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THE
MINISTRY OF FINANCE OF VIETNAM
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THE
SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
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No.:
70/2026/TT-BTC
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Hanoi,
June 23, 2026
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CIRCULAR
ON
REGULATIONS FOR THE MANAGEMENT AND DEPRECIATION OF ROAD INFRASTRUCTURE ASSETS,
AND GUIDELINES FOR DECLARATION AND REPORTING ON ROAD INFRASTRUCTURE ASSETS
Pursuant to the Law on
Management and Use of Public Assets No. 15/2017/QH14 amended by Law No.
64/2020/QH14, Law No. 07/2022/QH15, Law No. 24/2023/QH15, Law No. 31/2024/QH15,
Law No. 43/2024/QH15, Law No. 56/2024/QH15, and Law No. 90/2025/QH15;
Pursuant to Decree No.
44/2024/ND-CP dated April 24, 2024 of the Government on the management, use,
and operation of road infrastructure assets, amended by Decree No.
99/2026/ND-CP dated March 31, 2026 of the Government;
Pursuant to Decree No.
29/2025/ND-CP dated February 24, 2025 of the Government, regulating the
functions, tasks, powers, and organizational structure of the Ministry of
Finance amended by Decree No. 166/2025/ND-CP dated June 30, 2025 of the
Government;
At the request of Director
General of Public Asset Management Authority;
The Minister of Finance hereby
issues a Circular on regulations for the management and depreciation of road
infrastructure assets, and guidelines for declaration and reporting on road
infrastructure assets.
Chapter I
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Article 1. Scope
1. This Circular provides for the
management and depreciation of road infrastructure assets classified as fixed
assets and guidelines for the declaration and reporting of road infrastructure
assets invested in and managed by the State.
2. This Circular does not apply to:
a) Road infrastructure assets
specified in Clause 2 of Article 1 of Decree No. 44/2024/ND-CP dated April 24,
2024 of the Government on the management, use, and operation of road
infrastructure assets (hereinafter referred to as Decree No. 44/2024/ND-CP).
b) Determination of the lifespan of
road infrastructure assets for the purposes of construction, upgrading,
renovation, expansion, or maintenance projects related to road infrastructure
assets.
c) Determination of the value of road
infrastructure assets for determining the starting price for the concession of
asset-based tolling rights, leasing of the asset operating right, limited-term
concession of asset operating right.
d) Determination of the value of road
infrastructure assets for determining the value of state capital invested in
enterprises in cases hiring valuation service and determining the sale price of
assets specified in Article 26, Clause 4 of Article 32 of Decree No.
44/2024/ND-CP amended by Article 17, Article 21 of Decree No. 99/2026/ND-CP
dated March 31, 2026 of the Government (hereinafter referred to as Decree No.
99/2026/ND-CP).
d) Road infrastructure assets that
do not meet the criteria to be considered fixed assets as specified in Article
4 of this Circular. The monitoring of assets that do not meet the criteria to
be considered fixed assets shall be carried out in accordance with the laws on
accounting and other relevant laws.
Article 2. Regulated entities
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2. The road authorities specified
in Clause 2 of Article 2 of Decree No. 44/2024/ND-CP amended by Article 1 of
Decree No. 99/2026/ND-CP, including: Central, provincial and commune-level road
authorities.
3. The agencies and units assigned
to manage road infrastructure assets (hereinafter referred to as asset
management agencies and units) specified in Clause 3, Article 2 of Decree No.
44/2024/ND-CP amended by Article 1 of Decree No. 99/2026/ND-CP, including: Central,
provincial and commune-level asset management agencies and units.
4. Organizations and units directly
responsible for responsible for accounting, managing, archiving records,
declaring reports, and entering information into the database of road
infrastructure assets and other matters as delegated/authorized/assigned by
road authorities as specified in Clause 4 of Article 2 of Decree No.
44/2024/ND-CP amended by Clause 5 of Article 22 of Decree No. 99/2026/ND-CP.
5. Other entities involved in the
management, depreciation, declaration, and reporting of road infrastructure
assets.
Article 3. Regulations on road
infrastructure assets
The road infrastructure assets that
have their original costs, residual value, or depreciation determined under
this Circular are the types of assets specified in Article 3 of Decree No.
44/2024/ND-CP and elaborated in Clause 1 of Article 10 of this Circular.
For compensated and cleared road
safety corridor land specified in point n of clause 1 of Article 3 of Decree
No. 44/2024/ND-CP, only physical monitoring is required without accounting for
the asset’s original cost, residual value, or depreciation under this Circular.
The assets management agency/unit shall monitor the assets in the explanatory
section of financial statements according to the applicable accounting laws.
Chapter II
REGULATIONS ON THE MANAGEMENT OF ROAD INFRASTRUCTURE
ASSETS DETERMINED AS FIXED ASSETS
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Article 4. Criteria for road
infrastructure assets determined as fixed assets
1. Determination of road
infrastructure assets specified in Article 3 of this Circular (excluding the
portion of compensated and cleared road safety corridor land):
a) An asset with an independent
structure is determined to be one asset.
b) A system comprising multiple
individual asset components linked together to jointly perform one or more
specific functions, such that the absence of any one component would render the
entire system inoperable, is determined to be one asset.
c) A system comprising multiple
types of individual assets linked together to jointly perform one or more
specific functions, in which each individual type of asset has a different
lifespan for calculating depreciation, shall have each such individual type of
asset determined as a separate asset; alternatively, the system may be
determined according to one main type of asset in accordance with Clauses 1 and
5 of Article 10 of this Circular.
d) If a system is assigned to
multiple agencies/units for management, the portion of the asset assigned to
each agency/unit is determined to be one asset.
2. A road infrastructure asset
specified in Clause 1 of this Article is determined to be a fixed asset when it
simultaneously satisfies both of the following criteria:
a) It has a lifespan for calculating
depreciation of 01 (one) year or more;
b) It has an original cost of VND
30.000.000 (thirty million dong) or more.
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1. Road 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 laws on the
management and use of public assets and other relevant laws. The 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 in accordance with the regulations on the use of abbreviated currency
under accounting laws.
2. Each road infrastructure asset
prescribed in Articles 3 and 4 of this Circular shall be a separate accounting
element. The accounting book of road infrastructure assets shall reflect and
record adequate information on the assets' original costs, depreciation, and
residual value in accordance with accounting laws.
3. If a road infrastructure asset
is no longer in use but is not fully depreciated as prescribed, its managing
agency/unit shall continue to manage, monitor, and preserve it under applicable
regulations and depreciate it according to this Circular until it is disposed
of as prescribed.
4. If a road infrastructure asset
has been fully depreciated but is still in use, its managing agency/unit shall
continue to manage, use, monitor, and preserve it under applicable regulations
without further depreciation.
If a road infrastructure asset has
been fully depreciated but has its original cost changed according to Article 7
of this Circular, it must be depreciated as prescribed for the remaining useful
time (if any) after the original cost is changed.
5. In case of transfer of the right
to collect use fees or leasing of rights to operate road infrastructure assets,
asset management agencies/units shall continue to manage, monitor, and
depreciate such assets according to this Circular during the lease/transfer
period.
6. In case of fixed-term transfer
of rights to operate road infrastructure assets, during the transfer period,
asset management agencies/units (transferors) shall:
a) Inspect and supervise
transferees’ fulfillment of their obligations according to the laws and
contracts for the fixed-term transfer of asset operation rights.
b) Not depreciate these assets
according to this Circular and continue to monitor the original costs of assets
recorded at the time of the transfer in accounting logs and monitored in the
explanatory section of financial statements according to applicable accounting
laws.
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7. If part of a road infrastructure
asset is used for combined operation or for a purpose specified in Clause 3 of
Article 6 of Decree No. 99/2026/ND-CP, the asset management agency/unit (the
party holding the road infrastructure asset) shall continue to manage, monitor,
and depreciate such asset in accordance with this Circular.
8. In case of use of existing road
infrastructure assets for participation in public-private partnership
investment projects, during the handover of assets to investors for
implementation of projects, asset management agencies/units shall:
a) Monitor and prepare reports on
the asset part permissible to be used for participation in projects during the
handover to investors for implementation of projects.
b) Not depreciate these assets
according to this Circular and continue to monitor the original costs of assets
recorded at the time of the handover to investors for implementation of
projects and monitored in the explanatory section of financial statements
according to applicable accounting laws.
c) When investors transfer the
assets to competent state authorities, asset management agencies/units shall
receive the assets as prescribed and re-determine the residual value of the
assets according to Clause 6 of Article 6, and Article 12 of this Circular for
management and depreciation according to the Decree No. 44/2024/ND-CP, amended
by Decree No. 99/2026/ND-CP, and this Circular..
9. The use of valuation
certificates and valuation reports from valuation enterprises as prescribed in
this Circular shall be carried out in accordance with the laws on prices and
other relevant laws.
The cost of hiring a valuation
enterprise as prescribed in Articles 6, 8, and 12 of this Circular shall be
allocated from the state budget in accordance with the laws on the state budget
and shall be included in the original cost of the asset.
10. Asset management agencies and
units shall:
a) Do accounting for all assigned
road infrastructure assets according to applicable accounting regulations;
prepare reports on increase, decrease, and depreciation of road infrastructure
assets according to the law; ensure that road infrastructure asset data
included in accounting logs is consistent with the reported data on the
national public asset database. If such data are different, they must be
accurately updated accordingly.
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c) Prepare declaration reports and
reports on management, use, and operation of road infrastructure assets
according to Article 45 of the Decree No. 44/2024/ND-CP, amended by Decree No.
99/2026/ND-CP, and this Circular.
11. Organizations and units
specified in Clause 4, Article 2 of this Circular shall perform accounting,
record management, record archiving, report, and enter information into the
database on road infrastructure assets and other matters as
delegated/authorized/assigned by road authorities as specified in Clause 4 of
Article 2 of Decree No. 44/2024/ND-CP amended by Clause 5 of Article 22 of
Decree No. 99/2026/ND-CP.
Section II. ORIGINAL
COSTS, DEPRECIATION, AND RESIDUAL VALUE OF ROAD INFRASTRUCTURE ASSETS
Article 6. Determination of
original costs of road infrastructure assets
1. Any road infrastructure asset
generated from procurement and put into use from the effective date of the
Decree No. 44/2024/ND-CP shall have its original cost determined according to
the following formula:
Original cost of the road
infrastructure asset generated from procurement = (Value on the invoice - Trade
discounts, rebates, or seller fines (if any)) + (Transport, loading and
unloading, installation, and testing costs - Recoveries from products and scrap
materials resulting from testing) + Taxes (excluding deductible and refundable
taxes); fees and charges according to the law on fees and charges (if any) +
Other costs (if any)
Where:
a) Trade discounts, rebates, or
seller fines (if any) deducted from the value on the invoice may only be
applied if such value includes trade discounts, rebates, or seller fines.
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2. The original cost of any road
infrastructure asset generated from construction and put into use from the
effective date of the Decree No. 44/2024/ND-CP is the finalization value
approved by competent authorities/persons according to the law. Special cases:
a) If road infrastructure assets
are in use (due to completion of the construction investment), but no statement
is approved by competent authorities or persons, asset management agency/unit
shall conduct the recording of the asset accounting logs from the date of
handover for putting the assets into use. The original costs recorded in the
accounting logs are the provisional original costs. The provisional original
costs in this case shall be selected by the following order of priority:
Statement verification value;
Value applied for approval of
statement.
Cost statement between investors
and contractors (A-B settlement);
Value of total investment or value
of project estimate approved or adjusted recently (in case the project estimate
is adjusted).
When using a provisional original
cost to record accounting logs, if the value of the procurement or investment
as determined by the statement appraisal/request, in accordance with A-B
settlement or total investment, project estimate is the common value for
multiple assets or asset items (i.e., not separated out by each individual
asset or asset item), the provisional original cost of each individual asset or
asset item shall be allocated according to an appropriate criterion
(quantity/specific estimate/proportion based on the market value of the
corresponding asset, etc.); if the A-B settlement is used as the basis for
determining the provisional original cost, the value determined in the most
recent calculation sheet shall be used (for a single item), or the total value
of all calculation sheets shall be used (for multiple items).
When competent authorities or
persons approve the statement, asset management agencies/units shall adjust the
provisional original costs on accounting logs based on the approved finalization
value for adjustments to accounting logs and implementation of asset accounting
as prescribed.
b) If projects include multiple
different items and/or assets (multiple accounting elements) without separate
estimates and/or statement for each item and/or asset, the finalization value
approved by competent authorities or persons shall be allocated to each item
and/or asset for recording accounting logs on the basis appropriate criteria
(quantity/specific estimate/proportion based on the market value of the
corresponding asset, etc.).
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c) If projects include multiple
different items and/or assets (multiple accounting elements) subject to
investment and/or acceptance by each item and/or asset, items and/or assets
that have been constructed or undergone acceptance for being put into use shall
be recorded in accounting logs from the date of handover for being put into
use. The original costs recorded in accounting log shall be the provisional
original costs prescribed in point a of this clause.
When the project settlement is
approved by competent authorities or persons, asset management enterprises
shall allocate the settlement value approved by competent authorities or
persons to each item and/or asset to record or adjust the accounting log
(quantity/specific estimate/proportion based on the market value of the
corresponding asset, etc.).
d) If the project finalization
value requires adjustments according to suggestions or conclusions provided by
competent authorities after inspection, audit, and/or investigation, asset
management agencies/units shall adjust the original costs according to the
mentioned suggestions or conclusions.
dd) If projects have contents
concerning investment in other assets (not road infrastructure assets
prescribed in Article 3 of Article 4 of this Circular), the value of investment
in other assets shall be excluded from the project finalization value when
determining the original costs of assets.
3. Any road infrastructure asset
received by asset management authorities under assignment or transfer decisions
issued by competent authorities or persons from the effective date of the
Decree No. 44/2024/ND-CP (excluding the cases prescribed in point c of this
clause) shall have its original cost determined according to the following
formula:
Original
cost of the assigned or transferred road infrastructure asset
=
Original
cost in the asset handover/receipt record
+
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-
Recoveries
from products and scrap materials resulting from testing
+
Fees
and charges according to the law on fees and charges (if any)
+
Other
costs (if any)
Where:
a) The original cost in the asset
handover/receipt record shall be determined as follows:
a1) The original cost in the asset
handover/receipt record of any asset monitored and recorded in the accounting
log is the original cost of the road infrastructure asset monitored and recorded
in the accounting log of the agencies/units that has the assigned or
transferred asset. Where the asset is yet to be monitored and/or recorded in
the accounting log before requesting the competent authority or person to
decide the asset assignment or transfer, the asset management agency/unit shall
re-assess its value and remaining useful life. To be specific:
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If the assigned or transferred
asset is managed by an entity that is not an asset management agency/unit
according to clause 3 Article 2 of this Circular, the re-assessment of the
asset value shall comply with the laws relevant to asset value re-assessment by
such entity. Where the relevant laws does not provide for the reassessment,
regulations in points a2, a3, and a4 of this clause shall apply.
a2) Any road infrastructure asset
that is yet to be monitored and recorded in the accounting log with a document
determining the purchase price or the construction price, and the time for
putting such asset into use shall have its original cost in the asset
handover/receipt record determined under clauses 1 and 2 of this Article.
a3) In case a road infrastructure
asset is yet to be monitored and recorded in the accounting log and does not
have any document determining the purchase price or construction price
according to point a2 of this clause but there are grounds to determine the
time for putting such asset into use and the purchase price of new assets of
the same type, or the construction price of new assets with similar technical
standards at the time of putting the asset into use, the original cost in the
asset handover/receipt record shall be determined according to the following
formula:
Original
cost in the asset handover/receipt record
=
Purchase
price of new assets of the same type or construction price of new assets with
similar technical standards at the time of putting the asset into use
Where:
- The price of new assets of the
same type applicable to assets that are not houses, construction works, or
architectural items shall be the price of new assets of the same type sold on
the market when the asset is put into use.
- The construction price of new
assets with similar technical standards applicable to assets that are houses,
construction works, or architectural items (including houses, construction
works, and architectural items generated from procurement) shall be determined
according to the following formula:
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=
Unit
price of the construction of new assets with similar technical standards
issued by relevant Ministries (or following specific regulations issued by
administrative divisions where the asset is located), applicable when the
asset is put into use
x
Construction
area and volume/quantity/other criteria (if any) of the asset
+
Value
of other structures associated with works/work items (including ceiling,
floor/other criteria (if any)) determined under the regulations issued by
relevant Ministries (or specific regulations issued by administrative
divisions where the asset is located) when the asset is put into use
a4) In case a road infrastructure
asset is yet to be monitored and recorded in the accounting log and does not
have any document determining the original price according to points a1, a2,
and a3 of this clause the asset management agency/unit shall hire a valuation
enterprise to determine the original price recorded in the asset
handover/receipt record according to the following formula:
Original
cost of road infrastructure assets
=
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x
useful
time for depreciation of the asset according to the Article 10 of this
Circular (year)
+
Cost
of hiring a valuation enterprise
Remaining
useful life for depreciation of the asset (year)
b) Other costs (if any) refer to
reasonable costs directly concerning the receipt of the assigned or transferred
road infrastructure asset that the enterprise receiving such asset has paid up
until the asset is put into use. Where there are general costs for multiple
road infrastructure assets, the costs shall be allocated to each asset on the
basis of appropriate criteria (quantity/amount/length/area/value of the assets
with incurred general costs/other criteria (if any)).
c) Regarding any existing road
infrastructure asset assigned to the asset management enterprise according to
Chapter II of the Decree No. 44/2024/ND-CP, amended by Decree No.
99/2026/ND-CP, whose value is yet to be monitored on the accounting log, after
the receipt, the asset management agency/unit shall cooperate with the entity
currently/temporarily managing the asset before the assignment as prescribed in
Clause 1 of Article 7 of Decree No. 44/2024/ND-CP, amended by Decree No.
99/2026/ND-CP (assigning party), in, based on the origin of the asset and
relevant documents, determining the original cost and residual value of the
asset according to respective regulations prescribed in points a, b and d of
clause 3 of Article 9 of Decree No. 44/2024/ND-CP, Clause 1, Clause 2 of this
Article and Clause 2 of Article 15 of this Circular.
4. Depending on the origin and time
of use, the original cost of a road infrastructure asset considered excessive
during its use for inventory shall be determined according to clauses 1, 2, and
3 of this Article.
5. Regarding any road
infrastructure asset received by the asset management agency/unit after the
term of the fixed-term transfer of asset operation rights according to point c
of clause 6 of Article 5 of this Circular expires, the original cost of such
the mentioned asset shall be re-determined according to the following formula:
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=
The
recorded original cost at the time of the transfer according to the contract
for the fixed-term transfer of asset operation rights
+
The
investment in the upgrade, renovation and expansion according to the project
approved by a competent authority or person (including clearing of the value
of the dismantled asset parts (if any))
Where: the increased value due to
investment in the upgrade and/or expansion according to the project approved by
the competent authority or person shall be determined according to point a
clause 2 of this Article.
6. Regarding a road infrastructure
asset received by the asset management agency/unit after the period for
participation in a public-private partnership investment project prescribed in
point c clause 8 Article 5 of this Circular expires, its original cost shall be
the value of the asset invested in the form of public-private partnership
according to the Government’s regulations on authority and procedures for
establishment of all-people ownership and disposition of property under
all-people owners.
In case the property does not have
to establish all-people ownership, the property management agency or unit will
hire a valuation enterprise to re-assess the residual value of the property.
Original
cost of received road infrastructure assets
=
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x
useful
time for depreciation of the asset according to the Article 10 of this
Circular (year)
+
Cost
of hiring a valuation enterprise
Remaining
useful life for depreciation of the asset according to the re-assessment
(year)
Article 8. Cases of changes (adjustments)
to original costs of road infrastructure assets
1. Reassessment of the value of
road infrastructure assets when carrying out the inventory according to
decisions issued by the Prime Minister.
2. Investment in upgrade and/or
expansion of road infrastructure assets according to projects approved by
competent authorities or persons (including cases of projects on investment in
construction, upgrade, and/or expansion of other assets containing investment
in existing road infrastructure assets and cases where owners in projects on
investment in upgrade and/or expansion of assets are not asset management
agencies/units).
3. Dismantlement of one of several
parts of road infrastructure assets (in case where the value of the asset parts
to be dismantled is recorded in the asset's original cost), excluding cases of
dismantlement for replacement while maintaining works.
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5. Missing part of or severe damage
to road infrastructure assets due to natural disasters, force majeure, or other
irregular impacts, except for cases where the assets have their issues remedied
according to the laws on road maintenance or are restored through insurance or
compensation from relevant organizations and individuals.
Article 9. Determination of
original costs of road infrastructure assets in case of changes to original
costs
Upon changes to the original costs
of road infrastructure assets in the cases prescribed in Article 8 of this
Circular, asset management agencies/units shall prepare records specifying the
reasons (cases) for changes to the original costs while re-determining the
original cost targets of road infrastructure assets for use as the grounds for
determination of the depreciation and residual value of the assets to revise
the accounting logs and conduct management and depreciation according to this
Circular.
The redetermination of the original
costs of road infrastructure assets for cases of changes to the original costs
prescribed in Article 7 of this Circular shall be carried out as follows:
1. Regarding the case prescribed in
clause 1 of Article 7 of this Circular, the original cost of the road
infrastructure asset shall be re-determined according to guidelines given by
the competent authority or person for asset inventory and re-assessment.
2. Regarding the case prescribed in
clause 2 Article 8 of this Circular, the original cost of the road
infrastructure asset shall be determined by the original cost that is being
recorded plus the increased value due to investment in upgrade and/or expansion
of the road infrastructure asset approved by the competent authority or person.
Where: the increased value due upgrade and/or expansion according to the
project approved by the competent authority or person shall be determined
according to point a clause 2 of Article 6 of this Circular. The project owner
shall hand over complete documents and information on asset value and make
timely statement according to the law.
Where the project approved by the
competent authority or person for investment in construction, upgrade, and/or
expansion of other assets contains investment in an existing road
infrastructure asset and the owner of the project on investment in upgrade,
and/or expansion of assets is not an asset management agency/unit, the
increased value due to upgrade, and/or expansion of the road infrastructure
asset is the investment in the road infrastructure included in the finalization
value of the project approved by the competent authority or person.
3. In case of dismantlement of one
or more road infrastructure asset parts according to clause 3 Article 7 of this
Circular, the original cost of the road infrastructure asset shall be re-determined
by the original cost that is being recorded minus the value of the dismantled
road infrastructure asset part plus the reasonable cost relevant to the
dismantlement paid by the asset management agency/unit by the completion of the
dismantlement.
Where: the value of the dismantled
road infrastructure asset part shall be determined as follows:
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b) Where there are no documents
prescribed in point a of this Clause, but it is possible to allocate the
original cost of the road infrastructure asset to the dismantled asset part
according to appropriate criteria (quantity, amount, purchase price, estimate,
etc.), the value of the dismantled road infrastructure asset part shall be
determined according to the allocated value.
c) If there are no documents
prescribed in point a of this clause and it is impossible to allocate the
original cost of the road infrastructure asset to the dismantled asset
according to point b of this Clause, the value of the dismantled asset part
shall be determined as the new purchase price of such part on the market at the
time of putting the asset into use.
Where it is impossible to determine
the new purchase price of the dismantled road infrastructure asset part on the
market at the time of putting the asset into use, the asset management
agency/unit shall hire a valuation enterprise according to the laws on prices
to determine the value of the dismantled road infrastructure asset part to
serve as the ground for determining the original cost of the asset after the
dismantlement.
4. In case of installation of one
or more road infrastructure asset parts according to clause 4 Article 7 of this
Circular, the original cost of the road infrastructure asset shall be
re-determined by the original cost that is being recorded plus the increased
value due to the installation of one or more road infrastructure asset parts
plus the reasonable cost relevant to the installation paid by the asset
management agency/unit by the completion of the installation.
Where: the increased value due to
the installation of one or more road infrastructure asset parts is the
corresponding value of the installed road infrastructure asset part determined
according to the respective cases prescribed in Article 6 of this Circular.
5. Regarding the case prescribed in
clause 5 Article 7 of this Circular, the asset management agency/unit shall
hire a valuation enterprise to re-assess the residual value and the remaining
useful life for depreciation of the asset in conformity with Article 10 of this
Circular (for damaged assets) for inclusion in the record of the determination
of changes to the original cost. The original cost of the road infrastructure
asset in this case shall be determined as follows:
Original
cost of road infrastructure assets
=
Residual
value of the asset according to the re-assessment
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useful
time for depreciation of the asset according to the Article 10 of this
Circular (year)
+
Cost
of hiring a valuation enterprise
Remaining
useful life for depreciation of the asset according to the re-assessment
(year)
1. Road infrastructure assets that
are determined as fixed assets according to Articles 3, 4 and 5 of this
Circular and assigned to asset management agencies/units shall undergo
depreciation according to this Circular, except for the cases prescribed in
clause 2 of this Article.
2. Asset management agencies and
units are not required to depreciate:
a) Road infrastructure assets that
are not fully depreciated but damaged to the point of being unrepairable.
b) Road infrastructure assets that
are fully depreciated but still usable.
c) Road infrastructure assets that
are currently subject to fixed-term transfer of operation rights according to
Clause 6 of Article 5 of this Circular.
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dd) Road infrastructure assets that
are a part of road safety corridor land and has been compensated and cleared as
prescribed in Article 3 of this Circular.
3. Depreciation of road
infrastructure assets shall be carried out once a year in December 31, before
the cut-off date of the accounting logs.
4. For road infrastructure assets
that an agency or unit receives from another agency, organization, unit or
enterprise according to the decision of a competent authority or person during
the year, the depreciation calculation in that year shall be carried out at the
agency or unit receiving the asset.
Article 10. List of road
infrastructure assets and useful time for depreciation and depreciation
percentage
1. The list of road infrastructure
assets, useful time for depreciation, and depreciation percentage (excluding
the useful time for depreciation of assets for the cases prescribed in clauses
2, 3, and 4 of this Article and excluding cases specified in Clauses 5 and 6 of
this Article) are prescribed as follows:
NO.
List
of road infrastructure assets
Useful
life for depreciation (years)
Depreciation
percentage (%/year)
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Roads and auxiliary works
attached to roads
40
2,5
2
Road bridges and auxiliary works
attached to road bridges
40
2,5
3
Road tunnels and auxiliary works
attached to road tunnels
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2,5
4
Road ferry terminals, pontoon
bridges, and auxiliary works attached to ferry terminals or pontoon bridges
4.1
Infrastructure of road ferry
terminals or pontoon bridges
20
5
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Management buildings at ferry
terminals or pontoon bridges
Grade I buildings
80
1,25
Grade II buildings
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2
Grade III buildings
25
4
Grade IV buildings
15
6,67
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Vehicles, equipment, and
architectural items attached to works serving the operation of ferry
terminals or pontoon bridges
The
useful life and depreciation percentage are determined according to Circular
No. 141/2025/TT-BTC dated December 31, 2025, issued by the Minister of
Finance.
5
Vehicle load control facilities
20
5
6
Toll stations
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6.1
Toll station infrastructure
20
5
6.2
Management buildings at toll
stations
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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
6.3
Vehicles, equipment, and
architectural items attached to works serving the operation of toll stations
The
useful life and depreciation percentage are determined according to Circular
No. 141/2025/TT-BTC dated December 31, 2025, issued by the Minister of
Finance.
7
Bus terminals
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4
8
Parking lots
25
4
9
Road maintenance stations
25
4
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Rest stops
25
4
11
Storage warehouse for spare
materials
20
5
12
Intelligent Transportation System
(ITS) centers and Traffic management and operation centers
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12.1
Management buildings for IT
infrastructure
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
12.2
Auxiliary works, machines, and
equipment attached to works serving the operation of ITS centers/Traffic
management and operation centers
The
useful life and depreciation percentage are determined according to Circular
No. 141/2025/TT-BTC dated December 31, 2025, issued by the Minister of
Finance.
13
Traffic rescue and relief centers
13.1
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Grade I buildings
80
1,25
Grade II buildings
50
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Grade III buildings
25
4
Grade IV buildings
15
6,67
13.2
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The
useful life and depreciation percentage are determined according to Circular
No. 141/2025/TT-BTC dated December 31, 2025, issued by the Minister of
Finance.
14
IT systems, machinery, and
equipment for road asset management and traffic operation (referred to as
assets and equipment)
14.1
Specialized assets and equipment
serving roads
The
useful life and depreciation percentage are determined according to Circular
No. 141/2025/TT-BTC dated December 31, 2025, issued by the Minister of
Finance.
14.2
Specialized assets and equipment
serving road bridges
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Specialized assets and equipment
serving road tunnels
14.4
Other assets and equipment
directly serving asset management and traffic operation
15
Other road infrastructure works
and equipment as per road traffic laws
15.1
In cases where other structures
and equipment are regulated according to Circular No. 141/2025/TT-BTC dated
December 31, 2025, issued by the Minister of Finance.
The
useful life and depreciation percentage are determined according to Circular
No. 141/2025/TT-BTC dated December 31, 2025, issued by the Minister of
Finance.
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In cases where other structures
and equipment are not yet regulated according to Circular No. 141/2025/TT-BTC
dated December 31, 2025, issued by the Minister of Finance.
10
10
2. For road infrastructure assets with adjusted
original cost due to investment in upgrades or expansion as part of a project
approved by the competent authority/person in accordance with Clause 2 of
Article 7 of this Circular, the useful life for depreciation of the asset shall
equal the useful life already accounted for prior to the cost adjustment plus
(+) the remaining useful life of the asset after the upgrade or expansion. Where:
the remaining useful life for depreciation of the asset after the upgrade or
expansion shall be determined using the following formula:
Remaining useful life for
depreciation of the asset after upgrade or expansion = (Original cost of the
asset after adjustment - Accumulated depreciation of the asset calculated up to
December 31 of the year the original cost was adjusted) : Annual depreciation
amount of the asset starting from the year of the adjusted original cost under
Clause 1, Article 11 of this Circular.
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 specified in
Clause 5 of Article 7 of this Circular, the useful life for depreciation of the
asset = the useful life already accounted for prior to the cost adjustment +
the remaining useful life of the asset based on reassessment.
4. For assets with adjusted
original cost as specified in Point a, Point d of Clause 2 of Article 6, and
Clauses 3 and 4 of 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 useful
life for depreciation, the useful life for depreciation 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.
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5. For a road infrastructure asset
that is a system comprising multiple types of assets as specified in Clause 1
of this Article, in cases where it needs to be monitored as a single system
(such as an interchange comprising roads, bridges, tunnels, etc.), the asset
management agency/unit shall decide the useful life for depreciation, and the
depreciation percentage of the road infrastructure asset shall be determined
according to one main type of asset as specified in Clause 1 of this Article.
6. For a road infrastructure asset
incorporating information technology components, ensuring cybersecurity and
data security in accordance with the laws on cybersecurity and science and
technology: If the constituent components have different technical service
lives or are affected by technological change such that the actual useful life
does not conform to the general provisions of this Circular, the central road
authority (for assets under central management) / the provincial road authority
(for assets under local management) shall cooperate with relevant agencies to
appraise and submit to the Minister of Construction/President of the provincial
People's Committee for a decision on the specific useful life and depreciation
percentage for each type of asset or system of assets. The decision must be
based on the manufacturer's technical documentation and must ensure the
principles of efficiency, economy, and prevention of loss of state budget
funds.
Article 11. Methods for
depreciation of road infrastructure assets
1. The annual depreciation of each
road infrastructure asset shall be calculated according to the following
formula:
Annual
depreciation of the asset
=
Original
cost of the asset
x
Depreciation
percentage (%/year)
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a) The original cost of the road
infrastructure asset shall be determined according to Articles 6 and 8 of this
Circular.
b) The depreciation percentage
shall be determined according to Article 10 of this Circular.
2. Regarding road infrastructure
assets that are assigned or transferred, or handed over as prescribed in clause
3 of Article 6 of this Circular but are not monitored and recorded in the
accounting logs and road infrastructure assets considered excessive upon
inventory as prescribed in clause 4 Article 6 of this Circular, the agency/unit
receiving the assigned, transferred, or handed-over asset, or the agency/unit
at which the surplus asset is found, shall depreciate the asset from the year
in which it is received and put into use to record it in the accounting logs;
the annual depreciation of such assets after the first year of recording the
accounting logs at asset management agencies/units shall be determined the
formula prescribed in clause 1 of this Article.
Regarding the first year of
recording in the accounting logs at asset management agencies/units (the year
when the asset management agencies/units receive the assets or the year of
implementing inventory and detecting the excessiveness), the depreciation of
assets shall be calculated according to the following formula:
Depreciation of the first year of
recording the accounting log = Annual depreciation of the asset, determined
following the formula prescribed in clause 1 of this Article x (The useful time
for depreciation of assets of the same type according to the Appendix I
enclosed with this Circular (year) - Remaining useful time for depreciation of
the asset as prescribed or remaining useful time for depreciation of the asset
according to the re-assessment (year))
Where the year of hand-over/receipt
of the asset differs from the year in which the matter was submitted to the
competent authority/person for a decision on the assignment, transfer, or
handover of the asset, the agency/unit having the asset assigned, transferred,
or handed over, or the agency assigned the task of formulating the asset
disposal plan, must calculate an additional amount of depreciation for the
period from the year the matter was submitted to the competent authority/person
for a decision on the assignment, transfer, or handover of the asset to the
year of hand-over/receipt of the assigned, transferred, or handed-over asset to
record it in the Asset handover/receipt record. The annual depreciation shall
be determined according to the formula specified in Clause 1 of this Article.
3. The accumulated depreciation of
each road infrastructure asset shall be calculated according to the following
formula:
Accumulated
depreciation by December 31 of year (n)
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Accumulated
depreciation by December 31 of year (n-1)
+
Increased
depreciation of the asset in year (n)
-
Decreased
depreciation of the asset in year (n)
4. The asset depreciation for the
final year of the useful time for depreciation of the railway infrastructure
asset shall be equal to the original cost minus the accumulated depreciation of
the asset, determined according to clause 3 of this Article.
Article 12. Residual value of
road infrastructure assets
1. The residual value of a road
infrastructure asset for recording the accounting log shall be determined
according to the following formula (except for the case specified in Clause 2
of this Article):
Residual
value of the asset by December 31 of year (n)
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Original
cost of the asset
-
Accumulated
depreciation by December 31 of year (n)
2. The asset management agency/unit
shall hire a valuation enterprise to re-assess the residual value and the
remaining useful life for depreciation of the asset in accordance with Article
10 of this Circular in the following cases:
a) A road infrastructure asset that
the agency/unit reclaims upon expiry of a fixed-term transfer of the right to
operate the asset (including cases of premature termination of the contract),
as specified in Point c of Clause 6 of Article 5 of this Circular.
b) A road infrastructure asset that
the asset management agency/unit receive after the end of its participation in
a public-private partnership investment project as specified in Point c of
Clause 8 of Article 5, and Clause 6 of Article 6 of this Circular if the asset
falls within a case in which all-people ownership is not required to be
established.
c) A road infrastructure asset that
is partially lost or seriously damaged due to a natural disaster, force majeure
incident, or other unexpected impact (except where the asset is repaired in
accordance with the laws on road works maintenance or is restored through
insurance or compensation from relevant organizations or individuals) as
specified in Clause 5 of Article 7 and Clause 5 of Article 8 of this Circular.
Chapter III
DECLARATION AND REPORT ON ROAD INFRASTRUCTURE ASSETS
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Forms of declaration reports on
railway infrastructure assets prescribed in clause 2 Article 29 of the Decree
No. 44/2024/ND-CP (amended by Article 22 of Decree 99/2026/ND-CP) are
prescribed as follows:
1. Initial declaration reports
following Form No. 01A in the Appendix enclosed with this Circular apply to:
Existing road infrastructure assets
when the Decree No. 44/2024/ND-CP comes into force (including assets that have
undergone the initial declaration report according to the Decree No.
33/2019/ND-CP dated April 23, 2018 of the Government of Vietnam);
Railway infrastructure assets
generated from the effective date of the Decree No. 44/2024/ND-CP onwards.
2. Additional declaration reports
following Form No. 01B and Form No. 01C in the Appendix enclosed with this
Circular are applicable in cases where there are changes to the information on
asset management agencies/units or information on road infrastructure assets
that have undergone the initial declaration report.
Article 14. Forms of reports on
management, use, and operation of road infrastructure assets
Forms of reports on management,
use, and operation of railway infrastructure assets prescribed in clause 5
Article 45 of the Decree No. 44/2024/ND-CP (amended by Article 22 of Decree
99/2026/ND-CP) are prescribed as follows:
1. Reports on operation of road
infrastructure assets according to the methods prescribed in Articles 13, 14,
15 and 16 of the Decree No. 44/2024/ND-CP (amended by Decree 99/2026/ND-CP),
following Form No. 01D in the Appendix enclosed with this Circular.
2. Consolidated reports on
management and use of road infrastructure assets following Form No. 02A in the
Appendix enclosed with this Circular.
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Chapter IV
IMPLEMENTATION PROVISIONS
Article 15. Transitional
provisions
1. Regarding any road
infrastructure asset that exists before the effective date of the Decree No.
44/2024/ND-CP and has its value determined for recording the accounting log
according to the law before the effective date of this Circular, the determined
value shall be used to record the accounting log. The depreciation of the asset
from fiscal year 2026 onwards shall comply with this Circular.
2. Regarding any road
infrastructure asset existing before the effective date of the Decree No.
44/2024/ND-CP but has not had its specific values determined for recording the
accounting log under the law applicable prior to the effective date of this
Circular, the asset management agency/unit (or the organization/unit specified
in Clause 4 of Article 2 of this Circular) shall determine the original cost
and residual value of the asset in accordance with this Circular, and shall
fully depreciate the asset for all useful years up to the end of the 2025
fiscal year, using the depreciation percentage prescribed in this Circular;
this amount shall be added to the depreciation amount of that asset for the
2026 fiscal year..
3. For a road infrastructure asset
that has already been recorded in the accounting logs of the asset management
agency (or the organization/unit specified in Clause 4 of Article 2 of Decree
No. 44/2024/ND-CP) prior to the effective date of this Circular, if the useful
life for depreciation and the depreciation percentage prescribed in Clause 1 of
Article 10 of this Circular differ from those prescribed in Clause 1 of Article
10 of Circular No. 74/2024/TT-BTC dated 31 October 2024 of the Ministry of
Finance, then from the 2026 fiscal year onward, the annual depreciation of the
asset shall be determined as follows:
Annual
depreciation of the asset
=
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Remaining
useful life for depreciation of the asset according to the re-assessment
(year)
Where:
Remaining
useful life for depreciation of the asset according to the re-assessment
(year)
=
Useful
life for depreciation of the asset according to the clause 1 of Article 10 of
this Circular (year)
-
Used
useful life of the asset (year)
The asset depreciation for the
final year within the useful life for depreciation of the assets shall be
determined by the original costs minus the accumulated depreciation of such
assets.
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4. Where a road infrastructure
asset has been handed over and received under a Decision of the competent
authority/person prior to the effective date of this Circular, but the asset
has not yet been recorded in the accounting logs of the handing-over
agency/unit, and the handing-over agency/unit has been dissolved or has
terminated operations due to the restructuring of administrative organizational
apparatus or the implementation of the two-tier local government model under a
decision of the competent authority/person, then the asset management
agency/unit or the organization/unit specified in Clause 4 of Article 2 of this
Circular (the receiving agency/unit) shall determine the original cost and
residual value of the asset in accordance with this Circular and calculate
depreciation in accordance with Clause 2 of this Article.
5. For a road infrastructure asset
that has already been recorded in the accounting logs of the asset management
agency (or the organization/unit specified in Clause 4 of Article 2 of Decree
No. 44/2024/ND-CP) but that does not meet the conditions to be a fixed asset
under this Circular, from the 2026 fiscal year onward, it shall be removed from
the list of fixed assets and a separate monitoring log shall be opened for it
in accordance with the laws on accounting; it shall not be subject to the
provisions of this Circular.
Article 16. Effect and
responsibility for implementation
1. This Circular comes into force
from June 23, 2026 and applies from fiscal year 2026.
2. This Circular replaces Circular
No. 74/2024/TT-BTC dated October 31, 2024 of the Ministry of Finance on
regulations for the management and depreciation of road infrastructure assets
and guidelines for declaration and reporting on road infrastructure assets.
3. If documents cited in this
Circular are amended or replaced, the newer documents shall apply.
4. The Ministry of Construction and
the People's Committees of provinces and centrally affiliated cities are
responsible for directing the implementation of management, depreciation,
declaration and reporting on road infrastructure assets according to this
Circular./.
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