Circular No. 01/2025/TT-BTC stipulates the management regime, depreciation calculation, and provision for amortization of market infrastructure assets.

CIRCULAR
Regulations on management, depreciation calculation, and depreciation accrual for market infrastructure assetsinfrastructure assets of the market

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

Based on the Law Amending and Supplementing Certain Provisions of the Securities Law; the Accounting Law; the Independent Audit Law; the State Budget Law; the Law on Management and Use of Public Assets; the Tax Administration Law; the Personal Income Tax Law; the National Reserve Law; the Administrative Violation Handling Law dated November 29, 2024;

Based on Decree No. 60/2024/NĐ-CP dated June 5, 2024 of the Government on the development and management of markets;

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

At the proposal of the Director of the State Asset Management Department;

The Minister of Finance issues this Circular to regulate the management, depreciation calculation, and depreciation accrual for market infrastructure assets.

PART I

SCOPE OF REGULATION, APPLICABLE OBJECTS

Article 1. Scope of Regulation

Article 2. This Circular does not apply to cases where market infrastructure assets are managed by enterprises under the form of state capital investment in enterprises.

Article 3. For market infrastructure assets that do not meet the criteria for fixed assets as stipulated in this Circular, they shall be recorded in the asset tracking book for tools and equipment in accordance with the legal provisions on accounting regulations.

Article 2. Applicability

a) Public service organizations.

b) Provincial specialized agencies on market infrastructure assets.

d) People's Committees at the commune level.

Article 5. Other entities related to the management, depreciation calculation, and depreciation accrual for market infrastructure assets.

Chapter II

GENERAL PROVISIONS ON ASSET MANAGEMENT

MARKET INFRASTRUCTURE ASSETS ARE FIXED ASSETS

Article 3. Criteria for determining market infrastructure assets as fixed assets

a) The right to use land for each plot or portion of land allocated to each agency or unit within a plot is determined as one asset.

b) For assets not falling within the scope specified in point a of this clause, they are determined as follows:

An independent asset is determined as one asset;

A system consisting of multiple individual asset parts interconnected to perform one or several specific functions, such that the absence of any part renders the entire system non-functional, is determined as one asset;

A system assigned to multiple agencies or units for management, the portion of the asset assigned to each agency or unit for management is one asset.

2. Market infrastructure assets as defined in Clause 1 of this Article (excluding assets defined in Clause 3 of this Article) are determined as fixed assets when simultaneously meeting the following two criteria:

a) Having a usage period of one year or more.

b) Having an original cost of ten million dong or more.

3. Market infrastructure assets as defined in Clause 1 of this Article, assigned to public service organizations self-financing their regular expenses and investments, and public service organizations required by law to incorporate fixed asset depreciation costs into service prices, are determined as fixed assets when simultaneously meeting the following two criteria:

a) Having a usage period of one year or more.

b) Meeting the criteria for the original value of fixed assets as prescribed by law applicable to enterprises.

Article 4. Principles for managing infrastructure assets of markets as fixed assets

1. Infrastructure assets of markets as specified in Article 3 of this Circular must be documented in asset files to manage strictly both the physical assets and their value in accordance with laws on management and use of public assets and related laws.

2. Each infrastructure asset of markets as specified in Article 3 of this Circular shall be a separate accounting object. Accounting for infrastructure assets of markets must fully reflect and record information about original cost, remaining value, depreciation, and amortization of the assets.

a) Account for all infrastructure assets of markets under their management in accordance with the current accounting regulations.

b) Conduct periodic annual inventory checks; adjust accounting figures if discrepancies arise during the inventory process.

c) Report declarations and report on the management and use of infrastructure assets of markets in accordance with Article 34 of Decree No. 60/2024/NĐ-CP and relevant laws.

In cases where infrastructure assets of markets have been fully depreciated or amortized but subsequently require a change in original cost according to Clause 7, Article 6 of this Circular, depreciation and amortization must be calculated according to regulations for the remaining period of use (if any) following the change in original cost.

a) Shall be responsible for monitoring, inspecting, and supervising the performance of obligations by the transferee in accordance with the law and the limited-term exploitation rights transfer contract.

b) Shall not calculate depreciation or amortization as stipulated in this Circular but must continue to monitor the original cost of the assets recorded at the time of transfer on the accounting books and disclose it in the financial statement notes in accordance with current accounting regulations.

c) Upon expiration of the limited-term exploitation rights transfer period for infrastructure assets of markets, the agencies and units entrusted with managing these assets shall take back the assets in accordance with the limited-term exploitation rights transfer contract and relevant laws, re-determine the original cost and remaining value of the assets to manage, use, calculate depreciation, and amortize in accordance with Decree No. 60/2024/NĐ-CP and this Circular.

Chapter III

CALCULATION OF DEPRECIATION AND AMORTIZATION OF INFRASTRUCTURE ASSETS OF MARKETS AS FIXED ASSETS

Article 5. Determination of the Original Cost of Land Use Rights

The amount of land lease payments already paid, or the amount of transferred land use rights payments already made, which are determined to have originated from the State budget in the cases specified in points a, b, and c of Clause 3, Article 42 of Decree No. 151/2017/NĐ-CP dated December 26, 2017 of the Government detailing certain provisions of the Law on Management and Use of Public Assets (amended at Clause 38, Article 1 of Decree No. 114/2024/NĐ-CP dated September 15, 2024 of the Government amending and supplementing some articles of Decree No. 151/2017/NĐ-CP).

4. In cases where land is leased with annual payment of land lease fees, there is no need to determine the original cost of the land use rights.

5. The original cost of the land use rights shall be adjusted in the following cases:

a) Adjusted periodically every five years starting from 2026.

b) When the area of land used changes compared to the area of land that has been determined for the original cost of land use rights in cases: conducting land inventory as prescribed by law; when there is a decision by a competent state authority to recover, supplement, or transfer additional part of the land area according to law; other cases that change the land area confirmed by a competent state authority.

c) Change in land use form according to the decision of a competent state authority.

d) When re-inventory and re-evaluation of public asset values are conducted according to the decision of the competent agency or person.

Article 6. Determination of the Original Cost of Market Infrastructure Assets that are not Land Use Rights

a) For market infrastructure assets currently being monitored and recorded in accounting books, the original cost of the asset is the original cost being monitored and recorded in the accounting books.

b) For market infrastructure assets not yet being monitored and recorded in accounting books:

b1) In cases where there are documents to determine the purchase price or construction cost of the asset, the purchase price or construction cost according to the documents shall be used to determine the original cost of the asset.

b2) In cases where there are no documents as stipulated in point b1 of this clause but on the accounting books of the agency or unit entrusted with managing the market infrastructure assets or another agency or unit entrusted with managing market infrastructure assets within the scope of one (01) centrally governed province or city having records of the original cost of other similar market infrastructure assets with equivalent grade, scale, and capacity, and put into use in the same year, the original cost of those similar market infrastructure assets shall be used to determine the original cost of the asset.

b3) In cases where there are no grounds to determine the original cost of market infrastructure assets as stipulated in points b1 and b2 of this clause, but there are grounds to determine the time of putting the asset into use, the new purchase price of similar assets or the new construction cost of assets with equivalent grade, scale, and capacity at the time of putting the asset into use, the original cost of the asset shall be determined as follows:

Where:

- The new purchase price of similar assets applies to assets that are not buildings, structures, or architectural works, which is the price of new similar assets sold on the market at the time of putting the asset into use.

- The new construction cost of assets with equivalent grade, scale, and capacity applies to assets that are buildings, structures, or architectural works, including buildings, structures, or architectural works formed through procurement, and is determined as follows:

b4) In cases where there are no grounds to determine the original cost of market infrastructure assets as stipulated in points b1, b2, and b3 of this clause, the agency or unit entrusted with managing market infrastructure assets shall determine the original cost of market infrastructure assets according to Article 7 of this Circular.

Where:

- Trade discounts, price reductions, or penalties for the seller (if any) shall be deducted from the invoice value only if the invoice value includes such trade discounts, price reductions, or penalties.

- Other costs (if any) are reasonable costs directly related to the procurement of market infrastructure assets that the agency or unit has incurred up to the time of putting the asset into use. In cases where common costs are incurred for multiple assets, the costs shall be allocated to each asset based on appropriate criteria (such as construction area, quantity, invoice value of market infrastructure assets incurring common costs...).

a) In cases where market infrastructure assets have completed construction investment and been put into use but have not yet been settled and approved by the competent authority, the agency or unit entrusted with managing market infrastructure assets shall record the assets in the accounting books from the date of handover for use. The recorded original cost is a provisional cost. In this case, the provisional cost shall be selected in the following order of priority:

Final inspection value;

Proposed approval value for final settlement;

Calculation table of the final settlement value between the project owner and the contractor (final settlement A-B);

Approved or most recently adjusted budget estimate value (in cases where the project's budget estimate has been adjusted);

Approved or most recently adjusted total investment value (in cases where the total investment has been adjusted).

When the final settlement is approved by the competent authority, the agency or unit responsible for managing the market infrastructure assets shall adjust the provisional original cost according to the approved final settlement value to adjust the accounting records and account for the asset in accordance with regulations.

b) In cases where a project includes multiple sub-projects or assets (multiple accounting subjects) without separate budgeting or settlement, or with separate budgeting but without separate settlement for each sub-project or asset, the costs shall be allocated to each sub-project or asset for accounting purposes according to the principle that costs directly related to a fixed asset shall be attributed to that fixed asset; common costs related to multiple fixed assets shall be allocated according to the ratio of direct costs of each fixed asset to the total direct costs of all fixed assets.

c) For projects including multiple sub-projects or assets (multiple accounting subjects) that are invested in and accepted separately, once a sub-project or asset has completed construction investment and acceptance and been put into use, it must be recorded in the accounting books from the date of handover for use.

d) In case the final settlement value of the project must be adjusted according to the recommendations and conclusions of the competent authority after inspection or audit, the agency or unit responsible for managing the market infrastructure assets shall adjust the original cost according to the recommendations and conclusions of the competent authority.

Where:

a) The original cost recorded on the Asset Transfer and Acceptance Certificate shall be determined as follows:

a1) For assets that have been tracked and recorded in accounting books, the original cost recorded on the Asset Transfer and Acceptance Certificate is the original cost already tracked and recorded in the accounting books by the agency or unit transferring the assets.

a2) For assets not yet tracked or recorded in accounting books, the agency or unit transferring the assets shall be responsible for determining the original cost of the assets in accordance with the corresponding provisions of Clauses 1, 2, and 3 of this Article before submitting the decision to assign or transfer the assets to the competent authority.

b) Other costs (if any) include reasonable expenses directly related to receiving the assigned or transferred market infrastructure assets, which the receiving agency or unit has incurred up to the time of putting the assets into use. In cases where common expenses arise for multiple market infrastructure assets, the agency or unit shall allocate the expenses to each asset based on appropriate criteria (such as construction area, quantity, value of assets generating common expenses...).

Where:

a) The original cost recorded on the Inventory Certificate shall be determined in accordance with the corresponding provisions of Clauses 1, 2, and 3 of this Article.

b) Other costs (if any) include reasonable expenses incurred by the agency or unit during the inventory process (including expenses for selecting and hiring appraisal firms to advise on determining the asset value according to Vietnamese Valuation Standards or establishing a Valuation Committee as stipulated in Article 7 of this Circular as the basis for determining the original cost and residual value of market infrastructure assets for accounting purposes). In cases where common expenses arise for multiple assets, the agency or unit shall allocate the expenses to each asset based on appropriate criteria (such as construction area, quantity, value of assets generating common expenses...).

7. Situations leading to changes in the original cost of market infrastructure assets:

a) Revaluation of asset values when conducting an inventory as decided by the competent authority.

b) Implementation of projects to upgrade and expand assets approved by the competent authority.

c) Dismantling one or more parts of the market infrastructure assets (in cases where the value of the dismantled parts is included in the original cost of the market infrastructure assets), except when dismantling for maintenance of the works.

d) Installation of one or more parts of the market infrastructure assets, except when installation is for replacement during maintenance of the works.

đ) Loss of part of the asset or severe damage to the asset due to natural disasters, force majeure, or other sudden impacts (except in cases where the asset has been restored through insurance or compensation from relevant organizations or individuals).

1. The agency or unit entrusted with managing market infrastructure assets shall select an appraisal company to provide advice on determining the asset value according to the Vietnamese Appraisal Standards or establish an Asset Valuation Committee as a basis for reassessing the remaining value and the remaining depreciation period of the asset. The use of appraisal certificates and appraisal reports shall be carried out in accordance with the laws on prices.

Based on the appraisal certificate and appraisal report provided by the appraisal company or the valuation record of the Asset Valuation Committee, and the characteristics and condition of the market infrastructure assets, the agency or unit shall determine the original value of the market infrastructure assets as follows:

2. The Asset Valuation Committee shall be established by the head of the agency or unit holding the assets. The members of the Asset Valuation Committee include: the head of the agency or unit holding the assets or a person authorized to act as Chairperson; other members comprising representatives from relevant specialized departments of the agency or unit holding the assets; and representatives from related agencies (if any).

The Asset Valuation Committee bases its valuation method on the general pricing principles for goods and services priced by the State to serve as a basis for reassessing the asset value.

The operating principles of the Asset Valuation Committee are as follows:

a) The Committee operates under the principle of collective decision-making. A meeting to determine the asset value can only be held when at least two-thirds of the Committee members are present; if the Committee has only three members, all three must be present. The Chairperson manages the meeting to determine the asset value. Before the meeting, absent members must send a written document to the Chairperson explaining their absence and providing opinions on issues related to the asset value (if any).

b) The Committee concludes on the asset value based on the majority opinion that has been voted on and approved by the present Committee members. In case of a tie vote, the opinion of the Chairperson's vote will be decisive. A Committee member has the right to reserve their opinion if they disagree with the asset value conclusion made by the Committee; such a reserved opinion must be recorded in the Asset Value Determination Record.

c) The Committee must prepare a Record of Asset Value Determination, fully and truthfully reflecting the entire process of determining the asset value. The Record must be kept in the asset value determination file.

The main contents of the Asset Value Determination Record include: the name and position of the Chairperson and Committee members; the names of those attending the asset value determination meeting; the time and location of the asset value determination process; the results of the asset value survey; the opinions of Committee members and attendees of the asset value determination meeting; the Committee's voting results; the completion time and location of the asset value determination process; signatures of the Committee members.

The Asset Valuation Committee established under this Clause ceases operations after completing the tasks specified in the Decision establishing the Committee. Any matters arising after the Committee ceases operations shall be handled by the agency or unit holding the assets.

When there is a change in the original cost of market infrastructure assets as stipulated in Clause 5, Article 5 and Clause 7, Article 6 of this Circular, the agency or unit entrusted with managing the market infrastructure assets shall prepare a Record detailing the reasons (circumstances) for the change in original cost; simultaneously, they shall re-determine the original expenditure cost of the market infrastructure assets as the basis for determining the depreciation rate, amortization amount, residual value of the asset to adjust the accounting records and manage the asset according to the regulations set forth in this Circular.

The re-determination of the original cost of market infrastructure assets in cases of changes to the original cost shall be carried out as follows:

1. For assets being land use rights as stipulated in Clause 5, Article 5 of this Circular:

a) In the case of adjusting the land price list periodically as provided in Point a, Clause 5, Article 5 of this Circular and in the case of adjustment to align with actual conditions as prescribed by land laws, the original cost of the land use rights asset shall be re-determined based on the adjusted land price list for the years of adjustment; the re-determination of the original cost of the land use rights asset shall be conducted in accordance with the provisions of Article 5 of this Circular.

b) In the case where the land area has changed compared to the land area whose original cost was determined as stipulated in Point b, Clause 5, Article 5 of this Circular, the re-determined original cost of the land use rights asset equals the original cost of the land use rights asset already recorded plus or minus the value of additional or reduced land use rights. The value of additional or reduced land use rights is determined in accordance with the provisions of Article 5 of this Circular.

c) In the case of changing the form of land use as decided by the competent state authority as stipulated in Point c, Clause 5, Article 5 of this Circular, the original cost of the land use rights asset shall be re-determined corresponding to the new form of land use in accordance with the provisions of Article 5 of this Circular.

d) In the case of re-evaluating the value of land use rights upon inspection as decided by the competent authority or person as stipulated in Point d, Clause 5, Article 5 of this Circular, the original cost of the land use rights asset shall be re-determined based on the decision of the competent authority or person.

2. For the case stipulated in Point a, Clause 7, Article 6 of this Circular, the original cost of market infrastructure assets shall be re-determined according to the guidance of the competent authority or person regarding the inspection and re-evaluation of assets.

3. For the case stipulated in Point b, Clause 7, Article 6 of this Circular, the original cost of market infrastructure assets shall be re-determined by adding the original cost currently recorded to the increased value due to investment in upgrading and expanding market infrastructure assets. Among which, the increased value due to investment in upgrading and expanding market infrastructure assets is the settled value approved by the competent authority in accordance with the law; if there is no such approval, the agency or unit entrusted with managing the market infrastructure assets shall record the increased value due to investment in upgrading and expanding market infrastructure assets in the accounting books from the date of handover and put into use. The increased value in the recorded original cost is a provisional value, selected in the following priority order:

Final inspection value;

Proposed approval value for final settlement;

Calculation table of the final settlement value between the project owner and the contractor (final settlement A-B);

The most recently approved or adjusted budget estimate (in the case of a project budget that has been adjusted);

Approved or most recently adjusted total investment value (in cases where the total investment has been adjusted).

Upon approval of the settlement value by the competent authority, the agency or unit entrusted with managing the market infrastructure assets shall adjust the increased value in the recorded original cost on the accounting books to the approved settlement value to adjust the accounting records and conduct asset accounting in accordance with the regulations.

If the project is approved by the competent authority for investment in construction, upgrading, and expansion of other assets (not included in market infrastructure assets but the project includes investment in market infrastructure assets), then the increased value due to investment in upgrading and expanding market infrastructure assets is the portion of the project's settlement value approved by the competent authority that is invested in market infrastructure assets.

4. For the case of dismantling one or more parts of market infrastructure assets as stipulated in Point c, Clause 7, Article 6 of this Circular, the original cost of market infrastructure assets shall be re-determined by subtracting the value of the dismantled part of the market infrastructure assets from the current recorded original cost and adding reasonable costs directly related to the dismantling process that have been identified by the agency or unit entrusted with managing the market infrastructure assets up to the completion of the dismantling work.

In which, the value of the dismantled part of the market infrastructure assets is determined as follows:

a) In the case where there is documentation determining the purchase price, settlement value/budget estimate of the dismantled part of the market infrastructure assets, the value of the dismantled part is determined based on the purchase price, settlement value, or budget estimate of the dismantled part.

b) In the case where there is no documentation as specified in Point a of this clause but the original cost of the market infrastructure assets can be allocated to the dismantled part according to appropriate criteria (such as: construction area, quantity, purchase price, budget estimate...), the value of the dismantled part of the market infrastructure assets is determined based on the allocated value.

c) In the case where there is no documentation as specified in Points a and b of this clause and the original cost of the market infrastructure assets cannot be allocated to the dismantled part, the value of the dismantled part of the market infrastructure assets is determined as the new purchase price of the dismantled part of the market infrastructure assets on the market at the time of putting the asset into use.

In cases where the new purchase price of the dismantled market infrastructure asset component cannot be determined on the market at the time of putting the asset into use, the agency or unit entrusted with managing the market infrastructure assets shall select to hire a valuation company to advise on determining the asset value according to Vietnamese Valuation Standards or establish a Price Determination Board pursuant to Article 7 of this Circular as the basis for determining the portion of the value of the dismantled market infrastructure asset component, serving as the basis for determining the original cost of the asset after dismantling.

5. For cases where additional one or more components of market infrastructure assets as stipulated in Point d Clause 7 Article 6 of this Circular are installed, the original cost of the market infrastructure assets shall be recalculated as follows: original cost being accounted for plus the increased value due to the installation of one or more additional components of market infrastructure assets plus reasonable costs directly related to the installation process that have been identified by the agency or unit entrusted with managing the market infrastructure assets up to the completion of the installation.

Among these, the increased value due to the installation of one or more additional components of market infrastructure assets is the corresponding value of the additional installed asset component determined according to the relevant cases prescribed in Article 6 of this Circular.

6. For cases stipulated in Point đ Clause 7 Article 6 of this Circular, the agency or unit entrusted with managing the market infrastructure assets shall select to hire a valuation company to advise on determining the asset value according to Vietnamese Valuation Standards or establish a Price Determination Board pursuant to Article 7 of this Circular as the basis for reassessing the remaining value and the remaining depreciation period of the asset.

1. Market infrastructure assets, which are fixed assets assigned to agencies or units for management, must be subject to depreciation in accordance with the provisions of this Circular, except for the cases specified in Clauses 2 and 3 of this Article.

a) Market infrastructure assets assigned to public service organizations self-financing their regular expenses and investment management.

b) Market infrastructure assets assigned to public service organizations required to incorporate fixed asset depreciation costs into service charges according to the law.

Based on legal regulations and actual conditions during each period, based on reports from the units entrusted with market infrastructure assets, opinions of the same-level financial authorities, and opinions of relevant agencies or units (if any), the specialized agency on market infrastructure assets at the provincial level shall report to the Provincial People's Committee, and the specialized agency on market infrastructure assets at the district level shall report to the District People's Committee for consideration and decision regarding public service organizations allowed to incorporate market infrastructure asset depreciation costs into service charges as stipulated herein.

3. Agencies or units entrusted with managing market infrastructure assets are not required to calculate depreciation and amortization in the following cases:

a) Assets that have not yet fully depreciated but are damaged beyond repair.

b) Assets that have been fully depreciated but are still usable.

c) Assets during the transfer period with limited exploitation rights.

d) Assets representing land use rights.

a) Accounting records (Market infrastructure asset system or individual assets).

b) Depreciation and amortization periods, depreciation rates, and amortization rates, including:

b1) The depreciation period, depreciation rate, and depreciation calculation method shall be implemented according to the provisions of Articles 10 and 11 of this Circular.

b2) The amortization period, amortization rate, and amortization extraction method shall be implemented according to the legal regulations on the management, use, and amortization of fixed assets applicable to enterprises.

In cases where the amortization rate prescribed for enterprises affects the operations of public service organizations, adjustments to the fixed asset amortization rate should be made based on actual conditions during each period, based on reports from the units entrusted with market infrastructure assets, opinions of the same-level financial authorities, and opinions of relevant agencies or units (if any), reported by the specialized agency on market infrastructure assets at the provincial level to the Provincial People's Committee, and by the specialized agency on market infrastructure assets at the district level to the District People's Committee for consideration and decision to ensure quality and service prices for the supplying unit.

c) Accounting periods according to current accounting regulations.

5. The calculation of depreciation and amortization of market infrastructure assets shall be carried out as follows:

a) Depreciation calculation shall be conducted once annually in December, prior to closing the accounting books.

For assets received by an agency or unit from another agency, organization, unit, or enterprise according to the decision of an authorized authority within the year, the depreciation calculation for that year shall be conducted by the receiving agency or unit.

b) Amortization shall be conducted monthly. Amortization costs of the asset shall be incorporated into the service price of the unit.

Article 10. List of assets, depreciation period framework, and depreciation rate

1. In case the accounting entry object is a system,

2. In case the accounting entry object is individual assets:

a) The annual depreciation rate of market infrastructure assets is calculated according to the formula:

Annual depreciation rate of market infrastructure assets

Original cost of market infrastructure assets

Where:

b) The method of providing for depreciation of market infrastructure assets is implemented in accordance with the legal regulations on management, use, and provision for depreciation of fixed assets applicable to enterprises.

2. Accumulated depreciation, depreciation already provided:

a) Accumulated depreciation is calculated according to the formula:

Accumulated depreciation up to year (n)

Accumulated depreciation up to year (n-1)

Depreciation already provided up to accounting period (t-1)

Depreciation rate for the final year

Original cost of the asset

Depreciation already provided up to before the final accounting period as stipulated in point b, Clause 2 of this Article

Article 12. Remaining value of market infrastructure assets

Clause 1. The remaining value of market infrastructure assets to be recorded in accounting books shall be calculated according to the formula:

Clause 2. For fixed assets revalued in accordance with this Circular, the revaluation amount shall be the remaining value of the asset.

Chapter IV

IMPLEMENTATION

Article 13. Effective Date

Clause 1. This Circular takes effect from March 1, 2025 and applies from the fiscal year 2025.

Clause 2. In cases where legal normative documents cited in this Circular are amended, supplemented, or replaced by other legal normative documents, they shall be implemented in accordance with the provisions of the amending, supplementing, or replacing documents.

Clause 3. The Chairmen of the People's Committees of provinces and centrally governed cities, Heads of agencies, organizations, and units related to this matter are responsible for directing and organizing the implementation of management, depreciation calculation, and amortization extraction of market infrastructure assets in accordance with this Circular and related documents./.