Ho Chi Minh City, April 23, 2009, Savills Vietnam has been accepted as an Associate Member of the Vietnamese Valuation Association (VVA).
According to document 25/QD-CTHTDGVN signed by Dr. Nguyen Ngoc Tuan, President of VVA and former Vice Minister of Finance, Savills Vietnam Limited has been officially accepted by the Vietnamese Valuation Association. Effective from March 31, 2009 Savills Vietnam is an Associate member of VVA.
Vietnamese Valuation Association (VVA) is a non-governmental organization, established under Decision No. 138/2005/QĐ-BNV dated December 26, 2005 by the Minister of Home Affairs upon agreement with the Minister of Finance. Goal and objectives of the VVA is to help members to improve the efficiency of valuation performance, creating favourable conditions for mutual understanding and building cooperative relationships. In addition, the VVA on behalf of its members will make proposals to concerned authorities in the creation of legal regulations relating to valuation activities as well as promote professional training and international cooperation in the field of valuation.
VAA is a member of the World Appraisal & Valuation Organization (WAVO), International Valuation Standards Committee (IVSC) and ASEAN Valuation Association (AVA).
Neil MacGregor, Deputy Managing Director of Savills Vietnam, said, "Joining VVA will help us to further develop our professional consultancy services in Vietnam and maintain our leading position in this challenging market. We are looking forward to collaborating with VVA in their workshops, training and conferences on real estate valuation in Vietnam".
With Savills’ long term commitment to the development of professional skills in Vietnam, this association with VVA will help further improve the quality of the valuation profession to meet with international standards.