CIRCULAR

ON REGULATIONS FOR THE MANAGEMENT AND DEPRECIATION OF ROAD TRANSPORT INFRASTRUCTURE ASSETS, AND GUIDELINES FOR DECLARATION AND REPORTING ON ROAD TRANSPORT INFRASTRUCTURE ASSETS

Pursuant to the Law on Management and Use of Public Assets dated June 21, 2017;

Pursuant to Decree No. 44/2024/ND-CP dated April 24, 2024 of the Government on the management, use, and operation of road transport infrastructure assets;

Pursuant to Decree No. 14/2023/ND-CP dated April 20, 2023 of the Government on the functions, tasks, powers, and organizational structure of the Ministry of Finance;

At the request of the Director of the Public Asset Management Authority;

The Minister of Finance hereby issues a Circular on the management, depreciation of road transport infrastructure assets, and providing guidelines for the declaration and reporting on road transport infrastructure assets.

Chapter I

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Article 1. Scope

1. This Circular regulates the management and depreciation of road transport infrastructure assets classified as fixed assets and provides guidelines for the declaration and reporting of road transport infrastructure assets invested in and managed by the State.

2. This Circular does not apply to:

a) Road transport infrastructure assets specified in Clause 2, Article 1 of Decree No. 44/2024/ND-CP dated April 24, 2024 of the Government on the management, use, and operation of road transport infrastructure assets (hereinafter referred to as Decree No. 44/2024/ND-CP).

b) Determination of the lifespan of road transport infrastructure assets for the purposes of construction, upgrading, renovation, expansion, or maintenance projects related to road transport infrastructure assets.

c) Determination of the value of road transport infrastructure assets for: Pricing for the concession of asset-based tolling rights, leasing of the asset operating right, limited-term concession of asset operating right; disposal of road transport infrastructure assets; participation in public-private partnership (PPP) projects.

Article 2. Regulated entities

1. State road transport management authorities, including: The Ministry of Transport; People’s Committees of provinces or centrally affiliated cities (hereinafter referred to as Province-level People’s Committees).

2. Road management authorities, including: Central road management authorities; province-level road management authorities, district-level road management authorities commune-level road management authorities, as specified in clause 2, Article 2 of Decree No. 44/2024/ND-CP.

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4. Organizations and units directly responsible for accounting, managing, archiving records, declaring reports, and entering information into the database of road transport infrastructure assets, as specified in Clause 4, Article 2 of Decree No. 44/2024/ND-CP.

5. Other entities involved in the management, depreciation, declaration, and reporting of road transport infrastructure assets.

Chapter II

GENERAL PROVISIONS ON THE MANAGEMENT OF ROAD TRANSPORT INFRASTRUCTURE ASSETS

Article 3. Road transport infrastructure assets

Road transport infrastructure assets include the types of assets listed in Article 3 of Decree No. 44/2024/ND-CP.

Article 4. Criteria for determining road transport infrastructure assets as fixed assets

1. Determination of road transport infrastructure assets:

a) An asset that can be used independently is identified as a single asset.

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c) In cases where a system is allocated to multiple managing authorities, the portion of the asset allocated to each authority is identified as a separate asset.

2. Road transport infrastructure assets specified in Clause 1 of this Article are classified as fixed assets if they meet the following two criteria:

a) The asset has a useful life of at least one (1) year.

b) The original cost of the asset is at least 10,000,000 VND (ten million VND).

Article 5. Principles of management and responsibilities of management authorities of road transport infrastructure assets

1. Road transport infrastructure assets specified in Articles 3 and 4 of this Circular must have asset records prepared for strict physical and value-based management in accordance with regulations on the management and use of public property and other relevant laws. For compensated and cleared road safety corridor land, only physical monitoring is required, without accounting for the asset’s original cost, depreciation, or residual value under this Circular. The value indicators (original cost, depreciation, residual value) of the assets are expressed as whole numbers; if the calculation results in decimal values, they shall be rounded up by adding 1 to the integer part.

2. Each road transport infrastructure asset specified in Articles 3 and 4 of this Circular constitutes a separate accounting object.  Accounting for road transport infrastructure assets must comprehensively record and reflect information regarding the original cost, depreciation, and residual value of the assets.

3. For road transport infrastructure assets that are no longer needed but have not yet fully depreciated, the asset management authority must continue to manage, monitor, and maintain the asset in accordance with current regulations and calculate depreciation as prescribed in this Circular until the asset is disposed of under the law.

4. For road transport infrastructure assets that have been fully depreciated but are still in use, the asset management authority shall continue to manage, utilize, monitor, and maintain the assets in accordance with current regulations, without further depreciation.

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5. In case of concession of asset-based tolling right, leasing of the asset operating right related to the road transport infrastructure asset, the asset management authority shall continue to manage, monitor, and depreciate the asset in accordance with the provisions of this Circular during the period of such concession or lease.

6. In cases of limited-term concession of operating rights for road transport infrastructure assets, during the concession period, the asset management authority (transferor) shall:

a) be responsible for inspecting and supervising the transferee's compliance with legal obligations and the limited-term concession agreement of asset operating right.

b) do not calculate depreciation for the assets under this Circular but must continue to record the original asset cost on the accounting ledger at the time of concession and disclose it in the explanatory section of the financial statement as required by current accounting standards.

c) Upon expiration of the limited-term operating rights concession (including early termination of the agreement), the asset management authority must reclaim the assets as per the limited-term concession agreement of asset operating right and legal regulations; reassess the original cost and residual value of the assets as stipulated in Clause 5, Article 6, and Article 12 of this Circular, and resume management and depreciation as specified in Decree No. 44/2024/ND-CP and this Circular.

7. In cases where existing road transport infrastructure assets are used to participate in public-private partnership (PPP) projects, during the handover of the assets to the investor for project implementation, the asset management authority shall:

a) monitor and report on the assets used for the project while under the investor's control.

b) do not calculate depreciation for the assets under this Circular but must continue to record the original cost of the assets on the accounting ledger at the time of handover and disclose it in the explanatory section of the financial statement as required by current accounting standards.

c) when the investor transfers the assets back to the competent state authority, the asset management authority must reclaim the assets, reassess their residual value as stipulated in Clause 6, Article 6, and Article 12 of this Circular, and resume management and depreciation as specified in Decree No. 44/2024/ND-CP and this Circular.

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a) Prepare asset cards and account for all road transport infrastructure assets under their management in compliance with current accounting standards.

b) Conduct annual asset inventories and adjust accounting records if discrepancies arise during the inventory process.

c) Submit declarations and reports on the management, usage, and operation of road transport infrastructure assets as stipulated in Article 29 of Decree No. 44/2024/ND-CP and this Circular.

Chapter III

ORIGINAL COST, DEPRECIATION, AND RESIDUAL VALUE OF ROAD TRANSPORT INFRASTRUCTURE ASSETS

Article 6. Determination of the original cost of road transport infrastructure assets

1. For road transport infrastructure assets formed through procurement and brought into use from the effective date of Decree No. 44/2024/ND-CP, the original cost is determined using the following formula:

Original cost of road transport infrastructure assets procured = Invoice value – Trade discounts, price reductions, or seller penalties imposed on the seller (if applicable) + Transportation, loading, unloading costs; repair, renovation, or upgrade costs; installation, and trial operation costs + Taxes (excluding deductible, reimbursable, or refundable taxes); fees and charges as prescribed by law + Other costs (if applicable)

Where:

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b) Other costs (if any) refer to reasonable expenses directly related to the procurement of road transport infrastructure assets incurred by the agency up to the point the asset is put into use. If common costs incur for multiple road transport infrastructure assets, they must be allocated to each asset using appropriate criteria (e.g., quantity/length/area/invoice value of the road transport infrastructure assets incurring the common costs).

2. For road transport infrastructure assets formed through new construction investment and completed and brought into use from the effective date of Decree No. 44/2024/ND-CP, the original cost is determined as the final settlement value approved by the competent authority or person (hereinafter referred to as competent authority) in accordance with legal regulations. Specific provisions for certain cases are as follows:

a) In cases where road transport infrastructure assets have been put into use (due to completed construction investment) but have not yet received final settlement approval from the competent authority assigned to manage the road transport infrastructure assets must record the assets in the accounting books starting from the date of handover and use. The recorded original cost is a provisional cost. The provisional cost in this case should be determined in the following order of priority:

- Audited settlement value.

- Proposed settlement approval value.

- Value determined according to the A-B acceptance record.

- Total investment or project estimate value approved, or the most recently adjusted project estimate value (in cases of project estimate adjustments).

When the settlement is approved by the competent authority, the asset management authority shall adjust the provisional cost recorded in the accounting books to align with the approved settlement value, update the accounting records accordingly, and conduct asset accounting in compliance with the applicable regulations.

b) In cases where a project includes multiple components or assets (various accounting objects to be recorded in the accounting books), but no separate budget estimates or final settlements exist for each component or asset, the total settlement value approved by the competent authority must be allocated to each component or asset for accounting purposes using appropriate criteria (e.g., quantity/budget of each component or asset/proportional value based on the market value of the respective assets).

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c) For projects with multiple components or assets (various accounting objects to be recorded in the accounting books) that are invested and approved for acceptance individually, any component or asset that has completed construction, received acceptance, and been handed over for use must be recorded in the accounting books as of the handover date.

d) If the project’s settlement value requires adjustment based on recommendations or conclusions from competent authorities following inspections or audits, the asset management authority must adjust the original cost in compliance with those recommendations or conclusions.

d) For projects that include investments in assets other than road transport infrastructure assets (as defined in Article 3 of this Circular), the value of such investments must be excluded from the project's total settlement value when determining the original cost of road transport infrastructure assets.

3. For road transport infrastructure assets received by the asset management authority through assignment or transfer decisions by competent authorities after the effective date of Decree No. 44/2024/ND-CP (except for cases specified in point c of this clause), the original cost is determined using the following formula:

The original cost of road transport infrastructure assets assigned or transferred

=

The original cost recorded in the Handover and Acceptance Report

+

Transportation, loading and unloading costs, repair, renovation, upgrade costs, installation, and trial operation costs

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Fees and charges as prescribed by the law on fees and charges

+

Other costs (if any)

Where:

a) The original cost recorded in the Handover and Acceptance Report is determined as follows:

a1) For assets already recorded in the accounting books, the original cost recorded in the Handover and Acceptance Report is the original cost of the road transport infrastructure assets already tracked in the accounting books of the agency assigning or transferring the assets.

In cases where the assets have not been monitored or recorded in the accounting books, before submitting them to the competent authority for approval of assignment or transfer, the entity holding the assets is responsible for reassessing the asset value and the remaining depreciation period of the assets. Where:

- For assets assigned or transferred (as road transport infrastructure assets currently managed by the asset management authorities specified in Clause 3, Article 2 of this Circular) that have not been recorded in the accounting books, the reassessment must comply with the provisions outlined in a2, a3, and a4 of this clause.

- For assets assigned or transferred by entities other than the asset management authorities specified in Clause 3, Article 2 of this Circular, the reassessment must follow the legal regulations relevant to asset valuation for those entities. If no specific legal regulations apply, the reassessment should be conducted according to a2, a3, and a4 of this clause.

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a3) For road transport infrastructure assets not recorded in the accounting books and without documentation to determine the purchase price or construction cost as specified in a2, but with evidence to establish the time the asset was put into use and the new purchase price of a similar asset or the new construction cost of an asset with equivalent technical specifications, the original cost recorded in the Handover and Acceptance Report is determined using the following formula:

The original cost recorded in the Handover and Acceptance Report

=

Purchase price of a similar asset or the new construction cost of an asset with equivalent technical specifications at the time the asset was put into use

Where:

- Purchase price of a similar asset applies to assets other than buildings, construction works, or architectural structures. This is the market price of a new, similar asset at the time it was put into use.

- New construction cost of an asset with equivalent technical specifications applies to buildings, construction works, or architectural structures (including those formed through procurement). This cost is determined using the following formula:

New construction cost of the asset

=

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x

Area, volume, or other relevant criteria (if applicable)

+

Value of additional structural components associated with the building or structure (e.g., ceilings, flooring, or other specific components as regulated by the relevant ministry or local authority where the asset is located at the time of its use)

a4) For road transport infrastructure assets that have not been recorded in accounting books and lack the basis to determine their original cost according to the provisions of a1, a2, and a3, the asset management authority shall hire a valuation firm to appraise the asset's value as the basis for determining the original cost recorded in the Handover and Acceptance Report.

b) Other costs (if any) include reasonable expenses directly related to the acceptance of road transport infrastructure assets assigned or transferred. These costs, incurred by the receiving agency up to the time the asset is put into use, may include hiring a valuation firm to determine the asset's value.  If there are common costs for multiple assets, these should be allocated to each asset based on suitable criteria (e.g., quantity, length, area, asset value, or other relevant criteria (if any)).

c) For existing road transport infrastructure assets assigned to the asset management authority under Chapter II of Decree No. 44/2024/ND-CP, if the asset values have not been recorded in accounting books, the asset management authority shall, after acceptance, collaborate with the previous managing/temporary managing authority (assigning party) to determine the original cost and remaining value of the assets. This determination is based on the origin of the assets, related documentation, and the provisions of Points a, b, and d, Clause 3, Article 9 of Decree No. 44/2024/ND-CP, as well as Clauses 1 and 2 of this Article and Clause 2, Article 15 of this Circular.

4. For road transport infrastructure assets discovered in surplus during inventory checks, the original cost of the asset is determined based on its origin and the time it was put into use, following the provisions outlined in Clauses 1, 2, and 3 of this Article.

5. For road transport infrastructure assets received back by the asset management authority after the expiration of the limited-term concession of asset operating rights as stipulated in Point c, Clause 6, Article 5 of this Circular, the original cost is re-determined as follows: Re-determined original cost = Original cost recorded at the time of concession under the limited-term concession agreement of asset operating right + Value of upgrades or expansions according to projects approved by competent authorities/persons (including offsets for the value of dismantled asset components, if any); in which the additional value resulting from upgrades or expansions under the project approved by competent authorities is determined in accordance with the provisions at point a, clause 2 of this Article.

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Article 7. Cases of changes (adjustments) in the original cost of road transport infrastructure assets

1. Reassessment of the value of road transport infrastructure assets during inventory checks under decisions of competent authorities.

2. Implementation of upgrades and expansions of road transport infrastructure assets under a project approved by competent authorities (including cases where the project involves construction, upgrading, renovation, or expansion of other assets, but includes components related to existing road transport infrastructure assets, as well as cases where the project owner is not the asset management authority).

3. Dismantling one or more components of road transport infrastructure assets (in cases where the value of dismantled components is included in the original cost of the asset), except for dismantling performed for replacement during maintenance.

4. Installing one or more additional components of road transport infrastructure assets, except for installations made for replacement during maintenance.

5. Loss of a portion of or significant damage to road transport infrastructure assets caused by natural disasters, force majeure, or other unforeseen events, except for cases where the assets are repaired under road maintenance regulations or restored through insurance or compensation from related organizations or individuals.

Article 8. Determination of the original cost of road transport infrastructure assets in cases of changes to the original cost

In cases where changes to the original cost of road transport infrastructure assets arise as stipulated in Article 7 of this Circular, the asset management authority must prepare a record clearly stating the reason for the change and recalculate the asset's original cost. This recalculation serves as the basis for determining depreciation and residual value, adjusting accounting records, and ensuring proper management and depreciation of the assets under this Circular.

The recalculation of the original cost for each case specified in Article 7 is as follows:

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2. In the case specified in Clause 2, Article 7 of this Circular, the original cost of road transport infrastructure assets shall be recalculated as follows: Revised original cost of road transport infrastructure assets = Original cost currently recorded + Value added from upgrades or expansions of the road transport infrastructure assets approved by competent authorities.\text{Revised original cost of road transport infrastructure assets approved by competent authorities. In which, the additional value resulting from upgrades or expansions under the project as approved by competent authorities shall be determined in accordance with Clause 2, Article 6 of this Circular.

In cases where the project approved by competent authorities involves the construction, upgrading, renovation, or expansion of other assets but includes investment in existing road transport infrastructure assets, and where the project owner undertaking the upgrading, renovation, or expansion is not the asset management authority, the additional value resulting from upgrading, renovation, or expansion of road transport infrastructure assets shall be the portion of the investment in road transport infrastructure assets within the project settlement value as approved by competent authorities.

3. For cases where one or more components of road transport infrastructure assets are dismantled as specified in Clause 3, Article 7 of this Circular, the original cost of the road transport infrastructure assets shall be recalculated as follows: Revised original cost of road transport infrastructure assets = Original cost currently recorded - Value of the dismantled component(s) of road transport infrastructure assets + Reasonable direct costs incurred in the dismantling process, excluding the dismantling of components for replacement as part of maintenance works related to road transport infrastructure assets.

In which, the value of the dismantled component(s) of road transport infrastructure assets is determined as follows:

a) If records are available showing the purchase price, settlement value, or budgeted value of the dismantled component(s) of road transport infrastructure assets, the value of the dismantled component(s) shall be determined based on these records.

b) If no such records exist as stated in point (a) but the original cost of the road transport infrastructure assets can be allocated to the dismantled component(s) using appropriate criteria (e.g.,  quantity, volume, purchase price, budget, etc.) the value of the dismantled component(s) shall be determined based on the allocated value.

c) If neither records as stated in point (a) are available nor can the original cost of the road transport infrastructure assets be allocated to the dismantled component(s) as described in point (b), the value of the dismantled component(s) shall be determined as the market purchase price of similar components at the time the assets were initially utilized.

In cases where the market purchase price of the dismantled component(s) cannot be determined at the time of initial use, the asset management authority shall hire a valuation firm to assess the value of the dismantled component(s) as the basis for determining the revised original cost of the remaining road transport infrastructure assets.

4. In cases where one or more components are newly installed in road transport infrastructure assets as specified in Clause 4, Article 7 of this Circular, the original cost of the road transport infrastructure assets shall be recalculated as follows: Revised original cost of road transport infrastructure assets = Original cost currently recorded + Additional value of the newly installed component(s) of the road transport infrastructure assets + Reasonable direct costs incurred during the installation process, excluding the installation of components for maintenance purposes related to road transport infrastructure assets.

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5. For cases specified in Clause 5, Article 7 of this Circular, the asset management authority shall hire a valuation firm to reassess the remaining value and remaining depreciation period of the assets (including the cost of hiring the valuation firm for reassessment), in accordance with the provisions of Article 10 of this Circular concerning damaged assets. The reassessed values shall be recorded in a document detailing the changes to the original cost. The revised original cost of road transport infrastructure assets in this case shall be calculated as follows:

Original cost of road transport infrastructure asset

=

Reassessed residual value of the asset

x

Depreciation period of the asset as stipulated in Article 10 of this Circular (years)

Depreciation period remaining for the reassessed asset (years)

Article 9. Principles for depreciation of road transport infrastructure assets

1. Road transport infrastructure assets classified as fixed assets, as defined in Articles 3 and 4 of this Circular, and assigned to asset management authorities, must be depreciated according to the provisions of this Circular, except for the cases specified in Clause 2 of this Article.

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a) Road transport infrastructure assets that have not yet been fully depreciated but are damaged beyond repair.

b) Road transport infrastructure assets that have been fully depreciated but are still in use.

c) Road transport infrastructure assets during the period of limited-term concession of operating rights.

d) Road transport infrastructure assets involving compensated and cleared land within road safety corridors as specified in Article 3 of this Circular.

3. Depreciation of road transport infrastructure assets must be conducted annually in December, before the closing of accounting books.

4. For road transport infrastructure assets arising during the year: if the asset has been in use for six months or more, depreciation for a full year shall be applied; if the asset has been in use for less than six months, no depreciation shall be calculated for that year.

Article 10. List of assets, useful life for depreciation, and depreciation rates for road transport infrastructure assets

1. The list of assets, their useful life for depreciation, and the depreciation rates for road transport infrastructure assets (excluding depreciation periods for cases specified in Clauses 2, 3, and 4 of this Article) are as follows:

No.

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Useful life for depreciation (years)

Depreciation rate (%/year)

1

Roads and auxiliary structures attached to roads

40

2,5

2

Road bridges and auxiliary structures attached to bridges

40

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3

Road tunnels and auxiliary structures attached to tunnels

40

2,5

4

Road ferry terminals, pontoon bridges, and auxiliary structures attached to ferry terminals or pontoon bridges

4.1

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20

5

4.2

Management buildings at ferry terminals or pontoon bridges

Grade I buildings

80

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Grade II buildings

50

2

Grade III buildings

25

4

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15

6,67

4.3

Vehicles, equipment, and auxiliary structures attached to ferry terminals or pontoon bridges

The useful life and depreciation rate are determined according to Circular No. 23/2023/TT-BTC dated April 25, 2023, issued by the Minister of Finance.

5

Vehicle weight inspection stations

20

5

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Toll stations

6.1

Toll station infrastructure

20

5

6.2

Management buildings at toll stations

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Grade I buildings

80

1,25

Grade II buildings

50

2

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Grade III buildings

25

4

Grade IV buildings

15

6,67

6.3

Vehicles, equipment, and auxiliary structures at toll stations

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7

Bus terminals

25

4

8

Parking lots

25

4

9

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25

4

10

Rest stops

25

4

11

Material storage warehouses

20

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12

Intelligent Transportation System (ITS) centers and Traffic management and operation centers

12.1

Management buildings for IT infrastructure

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80

1,25

Grade II buildings

50

2

Grade III buildings

25

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Grade IV buildings

15

6,67

12.2

Auxiliary structures, machines, and equipment for ITS centers/Traffic management and operation centers

The useful life and depreciation rate are determined according to Circular No. 23/2023/TT-BTC dated April 25, 2023, issued by the Minister of Finance.

13

Traffic rescue and relief centers

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13.1

Facilities for traffic rescue and relief

Grade I buildings

80

1,25

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Grade II buildings

50

2

Grade III buildings

25

4

Grade IV buildings

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6,67

13.2

Vehicles, equipment, auxiliary structures for traffic rescue and relief centers

The useful life and depreciation rate are determined according to Circular No. 23/2023/TT-BTC dated April 25, 2023, issued by the Minister of Finance.

14

IT systems, machinery, and equipment for road asset management and traffic operation

The useful life and depreciation rate are determined according to Circular No. 23/2023/TT-BTC dated April 25, 2023, issued by the Minister of Finance.

15

Other road infrastructure works and equipment as per road traffic laws

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15.1

In cases where other structures and equipment are regulated under Circular No. 23/2023/TT-BTC dated April 25, 2023, issued by the Minister of Finance

The useful life and depreciation rate are determined according to Circular No. 23/2023/TT-BTC dated April 25, 2023, issued by the Minister of Finance.

15.2

In cases where other structures and equipment are not yet regulated under Circular No. 23/2023/TT-BTC dated April 25, 2023, issued by the Minister of Finance

10

10

2. For road transport infrastructure assets with adjusted original cost due to investment in upgrades or expansion as part of a project approved by the competent authority, as stipulated in Clause 2, Article 7 of this Circular, the depreciation period of the asset shall equal the depreciation period already accounted for prior to the cost adjustment plus (+) the remaining depreciation period of the asset after the upgrade or expansion.  The remaining depreciation period of the asset after the upgrade or expansion shall be determined using the following formula:

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3. For assets with adjusted original cost due to partial loss or significant damage caused by natural disasters, force majeure events, or other unexpected impacts as stipulated in Clause 5, Article 7 of this Circular, the depreciation period of the asset = the depreciation period already accounted for prior to the cost adjustment + the remaining depreciation period of the asset based on reassessment.

4. For assets with adjusted original cost as specified in Point a, Point d, Clause 2, Article 6, and Clauses 3 and 4, Article 7 of this Circular:

a) If the year of adjustment or change of original cost occurs before the end of the asset's prescribed depreciation period, the depreciation period shall extend until the year in which the remaining value of the asset as of December 31 of the preceding year is less than or equal to the annual depreciation value of the asset.

b) If the year of adjustment or change of original cost occurs after the asset's prescribed depreciation period has ended, an additional year shall be added to the depreciation period (the year of adjustment or change of original cost) to account for the increase or decrease in value due to the original cost adjustment or change.

Article 11. Method of calculating depreciation for road transport infrastructure assets

1. The annual depreciation amount for each road transport infrastructure asset is calculated using the following formula:

Annual depreciation amount of the asset

=

Original cost of the asset

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Depreciation rate (% per year)

Where:

a) The original cost of the road transport infrastructure asset is determined as stipulated in Articles 6 and 8 of this Circular.

b) The depreciation rate is specified in Clause 1, Article 10 of this Circular.

2. For road transport infrastructure assets assigned or transferred as stipulated in Clause 3, Article 6 of this Circular but not yet recorded in the accounting system, or assets identified as surplus during inventory as per Clause 4, Article 6 of this Circular, the annual depreciation amount for the asset starting from the first year recorded in the accounting system by the asset management authority is determined using the formula provided in Clause 1 of this Article.

For the first year recorded in the accounting system by the asset management authority (the year the asset is transferred/received or identified as surplus during inventory), the depreciation amount is calculated as follows:

Depreciation amount for the first year recorded in the accounting book = Annual depreciation amount of the asset determined using the formula specified in Clause 1 of this Article x (Depreciation period of assets of the same type as specified in Clause 1, Article 10 of this Circular (years) - Remaining depreciation period of the asset as specified or the remaining depreciation period of the asset after revaluation (years))

3. The cumulative depreciation amount for each road transport infrastructure asset is calculated using the following formula:

Cumulative depreciation amount until December 31 of year (n)

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Cumulative depreciation amount until December 31 of year (n-1)

+

Depreciation increase during year (n)

-

Depreciation decrease during year (n)

4. The depreciation amount for the final year of the depreciation period of the road transport infrastructure asset is determined as the difference between the original cost and the cumulative depreciation of the asset as calculated under Clause 3 of this Article.

Article 12. Residual value of road transport infrastructure assets

The residual value of road transport infrastructure assets for accounting purposes is determined as follows:

Residual value of the asset until December 31 of year (n)

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Original cost of the asset

-

Cumulative depreciation until December 31 of year (n)

For road transport infrastructure assets whose value has been reassessed as stipulated in Clause 6, Article 6, and Clause 5, Article 8 of this Circular, the residual value of the asset after reassessment is the residual value determined by the reassessment.

Chapter IV

DECLARATION AND REPORTING ON ROAD TRANSPORT INFRASTRUCTURE ASSETS

Article 13. Forms for initial declaration reports and supplementary declaration reports of road transport infrastructure assets

The forms for declaration reports on road transport infrastructure assets, as stipulated in Clause 2, Article 29 of Decree No. 44/2024/ND-CP, are specified as follows:

1. Initial declaration report: use Form No. 01A, as specified in the Appendix issued with this Circular, for:

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Road transport infrastructure assets arising after Decree No. 44/2024/ND-CP comes into force.

2. Supplementary declaration report: use Form No. 01B and Form No. 01C, as specified in the Appendix issued with this Circular, in cases of changes in information about the asset managing authority or the road transport infrastructure assets that were initially declared.

Article 14. Forms for reports on the management, use, and operation of road transport infrastructure assets

The forms for reports on the management, use, and operation of road transport infrastructure assets, as stipulated in Clause 5, Article 29 of Decree No. 44/2024/ND-CP, are specified as follows:

1. Report on the operation status of road transport infrastructure assets by each method: use Form No. 01D, as specified in the Appendix issued with this Circular, for operation methods defined in Articles 13, 14, 15, and 16 of Decree No. 44/2024/ND-CP.

2. Comprehensive report on the management and use of road transport infrastructure assets: use Form No. 02A, as specified in the Appendix issued with this Circular.

3. Comprehensive report on the operation of road transport infrastructure assets: use Form No. 02B, as specified in the Appendix issued with this Circular.

Chapter V

IMPLEMENTATION

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1. For road transport infrastructure assets existing before Decree No. 44/2024/ND-CP come into effect, which had their values determined and recorded in accounting books under Decree No. 10/2013/ND-CP dated January 11, 2013, Decree No. 33/2019/ND-CP dated April 23, 2019, and relevant Circulars issued by the Ministry of Finance, the recorded values shall continue to be used in accounting.

2. For road transport infrastructure assets existing before Decree No. 44/2024/ND-CP come into effect but without determined values for accounting purposes under Decree No. 10/2013/ND-CP, Decree No. 33/2019/ND-CP, and relevant Circulars issued by the Ministry of Finance, asset valuation shall be carried out in accordance with Clause 1, Article 5, and Clause 4, Article 8 of Circular No. 35/2022/TT-BTC dated June 16, 2022, which governs the management and depreciation of fixed road transport infrastructure assets.

3. For road transport infrastructure assets recorded in the accounting books of managing authorities before this Circular takes effect, if the depreciation period or rate specified in Clause 1, Article 10 of this Circular differs from that in Appendix No. 01 and Appendix No. 03 of Circular No. 35/2022/TT-BTC, the annual depreciation amount from the financial year 2024 onwards shall be calculated as follows:

Annual depreciation amount of the asset

=

Residual value of the asset until December 31, 2023, recorded in the accounting books

Remaining depreciation period of the asset (years)

Where:

Remaining depreciation period of the asset (years)

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Depreciation period of similar assets as stipulated (years)

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Time the asset has been in use (years)

The depreciation period for similar assets is determined based on the provisions in Clause 1, Article 10 of this Circular.

For the final year of the depreciation period, the annual depreciation amount is calculated as the difference between the original cost and the accumulated depreciation of the asset.

If the asset has exceeded its depreciation period as per regulations but still has a remaining value, the depreciation amount for 2024 will equal the remaining value of the asset as of December 31, 2023.

Article 16. Entry into force and responsibilities for enforcement

1. This Circular comes into force as of December 15, 2024, and is applicable from the financial year 2024.

2. This Circular supersedes Circular No. 35/2022/TT-BTC dated June 16, 2022 of the Minister of Finance, which governs the management and depreciation of fixed road transport infrastructure assets.

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4. The Ministry of Transport and the People’s Committees of provinces shall direct and organize the implementation of management, depreciation, declaration, and reporting on road transport infrastructure assets as prescribed in this Circular./.

PP. MINISTER
DEPUTY MINISTER




Bui Van Khang

Thông tư 74/2024/TT-BTC quy định chế độ quản lý, tính hao mòn tài sản kết cấu hạ tầng giao thông đường bộ và hướng dẫn việc kê khai, báo cáo về tài sản kết cấu hạ tầng giao thông đường bộ do Bộ trưởng Bộ Tài chính ban hành