry of Industry and Trade

Issuing Date: 20-02-2006

This Decree applies to traders providing commercial assessment services which are established under Vietnamese law.

Principles for provision of commercial assessment services

1. Commercial assessment services shall be provided under an agreement between involved parties or at the request of any of parties to a contract relating to goods or services which need to be assessed; or at the request of individuals, organizations or state agencies.

2. Commercial assessment services shall be provided on the principle of independence, objectivity, scientificity and accuracy.

3. It is prohibited to provide commercial assessment services in cases where such services are related to interests of assessing enterprises and assessors.

Competence to perform state management of provision of commercial assessment services

1. The Trade Ministry shall be answerable to the Government for unifying the state management of the provision of commercial assessment services with the following specific management contents:

a/ Promulgating according to its competence or proposing the Government to promulgate, amend or supplement legal documents concerning provision of commercial assessment services;

b/ Guiding and inspecting provincial/municipal Trade Services (Trade and Tourism Services) in registering professional stamps of traders providing commercial assessment services;

c/ Directly inspecting and examining activities of providing commercial assessment services when deeming it necessary;

d/ Building an information system for unified management of registration of professional stamps of traders providing commercial assessment services;

e/ Settling complaints and denunciations and handling acts of violating the provisions of law on provision of commercial assessment services according to its competence.

2. Ministries, ministerial-level agencies and Government-attached agencies shall, within the ambit of their powers, perform the state management over provision of commercial assessment services.

3. Provincial/municipal People's Committees of localities where traders have made their business registration shall guide the registration of professional stamps of traders providing commercial assessment services according to the provisions of this Decree.

For further details, Please see a reference translation  at https://luatminhkhue.vn/en/decree/decree-no-20-2006-nd-cp-dated-february-20--2006-of-the-government-detailing-the-provisions-of-the-commercial-law-on-provision-of-commercial-assessment-services.aspx

 

Download Vietnamese: Decree 20/2006/ND-CP, detailing the provision of the commercial law on provision of commercial assessment service