Circular No. 54/2026/TT-BTC Regulating the Management System, Depreciation, and Amortization of Water Resources Infrastructure Fixed Assets and Guiding the Declaration and Reporting of Water Resources Infrastructure Fixed Assets

CIRCULAR
Regulating the management system, depreciation, and amortization of water infrastructure assets and guiding the declaration and reporting of water infrastructure assets

Based on Law No. 15/2017/QH14 on Management and Use of State Assets, as amended and supplemented by Laws Nos. 64/2020/QH14, 7/2022/QH15, 24/2023/QH15, 31/2024/QH15, 43/2024/QH15, and 90/2025/QH15;

Based on Decree No. 74/2026/NĐ-CP dated March 14, 2026 of the Government regulating the management, use, and exploitation of water infrastructure assets;

Based on Decree No. 29/2025/NĐ-CP dated February 24, 2025 of the Government on the functions, tasks, powers, and organizational structure of the Ministry of Finance; Decree No. 166/2025/NĐ-CP dated June 30, 2025 amending and supplementing certain provisions of Decree No. 29/2025/NĐ-CP dated February 24, 2025 of the Government;

In accordance with the proposal by the Director of the State Asset Management Department;

The Minister of Finance promulgates this Circular to regulate the management system, depreciation, and amortization of water infrastructure assets and guide the declaration and reporting of water infrastructure assets.

GENERAL PROVISIONS

Article 1. Scope of Application

1. This Circular regulates the management system, depreciation, and amortization for water infrastructure assets as fixed assets and guides the declaration and reporting of such assets owned and managed by the State.

2. For land areas attached to water engineering works, only the asset register is maintained; no accounting or valuation of the asset's value is conducted; the management and use of land within the scope of water infrastructure assets are carried out in accordance with land law and related laws.

1. This Circular does not apply to the following cases:

a) Water infrastructure assets specified in paragraph 2, Article 1 of Decree No. 74/2026/NĐ-CP dated March 14, 2026 of the Government regulating the management, use, and exploitation of water infrastructure assets.

b) Water infrastructure assets entrusted to enterprises for management under a state capital participation form. The management and amortization of such assets are carried out in accordance with the provisions of laws on the management, use, and amortization of fixed assets applicable to enterprises.

c) Determining the useful life of water infrastructure assets for investment projects aimed at upgrading or expanding assets, or maintenance.

d) Determining the value of water infrastructure assets for exploitation purposes or when disposing of assets through sale.

e) Water infrastructure assets that do not meet the criteria for fixed assets as specified in Article 4 of this Circular. The monitoring of such assets is carried out in accordance with accounting laws and related laws.

Article 2. Applicability

1. State management agencies on water resources as defined in paragraph 1, Article 2 of Decree No. 74/2026/NĐ-CP.

2. Entities entrusted with managing water infrastructure assets as specified in paragraph 2, Article 6 of Decree No. 74/2026/NĐ-CP (hereinafter referred to as the entity, unit, or enterprise managing assets), including:

a) Water resources specialized agencies.

b) Public sector units.

c) Enterprises wholly owned by the State that are entrusted with managing and exploiting water infrastructure assets under a form not involving state capital participation in the enterprise.

3. Other entities related to the depreciation, amortization of water infrastructure assets.

Article 3. Water Resources Infrastructure Assets

1. Water resources infrastructure assets shall be determined in terms of original value, residual value, depreciation, and amortization according to the provisions of this Circular including:

a) Office premises, management stations (excluding office premises, working offices of agencies, units, or enterprises entrusted with managing water resources infrastructure outside the scope of protection of water engineering works).

b) Dams, reservoirs.

c) Gates.

d) Pumping stations.

d) Water conveyance and transfer systems.

e) Embankments.

g) Hydraulic embankments.

h) Monitoring equipment.

i) Warehouses, material storage areas.

k) Boundary markers, signs. 1) Other machinery and equipment for managing and operating water engineering works.

m) Other structures or facilities serving the management and operation of water engineering works.

2. Water resources infrastructure assets specified in Point e, Clause 3, Article 12, Decree No. 74/2026/NĐ-CP are special water resources infrastructure assets as defined by water law and where it is impossible to determine the original value, the agreed-upon original value of such asset shall be one Vietnamese đồng. The agency or unit managing the asset shall follow accounting laws to monitor the asset in the Financial Statement Explanation, separately account for the investment value of asset upgrades and expansions according to projects using state funds approved by competent authorities (if any), on the unit's ledger as per regulations; no depreciation or amortization shall be calculated for such assets according to the provisions of this Circular.

3. The water resources specialized agency at the provincial level reports to the People's Committee Chairperson of the same province to specify the list of special water resources infrastructure assets under this Clause.

Chapter II
REGULATIONS ON THE MANAGEMENT OF WATER RESOURCES INFRASTRUCTURE ASSETS
ARE FIXED ASSETS

Part I
STANDARDS FOR IDENTIFICATION AND PRINCIPLES
MANAGEMENT OF WATER RESOURCES INFRASTRUCTURE ASSETS

Article 4. The standard for water resources infrastructure assets is determined as fixed assets.

1. Water resources infrastructure assets specified in Clause 1, Article 3 of this Circular are:

a) Water resources infrastructure assets with independent structure shall be identified as one asset;

b) A system of water resources infrastructure assets consisting of multiple separate components interconnected to perform certain functions; if any component is missing, the entire system cannot operate, then such system shall be identified as one asset.

c) In cases where water resources infrastructure assets are managed and operated by multiple agencies, units, or enterprises, each portion assigned to an agency, unit, or enterprise is considered one asset.

2. Water resources infrastructure assets specified in Clause 1 of this Article shall be identified as fixed assets if they meet both of the following criteria:

a) Have a useful life for depreciation and amortization of at least one year;

b) Have an original value of at least thirty million Vietnamese đồng.

Article 5. Principles and responsibilities of agencies, units, or enterprises managing water resources infrastructure assets

1. Water resources infrastructure assets specified in Articles 3 and 4 of this Circular must be recorded in a property register for strict management of both physical presence and value according to laws on the management and use of public assets and relevant laws. The original price, depreciation/amortization, residual value of water resources infrastructure assets identified as fixed assets are whole numbers; if the results of determining these indicators are decimal values, they shall be rounded off in accordance with the provisions for using abbreviated monetary units under accounting law.

2. Each water resources infrastructure asset specified in Article 4 of this Circular is a separate accounting item. Water resources infrastructure assets must be fully reflected on the ledger according to accounting laws regarding original price, depreciation/amortization, and residual value of the asset.

3. For water resources infrastructure assets no longer required for use but not yet fully depreciated or amortized as per regulations, the agency, unit, or enterprise managing such assets shall continue to manage, monitor, and preserve the asset according to regulations and calculate depreciation/amortization as per this Circular until they are disposed of in accordance with regulations.

4. For water resources infrastructure assets fully depreciated or amortized but still usable, the agency, unit, or enterprise managing such assets shall continue to manage, use, monitor, and preserve the asset according to regulations without calculating depreciation/amortization. If water resources infrastructure assets are fully depreciated or amortized but subsequently fall under circumstances requiring a change in original value as per Article 7 of this Circular, then depreciation/amortization must be calculated for the remaining useful life (if any) after the change in original value.

5. In cases where rights to exploit water resources infrastructure assets are leased out, the agency or unit managing such assets shall continue to manage and monitor the asset according to this Circular during the lease period and calculate depreciation/amortization as per regulations.

6. In cases of transferring rights to exploit water resources infrastructure assets for a limited term, during the transfer period:

a) The agency or unit managing such assets shall be responsible for monitoring and supervising the fulfillment of obligations by the transferee according to law and the Limited Term Transfer Contract.

b) No depreciation or amortization shall be calculated as per this Circular but the original value of the asset already recorded in the ledger at the time of transfer must continue to be monitored, and reported on the Financial Statement Explanation according to current accounting laws.

c) When the term of transfer of rights to exploit water infrastructure assets expires, the agency or unit managing such assets shall take over the asset according to the contract for transferring rights to exploit and in accordance with the provisions of the law. They are required to re-determine the original cost and residual value of the asset as per the provisions of Clause 6 of this Circular, and manage, use, depreciate, and amortize the asset in accordance with Decree No. 74/2026/NĐ-CP and this Circular.

7. In cases where a part of the assets is used for mixed exploitation or utilized for purposes as specified in Clause 2 of Article 16 of Decree No. 74/2026/NĐ-CP, the agency, unit, or enterprise managing the asset (the Party with water infrastructure assets) shall continue to manage, monitor, and depreciate, amortize the water infrastructure assets in accordance with the provisions of this Circular.

8. The hiring of enterprises for valuation services, use of valuation certificates, and valuation reports from enterprises providing such services are carried out in accordance with the laws on pricing and related laws.

9. Agencies, units, or enterprises managing assets shall be responsible for:

a) Conducting accounting for all water infrastructure assets under their management in accordance with current accounting laws; reporting on the increase, decrease, depreciation, and amortization of water infrastructure assets as per legal provisions; ensuring that the asset data recorded in the accounting books of the agency, unit, or enterprise managing assets is consistent with the reported data in the database of water infrastructure assets. If there are discrepancies between the reported data in the system and the actual asset data, they must accurately adjust the data to be updated.

b) Conducting periodic inventory checks annually; conducting a comprehensive inventory check according to decisions by competent authorities or individuals; adjusting accounting records if there is a discrepancy when performing an inventory check to ensure that the recorded data on the fixed assets and their actual condition are in exact alignment.

c) Reporting, reporting on the management, use, and exploitation of water infrastructure assets as per the provisions of Article 29 of Decree No. 74/2026/NĐ-CP and this Circular.

II
ORIGINAL COST, DEPRECIATION, AMORTIZATION, AND RESIDUAL VALUE OF WATER INFRASTRUCTURE ASSETS

Article 6. Determination of the original cost of water infrastructure assets

1. For infrastructure assets in the water sector formed from purchases and put into use as of the effective date of Decree No. 74/2026/NĐ-CP, the original cost is determined according to the formula below:

Wherein:

a) Trade discounts or reductions or penalties imposed by the seller (if any) are deducted from the value recorded on the invoice only if the value recorded on the invoice includes all trade discounts, reductions, or penalties imposed by the seller.

b) Other costs (if any) are reasonable expenses directly related to the purchase of infrastructure assets in the water sector that an agency, unit, or enterprise has incurred up to the time the asset is put into use. In cases where common costs arise for multiple infrastructure assets in the water sector, such costs shall be allocated among each infrastructure asset according to appropriate criteria (such as: quantity/length/area/value recorded on the invoice of the infrastructure asset giving rise to common costs...).

2. For infrastructure assets in the water sector formed from new construction and completed put into use as of the effective date of Decree No. 74/2026/NĐ-CP, the original cost is determined as the value settled by the competent authority according to legal provisions. Certain special cases are specified as follows:

a) In the case where infrastructure assets in the water sector have been put into use (due to completion of construction work) but no settlement has yet been approved by the competent authority, the agency, unit, or enterprise managing the asset shall record the asset in the accounting books from the date of inspection and handover for use. The recorded original cost is a provisional original cost. In this case, the provisional original cost may be selected in the following order: reviewed settlement value; proposed settlement approval value; contract settlement value (Settlement A-B); total investment or project budget approved or most recently adjusted (in the event of an adjusted project budget); when using a provisional original cost for accounting purposes, if the purchase and investment value according to the reviewed settlement value, proposed settlement approval value, or contract settlement value (Settlement A-B) or total investment, project budget is a common value for multiple assets or asset categories (not separately allocated to each individual asset or category), then the provisional original cost of each asset or category shall be allocated according to appropriate criteria (quantity/detailed budget/tiered market value of the corresponding asset...); when using the contract settlement value (Settlement A-B) as a basis for determining the provisional original cost, use the most recent determined value in the table (for one category) or total values from multiple tables (for multiple categories); upon approval by the competent authority for settlement, the agency, unit, or enterprise managing the asset shall adjust the recorded value according to the approved settlement value to adjust the accounting books and record assets in accordance with legal provisions on accounting.

b) In the case where a project includes multiple items or assets (multiple accounting objects of property), but no separate budgeting or final accounting is conducted for each item or asset, the value of the final accounting approved by the competent authority shall be allocated to each item or asset in accordance with criteria deemed appropriate (such as: Detailed quantity of each item or asset/budget of each item or asset/proportion according to the market value of the corresponding property...), ensuring that costs directly related to a fixed asset are attributed to that fixed asset; common costs related to multiple fixed assets shall be allocated based on the proportion of direct costs of each fixed asset relative to the total direct costs of all fixed assets.

c) In the case where a project includes multiple items or assets (multiple accounting objects of property) and is invested in, inspected for completion, and put into use according to each item or asset, any item or asset that has completed construction investment, inspection, and commencement of use shall be recorded in the accounting books from the date it is handed over and put into use. The book value recorded in the accounting books is the temporary budgeted value as stipulated at point a of this clause. Upon approval by the competent authority for the final accounting of the project, the entity managing the assets shall allocate the final accounting value approved by the competent authority to each item or asset for recording in the accounting books and adjusting the accounting records (for items or assets already recorded in the accounting books) according to criteria deemed appropriate (such as: Detailed quantity of each item or asset/budget of each item or asset/proportion according to the market value of the corresponding property...).

d) In the case where the final accounting value of a project must be adjusted based on the recommendations, conclusions of an authority after being subject to inspection, audit, investigation, the entity managing the assets shall adjust the original cost in accordance with the recommendations and conclusions of the competent authority.

đ) Where the project includes investment in other properties (not included in the hydraulic infrastructure property specified at paragraph 1 of Article 3 and Article 4 of this Circular), the value invested in such other properties must be excluded from the final accounting value of the project when determining the original cost of the property.

3. The original cost of hydraulic infrastructure property received pursuant to a decision on allocation, a decision on transfer, or a decision on handover by an authority shall be determined according to the following formula as of the date the Decree No. 74/2026/NĐ-CP comes into effect.

For infrastructure assets that have been tracked and recorded in accounting books, the original cost recorded on the Asset Transfer and Receipt Record is the original cost of the infrastructure asset that has been tracked and recorded by the agency, unit, or enterprise transferring, adjusting, or transferring the asset.

b) Other costs (if any) are reasonable costs directly related to receiving the infrastructure asset that has been transferred, adjusted, or transferred which the agency, unit, or enterprise receiving the infrastructure asset has already incurred up to the time of using the asset.

4. For infrastructure assets that still have no information to determine their value, the valuation of such assets is determined in accordance with the provisions at point d, Clause 3, Article 12 of Decree No. 74/2026/NĐ-CP.

5. For infrastructure assets when conducting inventory checks and finding excesses, depending on their origin and usage time, the original cost of the asset is determined in accordance with the provisions at Clauses 1, 2, 3, and 4 of this article.

6. For infrastructure assets managed by agencies or units that receive back assets after the expiration of the limited exploitation rights period as specified in point c, Clause 6, Article 5 of this Circular, it is determined according to the following formula:

Article 7. Cases for Changing the Original Value of Water Infrastructure Fixed Assets

1. Revaluation of the value of water infrastructure fixed assets during inventory checks as decided by the Prime Minister;

2. Implementation of upgrading and expansion projects of water infrastructure assets according to plans approved by competent authorities;

3. Demolition of one or several parts of water infrastructure fixed assets (excluding cases where demolition is carried out for maintenance purposes), except when demolition occurs due to natural disasters, force majeure events, or other sudden impacts.

4. Installation of additional parts of water infrastructure fixed assets;

5. Water infrastructure fixed assets suffering partial loss or severe damage due to natural disasters, force majeure events, or other sudden impacts (excluding cases where the asset is repaired in accordance with laws on maintenance of construction projects, water resources management laws, or restored through insurance compensation by relevant organizations and individuals).

6. Changes to the original value of water infrastructure fixed assets as provided for in this Article do not apply to special assets specified in paragraph 2 of Article 3 of this Circular.

Article 8. Determining the Original Value of Water Infrastructure Fixed Assets in Cases of Changing the Original Value

When there is a change in the original value of water infrastructure fixed assets as provided for in Article 7 of this Circular, the agency, unit, or enterprise managing such assets shall prepare a Record specifying the reason (case) for the change in the original value; simultaneously re-determine the original value indicators of the water infrastructure fixed asset to serve as the basis for determining depreciation, residual value, and adjusting accounting records and managing, calculating depreciation, and amortization of the asset according to this Circular.
The determination of the new original value of water infrastructure fixed assets in cases provided for in Article 7 of this Circular shall be carried out as follows:

1. For the case provided for in paragraph 1 of Article 7 of this Circular, the original value of the water infrastructure fixed asset is determined according to guidelines issued by competent authorities on inventory and revaluation.

2. For the case provided for in paragraph 2 of Article 7 of this Circular, the original value of the water infrastructure fixed asset is determined as equal (=) to the current book value plus (+) the additional value due to investment in upgrading or expanding the water infrastructure assets according to plans approved by competent authorities. The additional value due to investment in upgrading and expansion projects shall be determined similarly to the provisions in paragraph 2 of Article 6 of this Circular. The project investor is responsible for promptly transferring complete documentation and information on asset values, and conducting final accounting in accordance with relevant laws. In cases where a project approved by competent authorities involves construction, upgrade, or expansion of assets other than water infrastructure but includes investment into existing water infrastructure, the additional value due to upgrading and expanding the water infrastructure is the portion of the project's final settlement value allocated to the water infrastructure.

3. For the case provided for in paragraph 3 of Article 7 of this Circular regarding demolition or disposal of parts of water infrastructure fixed assets, the original value of the water infrastructure fixed asset is determined as equal (=) to the current book value minus (-) the value of the demolished or disposed part plus (+) reasonable costs directly related to the demolition and disposal that the agency, unit, or enterprise has incurred up to the completion of the demolition and disposal. The value of the demolished or disposed part of the water infrastructure fixed asset is determined as follows:

a) Where there are records specifying the purchase price, final settlement value, or estimated value of the demolished or disposed part of the water infrastructure fixed asset, the value of the demolished part is determined according to these records;

b) Where no such records exist but the original value can be allocated to the demolished or disposed part based on appropriate criteria (such as construction area, quantity, purchase price, estimated value), the value of the demolished or disposed part is determined based on the allocated value;

c) Where neither records nor allocation are available for determining the value of the demolished or disposed part of the water infrastructure fixed asset, the value of the demolished or disposed part is determined as the new purchase price of that part of the water infrastructure fixed asset in the market at the time of its use. If the new purchase price cannot be determined, the agency, unit, or enterprise managing the assets may select a business for valuation to determine the value of the demolished or disposed part of the water infrastructure fixed asset as the basis for determining the original value after demolition and disposal.

4. In the case of additional installation of one or several structural infrastructure assets as specified in Clause 4, Article 7 of this Circular, the original value of the structural infrastructure asset is recalculated by adding to the current book value the increased value due to the additional installation of one or several structural infrastructure assets and the reasonable costs directly related to such installation that the agency or unit entrusted with managing the structural infrastructure asset has incurred up to the completion of the installation. The increased value due to the additional installation of one or several structural infrastructure assets is determined according to the corresponding cases specified in Article 6 of this Circular.

5. In the case as specified in Clause 5, Article 7 of this Circular, the agency, unit, or enterprise managing leased assets shall have them appraised by a business valuation firm to reassess their residual value, depreciation period, and remaining depreciation for purposes consistent with the provisions of Article 10 of this Circular regarding assets damaged. The original value of the structural infrastructure asset in such cases is determined as follows: The depreciation period/depreciation rate of the asset

6. The costs incurred for having a business valuation firm appraised, as provided in this Article, shall be allocated from the state budget in accordance with the provisions of the law on the state budget and included in the original value of the asset.

Article 9. Principles for Depreciation and Amortization of Water Infrastructure Assets

1. Water infrastructure assets are fixed assets currently managed by agencies, units, or enterprises that must be depreciated according to the provisions of this Circular, except as provided in Clauses 2 and 3 of this Article.

2. Water infrastructure assets shall be amortized where the cost of water products or services is calculated such that a portion or all of the depreciation costs are included in the product or service price. However, for water infrastructure assets managed by public sector units responsible for their own recurrent and investment management expenses, these units may, with the approval of the competent authority, include the depreciation costs in the product or service price as if they were enterprises operating in the water sector according to enterprise law. Where the public sector service fee does not include depreciation costs as per the relevant laws, depreciation shall be calculated according to the provisions of this Circular.

3. Agencies, units, and enterprises managing water infrastructure assets are exempt from depreciation and amortization for:

a) Assets that have not yet fully depreciated or amortized but are already damaged beyond repair;

b) Assets that have fully depreciated or amortized but are still in use;

c) Water infrastructure assets during the period of limited exploitation rights transfer.

4. Depreciation and amortization of water infrastructure assets shall be based on the following criteria: Type of asset (Complete water supply system/individual independent asset); depreciation or amortization period for water infrastructure assets; rate of depreciation or amortization; accounting period as per current accounting standards.

b) Based on the circumstances of including depreciation costs in the price of water products or services, agencies, units, and enterprises shall determine the method of calculating depreciation and amortization of water infrastructure assets as follows: For water infrastructure assets not included in the calculation of depreciation costs for water products or services, the agency, unit, or enterprise managing such assets shall fully calculate depreciation; for water infrastructure assets where all depreciation costs are included in the price of water products or services, the agency, unit, or enterprise managing such assets shall fully amortize; for water infrastructure assets where only a portion of the depreciation costs is included in the price of water products or services, the agency, unit, or enterprise managing such assets shall both calculate depreciation and amortization.

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

a) Depreciation calculations are performed once annually on December 31 before closing the accounting books and in accordance with the provisions of Article 11 of this Circular.

b) For water infrastructure assets fully depreciated, amortization is conducted according to the provisions for fixed asset depreciation applicable to enterprises.

c) For water infrastructure assets where both depreciation and amortization are calculated, such calculations are performed monthly in accordance with the provisions of Article 11 of this Circular.

Article 10. List of Assets, Depreciation Periods, Depreciation Rates and Methods for Asset Depreciation

1. Where the accounting record subject is a system

2. Where the accounting record subject is an individual asset

3. For infrastructure assets in water management whose original cost has been changed due to fixed asset investment enhancement, expansion projects approved by competent authorities as provided in Clause 2 of Circular Article 7, the depreciation period and depreciation rate for such assets shall be equal to the accumulated depreciation period and depreciation rate before the change in original cost plus the remaining depreciation period and depreciation rate after enhancement, renovation, or expansion. The remaining depreciation period and depreciation rate after enhancement, renovation, or expansion are determined according to the formula: Annual Depreciation Rate of the asset from the year when the original cost is re-determined as provided in Clause 1 of Circular Article 11.

4. For infrastructure assets in water management whose original cost has been changed due to partial loss or severe damage by natural disasters, force majeure events, or other sudden impacts as provided in Clause 5 of Circular Article 7, the depreciation period and depreciation rate for such assets shall be equal to the accumulated depreciation and amortization period before the change in original cost plus the remaining depreciation and amortization period after reassessment.

5. For infrastructure assets in water management whose original cost has been adjusted or changed as provided in Item a, Item d of Paragraph 2 of Circular Article 6, Paragraphs 3 and 4 of Circular Article 7:

a) Where the year when the original cost is adjusted or changed has not yet ended the depreciation period and amortization period for such assets as prescribed, the depreciation and amortization periods for such assets shall be calculated until the year in which the remaining value of the asset on December 31st of the preceding year is less than or equal to the annual depreciation and amortization rate of the asset. Where the month when the original cost is adjusted or changed has not yet ended the amortization period as prescribed, the amortization periods for such assets shall be calculated until the month in which the remaining value of the asset on December 31st of the preceding year divided by 12 months is less than or equal to the monthly depreciation rate of the asset.

b) Where the year when the original cost is adjusted or changed has already ended the depreciation and amortization period for such assets as prescribed, one additional year shall be added to the depreciation and amortization period (the year in which the adjustment or change in original cost occurs) to handle the increased or decreased value due to the adjustment or change in original cost. Where the month when the original cost is adjusted or changed has already ended the amortization period as prescribed, one additional month shall be added to the amortization period (the month in which the adjustment or change in original cost occurs) to handle the increased or decreased value due to the adjustment or change in original cost.

6. Based on the scale, level, category of works; economic and social characteristics of each locality; based on the depreciation periods and amortization rates, depreciation and amortization ratios prescribed in Clauses 1 and 2 of this Article; based on the proposals from asset management agencies, units, enterprises, and their superior administrative bodies (if any) managing assets, provincial water resources authorities report to the People's Committee Chairperson of the province for decision or delegated decision-making on specific depreciation periods and amortization rates and depreciation and amortization ratios for each system, individual asset (each accounting record subject), ensuring compliance.

7. For infrastructure assets in water management that integrate various technological components such as information technology, cybersecurity, data protection according to the provisions of laws on cybersecurity and science and technology; where component parts have different technical lifespans or are affected by technological changes leading to actual usage periods not conforming to the general provisions of this Circular, provincial water resources authorities shall cooperate with relevant agencies for assessment, report to the People's Committee Chairperson of the province for decision-making on specific usage periods and depreciation rates for each type of asset or system of assets. Decisions must be based on technical documentation from manufacturers and ensure principles of efficiency, economy, and prevention of state budget loss.

Article 11. Methods of Depreciation and Amortization

1. Depreciation and Amortization Rates:

a) For hydraulic infrastructure assets where only depreciation is calculated, the annual depreciation rate for each hydraulic infrastructure asset shall be determined according to the formula: Original Cost of Hydraulic Infrastructure Asset Annual Depreciation Rate (%) Wherein: The original cost of the hydraulic infrastructure asset shall be determined in accordance with the provisions of Article 6 and Article 8 of this Circular; The depreciation rate is determined in accordance with the provisions of Article 10 of this Circular.

b) For hydraulic infrastructure assets where only amortization is calculated, the amortization amount is carried out in accordance with the regulations on amortization of fixed assets applicable to enterprises.

c) For hydraulic infrastructure assets that both calculate depreciation and amortization, the monthly depreciation and amortization for each hydraulic infrastructure asset shall be calculated as follows: c1) The amortization amount equals ( = ) the amortization cost allocated into the water resources product or service price during the amortization period of the hydraulic infrastructure asset. c2) The depreciation is calculated according to the formula specified in point a of this clause.

2. Accumulated Depreciation and Amortization:

a) For hydraulic infrastructure assets where only depreciation is calculated, the accumulated depreciation of the asset shall be determined according to the following formula: Accumulated Depreciation of Asset as of December 31st of year (n-1) Accumulated Depreciation of Asset as of December 31st of year (n)

b) For hydraulic infrastructure assets where only amortization is calculated, the amortization amount already accrued shall be carried out in accordance with the regulations on amortization of fixed assets applicable to enterprises.

c) For hydraulic infrastructure assets that both calculate depreciation and amortization, the accumulated depreciation and amortization amount are determined according to the following formula:

3. Depreciation and Amortization Amount for the Final Year/Accounting Period of the Usage Time of Hydraulic Infrastructure Asset:

a) For hydraulic infrastructure assets where only depreciation is calculated, the depreciation amount for the final year of the asset's usage period shall be determined according to the following formula: Original Cost of Hydraulic Infrastructure Asset as specified in Article 6 of this Circular Accumulated Depreciation of Asset before the final year as determined under point a of paragraph 2 of this article Final Depreciation Amount of the Asset for the Final Year

b) For hydraulic infrastructure assets where only amortization is calculated, the amortization amount for the final accounting period of the asset's usage period shall be carried out in accordance with the regulations on amortization of fixed assets applicable to enterprises.

c) For hydraulic infrastructure assets that both calculate depreciation and amortization, the depreciation or amortization amount for the final accounting period of the asset's usage period shall be determined according to the following formula: Original Cost of Hydraulic Infrastructure Asset as specified in Article 6 of this Circular Accumulated Depreciation/Amortization Amount already accrued up to before the final accounting period as determined under point c of paragraph 2 of this article Depreciation or Amortization Amount for the Final Accounting Period

4. For hydraulic infrastructure assets transferred, received, or reallocated in accordance with paragraph 3 of Article 6 of this Circular but not yet recorded and entered into the accounting books, or when inventory checks reveal excesses as specified in paragraph 5 of Article 6 of this Circular, the agency, unit, or enterprise receiving such assets shall be responsible for calculating depreciation and amortization from the year the asset is put into use to the year the inventory check reveals an excess, recording it in the accounting books; the annual depreciation and amortization amount of the asset starting from the first year after being recorded at the managing agency, unit, or enterprise are determined according to the formula specified in paragraph 1 of this article. For the first year after being recorded (the year the agency, unit, or enterprise manages the asset/year the inventory check reveals an excess), the depreciation amount is determined according to the following formula: In case the year of transfer differs from the year when the agency, unit, or enterprise submits for approval the transfer, reallocation, or assignment of assets, the agency, unit, or enterprise with such assets must supplement the calculation of depreciation and amortization for the period from the year submitted for approval to the year of transfer in the Asset Transfer and Acceptance Record.

1. The remaining value of hydraulic infrastructure assets where only depreciation is calculated shall be determined according to the following formula: Remaining Value of Hydraulic Infrastructure Asset as of December 31st of year (n) Accumulated Depreciation of Asset as of December 31st of year (n) Original Cost of Asset

2. The remaining value of hydraulic infrastructure assets where only amortization is calculated shall be determined according to the following formula: Remaining Value of Hydraulic Infrastructure Asset as of December 31st of year (n) Amortization Amount Already Accrued as of December 31st of year (n)

3. The remaining value of hydraulic infrastructure assets that both calculate depreciation and amortization shall be determined according to the following formula: Remaining Value of Hydraulic Infrastructure Asset as of December 31st of year (n)

4. For hydraulic infrastructure assets received by an agency or unit when the right to exploit such asset expires during a fixed-term transfer, including cases where the contract is terminated before its term ends, in accordance with point c of paragraph 6 of Article 5 of this Circular, the managing agency or unit shall have the enterprise appraise the remaining value and the remaining depreciation and amortization period of the asset to be consistent with the provisions of Article 10 of this Circular.

5. The remaining value of water infrastructure assets that are partially lost or severely damaged due to natural disasters, force majeure events, or other sudden impacts (except where such assets are repaired in accordance with provisions on maintenance of construction works, water resources laws, or restored through insurance or compensation by relevant organizations or individuals) as provided for in Clause 5 of this Circular is the re-evaluated value as specified in Clause 5 of this Circular.

Chapter III
ASSESSMENT AND REPORTING OF WATER INFRASTRUCTURE ASSETS
WATER INFRASTRUCTURE

Article 13. Reporting and Assessment of Water Infrastructure Assets

Annually, the agency, unit, or enterprise responsible for managing such assets shall report on the management, utilization, and exploitation of water infrastructure assets; submit reports promptly upon request by competent state authorities, and update information in the database of water infrastructure assets to ensure uniform management. The form, timing of data cutoff, and deadline for reporting annual management, utilization, and exploitation of water infrastructure assets are conducted in accordance with Article 29 of Decree No. 74/2026/NĐ-CP.

Article 14. Initial and Supplementary Reporting Forms for Water Infrastructure Assets

The reporting form for the initial assessment of water infrastructure assets as specified in Paragraph 2, Article 29 of Decree No. 74/2026/NĐ-CP is as follows:

1. The initial declaration report using Form No. 01A attached to this Circular applies to: Existing water infrastructure assets at the time when Decree No. 74/2026/NĐ-CP comes into effect (including assets that were initially reported under Decree No. 08/2025/NĐ-CP dated January 9, 2025, which regulates the management, utilization, and exploitation of water infrastructure assets). New water infrastructure assets arising from the date when Decree No. 74/2026/NĐ-CP comes into effect.

2. The supplementary declaration report using Form No. 01B and Form No. 01C attached to this Circular applies in cases where there are changes in the managing agency, unit, or enterprise of water infrastructure assets, or in the information about initially declared water infrastructure assets.

Article 15. Reporting Forms for Management, Utilization, and Exploitation of Water Infrastructure Assets

The reporting form for management, utilization, and exploitation of water infrastructure assets as specified in Paragraph 5, Article 29 of Decree No. 74/2026/NĐ-CP is as follows:

1. A consolidated report on the management and utilization of water infrastructure assets using Form No. 02A attached to this Circular.

2. A consolidated report on the exploitation of water infrastructure assets using Form No. 02B attached to this Circular.

Chapter IV
IMPLEMENTATION CONDITIONS

Article 16. Transitional Provisions

1. In cases where water infrastructure assets have been depreciated or amortized in accordance with the provisions of Circular No. 24/2025/TT-BTC dated May 9, 2025, issued by the Minister of Finance to guide the depreciation and amortization of water infrastructure assets, or before the effective date of this Circular as per provincial people's committee regulations, from fiscal year 2026 onwards, the agency, unit, or enterprise managing such assets shall calculate depreciation and amortization in accordance with the provisions of this Circular.

2. For existing water infrastructure assets prior to the effectiveness of Decree No. 74/2026/NĐ-CP but not yet recorded in accounting books, nor depreciated or amortized for previous years of use, the determination of original cost, remaining value, depreciation, and amortization for such years shall be conducted similarly as per the provisions on surplus assets discovered during inventory checks specified in Clause 5 of Article 6, Clause 4 of Article 11, and Articles 12 of this Circular.

3. For water infrastructure assets that have been transferred or received before the effectiveness of this Circular but not yet recorded in the accounting books of the transferring agency, unit, or enterprise, or where the transferring agency, unit, or enterprise has ceased operations due to organizational restructuring according to the two-tier local government model as per decisions by competent authorities, after receiving the transferred assets, the managing agency, unit, or enterprise (the receiving agency, unit, or enterprise) shall determine the original cost, remaining value, depreciation, and amortization of such assets similarly as per provisions on asset receipt in transfer, adjustment, and assignment decisions specified in Clause 3 of Article 6, Clause 4 of Article 11, and Articles 12 of this Circular.

4. For water infrastructure assets that have been recorded in the accounting books of the managing agency, unit, or enterprise according to Circular No. 24/2025/TT-BTC but do not meet the criteria for fixed assets as per this Circular, from fiscal year 2026 onwards, adjustments shall be made to remove such assets from the fixed asset register and maintain separate records in accordance with accounting laws without following the provisions of this Circular.

Article 17. Scope of Application and Enforcement Responsibilities

1. This Circular shall come into force on May 15, 2026, and shall be applicable from the fiscal year 2026.

2. This Circular replaces Circular No. 24/2025/TT-BTC dated May 9, 2025, issued by the Minister of Finance, which provided guidance on depreciation and amortization of water infrastructure assets.

3. In case any legal documents cited in this Circular are amended or replaced by other regulatory documents, such implementation shall be carried out in accordance with the provisions of the amending or replacing document.

4. Central Ministries, central agencies, provincial people's committees, and centrally administered city people's committees shall be responsible for directing the organization to implement asset management, depreciation, amortization, declaration, and reporting on water infrastructure assets as per regulations.

Article 1. Scope of Application

1. This Circular stipulates the management system, depreciation, and amortization of fixed assets related to water infrastructure, and provides guidance on the declaration and reporting of such assets funded and managed by the State.

2. For land areas associated with water engineering projects, only asset categorization shall be monitored; no accounting for the value of the asset shall be conducted. The management and use of land within the scope of water infrastructure assets shall be carried out in accordance with land law and related laws.

1. This Circular does not apply to the following cases:

a) Water infrastructure assets specified in paragraph 2 of Article 1 of Decree No. 74/2026/NĐ-CP dated March 14, 2026, which regulates the management, use, and exploitation of water infrastructure assets.

b) Water infrastructure assets entrusted to enterprises for management under a state capital participation form. The management and amortization of such assets shall be carried out in accordance with the provisions of laws governing the management, use, and amortization of fixed assets applicable to enterprises.

c) Determining the useful life of water infrastructure assets for investment projects aimed at upgrading or expanding assets, as well as maintenance activities.

d) Valuing water infrastructure assets for exploitation purposes or when handling assets through sale.

e) Water infrastructure assets that do not meet the criteria for fixed assets as specified in Article 4 of this Circular. The monitoring of such non-conforming assets shall be carried out in accordance with accounting laws and related regulations.

Article 2. Applicable Subjects

1. The agencies responsible for water resources management as defined in paragraph 1 of Article 2 of Decree No. 74/2026/NĐ-CP shall be the subjects.

2. Entities entrusted with managing water infrastructure assets, as specified in paragraph 2 of Article 6 of Decree No. 74/2026/NĐ-CP (hereinafter referred to as "managing entities"), include:

a) Water resources management agencies.

b) Public sector units.

c) Enterprises wholly owned by the State, which are entrusted with managing and exploiting water infrastructure assets under a form not involving state capital participation in the enterprise.

3. Other entities related to the depreciation and amortization of water infrastructure assets.

Article 3. Water Resources Infrastructure Assets

1. Water resources infrastructure assets are determined at their original value, residual value, depreciation, and amortization in accordance with the provisions of this Circular including:

a) Office premises, management stations (excluding office premises, working offices of agencies, units, enterprises that have been entrusted to manage water resources infrastructure outside the scope of protection of water engineering works).

b) Dams, reservoirs.

c) Gates.

d) Pumping stations.

d) Water conveyance and transfer systems.

e) Embankments.

g) Hydraulic embankments.

h) Monitoring equipment.

i) Warehouses, material storage areas.

k) Boundary markers, signs.

1. Other machinery and equipment serving the management and operation of water engineering works.

m) Other structures and constructions serving the management and operation of water engineering works.

2. Water resources infrastructure assets specified in Point e, Clause 3, Article 12, Decree No. 74/2026/NĐ-CP are special water resources infrastructure assets as defined by water law regulations, where it is impossible to determine their original value; the agreed-upon original value of such asset shall be one Vietnamese đồng (VND). The agency, unit, or enterprise managing such assets shall, in accordance with accounting laws and regulations, monitor the asset on the Financial Statement Explanation, separately account for the investment value of asset upgrades and expansions as per projects utilizing state funds approved by competent authorities (if any), on the unit's ledger according to regulations; no depreciation or amortization shall be calculated in accordance with this Circular.

3. The water resources department at the provincial level reports to the People's Committee Chairperson of the same province for specific listing and definition of special water resources infrastructure assets as specified in Clause 2 of this Article.

Chapter II
REGULATIONS ON THE MANAGEMENT OF WATER RESOURCES INFRASTRUCTURE ASSETS
ARE FIXED ASSETS

Section I

STANDARDS FOR IDENTIFICATION AND PRINCIPLES
MANAGEMENT OF WATER RESOURCES INFRASTRUCTURE ASSETS

Article 4. The standard for water resources infrastructure assets is defined as fixed assets.

1. Determining the water resources infrastructure assets specified in Clause 1, Article 3 of this Circular:

a) Water resources infrastructure assets with independent structure are considered one asset;

b) A system of water resources infrastructure assets consisting of multiple separate components interconnected to perform certain functions; if any component is missing, the entire system cannot operate, then such system is considered one asset.

c) In cases where water resources infrastructure assets are managed and operated by multiple agencies, units, or enterprises, each portion assigned to an agency, unit, or enterprise is considered one asset.

2. Water resources infrastructure assets as specified in Clause 1 of this Article shall be deemed fixed assets if they meet both of the following criteria:

a) Have a useful life for depreciation and amortization of at least one year;

b) Have an original value of VND 30,000,000 or more.

Article 5. Principles and responsibilities of agencies, units, and enterprises managing water resources infrastructure assets

1. Water resources infrastructure assets as specified in Articles 3 and 4 of this Circular must be recorded in a property register for strict management of both physical presence and value according to laws on the management and use of public assets and relevant laws. The original price, depreciation/amortization, and residual value of water resources infrastructure assets deemed fixed assets are whole numbers; if the results of determining these indicators are decimal values, they shall be rounded off in accordance with the provisions for using abbreviated monetary units under accounting law.

2. Each water resources infrastructure asset as specified in Article 4 of this Circular is a separate accounting item. Water resources infrastructure assets must be fully reflected on the ledger according to accounting laws regarding original price, depreciation/amortization, and residual value of the asset.

3. For water resources infrastructure assets no longer required for use but not yet fully depreciated or amortized as per regulations, the agency, unit, or enterprise managing such assets shall continue to manage, monitor, and preserve the asset in accordance with regulations and calculate depreciation/amortization according to this Circular until they are processed according to regulations.

4. For water resources infrastructure assets fully depreciated or amortized but still usable, the agency, unit, or enterprise managing such assets shall continue to manage, use, monitor, and preserve the asset in accordance with regulations without calculating depreciation/amortization.

In cases where water resources infrastructure assets are fully depreciated or amortized but subsequently fall under circumstances requiring a change in original value as per Article 7 of this Circular, depreciation/amortization must be calculated according to the remaining useful life (if any) after the change in original value.

5. In cases where rights to exploit water resources infrastructure assets are leased out, the agency or unit managing such assets shall continue to manage and monitor the asset during the lease period and calculate depreciation/amortization of the asset according to this Circular.

6. In cases of transferring rights to exploit water resources infrastructure assets for a limited term, during the transfer period:

a) The agency or unit managing such assets shall be responsible for monitoring and supervising the fulfillment of obligations by the transferee in accordance with laws and the Limited Term Transfer Contract;

b) No depreciation or amortization shall be calculated according to this Circular but the original value of the asset as recorded on the ledger at the time of transfer must continue to be monitored, and reported on the Financial Statement Explanation in accordance with current accounting law regulations.

c) When the term of transfer of rights to exploit water infrastructure assets expires, the managing authority or entity shall take over the asset according to the contract for transferring rights to exploit such assets and in accordance with the provisions of law. They must re-determine the original cost and residual value of the asset as per paragraph 6 of this Circular, and manage, use, depreciate, and amortize the asset in accordance with Decree No. 74/2026/NĐ-CP and this Circular.

7. Where a part of an asset is used for mixed exploitation or utilized for purposes as specified in paragraph 2 of Article 16 of Decree No. 74/2026/NĐ-CP, the managing authority, entity, or enterprise (the Party with water infrastructure assets) shall continue to manage, monitor, and depreciate the water infrastructure asset in accordance with the provisions of this Circular.

8. The hiring of a business for valuation services, use of valuation certificates, and valuation reports from such businesses shall be carried out in accordance with the laws on prices and related laws.

9. The managing authority, entity, or enterprise has the responsibility to:

a) Conduct accounting for all water infrastructure assets under its management in accordance with current accounting laws; report increases, decreases, depreciation of water infrastructure assets as per legal provisions; ensure that the asset data on the accounting books of the managing authority, entity, or enterprise matches the reported data in the Water Infrastructure Asset Database. If there is a discrepancy between the database and the actual records, adjust the data to be consistent.

b) Conduct periodic inventory checks annually; conduct comprehensive inventories as per decisions by competent authorities; adjust accounting data if discrepancies arise during inventory checks to ensure that the accounting books match the actual fixed asset data accurately.

c) Report and provide information on management, use, and exploitation of water infrastructure assets in accordance with Article 29 of Decree No. 74/2026/NĐ-CP and this Circular.

Part II
ORIGINAL COST, DEPRECIATION, AMORTIZATION, AND RESIDUAL VALUE OF WATER INFRASTRUCTURE ASSETS

Article 6. Determination of the original cost of water infrastructure assets

1. For water infrastructure assets formed from procurement and put into use after the effective date of Decree No. 74/2026/NĐ-CP, the original cost is determined according to the following formula:

Where:

a) Trade discounts, price reductions, or penalties by the seller (if any) are deducted from the invoice value only if the invoice includes all such trade discounts, price reductions, and penalties.

b) Other costs (if any) are reasonable expenses directly related to the procurement of water infrastructure assets that have been incurred by the authority, entity, or enterprise up to the time of putting the asset into use. In cases where common costs arise for multiple water infrastructure assets, allocate such costs among individual assets based on appropriate criteria (such as quantity/length/area/invoice value of the asset with common costs...).

2. For water infrastructure assets formed from new construction and completed and put into use after the effective date of Decree No. 74/2026/NĐ-CP, the original cost is determined as the settlement value approved by competent authorities in accordance with legal provisions. Special cases are specified as follows:

a) For water infrastructure assets that have been put into use (due to completion of construction but without an approved settlement), the managing authority, entity, or enterprise shall record the asset from the date of acceptance and handover for use. The recorded original cost is a provisional estimate. In such cases, the provisional estimated original cost may be selected in the following order:

Settlement audit value;

Proposed approval settlement value;

Contractual settlement value between the investor and contractor (Settlement A-B);

Total investment or project budget approved or most recent adjusted project budget (in case of a revised project budget);

When using provisional estimated original cost for recording, if the procurement or investment value based on audit, proposed approval, or contractual settlement is a common value for multiple assets or asset categories (not separately allocated to each individual asset or category), allocate the provisional estimated original cost among individual assets or categories based on appropriate criteria (such as quantity/detailed budget/tiered market value of the corresponding asset...); if using the contractual settlement audit table, use the most recent determined value (for one category) or total values from multiple tables (for multiple categories);

Upon approval by competent authorities for settlement, the managing authority, entity, or enterprise shall adjust the recorded cost to the approved settlement value and update the accounting records in accordance with accounting laws.

b) In case a project includes multiple items or assets (multiple accounting objects of fixed assets), and there is no separate budgeting, final accounting for each item or asset, then the value of the final accounting approved by the competent authority shall be allocated to each item or asset according to appropriate criteria (such as: detailed quantity of each item or asset/budget of each item or asset/proportion based on the market value of the corresponding asset...), ensuring that costs directly related to a specific fixed asset are attributed to that fixed asset; common costs related to multiple fixed assets shall be allocated in proportion to the direct cost of each fixed asset relative to the total direct cost of all fixed assets.

c) For projects including multiple items or assets (multiple accounting objects of fixed assets) which are invested and inspected separately for each item or asset, the item or asset that has completed construction investment, inspection, and is put into use shall be recorded in the accounting books from the date it is handed over and put into use. The book value to be recorded is the temporary budgeted value as stipulated in point a of this clause.

Upon approval by the competent authority for the final accounting of the project, the entity managing the assets shall allocate the approved final accounting values to each item or asset according to appropriate criteria (such as: detailed quantity of each item or asset/budget of each item or asset/proportion based on the market value of the corresponding asset...), and adjust the accounting books accordingly for items or assets already recorded in the accounting books.

d) In case the final accounting value of the project needs to be adjusted according to the recommendations, conclusions of the competent authority after inspection, audit, investigation, then the entity managing the assets shall adjust the book value according to the recommendations and conclusions of the competent authority.

đ) In cases where the project includes investment in other assets (not infrastructure assets as defined in paragraph 1 of Article 3 and Article 4 of this Circular), the value invested in such other assets must be excluded from the final accounting value of the project when determining the book value of the asset.

3. The book value of water resources infrastructure assets received according to a decision on allocation, transfer decision, or handover decision by the competent authority shall be determined as follows from the date the Decree No. 74/2026/NĐ-CP comes into effect:

Among which:

The book value recorded in the handover and receipt record of assets is confirmed

a1) For water resources infrastructure assets that have been monitored and recorded in accounting books, the book value recorded in the handover and receipt record of assets is the book value of the water resources infrastructure asset already monitored and recorded by the entity, unit, or enterprise transferring, allocating, or handing over the asset. In case the asset has not yet been monitored and recorded in the accounting books by the entity, unit, or enterprise, before submitting to the competent authority for decision on allocation, transfer, or handover of the asset, the entity, unit, or enterprise with the asset shall be responsible for re-evaluating the value of the asset, its depreciation period, and remaining depreciation to record in the handover and receipt record as follows:

For assets being transferred, adjusted, or handed over (water resources infrastructure assets currently being transferred to the entity, unit, or enterprise managing assets as defined in paragraph 2 of Article 2 of this Circular for management) that have not yet been monitored on the accounting books, the re-evaluation of asset value is carried out according to the provisions at points a2, a3, and a4 of this clause.

For assets being transferred, adjusted, or handed over by entities, units, or enterprises not managing assets as defined in paragraph 2 of Article 2 of this Circular, the re-evaluation of asset value is carried out according to relevant laws on re-evaluating the value of such entities' assets. In case there are no relevant legal provisions, the re-evaluation of asset value shall be conducted according to the provisions at points a2, a3, and a4 of this clause.

a2) For water resources infrastructure assets that have not been monitored or recorded in accounting books but have documentation confirming the purchase price or construction cost and the date of use of the asset, the book value recorded in the handover and receipt record is determined according to the provisions at paragraphs 1 and 2 of this clause.

a3) For water resources infrastructure assets that have not been monitored or recorded in accounting books and do not have documentation confirming the purchase price or construction cost as per point a2 of this clause but have evidence to determine the date of use and the new purchase price of similar assets or the new construction cost of assets with equivalent technical standards at the time of use, the book value for recording in the handover and receipt record is determined according to the following formula:

Among which:

The new purchase price for assets other than buildings, structures is the market price of a new identical asset sold on the market at the time of use of the asset.

The new construction cost for assets with equivalent technical standards applies to assets such as buildings, structures (including buildings, structures formed through procurement) and is determined according to the following formula:

Value of other structures attached to the building or project section (such as: ceiling, floor/other criteria if applicable) determined according to the regulations of the specialized management department (or specific regulations of the local area where the asset is located) at the time of use of the asset

The new construction cost for assets with equivalent technical standards is issued by the specialized management department (or specific regulations of the local area where the asset is located) at the time of use of the asset.

a4) For infrastructure assets in water resources that have not been tracked, recorded in the accounting books without a basis to determine the original cost of the infrastructure asset as provided in points a2 and a3 of this clause, the agency, unit, or enterprise shall hire an enterprise for valuation assessment to reassess the remaining value of the asset, its usage period to calculate the residual depreciation of the asset, thereby determining the original cost recorded on the Asset Transfer and Receipt Register according to the following formula:

Original cost of infrastructure assets in water resources

The cost of hiring an enterprise for valuation assessment shall be allocated from the state budget in accordance with the provisions of the law on the state budget and shall be included in the original cost of the asset.

b) Other costs (if any) are reasonable costs directly related to the receipt of infrastructure assets in water resources that have been transferred or reallocated, which the agency, unit, or enterprise has incurred up to the time the asset is put into use. In cases where general costs arise for multiple infrastructure assets in water resources, the agency, unit, or enterprise shall allocate such costs among each asset according to appropriate criteria (such as: quantity/length/area/value of the asset generating general costs/other criteria if applicable).

4. For infrastructure assets in water resources that still lack information to determine their value, the valuation of the asset shall be determined in accordance with the provisions at point d of paragraph 3 of Article 12 of Decree No. 74/2026/NĐ-CP.

5. For infrastructure assets in water resources where a surplus is discovered during inventory checks, the original cost of the asset shall be determined according to the provisions of paragraphs 1, 2, 3 and 4 of this article depending on their source and usage period.

6. For infrastructure assets in water resources that are received by an agency or unit after the expiration of a limited-term exploitation right as provided at point c of paragraph 6 of this Circular, the original cost shall be determined according to the following formula:

Original cost of infrastructure assets in water resources

Wherein, the additional value due to investment in upgrading and expansion based on a project approved by an authorized agency or person shall be determined according to the provisions at point a of paragraph 2 of this article.

Article 7. Cases for Changing the Original Cost of Infrastructure Assets in Water Resources

1. Reassessing the value of infrastructure assets in water resources during inventory checks as per the decision of the Prime Minister;

2. Implementing upgrades and expansions of assets based on a project approved by an authorized agency or person;

3. Dismantling one or several parts of the infrastructure asset in water resources (excluding cases where dismantling is for maintenance purposes), except when dismantling occurs due to natural disasters, force majeure events, or other sudden impacts.

4. Installing additional parts of the infrastructure assets in water resources;

5. Infrastructure assets in water resources that are partially lost or severely damaged by natural disasters, unforeseen incidents, or other sudden impacts (excluding cases where such assets are repaired according to laws on maintenance of construction works, water resource laws, or restored through insurance compensation or indemnity from relevant organizations or individuals).

6. Changes in the original cost of infrastructure assets in water resources as provided for in this Article shall not apply to special assets specified at paragraph 2 of Article 3 of this Circular.

Article 8. Determination of Asset Cost for Water Resources Infrastructure Assets in Cases of Changing Asset Cost

When there arises a change in the asset cost of water resources infrastructure assets as provided in Paragraph 7 of this Circular, the agency, unit, or enterprise managing such assets shall prepare a Record specifying the reason (case) for the change in asset cost; simultaneously re-determine the asset cost indicators for the water resources infrastructure assets to serve as the basis for determining the depreciation and residual value of the asset for adjusting accounting records and implementing management, calculation of depreciation, and amortization of the asset according to the provisions of this Circular.

The determination of the asset cost for water resources infrastructure assets in cases of changing asset costs provided in Paragraph 7 of this Circular shall be carried out as follows:

1. For the case provided in Paragraph 1 of Article 7 of this Circular, the asset cost of the water resources infrastructure assets is re-determined according to the guidance from the competent authority for inventory and valuation.

2. For the case provided in Paragraph 2 of Article 7 of this Circular, the asset cost of the water resources infrastructure assets is re-determined by adding (=) the current book value plus (+) the additional value due to investment in upgrading or expanding the water resources infrastructure assets approved by the competent authority. The additional value due to investment in upgrading or expanding the assets according to a project approved by the competent authority shall be determined similarly as provided in Paragraph 2 of Article 6 of this Circular. The investor is responsible for promptly transferring complete documentation and information on asset values, and performing final accounting in accordance with legal provisions.

In cases where an investment project approved by the competent authority involves construction, upgrading, or expansion of assets other than water resources infrastructure assets but includes investment into existing water resources infrastructure assets, and where the investor is not the agency, unit, or enterprise managing such assets, the additional value due to investment in upgrading or expanding the water resources infrastructure assets is the portion of the project's final accounting value allocated to the water resources infrastructure assets as determined by the competent authority.

3. For the case provided in Paragraph 3 of Article 7 of this Circular where a part or parts of the water resources infrastructure assets are dismantled and disposed, the asset cost of the water resources infrastructure assets is re-determined by subtracting (-) the value of the dismantled or disposed part(s) from the current book value plus (+) reasonable costs directly related to the dismantling and disposal incurred by the agency, unit, or enterprise managing such assets up to the completion of the dismantling and disposal.

Among which, the value of the dismantled or disposed part(s) is determined as follows:

a) Where there are records specifying the purchase price, final accounting value, or budgeted value of the dismantled or disposed part(s), the value of the dismantled part is determined according to such purchase price, final accounting value, or budgeted value;

b) Where no record as specified in point a of this paragraph exists but allocation of the asset cost for the water resources infrastructure assets can be made based on appropriate criteria (such as construction area, quantity, purchase price, budget...), the value of the dismantled part(s) is determined according to the allocated value;

c) Where no record as specified in points a and b of this paragraph exists and allocation of the asset cost for the water resources infrastructure assets cannot be made, the value of the dismantled or disposed part(s) is determined as the new purchase price of such part(s) on the market at the time of putting the asset into use.

Where it is not possible to determine the new purchase price of the dismantled or disposed part(s) on the market at the time of putting the asset into use, the agency, unit, or enterprise managing such assets shall select a business for valuation and use its determination as the basis for determining the asset cost after dismantling and disposal.

4. For the case provided in Paragraph 4 of Article 7 of this Circular where additional parts are installed on water resources infrastructure assets, the asset cost of the water resources infrastructure assets is re-determined by adding (=) the current book value plus (+) the additional value due to installation of one or more parts of the water resources infrastructure assets plus (+) reasonable costs directly related to the installation incurred by the agency, unit managing such assets up to the completion of the installation.

Among which, the additional value due to installation of one or more parts is determined according to corresponding cases provided in Article 6 of this Circular.

5. For the case provided in Paragraph 5 of Article 7 of this Circular, the agency, unit, or enterprise managing such assets shall engage a business for valuation to re-evaluate the residual value and remaining depreciation period of the asset in accordance with the provisions of Article 10 of this Circular for damaged assets recorded on the Record. The asset cost of the water resources infrastructure assets in this case is determined as follows:

Remaining Depreciation Period of the Asset

6. The costs of engaging a business for valuation provided for in this Article shall be allocated from the state budget in accordance with legal provisions on the state budget and included in the asset cost.

Article 9. Principles of Depreciation and Amortization of Water Resources Infrastructure Assets

1. Water resources infrastructure assets are fixed assets currently managed by an agency, unit, or enterprise that must be depreciated in accordance with the provisions of this Circular, except as provided in Clause 2 and Clause 3 hereof.

2. Depreciation of water resources infrastructure assets shall be accrued where the price of water products or services is calculated (incorporating) a portion or all of the depreciation costs into the cost of production or service prices for water products or services.

Specifically, with respect to water resources infrastructure assets transferred to public sector units that are self-sufficient in recurrent and investment management expenses, such public sector units may be authorized by competent authorities to incorporate depreciation costs into the price of water products or services. Where the cost of public service is not included in the depreciation according to relevant laws, depreciation shall be calculated in accordance with the provisions of this Circular.

3. Agencies, units, and enterprises managing water resources infrastructure assets are exempt from calculating depreciation and amortization for:

a) Assets that have not yet fully depreciated or amortized but are damaged beyond repair;

b) Assets that have fully depreciated or amortized but remain in use;

c) Water resources infrastructure assets during the period of limited exploitation rights transfer.

4. The calculation of depreciation and amortization of water resources infrastructure assets is based on the following criteria: Type of asset (Complete water supply system/individual infrastructure asset); time for calculating depreciation and amortization of water resources infrastructure assets; rate of depreciation and amortization; accounting period in accordance with current accounting regulations.

b) Based on the circumstances of incorporating depreciation costs into the price of water products or services, agencies, units, and enterprises shall determine the method of calculating depreciation and amortization of water resources infrastructure assets as follows:

For water resources infrastructure assets not incorporating (allocating) any part of the depreciation cost into the price of water products or services, agencies, units, and enterprises managing such assets shall calculate full depreciation;

For water resources infrastructure assets fully incorporating all depreciation costs into the price of water products or services, agencies, units, and enterprises managing such assets shall accrue full amortization;

For water resources infrastructure assets partially incorporating part of the depreciation cost into the price of water products or services, agencies, units, and enterprises managing such assets shall both calculate depreciation and accrue amortization.

5. The calculation of depreciation and amortization of water resources infrastructure assets is as follows:

a) Depreciation calculations are performed once annually on December 31 before closing the accounting books and in accordance with Article 11 of this Circular.

b) For water resources infrastructure assets fully depreciated, the accrual of depreciation shall be carried out according to the provisions for the depreciation of fixed assets applicable to enterprises.

c) For water resources infrastructure assets partially depreciated and amortized, both the calculation of depreciation and the accrual of amortization are performed on a monthly basis in accordance with Article 11 of this Circular.

c) For infrastructure assets in the water sector that are subject to depreciation and amortization, the calculation of depreciation and amortization is carried out monthly and in accordance with the provisions of Article 11 of this Circular.

Article 10. List of Assets, Depreciation Periods, Depreciation Rates and Methods for Asset Depreciation

1. Where the accounting entry is a system

2. Where the accounting entry is an individual asset

The list of assets, depreciation periods, and depreciation rates for infrastructure assets in water management (excluding the depreciation period for assets specified in Clauses 3, 4, 5, and 6 of this Article) shall be as follows:

3. For infrastructure assets in water management whose original cost has been changed due to the implementation of an upgrade or expansion project according to a project approved by competent authorities as stipulated in Clause 2 of Circular No. 07/2025/TT-BKHĐT, the depreciation period and depreciation rate for the asset shall be equal to the accumulated depreciation period and depreciation rate before the change in original cost plus the remaining depreciation period and depreciation rate after the upgrade, renovation, or expansion.

Among which, the remaining depreciation period and depreciation rate of the asset after the upgrade, expansion is determined according to the following formula:

The annual depreciation amount for the asset from the year when the original cost was changed shall be determined in accordance with the provisions of Clause 1 of Circular No. 07/2025/TT-BKHĐT.

4. For infrastructure assets in water management whose original cost has been changed due to damage or severe destruction by natural disasters, force majeure events, or other sudden impacts as stipulated in Clause 5 of Circular No. 07/2025/TT-BKHĐT, the depreciation period and depreciation rate for the asset shall be equal to the accumulated depreciation and amortization period before the change in original cost plus the remaining depreciation and amortization period after reassessment.

5. For infrastructure assets in water management whose original cost has been adjusted or changed according to the provisions of Item a, Item d of Clause 2 of Circular No. 07/2025/TT-BKHĐT, Clauses 3 and 4 of Circular No. 07/2025/TT-BKHĐT:

a) Where the year when the original cost was adjusted or changed has not yet ended the depreciation period and amortization period as stipulated for the asset, the depreciation and amortization period for the asset shall be calculated until the year in which the remaining value of the asset on December 31st of the preceding year is less than or equal to the annual depreciation and amortization amount of the asset.

Where the month when the original cost was adjusted or changed has not yet ended the amortization period as stipulated for the asset, the amortization period for the asset shall be calculated until the month in which the remaining value of the asset on December 31st of the preceding year divided by 12 is less than or equal to the monthly depreciation amount of the asset.

b) Where the year when the original cost was adjusted or changed has already ended the depreciation and amortization period as stipulated for the asset, one additional year shall be added to the depreciation and amortization period (the year in which the adjustment or change in original cost occurred) to handle the increased or decreased value due to the adjustment or change in original cost.

Where the month when the original cost was adjusted or changed has already ended the amortization period as stipulated for the asset, one additional month shall be added to the amortization period (the month in which the adjustment or change in original cost occurred) to handle the increased or decreased value due to the adjustment or change in original cost.

6. Based on the scale, level, and category of works; based on the depreciation periods and depreciation rates stipulated in Clauses 1 and 2 of this Article; based on the proposals from asset management agencies, units, enterprises, and their superior administrative bodies (if any); and based on reports from provincial water resources authorities, the People's Committee of the province shall decide or delegate decisions regarding specific depreciation periods and depreciation rates for each system and individual assets (each accounting entry subject) within the framework stipulated in Clauses 1 and 2 of this Article to ensure consistency.

7. For infrastructure assets in water management that integrate various technological components, including cybersecurity and data protection as per laws on cybersecurity and science and technology; where different technical lifespans or changes in technology lead to actual usage periods not conforming to the general provisions of this Circular, provincial water resources authorities shall cooperate with relevant agencies to appraise and submit decisions regarding specific usage periods and depreciation rates for each type of asset or system of assets. Such decisions must be based on the technical documentation from manufacturers and ensure principles of efficiency, economy, and prevention of state budget loss.

Article 11. Methods of Depreciation and Amortization

1. Depreciation and amortization rates:

a) For water infrastructure assets, only depreciation: The annual depreciation rate for each water infrastructure asset is calculated according to the following formula:

Depreciation rate (% per year)

Wherein:

The original cost of water infrastructure assets shall be determined in accordance with the provisions of Article 6 and Article 8 of this Circular;

The depreciation rate is determined in accordance with the provisions of Article 10 of this Circular.

b) For water infrastructure assets, only amortization: The amount of amortization is carried out according to the provisions on amortization of fixed assets applicable to enterprises.

c) For water infrastructure assets that both depreciate and amortize: The monthly depreciation and amortization amounts for each water infrastructure asset are calculated as follows:

c1) Amortization amount equals ( = ) the amortization cost allocated into the price of water products, services during the amortization period of the water infrastructure asset.

c2) Depreciation is calculated according to the formula as follows:

Depreciation calculation based on paragraph a of this point

2. Accumulated depreciation and amortization already accrued:

a) For water infrastructure assets, only depreciation: The accumulated depreciation amount up to December 31st of year (n) is calculated according to the following formula:

b) For water infrastructure assets, only amortization: The amount of amortization already accrued is carried out according to the provisions on amortization of fixed assets applicable to enterprises.

c) For water infrastructure assets that both depreciate and amortize: The accumulated depreciation and amortization amounts are calculated according to the following formula:

3. Depreciation and amortization calculation for the final year/period of use of the water infrastructure asset:

a) For water infrastructure assets, only depreciation: The depreciation amount for the final year of the asset's usage period is calculated according to the following formula:

Original cost of water infrastructure asset as provided in Article 6 of this Circular

Accumulated depreciation of asset up to before the final year determined in accordance with the provisions at point a, paragraph 2 of this article

Depreciation amount for the final year

b) For water infrastructure assets, only amortization: The amortization amount for the final accounting period of the asset's usage period is carried out according to the provisions on amortization of fixed assets applicable to enterprises.

c) For water infrastructure assets that both depreciate and amortize: The depreciation and amortization amounts for the final accounting period of the asset's usage period are calculated according to the following formula:

Depreciation and amortization amount for the final accounting period

4. For water infrastructure assets transferred, received, or reallocated as provided in paragraph 3 of Article 6 of this Circular but not yet recorded in the accounting books, or when inventory reveals excesses as provided in paragraph 5 of Article 6 of this Circular, the entity receiving such assets has the responsibility to calculate depreciation and amortization from the year the asset is put into use, the year the inventory discrepancy arises for recording purposes; the annual depreciation and amortization amounts of the asset starting from the first year recorded at the managing entity are determined according to the formula specified in paragraph 1 of this Article.

For the first year recorded at the managing entity (the year the managing entity receives the asset/the year the inventory discrepancy arises), the depreciation amount is calculated according to the following formula:

In case the transfer, receipt, or reallocation year differs from the year when the managing entity submits for decision-making authority approval of the transfer, receipt, or reallocation, the entity with such assets must supplement the depreciation and amortization amounts for the period from the submission year to the transfer, receipt, or reallocation year and record them in the Asset Transfer, Receipt Record. The annual depreciation amount is calculated according to the formula specified in paragraph 1 of this Article.

1. Remaining value of water infrastructure assets only depreciated: The remaining value as of December 31st of year (n) is calculated according to the following formula:

Remaining value of water infrastructure asset as of December 31st of year (n)

Accumulated depreciation of asset up to December 31st of year (n)

Original cost of the asset

2. Remaining value of water infrastructure assets only amortized: The remaining value as of December 31st of year (n) is calculated according to the following formula:

Remaining value of water infrastructure asset as of December 31st of year (n)

Amortization amount already accrued up to December 31st of year (n)

3. Remaining value of water infrastructure assets that both depreciate and amortize: The remaining value is calculated according to the following formula:

Remaining value of water infrastructure asset as of December 31st of year (n)

4. For water infrastructure assets received by an entity when the lease period for exploiting such assets has expired or terminated early in accordance with point c, paragraph 6 of Article 5 of this Circular, the managing entity shall have the asset appraised by a business to reassess its remaining value, time for depreciation, and amortization according to the provisions at Article 10 of this Circular.

5. The remaining value of water infrastructure assets that are partially lost or severely damaged due to natural disasters, force majeure events, or other sudden impacts (except where such assets are repaired in accordance with provisions on maintenance of construction projects, water resources laws, or restored through insurance or compensation by relevant organizations or individuals) as provided for in Clause 5 of this Circular is the re-evaluated value as provided for in Clause 5 of this Circular.

Chapter III
DECLARATION AND REPORTING OF WATER INFRASTRUCTURE ASSETS
WATER INFRASTRUCTURE

Article 13. Declaration and Reporting of Water Infrastructure Assets

Annually, the agency, unit, or enterprise managing such assets shall be responsible for reporting on the management, utilization, and exploitation of water infrastructure assets; such reports may be submitted promptly upon request by a competent state authority and updated in the Water Infrastructure Asset Database for unified management. The form, timing of data cutoff, and deadline for submitting annual reports on the management, utilization, and exploitation of water infrastructure assets shall be conducted in accordance with Article 29 of Decree No. 74/2026/NĐ-CP.

Article 14. Initial Declaration and Supplementary Declaration Forms for Water Infrastructure Assets

The declaration form for initial registration of water infrastructure assets as provided for in Clause 2, Article 29 of Decree No. 74/2026/NĐ-CP is as follows:

1. The initial declaration form according to Form No. 01A attached hereto shall apply to:

Existing water infrastructure assets at the time of the entry into force of Decree No. 74/2026/NĐ-CP (including assets that were initially declared in accordance with Decree No. 8/2025/NĐ-CP dated January 9, 2025, which regulates the management, utilization, and exploitation of water infrastructure assets).

Water infrastructure assets arising from the date of entry into force of Decree No. 74/2026/NĐ-CP.

2. The supplementary declaration form according to Form No. 01B and Form No. 01C attached hereto shall apply in cases where there are changes in information regarding the agency, unit, or enterprise managing water infrastructure assets or information about initially declared water infrastructure assets.

Article 15. Forms for Reporting on Management, Utilization, and Exploitation of Water Infrastructure Assets

The form for reporting on management, utilization, and exploitation of water infrastructure assets as provided for in Clause 5, Article 29 of Decree No. 74/2026/NĐ-CP is as follows:

1. The consolidated report on the management and utilization of water infrastructure assets according to Form No. 02A attached hereto.

2. The consolidated report on the exploitation of water infrastructure assets according to Form No. 02B attached hereto.

Chapter IV IMPLEMENTATION CONDITIONS

Article 16. Transitional Provisions

1. In cases where water infrastructure assets have been depreciated or amortized in accordance with Circular No. 24/2025/TT-BTC dated May 9, 2025, issued by the Minister of Finance to guide the depreciation and amortization of water infrastructure assets, or before the entry into force of this Circular, where provincial people's committees have provided regulations, from fiscal year 2026 onwards, the agency, unit, or enterprise managing such assets shall implement the depreciation and amortization in accordance with this Circular.

2. In cases where water infrastructure assets existed before the entry into force of Decree No. 74/2026/NĐ-CP but have not been recorded in the accounting books, nor depreciated or amortized for previous years of use, the determination of original cost, remaining value, depreciation, and amortization for such years shall be conducted similarly to the case where water infrastructure assets are found to be in excess during inventory as provided for in Clause 5, Article 6; Clause 4, Article 11; and Articles 12 of this Circular.

3. In cases where water infrastructure assets have been transferred or received before the entry into force of this Circular but have not yet been recorded on the accounting books of the transferring agency, unit, or enterprise, or where the transferring agency, unit, or enterprise has ceased operations due to organizational restructuring according to the two-tier local government model as per a decision by a competent authority, after receiving transferred assets, the managing agency, unit, or enterprise (the receiving agency, unit, or enterprise) shall be responsible for determining the original cost, remaining value, depreciation, and amortization of such assets similarly to the case of receiving assets in accordance with transfer decisions, transfer decisions, and assignment decisions as provided for in Clause 3, Article 6; Clause 4, Article 11; and Articles 12 of this Circular.

4. For water infrastructure assets that have been recorded on the accounting books of the managing agency, unit, or enterprise according to Circular No. 24/2025/TT-BTC but do not meet the criteria for fixed assets as provided in

this Circular, from fiscal year 2026 onwards, such assets shall be adjusted out of the fixed asset register and recorded separately in accordance with accounting laws without following the provisions of this Circular.

Article 17. Effectiveness and Implementation Responsibility

1. This Circular shall come into effect for implementation from May 15, 2026, and shall be applicable to the fiscal year 2026.

2. This Circular shall replace Circular No. 24/2025/TT-BTC dated May 9, 2025, issued by the Minister of Finance, which provided guidance on depreciation and amortization of water infrastructure assets.

3. In case any legal documents cited in this Circular are amended, supplemented, or replaced by other regulatory documents, such implementation shall be carried out in accordance with the provisions of the amending, supplementing, or replacing document.

4. Central Ministries, central agencies, People's Committees of provinces and municipalities directly under the Central Government have the responsibility to direct the organization for implementing the management, depreciation, amortization, declaration, and reporting on water infrastructure assets in accordance with the provisions

Central Committee of the Party;

Prime Minister and Deputy Prime Ministers of the Government;

Central Party Office and various Party Committees;

Office of the General Secretary:

National Assembly Office;

Office of the Government;

Supreme People's Procuratorate;

Supreme People's Court;

National Audit Office;

Ministries, agencies at the same level as ministries, and agencies under the Central Party Committee;

Central organs of mass organizations;

People's Councils and People's Committees of provinces and cities directly under the central government;

Department of Legal Text Examination and Implementation (Ministry of Justice);

Gazette;

Government Electronic Information Portal;

Ministry of Finance Electronic Information Portal;

Units under the Ministry of Finance;

Lru: VT, QLCS. (70/10)

Annex

SAMPLE FORMS
(Attached to Circular No. 54../2026/NĐ-CP dated May 15... 2026 of the Minister of Finance)

Form No. 01A

People's Committee of Province/City...

Initial Declaration of Water Infrastructure Assets
A. Information on the Reporting Subject

Unit Code:

Asset Type:

B. Information on the Person Preparing the Form

Full Name:

…, date ... month ... year ...

Reporting Subject: The entity, unit, or enterprise managing assets as specified in paragraph 2 of Article 6 of Decree No. 74/2026/NĐ-CP dated March 14, 2026, and paragraph 2 of this Circular.

2) Asset List: Record the asset names according to the classification as specified in Article 10 of the relevant decree.

Column (4) Basic Parameters: Record the basic parameters of the assets as required for management.

Column (5) Year Placed into Service: Record the year when the asset was first placed into service. In case the asset has not been recorded in the accounting books and there is no basis to determine the date of placing the asset into service, record N/A.

Column (6) Land Area Declared in Column 6 refers to the land area as specified in the decision on land allocation, lease, or relevant authority's document; or the land area according to the boundary marker records for the protected area of the project/section; or the actual managed and used land area.

Column (7) Original Cost: As per Article 12 of Decree No. 74/2026/NĐ-CP and Articles 6, 7, and 8 of this Circular.

Column (8) Depreciation (Cumulative)/Column (9) Amortization Rate (Cumulative): As per Article 11 of this Circular.

Column (10) Net Value is the remaining value: As per Article 12 of this Circular.

Column (11) Which Depreciation/Amortization Method: Record which depreciation/amortization method applies to the asset. Column (12) Still in Use: Record 1 if the asset is still in use; record 0 if the asset is no longer in use.

Column (13) Damaged, Not Usable: Record 1 if the asset is damaged and not usable; record 0 if the asset is still usable.

Form No. 01B

People's Committee of Province/City...

Supplementary Information Declaration
A. Information on the Organization, Unit, or Enterprise Managing Assets

Name of the organization, unit, or enterprise managing assets: …Unit Code:…

B. Information on Changes

(Sign and Record Full Name and Seal)

The organization, unit, or enterprise managing assets as specified in paragraph 2 of Article 6 of Decree No. 74/2026/NĐ-CP dated March 14, 2026, and paragraph 2 of this Circular. Column (3) Previously Declared Information: Refers to the information at Form No. 01A attached to this Circular. Asset Utilization Method: As per Article 16 of Decree No. 74/2026/NĐ-CP.

Form No. 01C

People's Committee of Province/City...

Declaration of Increase or Decrease in Water Infrastructure Assets
A. Information on the Organization, Unit, or Enterprise Managing Assets

Unit Code:…

B. Information on Assets

Units: VND

…, date ... month ... year ...

Guidance on Preparing Form No. 01C:

The organization, unit, or enterprise managing assets as specified in paragraph 2 of Article 6 of Decree No. 74/2026/NĐ-CP dated March 14, 2026, and paragraph 2 of this Circular.

Column (4) Disposal Decision: For various asset disposal methods as per Articles 23, 24, 25, 26, and 27 of Decree No. 74/2026/NĐ-CP.

Columns (6), (7), (8): As per Article 28 of Decree No. 74/2026/NĐ-CP.

Form No. 01D

People's Committee of Province/City...

Operation Status of Water Infrastructure Assets
(By each asset utilization method)
A. Information on the Organization, Unit, or Enterprise Managing Assets

Unit Code:…

B. Information on Asset Utilization Status

I

Columns (4), (5), (6), (7) Asset Utilization Contract: As per Articles 18 and 19 of Decree No. 74/2026/NĐ-CP.

Columns (8), (9) Approved Investment Projects for Upgrading or Expanding Assets: As per Article 19 of Decree No. 74/2026/NĐ-CP.

Columns (10), (11), (12): As per Article 21 of Decree No. 74/2026/NĐ-CP.

Column (10), (11), (12): In accordance with the provisions of Article 21 of Decree No. 74/2026/NĐ-CP.

Form No. 02A

REPORT

Reporting Period ...

MODEL NO. 02B

REPORT

Reporting period ...