Decision No. 06/2005/QD-BTC On Issuing the Regulation on Pricing of Assets, Goods, and Services

DECISION OF THE MINISTER OF FINANCE

Regarding the issuance of the Pricing Regulation for Assets, Goods, and Services

THE MINISTER OF FINANCE

Pursuant to the Price Ordinance No. 40/2002/UBTVQH10 dated April 26, 2002;

Pursuant to the Decree No. 170/2003/NĐ-CP dated December 25, 2003 of the Government detailing the implementation of certain provisions of the Price Ordinance;

Pursuant to Decree No. 86/2002/ND-CP dated November 5, 2002 of the Government stipulating the functions, tasks, powers, and organizational structure of Ministries and ministerial-level agencies;

Pursuant to Decree No. 77/2003/NĐ-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

To unify the determination of prices for assets, goods, and services as the basis for implementing valuation for assets, goods, and services priced by the State; to monitor production costs, circulation costs, and prices of goods and services when there are signs of monopoly price collusion; to examine the formation of monopoly prices; to control factors forming prices for assets, goods, and services that implement price stabilization; to serve as a basis for organizations and enterprises to develop pricing plans and negotiate prices;

At the proposal of the Director of the Price Management Department,

DECISION:

Article 1. The Pricing Regulation for Assets, Goods, and Services is hereby promulgated along with this Decision.

12/2025/TT-BNNMT dated June 19, 2025 issued by the Minister of Agriculture and EnvironmentImplementation organization:

1. The Director of the Price Management Department shall be responsible for guiding and inspecting businesses, organizations, and individuals (hereinafter referred to collectively as businesses) engaged in trading assets, goods, and services priced by the State to comply with the provisions of the Pricing Regulation for Assets, Goods, and Services issued together with this Decision.

2. Businesses trading assets, goods, and services priced by the State; goods and services implementing price stabilization; monopoly goods and services; goods and services requiring price negotiation shall be responsible for providing complete documentation and data related to the pricing regulations set forth in this Regulation for the competent state management agency on prices to approve prices, monitor costs, and prices.

3. Businesses under all economic sectors may apply the provisions of this Regulation while also basing their specific pricing levels for assets, goods, and services within their pricing authority on the efficiency of their production and business operations and market prices acceptable to society.

Article 3. This Decision shall take effect fifteen days from the date of publication in the Official Gazette. The Circular No. 05/TT-LB dated October 29, 1996 of the Joint Board of the State Committee for Prices and the Ministry of Finance on temporary guidelines for calculating production costs as the basis for establishing cost prices and selling prices of shipbuilding products paid from the state budget and previous regulations on pricing assets, goods, and services inconsistent with this Decision are hereby abolished.

The Director of the Price Management Department, the Head of the Legal Affairs Department, the Chief of the Office, and the Heads of relevant units shall be responsible for organizing the implementation of the Pricing Regulation for Assets, Goods, and Services issued together with this Decision./.

PRICING OF ASSETS, GOODS, AND SERVICES

(Issued together with Decision No. 06/2005/QĐ-BTC dated January 18, 2005)

of the Minister of Finance)

 

A. GENERAL PROVISIONS

Article 1. Scope of application

1. This Regulation stipulates principles and methods for determining prices of assets, goods, and services.

2. Organizations, businesses, and individuals shall base their pricing plans for assets, goods, and services priced by the State and their negotiation pricing plans on the provisions of this Regulation.

3. Competent state management agencies on prices shall base their actions on this Regulation to:

a) Price and negotiate specific assets, goods, and services within their pricing authority.

b) Monitor production costs, circulation costs, and prices of goods and services when there are signs of monopoly price collusion or when it is necessary to examine the formation of monopoly prices.

c) Control factors forming prices of assets, goods, and services implementing price stabilization, prevent and handle violations in pricing to protect the legitimate interests of organizations, businesses, and individuals engaged in production and business operations; consumers; and the State's interests.

4. Assets consisting of land priced by the State are not within the scope of regulation of this Regulation.

Article 2. Applicability

This Regulation applies to organizations, businesses, and individuals engaged in production and business operations (hereinafter referred to collectively as business operations) of assets, goods, and services priced by the State; goods and services listed in the price stabilization program; monopoly goods and services and those involved in monopoly price collusion; and goods and services requiring price negotiation.

Article 3. Basis for Determining Prices of Assets, Goods, and Services

1. Actual reasonable production costs, selling costs (ensuring the average level of production costs) and the quality of assets, goods, and services at the time of pricing.

2. Supply and demand relationships of assets, goods, and services and the purchasing power of the Vietnamese currency.

3. Domestic, regional, and world market prices and the competitive ability of assets, goods, and services at the time of pricing.

4. National policies on socio-economic development applicable nationwide or in specific regions and localities.

B. METHODS FOR DETERMINING PRICES OF ASSETS, GOODS, AND SERVICES

I. COMPARATIVE METHOD

Article 4. The comparative method is a method of determining prices of assets, goods, and services through analyzing the common purchase or sale prices of similar or analogous assets, goods, and services on domestic, regional, and global markets.

1. Assets, goods, and services of the same type as those needing pricing are assets, goods, and services identical in all aspects, including:

a) Physical characteristics of the product (such as surface appearance, constituent materials, manufacturing methods, functions, intended uses, mechanical, physical, chemical properties...).

b) Product quality.

c) Reputation and brand of the product.

2. Analogous assets, goods compared to those needing pricing are assets, goods sharing basic characteristics, including:

- Made from equivalent raw materials and using the same manufacturing methods.

- Having the same function and intended use.

- Equivalent quality.

- Interchangeable in commercial transactions (the buyer accepts substituting one asset, good for another).

3. When applying the comparative method, the following must be based on:

a) Market prices (domestic, regional, and global) of assets, goods, and services already available.

b) Main economic and technical parameters of assets, goods, and services.

c) Commercial conditions prevailing in domestic, regional, and global markets.

II. COST METHOD

Article 5. The cost method is a method for determining the price of assets, goods, and services based on actual reasonable production and business costs (hereinafter referred to as business) of such assets, goods, and services, and the expected profit margin.

Production costs and sales costs are determined as follows:

1. Material costs for pricing

Material costs include raw material, material, fuel, power... (hereinafter collectively referred to as materials) which are determined based on the material prices and the consumption rate of materials.

For goods and services produced that are subject to value-added tax, material costs are calculated according to the formula:

For goods and services produced that are not subject to value-added tax:  

 1.1. The price of materials used for pricing products includes:

a) For materials priced by the State: calculated according to the price set by the State.

b) For externally purchased materials: the purchase price recorded on the seller's invoice (if the materials are imported in foreign currency, they are converted into Vietnamese Dong based on the average exchange rate in the inter-bank foreign exchange market published by the State Bank of Vietnam at the time of occurrence) plus (+) import tax and additional fees (if any) plus (+) transportation costs, loading and unloading fees, storage fees, insurance fees, loss fees according to the standard during circulation (if any), warehouse rental fees, pre-storage processing fees (if any), but not exceeding the average prevailing price on the market at the time of pricing.

c) For self-manufactured materials: the actual cost of materials issued from inventory plus (+) actual costs incurred during the manufacturing process.

d) For materials processed externally: the actual cost of materials issued for processing plus (+) processing costs plus (+) transportation and handling costs.

The prices of various types of materials and processing, transportation, storage, and purchasing costs (as stipulated in points b, c, d above) must be recorded on invoices and supporting documents in accordance with the regulations of the Ministry of Finance. In cases where materials are agricultural, forestry, or aquatic products purchased directly from producers without invoices, the buyer must prepare a detailed purchase list, clearly stating the name, address of the seller, quantity of goods, unit price, total amount, signature of the seller, and obtain approval from the head of the unit, General Director, or Director of the enterprise.

1.2. The consumption rate of materials per unit product:

a) For goods and services that have material consumption rates prescribed by authorized state agencies, these rates shall be implemented.

b) For goods and services that do not have material consumption rates prescribed by authorized state agencies, the General Director or Director (hereinafter collectively referred to as Director) of the enterprise shall establish, approve, and be responsible for the accuracy of the material consumption rates applied to the enterprise. For enterprises with a Board of Directors, the Director shall establish material consumption rates and submit them for approval by the Board of Directors and be responsible for the accuracy of those rates.

2. Depreciation costs of fixed assets for pricing.

2.1. Fixed assets of enterprises (including tangible and intangible fixed assets) mobilized for business operations must be depreciated to determine the price of assets, goods, and services.

2.2. Specific provisions regarding tangible and intangible fixed assets are implemented in accordance with Article 2 of the Management, Use, and Depreciation System for Fixed Assets issued together with Decision No. 206/2003/QĐ-BTC dated December 12, 2003 of the Minister of Finance (hereinafter referred to as Decision No. 206/2003/QĐ-BTC).

2.3. Criteria for identifying tangible and intangible fixed assets are implemented in accordance with Article 3 of the Management, Use, and Depreciation System for Fixed Assets issued together with Decision No. 206/2003/QĐ-BTC.

2.4. Original value of tangible and intangible fixed assets is determined in accordance with Article 4 of the Management, Use, and Depreciation System for Fixed Assets issued together with Decision No. 206/2003/QĐ-BTC.

2.5. In cases where tangible fixed assets have been fully depreciated but are still used in production and business activities, depreciation is not considered in determining the price, but repair and upgrade costs (if any) are included according to Article 7 of the Management, Use, and Depreciation System for Fixed Assets issued together with Decision No. 206/2003/QĐ-BTC.

2.6. The rate of depreciation of fixed assets for determining the price is carried out in accordance with the Management, Use, and Depreciation System for Fixed Assets issued together with Decision No. 206/2003/QĐ-BTC.

2.7. The method of calculating depreciation of fixed assets is carried out in accordance with Article 13 of the Management, Use, and Depreciation System for Fixed Assets issued together with Decision No. 206/2003/QĐ-BTC.

2.8. Allocation of depreciation of fixed assets in pricing.

The allocation of depreciation of fixed assets is based on the actual situation of the formation of fixed assets of the enterprise, specifically as follows:

- For fixed assets invested in and purchased using the enterprise's own capital, the allocation of depreciation is made according to appropriate criteria (wages of main production workers, number of products...).

- For fixed assets invested in and purchased using borrowed capital, the allocation of depreciation is carried out according to the loan agreement and appropriate criteria.

3. Costs wages, salaries, and allowances; midday meal expenses

3.1. Wages costs.

Wages costs of production and business establishments include wages and allowances of a wage nature payable to employees, and midday meal expenses as prescribed by the Labor Code.

Wages costs are determined based on labor standards and wage rates.

a) Labor norms

- For goods and services that have labor standards prescribed by authorized state agencies, these standards shall be implemented.

- For goods and services without labor norms prescribed by competent state agencies, the General Director of the construction enterprise shall establish, approve, and be responsible for the accuracy of the labor norms applied at the enterprise. In enterprises with a Board of Directors, the General Director shall establish labor norms to be submitted to the Board of Directors for approval and shall be responsible for the accuracy of such norms.

b) Unit wage rate

The unit wage rate is established by the enterprise based on the wage system and allowances with wage characteristics prescribed by the State.

The methods for establishing, the authority to approve, and registering the unit wage rate are carried out according to current regulations.

3.2. Labor costs

For enterprises that pay labor costs through labor contracts or collective labor agreements, the labor costs payable to workers must be based on labor contracts or collective labor agreements.

3.3. Mid-shift meal expenses for workers are decided by the enterprise's General Director in accordance with production and business efficiency but the expense level must not exceed the national minimum wage set by the State. Specifically, meal expenses for workers in certain special industries as stipulated in guiding documents implementing the Labor Code by competent state agencies shall be converted into monetary value based on actual purchase prices recorded on invoices.

4. Social insurance costs, health insurance costs, and trade union fees

Social insurance costs, health insurance costs, and trade union fees for production workers are calculated according to the current State regime.

5. Common expenses

5.1. Common expenses are calculated according to the current State regulations and include:

a) Wages and allowances with wage characteristics paid to management staff.

b) Scientific research and technological development costs (excluding funds supported by the State and recoverable funds if any); costs for rewarding initiatives and improvements that bring business benefits; training costs for employees according to prescribed regulations; medical costs within the business premises according to the regime.

c) Severance payments to workers according to the regime.

d) Depreciation costs of fixed assets currently used in the management structure.

đ) Costs for female workers according to the regime.

e) Safety equipment costs, uniform costs calculated according to norms prescribed by competent authorities.

g) Contributions to social insurance, health insurance, and trade union fees for management staff, costs supporting Party and mass organization activities at the enterprise, costs forming part of management expenses and contributions to association funds according to the regime.

h) Interest payment costs for bank loans and other credit organizations, economic entities for producing and trading goods and services according to the interest rate specified in loan contracts and actual interest payments. For loans from other entities, they are calculated according to the actual interest rate at the time of signing the loan contract but not exceeding 1.2 times the highest lending interest rate at the same time of commercial banks transacting with the production and business entity.

i) Advertising, marketing, promotional, reception, ceremonial, foreign transaction costs, commission brokerage costs, conference costs, and other costs not exceeding 10% of the total reasonable costs calculated according to Article 5, Chapter II of this Regulation (excluding costs under this point). For trading units, these costs do not include the cost of goods sold.

k) Travel allowance for workers' and officials' annual leave according to the Labor Code.

l) Fees, taxes directly related to the production of goods and services (excluding corporate income tax) that production and business entities must pay to the State budget according to the law. m) Expenses for fulfilling obligations regarding the provision of public goods and services, which are accounted for as production costs according to the law.

n) Establishment costs of the enterprise, employee training costs, advertising costs incurred before the establishment of the enterprise, research phase costs, relocation costs, and non-fixed intangible asset commercial advantages are gradually allocated into costs for pricing over a maximum period of three years from the date the enterprise begins operations.

Other expenses are calculated based on the actual reasonable expenses of the enterprise averaged over three consecutive years up to the pricing determination date, specifically:

5.2. a) External service costs:

- Electricity, water, telephone, office supplies, low-cost consumables, materials, single-use tools serving the management department, audit fees, legal service fees, design, trademark registration and protection fees, asset insurance, personal accident insurance; costs for using technical documents, patents, technology licenses not included in fixed assets, technical services, and other external services.

- Repair costs

of fixed assets. CLASS MONOCOTYLEDON- Rent for fixed assets in operation according to lease contracts:

+ House rent: Based on the house rental contract but not exceeding 20% of the house rental price prescribed by the provincial People's Committee (same category, same grade of house).

+ Other leased fixed assets: based on the amount of rent payable in the year according to the lease contract.

In cases where rent is paid in advance for multiple years for leased fixed assets, the rent is gradually allocated into production and business costs according to the number of years the fixed assets are used.

- Travel expenses including travel costs, accommodation rental costs, lodging costs.

b) Business protection costs.

c) Other external service costs and leasing costs directly serving production and business activities.

6. Selling expenses for pricing

6.1. Wages, labor costs, and allowances with wage characteristics, social insurance costs, health insurance costs, and trade union fees for the sales department; warranty costs for products during the sales stage according to prescribed regulations.

6.2. Depreciation costs of fixed assets used by the sales department.

6.3. Commissions for sales agents.

6.4. Packaging, loading, and transportation rental fees

6.4. Rent for packaging, loading and unloading, transportation

6.5. Material and tool costs used in the sales process of goods and provision of services: calculated based on the actual reasonable level approved by the Head of the Unit, General Director, or Business Manager.

6.6. Packaging and label costs are determined based on the consumption rate according to the design samples that have been approved and at the purchase price recorded on the purchase invoice.

Article 6. Items of expenses not included in production costs

1. Wages and remuneration due to business establishments not complying with labor contracts as stipulated by the Labor Code, except for cases of hiring workers on a case-by-case basis.

2. Penalties paid for administrative violations as prescribed in the Administrative Offense Handling Ordinance and guiding documents of competent state agencies; penalties paid for overdue interest on loans and other penalties as prescribed by current laws.

3. Pre-deducted expenses that were not actually incurred such as: repair costs for fixed assets; warranty fees for products and construction projects and other pre-deducted expenses.

4. Expenses unrelated to production and business activities such as: basic construction investment expenses, expenses for purchasing intangible and tangible fixed assets, expenses for supporting social organizations (outside enterprises), local support expenses, charitable activity expenses.

5. Expenses covered by other sources of funding: expenses for public welfare, medical and maternity expenses, regular and extraordinary hardship allowances, and other expenses covered by other sources of funding; unreasonable expenses.

6. Expenses exceeding the State's or enterprise's established norms.

Article 7. Allocation of expenses

For common expenses and expenses related to multiple objects such as depreciation of fixed assets, wages, social insurance, health insurance, trade union funds, and sales expenses as stipulated in Article 5 of this Regulation, which cannot be separated, they shall be aggregated and allocated appropriately to each object based on suitable criteria.

For inexpensive items prone to damage, allocate directly 50% or 100%, depending on the type of inexpensive item prone to damage and the specific situation of the enterprise.

Article 8. Anticipated profit for pricing

Based on the provisions of Article 3 of this Regulation, organizations, businesses, and individuals producing, trading in assets, goods, and services should anticipate a reasonable profit level to ensure that the selling price does not exceed the market selling price.

Article 9. Determining the selling price of assets, goods, and services

1. Selling price of domestically produced goods.

The selling price is determined according to the following formula:

2. Selling price of imported goods.

The selling price for imported goods includes: Import cost plus (+) sales expenses plus (+) anticipated profit plus (+) value-added tax (if applicable).

a) Import cost is determined according to the following formula:

Where:

- The purchase price at the Vietnamese border is the purchase price in the original currency multiplied (x) by the inter-bank exchange rate published by the State Bank of Vietnam at the time of import.

- Import tax, special consumption tax (if applicable) as prescribed by current tax laws.

- Other monetary expenses as prescribed.

b) Sales expenses are determined according to Clause 6, Article 5 of this Regulation.

c) Anticipated profit is determined according to Article 8 of this Regulation.

d) Value-added tax as prescribed by the Tax Law.

C. SELECTION OF PRICING METHODS

Article 10. Based on the characteristics of each type of asset, goods, and service and their usage value, and specific market conditions for the circulation of goods and services, organizations, businesses, and individuals select methods to determine the price of assets, goods, and services to establish pricing plans as prescribed./.