Law on land valuation in Vietnam - 10

[44] Speech by former Minister of Trade Truong Dinh Tuyen at the 2014 Spring Economic Forum.

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[45] Topic III: Building a socialist rule-of-law state of the people, by the people, for the people (Training materials for the 2013 exam to promote senior experts of the Party and mass organizations)

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[46] Hoang Huy, “What does Vietnam fear and need when joining TPP?”, Vietnam.net electronic newspaper, posted on October 6, 2015

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[47] Tong Hoa – Phan Anh, “COP21 adopts historic climate agreement” , posted on December 13, 2015

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[48] ​​Ngo Huyen (Synthesis), "22 million Vietnamese people will lose their homes due to climate change" .

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_tpmt/ktmt?p_pers_id=&p_folder_id=14197682&p_main_news_id=29773964&p_year_sel=

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[51] Ministry of Natural Resources and Environment , “Foreign experience in land management and law” , 2012, page 17

[52] Dr. Ngo Van Hien, Academy of Finance, ''Land valuation: Experience from Queensland state (Australia)" , 2013.

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[53] Thach Hue, “When will land and real estate valuation be strong enough?”, posted on May 17, 2012

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[54] Le Kien, Tuoi Tre newspaper, “Let independent organizations determine land prices”

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[58] www.thamdinhgia.org/uploads/4241/bao_cao_dinh_gia.doc

APPENDIX

Hanoi, date…month…year…

Valuation report (excerpt) 79

At the request of Mr. Nguyen Viet Chi. Address: No. 71 - Le Van Luong - Hanoi; Phone: 04.38888888

Regarding the valuation of Linh Chi Beer Shop No. 71 - Le Van Luong - Hanoi. This real estate includes both land use rights and construction works on the land.

1. Valuation purpose:

To use Mr. Nguyen Viet Chi as a basis for applying for a loan

2. Valuation time:

At present time (August 2009).

3. Valuation assets:

Linh Chi Beer Pub No. 71 - Le Van Luong - Hanoi. This real estate includes both land use rights and construction works on the land.

4. Basis for valuation:

4.1. Legal documents on valuation:

4.2. Legal documents on Land and Real Estate business: 4.3. Legal documents on Construction:

5. Current status of the appraised asset:

5.1. Legal characteristics: good, full ownership of land

- Certificate of land use rights No. 12/2002, dated August 15, 2002

- Construction permit number 345/2004, dated April 13, 2004

- Land use right certificate No. 45/2005, dated March 3, 2005

5.2. Economic and technical characteristics

5.2.1. Characteristics of land use rights

- Total area of ​​the campus: 20m x 20m = 400m 2 . On the land there is a construction with a total floor area: 200m 2 / floor x 3 floors, solidly built, long life.

79 Website Lookup: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&cad=rja&uact=8&ved=0

ahUKEwjKuYDh1MjMAhVHMaYKHRZ6CjUQFgguMAM&url=http%3A%2F%2Fwww.thamdinhgia.org

%2Fuploads%2F4241%2Fbao_cao_dinh_gia.doc&usg=AFQjCNH7zRgCLZrJmZCx5eaMDsXkgLER_w&si g2=bPtDqiU3Owsv1vlNCK9FkQ&bvm=bv.121421273,d.dGY

- Status: relatively complete technical infrastructure, convenient location, good social infrastructure (near BigC supermarket, University of Labor and Social Affairs, Transport Hospital, many entertainment areas...)

5.2.2 Construction works: Good construction works, used since 2005

6. Valuation basis: Market value basis.

7. Valuation principles:

- Principle of best and most effective use.

- Principle of supply and demand.

- Principle of anticipating future benefits

- Contribution principles

8. Valuation method :

- Comparison method.

- Subtraction method.

- Surplus method.

9. Assessment results.

Based on the documents provided by Mr. Nguyen Viet Chi, through surveying the location of the land, based on market analysis and the movements of potential buyers, with the appraisal method applied in the calculation, Vietnam Valuation and Financial Services Company announces the appraisal results of the real estate Linh Chi Beer Shop No. 71 - Le Van Luong - Hanoi as follows:...

Note:

- Valuation results are used only for the purposes mentioned.

- The validity period of the Valuation Report is 120 days from the date of issuance of the Valuation Report.

- Vietnam Valuation and Financial Services Company (VVFC) is only responsible for the number of documents (original and copies) issued by the Company. Any copies of documents without confirmation from VVFC or the State Notary are invalid.

- The customer is responsible for the accuracy of the information related to the appraised assets provided to VVFC during the asset appraisal process.

Appraiser