Circular No. 70/2026/TT-BTC stipulates the management regime, depreciation of road infrastructure assets, and guides the declaration and reporting on road infrastructure assets.

 

CIRCULAR

Providing for management regime depreciation

of road infrastructure assets and guiding the declaration,

reporting on road infrastructure assets

 

 

 

 

Pursuant to Law on Management and Use of State Property No. 15/2017/QH14 amended and supplemented by Law No. 64/2020/QH14, Law No. 07/2022/QH15, Law No. 24/2023/QH15, Law No. 31/2024/QH15, Law No. 43/2024/QH15, Law No. 56/2024/QH15, and Law No. 90/2025/QH15;

Pursuant to Decree No. 44/2024/NĐ-CP dated April 24, 2024 of the Government providing for management, use, and exploitation of road infrastructure assets amended and supplemented by Decree No. 99/2026/NĐ-CP dated March 31, 2026 of the Government;

Pursuant to Decree No. 29/2025/NĐ-CP dated February 24, 2025 of the Government providing for functions, tasks, powers, and organizational structure of the Ministry of Finance amended and supplemented by Decree No. 166/2025/NĐ-CP dated June 30, 2025 of the Government;

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

The Minister of Finance promulgates this Circular providing for management regime, depreciation of road infrastructure assets and guiding the declaration, reporting on road infrastructure assets.

 

Chapter I

GENERAL PROVISIONS

Article 1. Scope of Regulation

1. This Circular provides for the management regime, depreciation of road infrastructure assets which are fixed assets and guides the declaration, reporting on road infrastructure assets invested in and managed by the State.

2. This Circular does not regulate the following cases:

a) Road infrastructure assets as defined in Clause 2, Article 1 of Decree No. 44/2024/NĐ-CP dated April 24, 2024 of the Government providing for management, use, and exploitation of road infrastructure assets (hereinafter referred to as Decree No. 44/2024/NĐ-CP).

b) Determining the useful life of road infrastructure assets to implement investment projects for construction, upgrading, renovation, expansion, and maintenance of road infrastructure assets.

c) Determining the value of road infrastructure assets as the starting price for auctioning the transfer of usage rights, leasing the exploitation rights, and transferring exploitation rights with a term.

d) Determining the value of road infrastructure assets as the basis for determining the state capital contribution value in enterprises when hiring valuation services, selling assets as provided for in Article 26, Clause 4, Article 32 of Decree No. 44/2024/NĐ-CP, amended and supplemented by Articles 17 and 21 of Decree No. 99/2026/NĐ-CP dated March 31, 2026 of the Government (hereinafter referred to as Decree No. 99/2026/NĐ-CP).

đ) Road infrastructure assets that do not meet the criteria of fixed assets as stipulated in Article 4 of this Circular. The tracking of assets that do not meet the criteria of fixed assets shall be carried out in accordance with the provisions of accounting laws and other relevant laws.

Article 2. Applicability

1. State management agencies for roads include: Ministry of Construction; People's Committees of provinces and centrally governed cities (hereinafter referred to as Provincial People's Committees).

2. Road management agencies as defined in Clause 2, Article 2 of Decree No. 44/2024/NĐ-CP, amended and supplemented by Article 1 of Decree No. 99/2026/NĐ-CP, include: Central road management agencies, provincial road management agencies, and commune-level road management agencies.

3. Agencies and units entrusted with managing road infrastructure assets (hereinafter referred to as agencies and units managing assets) as defined in Clause 3, Article 2 of Decree No. 44/2024/NĐ-CP, amended and supplemented by Article 1 of Decree No. 99/2026/NĐ-CP, include: Central agencies and units managing assets, provincial agencies and units managing assets, and commune-level agencies and units managing assets.

4. Organizations and units directly implementing accounting, managing files, storing files, declaring reports, entering information into the Database on Road Infrastructure Assets and other contents according to the分级任务的原因是确保每个部分都能被准确无误地翻译，同时保持文本的连贯性和专业性。以下是直接翻译结果，没有进一步解释或合并：

5. Other entities related to the management, depreciation of road infrastructure assets and declaration, reporting on road infrastructure assets.

Article 3. Provisions on Road Infrastructure Assets

Road infrastructure assets shall be determined for original cost, residual value, and depreciation according to the provisions of this Circular as specified in Article 3 of Decree No. 44/2024/NĐ-CP and detailed in Clause 1, Article 10 of this Circular.

As for the portion of land within the road safety zone that has been compensated and cleared according to point n, Clause 1, Article 3 of Decree No. 44/2024/NĐ-CP, it shall be monitored in terms of physical assets; it does not need to be determined for original cost, residual value, and depreciation according to the provisions of this Circular. The asset management agency or unit shall be responsible for monitoring the asset in the financial statement notes in accordance with current accounting laws.

Chapter II

PROVISIONS ON MANAGEMENT OF ROAD INFRASTRUCTURE ASSETS

AS FIXED ASSETS

Section I

IDENTIFICATION CRITERIA AND PRINCIPLES

OF ROAD INFRASTRUCTURE ASSET MANAGEMENT

Article 4. Criteria for identifying road infrastructure assets as fixed assets

1. Identifying road infrastructure assets as stipulated in Article 3 of this Circular (excluding the portion of land within the road safety zone that has been compensated and cleared):

a) An independent structure shall be identified as a single asset.

b) A system consisting of multiple individual asset components interconnected to perform one or several specific functions, such that if any component is missing, the entire system cannot operate, shall be identified as a single asset.

c) A system consisting of multiple types of individual asset components interconnected to perform one or several specific functions, where each type of individual asset component has a different depreciation period, shall be identified as separate assets or the system shall be identified according to the main type of asset as stipulated in Clause 1 and Clause 5, Article 10 of this Circular.

d) In cases where a system is assigned to multiple agencies or units for management, the portion of the asset assigned to each agency or unit shall be considered a single asset.

2. Road infrastructure assets as stipulated in Clause 1 of this Article shall be identified as fixed assets when they meet both of the following criteria simultaneously:

a) They have a depreciation period of one year or more.

b) Their original cost is thirty million dong or more.

Article 5. Principles of Management and Responsibilities of Agencies or Units Managing Road Infrastructure Assets infrastructure of road transport

1. Road infrastructure assets as stipulated in Articles 3 and 4 of this Circular must be documented in asset records to manage strictly in terms of physical assets and value in accordance with laws on managing and using state assets and related laws. Indicators such as original cost, depreciation, and residual value of the asset are whole numbers; in cases where these indicators result in decimal numbers, they shall be rounded off according to the regulations on simplified monetary units under accounting laws.

2. Each road infrastructure asset as stipulated in Articles 3 and 4 of this Circular is a separate accounting entry. Road infrastructure assets must fully reflect and record information about their original cost, depreciation, and residual value on accounting books in accordance with accounting laws.

3. For road infrastructure assets that are no longer needed but have not yet been fully depreciated according to regulations, the asset management agency or unit shall continue to manage, monitor, and preserve the asset in accordance with current regulations and calculate depreciation according to this Circular until it is processed according to regulations.

4. For road infrastructure assets that have been fully depreciated but are still in use, the asset management agency or unit shall continue to manage, use, monitor, and preserve the asset in accordance with current regulations without having to calculate depreciation.

If road infrastructure assets that have been fully depreciated subsequently fall under the category of changes in original cost as stipulated in Article 7 of this Circular, depreciation must be calculated according to regulations for the remaining usage period (if any) after the change in original cost.

5. In cases of transferring the right to collect fees for using assets or leasing the right to exploit road infrastructure assets, the asset management agency or unit shall continue to manage, monitor, and calculate depreciation of the asset according to this Circular during the period of transferring the right to collect fees for using assets or leasing the right to exploit assets.

6. In cases of transferring the right to exploit road infrastructure assets for a limited period, during the transfer period, the asset management agency or unit (the transferring party):

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

b) Shall not calculate depreciation of the asset according to this Circular but must continue to monitor the original cost of the asset recorded at the time of transfer on the accounting books and disclose in the financial statement notes in accordance with accounting laws.

c) When the limited-term exploitation right transfer period ends (including cases of terminating the contract prematurely), the asset management agency or unit shall take back the asset according to the limited-term asset exploitation transfer contract and relevant laws; re-determine the original cost and residual value of the asset according to Clause 5, Article 6 and Article 12 of this Circular to manage and calculate depreciation according to Decree No. 44/2024/NĐ-CP, amended and supplemented by Decree No. 99/2026/NĐ-CP and this Circular.

7. In cases where part of the road infrastructure asset is used for mixed exploitation or for purposes stipulated in Clause 3, Article 6 of Decree No. 99/2026/NĐ-CP, the asset management agency or unit (the party owning the road infrastructure asset) shall continue to manage, monitor, and calculate depreciation of the road infrastructure asset according to this Circular.

8. In cases where existing road infrastructure assets are used to participate in public-private partnership investment projects, during the period when the asset is handed over to the investor to implement the project, the agency or unit managing the asset shall:

a) Be responsible for monitoring and reporting on the portion of the asset used to participate in the project during the process of transferring it to the investor to implement the project.

b) Not calculate depreciation of the asset as prescribed in this Circular and must continue to monitor the original cost of the asset recorded at the time of handing over the asset to the investor to implement the project and monitor such information in the financial statement notes in accordance with the current accounting regulations.

c) When the investor transfers the asset to the competent state authority, the agency or unit managing the asset shall take back the asset in accordance with the provisions, re-determine the remaining value of the asset in accordance with Clause 6 Article 6, Article 12 of this Circular to manage and calculate depreciation in accordance with Decree No. 44/2024/ND-CP, amended and supplemented by Decree No. 99/2026/ND-CP and this Circular.

9. The use of appraisal certificates and appraisal reports of valuation enterprises prescribed in this Circular shall be carried out in accordance with the laws on prices and other relevant laws.

The costs of hiring valuation enterprises prescribed in Articles 6, 8, and 12 of this Circular shall be allocated from the state budget in accordance with the laws on the state budget and shall be included in the original cost of the asset.

10. The agency or unit managing the asset shall be responsible for:

a) Accounting for all road infrastructure assets entrusted to manage in accordance with the current accounting regulations; implementing reports on the increase and decrease, depreciation of assets in accordance with the law; ensuring that the asset data on the accounting books of the agency or unit matches the data reported in the Road Infrastructure Asset Database. In case the data differs from the data reported in the road infrastructure asset database system, the data must be accurately adjusted to update accordingly.

b) Conducting regular annual inventory of assets; conducting comprehensive asset inventory as decided by the competent authority; adjusting accounting records if discrepancies arise during the inventory process to ensure that the figures on the accounting books match the actual figures of fixed assets.

c) Reporting declarations, reporting on the management, use, and operation of road infrastructure assets in accordance with Article 29 of Decree No. 44/2024/ND-CP, amended and supplemented by Decree No. 99/2026/ND-CP and the provisions of this Circular.

11. Organizations and units prescribed in Clause 4 Article 2 of this Circular shall carry out accounting, manage files, store files, report declarations, enter information into the Road Infrastructure Asset Database and other contents according to the分级授权/委托/交办的规定，由交通主管部门在第2条第4款第44/2024/ND-CP号议定书和第22条第5款第99/2026/ND-CP号议定书修正补充规定中规定的级别进行。

 

Chapter II

ORIGINAL COST, DEPRECIATION, AND REMAINING VALUE

OF ROAD INFRASTRUCTURE ASSETS

Article 6. Determination of the Original Value of Road Infrastructure Assets

1. For road infrastructure assets formed from procurement and put into use starting from the date this Decree No. 44/2024/ND-CP takes effect, the original value shall be determined according to the following formula:

Among which:

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

b) Other costs (if any) refer to reasonable costs directly related to the procurement of road infrastructure assets that have been incurred by the agency or unit up to the time of putting the asset into use. In cases where common costs arise for multiple road infrastructure assets, such costs shall be allocated to each individual road infrastructure asset based on appropriate criteria (such as quantity/length/area/invoice value of the road infrastructure asset generating the common cost...).

2. For road infrastructure assets formed from new construction investment and completed and put into use starting from the date this Decree No. 44/2024/ND-CP takes effect, the original value shall be determined as the settlement value approved by the competent authority in accordance with the law. Some special cases are specified as follows:

a) In cases where road infrastructure assets have been put into use (due to completion of construction investment) but have not yet received approval of the settlement value from the competent authority, the managing agency or unit shall record the asset in the accounting books from the date of handover and putting the asset into use. The recorded original value is a provisional original value. In this case, the provisional original value shall be selected in the following order of priority:

Settlement value verification;

Proposed settlement value approval;

Contract settlement value calculation table between the project owner and the contractor (A-B settlement);

Total investment amount or approved project budget or the most recently adjusted project budget (in cases where the project budget has been adjusted).

When using a provisional original value for recording in the accounting books, if the procurement or investment value according to settlement value verification, proposed settlement value, contract settlement value calculation table (A-B settlement), or total investment amount/project budget is a common value for multiple assets or asset categories (not separately for each asset or asset category), then the provisional original value of each asset or asset category shall be allocated based on appropriate criteria (quantity/detailed budget/proportion according to the market value of the corresponding asset...); when using the contract settlement value calculation table (A-B settlement) as the basis for determining the provisional original value, the value determined in the latest calculation table (for a single category) or the total value of all calculation tables (for multiple categories) shall be used.

Upon approval of the settlement value by the competent authority, the managing agency or unit shall adjust the provisional original value recorded in the accounting books to the approved settlement value to adjust the accounting records and perform asset accounting in accordance with regulations.

b) In cases where a project includes multiple categories or assets (multiple accounting subjects) but does not have separate budgets or settlements for each category or asset, the approved settlement value by the competent authority shall be allocated to each category or asset for recording in the accounting books based on appropriate criteria (such as detailed quantity of each category or asset/proportion according to the market value of the corresponding asset...).

In cases where a project includes multiple categories or assets (multiple accounting subjects) with separate budgets but without separate settlements for each category or asset, the approved settlement value by the competent authority shall be allocated to each category or asset based on the detailed budget ratio for each category or asset for recording in the accounting books.

c) For projects including multiple categories or assets (multiple accounting subjects) that are invested in and accepted for use on a category-by-category or asset-by-asset basis, once a category or asset has completed its construction investment and acceptance for use, it must be recorded in the accounting books from the date of handover and putting into use. The recorded original value is a provisional original value as stipulated in point a of this clause.

Upon approval of the project settlement value by the competent authority, the managing agency or unit shall allocate the approved settlement value to each category or asset for recording in the accounting books, adjusting the accounting books (for categories or assets already recorded) based on appropriate criteria (such as detailed quantity of each category or asset/detailed budget for each category or asset/proportion according to the market value of the corresponding asset...).

d) In cases where the project settlement value needs to be adjusted according to the recommendations or conclusions of the competent authority after inspection, audit, investigation, the managing agency or unit must adjust the original value according to the recommendations or conclusions of the competent authority.

đ) In cases where the project includes investment in other assets (not falling under road infrastructure assets as defined in Article 3 of this Circular), the portion of the investment in other assets must be excluded from the project settlement value when determining the original value of the asset.

3. For infrastructure assets of roads managed by asset management agencies or units that are received pursuant to transfer decisions, reassignment decisions, or assignment decisions made by competent authorities from the date this Decree No. 44/2024/NĐ-CP takes effect (except for cases stipulated in point c of this clause), the original cost shall be determined according to the following formula:

Among which:

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

a1) For assets that have been tracked and recorded in accounting books, the original cost recorded on the Asset Transfer and Acceptance Certificate is the original cost of infrastructure assets of roads already tracked and recorded in accounting books of the agency or unit transferring, reassigning, or assigning the assets. In cases where the assets have not been tracked or recorded in accounting books of the agency or unit transferring the assets, before submitting to the competent authority for decision-making on the transfer, reassignment, or assignment of the assets, the agency or unit transferring the assets is responsible for re-evaluating the value of the assets and the period of use to calculate the remaining depreciation of the assets to record on the Asset Transfer and Acceptance Certificate as follows:

For cases where the assets transferred, reassigned, or assigned (infrastructure assets of roads being transferred to asset management agencies or units specified in Clause 3, Article 2 of this Circular for management) have not been tracked in accounting books, the re-evaluation of the asset value shall be carried out according to the provisions of points a2, a3, and a4 of this clause.

For cases where the assets transferred, reassigned, or assigned are managed by entities other than asset management agencies or units specified in Clause 3, Article 2 of this Circular, the re-evaluation of the asset value shall be carried out according to relevant laws governing the re-evaluation of asset values of such entities. If there are no relevant legal provisions, the re-evaluation of the asset value shall be carried out according to the provisions of points a2, a3, and a4 of this clause.

a2) For infrastructure assets of roads that have not been tracked or recorded in accounting books but have documentation determining the purchase price or construction cost and the time of putting into use, the original cost recorded on the Asset Transfer and Acceptance Certificate shall be determined according to the provisions of Clause 1 and Clause 2 of this Article.

a3) For infrastructure assets of roads that have not been tracked or recorded in accounting books and do not have documentation to determine the purchase price or construction cost as stipulated in point a2 of this clause but have grounds to determine the time of putting the asset into use and the new purchase price of similar assets or the new construction cost of assets with equivalent technical standards at the time of putting into use, the original cost to be recorded on the Asset Transfer and Acceptance Certificate shall be determined according to the following formula:

Among which:

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

- The new construction cost of assets with equivalent technical standards applies to assets that are buildings, construction works, or architectural structures (including buildings, construction works, or architectural structures formed through procurement), which is determined according to the following formula:

a4) For infrastructure assets of roads that have not been tracked or recorded in accounting books and do not have grounds to determine the original cost of infrastructure assets of roads according to the provisions of points a1, a2, and a3 of this clause, the asset management agency or unit shall hire a valuation company to determine the original cost recorded on the Asset Transfer and Acceptance Certificate according to the following formula:

b) Other costs (if any) are reasonable costs directly related to the acceptance of infrastructure assets of roads transferred or reassigned, which have been incurred by the agency accepting the infrastructure assets of roads up to the time of putting the asset into use. In cases where common costs arise for multiple infrastructure assets of roads, the costs shall be allocated to each asset based on appropriate criteria (such as quantity/length/area/value of the asset generating common costs/other criteria (if any)).

c) For existing road infrastructure assets currently handed over to asset management agencies or units in accordance with Chapter II of Decree No. 44/2024/NĐ-CP, amended and supplemented by Decree No. 99/2026/NĐ-CP, where the asset value has not been recorded in accounting books, after receiving such assets, the asset management agency or unit shall cooperate with the agency, organization, or unit managing or temporarily managing the asset before the transfer as stipulated in Clause 1, Article 7 of Decree No. 44/2024/NĐ-CP, amended and supplemented by Decree No. 99/2026/NĐ-CP (the Transferor) to determine the original cost and remaining value of the asset based on the source of formation of the asset and related documents in accordance with Points a, b, and d of Clause 3, Article 9 of Decree No. 44/2024/NĐ-CP, Clause 1 and Clause 2 of this Article, and Clause 2, Article 15 of this Circular.

4. For road infrastructure assets during use that are found to be surplus upon inventory, the original cost of the asset will be determined in accordance with the provisions of Clauses 1, 2, and 3 of this Article, depending on the origin and time of use.

5. For road infrastructure assets received back by the asset management agency or unit after the expiration of the limited-term exploitation rights transfer period as stipulated in Point c, Clause 6, Article 5 of this Circular, the original cost of the road infrastructure asset will be determined according to the formula:

In which, the additional value due to investment for expansion and upgrade projects approved by competent authorities is determined similarly to the provision in Point a, Clause 2 of this Article.

6. For road infrastructure assets received back by the asset management agency or unit after the expiration of the participation period in public-private partnership investment projects as stipulated in Point c, Clause 8, Article 5 of this Circular, the original cost of the asset is the investment value determined according to the Government's regulations on authority and procedures for establishing full national ownership rights over assets and handling assets established with full national ownership rights when such assets must be established with full national ownership rights.

In cases where the asset does not need to establish full national ownership rights, the asset management agency or unit shall engage an enterprise to appraise the value of the asset again.

Article 7. Cases of changing (adjusting) the original cost of road infrastructure assets

1. Revaluation of the value of road infrastructure assets when conducting an inventory as decided by the Prime Minister.

2. Implementation of investment for upgrading and expanding road infrastructure assets according to projects approved by competent authorities (including cases where the project involves investment in other assets but includes investment in existing road infrastructure assets, and cases where the project investor for upgrading and expanding assets is not the asset management agency or unit).

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

4. Installation of one or more parts of road infrastructure assets, except for installation for maintenance replacement.

5. Road infrastructure assets partially lost or severely damaged due to natural disasters, force majeure, or other sudden impacts, except in cases where the damage is repaired according to laws on road maintenance or restored through insurance or compensation from relevant organizations or individuals.

Article 8. Determining the Original Cost of Road Infrastructure Assets in Cases of Changes to the Original Cost of Assets

When changes to the original cost of road infrastructure assets occur as specified in Article 7 of this Circular, the asset management agency or unit shall prepare a Record detailing the reasons (cases) for the change in original cost; simultaneously, they shall re-determine the original cost index of the road infrastructure asset as the basis for determining the depreciation rate, residual value of the asset to adjust the accounting records and manage the asset according to the provisions of this Circular.

The re-determination of the original cost of road infrastructure assets in cases of changes to the original cost as stipulated in Article 7 of this Circular shall be carried out as follows:

1. In the case specified in Clause 1 of Article 7 of this Circular, the original cost of the road infrastructure asset shall be re-determined in accordance with the guidance of the competent authority on inventory and revaluation of assets.

2. In the case specified in Clause 2 of Article 7 of this Circular, the original cost of the road infrastructure asset shall be re-determined by adding the current book value to the additional value due to investment in upgrading and expanding the road infrastructure asset approved by the competent authority. Among which, the additional value due to upgrading and expanding the asset according to the project approved by the competent authority shall be determined similarly to the provisions of Clause 2 of Article 6 of this Circular. The project investor is responsible for delivering complete documentation and information about the asset value and timely settling accounts in accordance with the law.

In the case where the project is approved by the competent authority for investment in construction, upgrading, and expansion of other assets but includes investment in existing road infrastructure assets, and in the case where the project investor is not the asset management agency or unit, the additional value due to upgrading and expanding the road infrastructure asset is the portion of the investment value in the road infrastructure asset in the project settlement value approved by the competent authority.

3. In the case of dismantling one or more parts of the road infrastructure asset as specified in Clause 3 of Article 7 of this Circular, the original cost of the road infrastructure asset shall be re-determined by subtracting the value of the dismantled part from the current book value and adding reasonable costs directly related to the dismantling process incurred by the asset management agency or unit up to the completion of the dismantling work.

Among which, the value of the dismantled part of the road infrastructure asset shall be determined as follows:

a) In the case where there is documentation to determine the purchase price, settlement value/estimated value of the dismantled part of the road infrastructure asset, the value of the dismantled part shall be determined based on the purchase price, settlement value/estimated value of the dismantled part.

b) In the case where there is no documentation as specified in point a of this clause but the original cost of the road infrastructure asset can be allocated to the dismantled part according to appropriate criteria (such as quantity, volume, purchase price, estimated value...), the value of the dismantled part of the road infrastructure asset shall be determined based on the allocated value.

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

In the case where the new purchase price of the dismantled part of the road infrastructure asset cannot be determined on the market at the time of asset commissioning, the asset management agency or unit shall hire a valuation company to determine the value of the dismantled part of the road infrastructure asset as the basis for determining the original cost of the asset after dismantling.

4. In the case of installing one or more parts of the road infrastructure asset as specified in Clause 4 of Article 7 of this Circular, the original cost of the road infrastructure asset shall be re-determined by adding the current book value to the additional value due to installing one or more parts of the road infrastructure asset and reasonable costs directly related to the installation process incurred by the asset management agency or unit up to the completion of the installation work.

Among which, the additional value due to installing one or more parts of the road infrastructure asset is the corresponding value of the installed part determined according to the relevant cases stipulated in Article 6 of this Circular.

5. In the case specified in Clause 5 of Article 7 of this Circular, the asset management agency or unit shall hire a valuation company to reassess the remaining value and useful life of the asset to calculate the remaining depreciation in accordance with the provisions of Article 10 of this Circular for damaged assets to record in the Record of Change in Original Cost. The original cost of the road infrastructure asset in this case shall be determined as follows:

Article 9. Principles for Calculating Depreciation of Road Infrastructure Assets

1. Road infrastructure assets determined as fixed assets as prescribed in Articles 3 and 4 of this Circular, which are assigned to agencies and units managing such assets, must be subject to depreciation calculation according to this Circular, except for cases stipulated in Clause 2 of this Article.

2. Agencies and units managing assets are not required to calculate depreciation for:

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

b) Road infrastructure assets that have been fully depreciated but are still usable.

c) Road infrastructure assets during the period of transfer with limited-term exploitation rights as prescribed in Clause 6, Article 5 of this Circular.

d) Road infrastructure assets during the period of participation in public-private partnership investment projects as prescribed in Clause 8, Article 5 of this Circular.

đ) Road infrastructure assets consisting of road safety zone land that has been compensated and cleared as prescribed in Article 3 of this Circular.

3. The calculation of depreciation of road infrastructure assets shall be conducted once a year on December 31, before closing the accounting books.

4. For road infrastructure assets received by agencies and units from other agencies, organizations, units, or enterprises pursuant to decisions of competent authorities within the year, the depreciation calculation for that year shall be carried out by the receiving agency or unit.

Article 10. List of Assets, Useful Life for Depreciation Calculation, and Depreciation Rate of Road Infrastructure Assets

1. The list of assets, useful life for depreciation calculation, and depreciation rate of road infrastructure assets (excluding the useful life for depreciation calculation of assets for the cases stipulated in Clauses 2, 3, and 4 of this Article and excluding the case stipulated in Clauses 5 and 6 of this Article) are as follows:

2. For road infrastructure assets whose original cost changes due to implementation of investment projects for upgrading and expanding fixed assets approved by competent authorities as prescribed in Clause 2, Article 7 of this Circular, the useful life for depreciation calculation of the asset equals the useful life already calculated for the asset before the change in original cost plus the remaining useful life for depreciation calculation of the asset after upgrading and expansion. The remaining useful life for depreciation calculation of the asset after upgrading and expansion is determined according to the following formula:

3. For highway infrastructure assets whose original cost has changed due to partial loss or severe damage caused by natural disasters, force majeure, or other sudden impacts as stipulated in Clause 5, Article 7 of this Circular, the period for calculating depreciation of the asset shall be equal to the depreciation period of the asset before the change in original cost plus the remaining depreciation period of the asset as reassessed.

4. For highway infrastructure assets whose original cost has been adjusted or changed according to the provisions of Point a and Point d, Clause 2, Article 6 and Clauses 3 and 4, Article 7 of this Circular:

a) In cases where the year of adjustment or change in original cost has not yet reached the depreciation period of the asset as prescribed, the depreciation period of the asset shall be calculated up to the year when the residual value of the asset on December 31 of the preceding year is less than or equal to the annual depreciation rate of the asset.

b) In cases where the year of adjustment or change in original cost has exceeded the depreciation period of the asset as prescribed, one additional year shall be added to the depreciation period (the year in which the adjustment or change in original cost occurs) to handle the increase or decrease in value due to the adjustment or change in original cost.

5. For highway infrastructure assets that form a system comprising various types of assets as stipulated in Clause 1 of this Article, if it is necessary to monitor them as a system (such as interconnected intersections including roads, bridges, tunnels, etc.), the asset management agency or unit shall determine the depreciation period and depreciation rate of highway infrastructure assets based on the main type of asset as stipulated in Clause 1 of this Article.

6. For highway infrastructure assets that integrate information technology components, cybersecurity measures, and data security as prescribed by laws on cybersecurity and science and technology: In cases where the constituent parts have different technical lifespans or are affected by technological changes leading to actual usage periods that do not align with the general provisions of this Circular, the central road management agency (for assets under central management) or provincial road management agency (for assets under local management) shall cooperate with relevant agencies to review and submit to the Minister of Construction or the Chairman of the Provincial People's Committee for determination of specific depreciation periods and rates for each type of asset or system of assets. The decision must be based on the manufacturer's technical documentation and ensure principles of efficiency, economy, and prevention of state budget losses.

Article 11. Method for Calculating Depreciation of Highway Infrastructure Assets

1. The annual depreciation rate of each highway infrastructure asset is calculated using the formula:

Where:

a) The original cost of highway infrastructure assets is determined according to the provisions of Articles 6 and 8 of this Circular.

b) The depreciation rate is determined according to the provisions of Article 10 of this Circular.

2. For highway infrastructure assets transferred, received through reallocation, or received through transfer as stipulated in Clause 3, Article 6 of this Circular but not yet recorded in accounting books, if such assets are discovered in excess during inventory as stipulated in Clause 4, Article 6 of this Circular, the receiving agency or unit responsible for transferring, reallocating, or receiving assets, or the unit discovering excess assets, shall calculate depreciation of the asset from the year it was put into use and recorded in the accounting books; the annual depreciation rate of the asset from the second year onward at the asset management agency or unit shall be determined according to the formula specified in Clause 1 of this Article.

Specifically, for the first year of recording in the accounting books at the asset management agency or unit (the year the asset management agency or unit receives the asset/the year of excess discovery), the depreciation rate of the asset shall be determined according to the following formula:

If the year of transfer or receipt of the asset differs from the year reported to the competent authority for approval of the transfer, reallocation, or transfer, the agency or unit responsible for transferring, reallocating, or transferring the asset or the agency tasked with preparing the asset disposal plan must calculate and supplement the depreciation for the period from the year reported to the competent authority for approval of the transfer, reallocation, or transfer to the year of asset transfer or receipt, and record it in the Asset Transfer and Receipt Certificate. The annual depreciation rate is determined according to the formula specified in Clause 1 of this Article.

3. The cumulative depreciation of each highway infrastructure asset is calculated using the formula:

4. The depreciation of the asset for the final year of its depreciation period is determined as the difference between the original cost and the cumulative depreciation of the asset as specified in Clause 3 of this Article.

Article 12. Remaining Value of Road Infrastructure Assets

1. The remaining value of road infrastructure assets to be recorded in accounting books shall be determined according to the formula (except for cases provided for in Clause 2 of this Article):

2. Agencies or units managing leased assets shall engage enterprises to appraise the value to reassess the remaining value and the period of use for calculating residual depreciation in accordance with Article 10 of this Circular in the following cases:

a) Road infrastructure assets received back by agencies or units when the term of transfer with a limited exploitation right expires (including cases where the contract is terminated prematurely) as stipulated in Point c, Clause 6, Article 5 of this Circular.

b) Road infrastructure assets received back by agencies or units managing assets after the project investment period under the public-private partnership model has ended as stipulated in Point c, Clause 8, Article 5 and Clause 6, Article 6 of this Circular, which fall within the category of assets not requiring establishment of full ownership rights.

c) Road infrastructure assets partially lost or severely damaged due to natural disasters, force majeure, or other sudden impacts (excluding cases where the damage is repaired in accordance with laws on road construction maintenance or restored through insurance or compensation from related organizations or individuals) as stipulated in Clause 5, Article 7 and Clause 5, Article 8 of this Circular.

Chapter III

DECLARATION AND REPORTING ON ROAD INFRASTRUCTURE ASSETS

ROAD INFRASTRUCTURE

Article 13. Sample Declaration Report and Supplementary Declaration Report on Road Infrastructure Assets

The sample declaration report on road infrastructure assets prescribed in Clause 2, Article 29 of Decree No. 44/2024/ND-CP (amended and supplemented by Article 22 of Decree No. 99/2026/ND-CP) is specified as follows:

1. Initial declaration report according to Form No. 01A prescribed in the Appendix attached to this Circular applies to:

Existing road infrastructure assets at the time Decree No. 44/2024/ND-CP takes effect (including assets that have already been declared initially in accordance with Decree No.33/2019/ND-CPdated April 23, 2019 of the Government);

Road infrastructure assets arising from the date Decree No. 44/2024/ND-CP takes effect.

2. Supplementary declaration report according to Form No. 01B, Form No. 01C prescribed in the Appendix attached to this Circular applies to cases where there are changes in information about the agency or unit managing the assets or information about road infrastructure assets that have been declared initially.

Article 14. Sample Report on Management, Utilization, and Exploitation of Road Infrastructure Assets

The sample report on management, utilization, and exploitation of road infrastructure assets prescribed in Clause 5, Article 29 of Decree No. 44/2024/ND-CP (amended and supplemented by Article 22 of Decree No. 99/2026/ND-CP) is specified as follows:

1. Report on exploitation of road infrastructure assets according to each method prescribed in Articles 13, 14, 15, and 16 of Decree No. 44/2024/ND-CP (amended and supplemented by Decree No. 99/2026/ND-CP) according to Form No. 01D prescribed in the Appendix attached to this Circular.

2. Comprehensive report on management and utilization of road infrastructure assets according to Form No. 02A prescribed in the Appendix attached to this Circular.

3. Comprehensive report on exploitation of road infrastructure assets according to Form No. 02B prescribed in the Appendix attached to this Circular.

 

Chapter IV

IMPLEMENTING PROVISIONS

 

Article 15. Transitional Provisions

1. For existing road infrastructure assets before the effective date of Decree No. 44/2024/NĐ-CP that have been recorded at their determined value in accounting books in accordance with the law prior to the effective date of this Circular, the previously determined value shall be used for recording in the accounting books. The depreciation of such assets from the fiscal year 2026 shall be carried out in accordance with this Circular.

2. For existing road infrastructure assets before the effective date of Decree No. 44/2024/NĐ-CP that have not yet been recorded at their determined value in accounting books in accordance with the law prior to the effective date of this Circular, the asset management agency (or organization or unit specified in Clause 4, Article 2 of this Circular) shall determine the original cost and remaining value of the assets in accordance with this Circular, calculate full depreciation for all years the assets were used until the end of the fiscal year 2025 based on the depreciation rate specified in this Circular, and add it to the depreciation amount of the asset for the fiscal year 2026.

3. For road infrastructure assets that have been tracked in the accounting books of the asset management agency (or organization or unit specified in Clause 4, Article 2 of Decree No. 44/2024/NĐ-CP) before the effective date of this Circular, if the time period for calculating depreciation and the depreciation rate specified in Clause 1, Article 10 of this Circular differ from those specified in Clause 1, Article 10 of Circular No. 74/2024/TT-BTC dated October 31, 2024 of the Ministry of Finance, then starting from the fiscal year 2026, the annual depreciation rate of the asset shall be determined as follows:

In which:

 

Specifically, the depreciation amount for the last year within the useful life for depreciation of the asset is determined as the difference between the original cost and the accumulated depreciation of the asset.

In cases where the asset has exceeded its useful life for depreciation as specified in this Circular but still retains residual value, the depreciation amount for the year 2026 will be equal to the residual value of the asset as of December 31, 2025.

4. In cases where road infrastructure assets are handed over and received pursuant to the Decision of the competent authority before the effective date of this Circular, but the assets have not been recorded in the accounting books of the transferring and receiving agencies and units, and the transferring agency or unit has been dissolved or ceased operations due to administrative restructuring or implementation of a two-level local government system as decided by the competent authority, the asset management agency or organization or unit specified in Clause 4, Article 2 of this Circular (the receiving agency or unit) shall be responsible for determining the original cost and remaining value of the assets in accordance with this Circular and calculating depreciation in accordance with Clause 2 of this Article.

5. For road infrastructure assets that have been recorded in the accounting books of the asset management agency (or organization or unit specified in Clause 4, Article 2 of Decree No. 44/2024/NĐ-CP) but do not meet the criteria for fixed assets as specified in this Circular, starting from the fiscal year 2026, they shall be adjusted out of the list of fixed assets and recorded separately in accordance with the law on accounting, without following the provisions of this Circular.

Article 16. Effectiveness and Responsibility for Implementation

1. This Circular shall take effect from June 23, 2026, and be applied starting from the fiscal year 2026.

2. This Circular replaces Circular No. 74/2024/TT-BTC dated October 31, 2024, issued by the Ministry of Finance, which stipulates the management regime, depreciation calculation, declaration, and reporting on road transport infrastructure assets.

3. In cases where the legal normative documents referred to in this Circular are amended, supplemented, or replaced, they shall be implemented according to the corresponding provisions in the amending, supplementing, or replacing documents.

4. The Ministry of Construction, People's Committees of provinces and centrally governed cities shall be responsible for directing the implementation of management, depreciation calculation, declaration, and reporting on road transport infrastructure assets in accordance with the provisions of this Circular.