Chapter III
TASKS AND ENTITLEMENTS OF PRICE AND VALUATION AUTHORITIES
Article 12. State management of prices and valuation
1. Promulgation and implementation of legislative documents on prices and valuation.
2. Price management and regulation of the State.
3. Market price summary, analysis, and forecast; development and operation of databases on prices.
4. Management of valuation operations; organization of valuation operations of the State.
5. Management of training and advanced training in prices and valuation.
6. Inspection of compliance with laws and handling of violations against laws on prices and valuation.
7. Settlement of complaints and denunciations concerning prices and valuation.
8. International cooperation in prices and valuation.
Article 13. Tasks and entitlements of the Government of Vietnam
1. Ensure the uniformity of state management of prices and valuation.
2. Promulgate legislative documents on prices and valuation under its jurisdiction.
3. Submit reports to the Standing Committee of the National Assembly of Vietnam for consideration and adjustments to the list of goods and services subject to price stabilization and the list of goods and services priced by the State.
4. Stipulate and adjust regulations on essential goods and services subject to price declarations prescribed in Point d Clause 2 Article 28 of this Law.
5. Decide and organize the implementation of measures to management and regulate prices according to this Law. Assign and authorize the implementation of state management of prices and valuation and other tasks under its jurisdiction.
Article 14. Tasks and entitlements of the Ministry of Finance of Vietnam
1. Act as the focal agency assisting the Government of Vietnam in ensuring the uniformity of state management of prices and valuation.
2. Promulgate legislative documents on prices and valuation under its jurisdiction or request competent agencies or persons to perform such promulgation; cooperate with Ministries, ministerial agencies, and People’s Committees of provinces in developing legislative documents on prices.
3. Submit reports to the Government of Vietnam for presentation to the Standing Committee of the National Assembly of Vietnam for consideration and adjustments to the list of goods and services subject to price stabilization and the list of goods and services priced by the State based on the proposals of Ministries, ministerial agencies in charge of specific fields and sectors, and People's Committees of provinces.
4. Submit reports to the Government of Vietnam for promulgation or adjustments to regulations on essential goods and services subject to price declarations according to Point d Clause 2 Article 28 of this Law based on proposals of Ministries, ministerial agencies in charge of specific fields and sectors, and People's Committees of provinces.
5. Submit reports to the Government of Vietnam for consideration and decisions on price stabilization guidelines based on proposals of Ministries, ministerial agencies in charge of specific fields and sectors, and People's Committees of provinces; organize the implementation of price stabilization as assigned by the Government of Vietnam.
6. Price goods and services under its jurisdiction as prescribed in the list of goods and services priced by the State; stipulate general pricing methods for goods and services priced by the State and implementation guidelines according to Clause 2 Article 23 of this Law.
7. Receive declarations of prices of goods and services under its jurisdiction.
8. Organize negotiations over prices of goods and services in fields and sectors under its management.
9. Implement the market price summary, analysis, and forecast; apply information technology to the development and operation of the National Database on Prices.
10. Perform the state management of valuation, including:
a) Promulgation of Valuation Standards of Vietnam;
b) Regulations on training, advanced training, knowledge update, and issuance of valuation practicing certificates to valuers and persons performing state valuation;
c) Regulations on exams, issuance, management, term-based expropriation, and revocation of valuer cards;
d) Issuance, re-issuance, and revocation of certificates of eligibility for valuation services; suspension of valuation services;
dd) Management of practicing activities of valuers;
e) Management of operations of valuation enterprises; state management in valuation for occupational associations for valuation according to laws; regulations on the assessment of operations of valuation enterprises.
11. Organize valuation operations of the State in fields within its management scope as prescribed by laws.
12. Implement international cooperation in prices and valuation.
13. Implement professional inspection of prices and valuation according to laws on inspection.
14. Inspect compliance with laws and handle violations against laws on prices and valuation under its functions, fields, and state management scope of prices and valuation.
15. Settle complaints and denunciations concerning prices and valuation in fields within its scope of management according to laws on complaints and denunciations.
16. Excise other tasks and entitlements to state management of prices according to this Law, relevant laws, and assignments of the Government of Vietnam.
Article 15. Tasks and entitlements of Ministries and ministerial agencies
1. Perform the state management of prices in fields within their scope of management as prescribed by laws.
2. Promulgate legislative documents on prices in fields under their management within their jurisdiction or request competent agencies or persons to perform such promulgation; cooperate with Ministries, ministerial agencies, and People’s Committees of provinces in developing legislative documents on prices.
3. Propose and cooperate with the Ministry of Finance of Vietnam in submitting reports to the Government of Vietnam for presentation to the Standing Committee of the National Assembly of Vietnam for consideration and adjustments to the list of goods and services subject to price stabilization and the list of goods and services priced by the State.
4. Propose and cooperate with the Ministry of Finance of Vietnam in requesting the Government of Vietnam to promulgate and adjust regulations on essential goods and services subject to price declarations according to Point d Clause 2 Article 28 of this Law.
5. Propose and cooperate with the Ministry of Finance of Vietnam in presenting price stabilization guidelines to the Government of Vietnam; implement the price stabilization for goods and services under their state management of specific fields and sectors.
6. Price goods and services under their jurisdiction as prescribed in the list of goods and services priced by the State; take charge and cooperate with the Ministry of Finance of Vietnam in development, promulgating, or requesting competent authorities to promulgate particular pricing measures for goods and services in fields within their scope of management as prescribed by laws.
7. Receiving price declarations as assigned by the Government of Vietnam.
8. Organize negotiations over prices of goods and services in fields and sectors under its management.
9. Update information and data on prices to the National Database on Prices according to regulations of the Government of Vietnam.
10. Organize valuation operations of the State in fields within their management scope as prescribed by laws.
11. Inspect compliance with laws and handle violations against laws on prices and valuation operations of the State under their functions, fields, and state management scope of prices and valuation.
12. Settle complaints and denunciations of the State concerning prices and valuation in fields within their scope of management according to laws on complaints and denunciations.
13. Excise other tasks and entitlements to state management of prices according to this Law, relevant laws, and assignments of the Government of Vietnam.
Article 16. Tasks and entitlements of People’s Committees of provinces
1. Perform the local state management of prices as prescribed by laws and are entitled to decide and assign tasks to each of their affiliated professional agencies based on fields and sectors and to their inferior administrative agencies to consult and assist them in performing tasks and entitlements of state management of prices and valuation prescribed in this Article.
2. Promulgate legislative documents on prices under their management scope within their jurisdiction or request competent agencies to perform such promulgation; cooperate with Ministries and ministerial agencies in developing legislative documents on prices.
3. Implement the price stabilization in their areas as prescribed by this Law; cooperate with other provinces in implementing the price stabilization.
4. Price goods and services under their jurisdiction as prescribed in the list of goods and services priced by the State.
5. Assign and authorize the receipt of price declarations in their areas; implement the price summary, analysis, and forecast and update information and data on prices to the National Database on Prices; decide on the local development, operation of databases on prices, and connection to the National Database on Prices according to regulations of the Government of Vietnam.
6. Submit proposals to the Ministry of Finance of Vietnam, Ministries, and ministerial agencies in charge of specific fields and sectors to submit reports to the Government of Vietnam for presentation to the Standing Committee of the National Assembly of Vietnam for consideration and adjustments to the list of goods and services subject to price stabilization and the list of goods and services priced by the State.
7. Submit proposals to the Ministry of Finance of Vietnam to request the Government of Vietnam to promulgate and adjust regulations on essential goods and services subject to price declarations according to Point d Clause 2 Article 28 of this Law.
8. Organize negotiations over prices of goods and services according to this Law.
9. Organize valuation operations of the State within their management scope as prescribed by laws.
10. Inspect compliance with laws and handle violations against laws on prices and valuation under their functions, fields, and state management scope of prices and valuation.
11. Settle complaints and denunciations of local authorities concerning prices and valuation in fields within their scope of management according to laws on complaints and denunciations.
12. Decide on the development and implementation of organizations and plans for the implementation of appropriate measures to stabilize the market price in their areas based on the actual local situations in each stage.
13. Excise other tasks and entitlements to state management of prices according to this Law, relevant laws, and assignments of the Government of Vietnam.
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