Circular No. 71/2026/TT-BTC Amends and Supplements Certain Articles of Circulars Governing the Management System, Depreciation Calculation of Infrastructure Assets for Inland Waterways, Maritime, and Railways, and Guides the Declaration and Reporting on Infrastructure Assets for Inland Waterways, Maritime, and Railways.

 

 

CIRCULAR

Amending and supplementing certain articles of circulars governing the management regime and depreciation of inland waterway infrastructure assets, maritime infrastructure assets, railway infrastructure assets, and guiding the declaration and reporting on inland waterway infrastructure assets, maritime infrastructure assets, and railway infrastructure assets. On the basis of Law on Management and Use of State Property No. 15/2017/QH14, amended and supplemented by Laws No. 64/2020/QH14, No. 07/2022/QH15, No. 24/2023/QH15, No. 31/2024/QH15, No. 43/2024/QH15, No. 56/2024/QH15, and No. 90/2025/QH15;

 

 

 

 

 

 

On the basis of Government Decree No. 12/2025/NĐ-CP dated January 20, 2025, regulating the management, use, and exploitation of inland waterway infrastructure assets, amended and supplemented by Government Decree No. 99/2026/NĐ-CP dated March 31, 2026;

On the basis of Government Decree No. 15/2025/NĐ-CP dated February 3, 2025, regulating the management, use, and exploitation of railway infrastructure assets, amended and supplemented by Government Decree No. 99/2026/NĐ-CP dated March 31, 2026;

On the basis of Government Decree No. 84/2025/NĐ-CP dated April 4, 2025, regulating the management, use, and exploitation of maritime infrastructure assets, amended and supplemented by Government Decree No. 99/2026/NĐ-CP dated March 31, 2026;

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

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

The Minister of Finance hereby promulgates this Circular amending and supplementing the Circulars governing the management regime and depreciation of inland waterway infrastructure assets, maritime infrastructure assets, railway infrastructure assets, and guiding the declaration and reporting on inland waterway infrastructure assets, maritime infrastructure assets, and railway infrastructure assets.

Chapter I

 

AMENDING AND SUPPLEMENTING CERTAIN ARTICLES OF CIRCULAR NO. 22/2025/TT-BTC DATED MAY 9, 2025 ISSUED BY THE MINISTRY OF FINANCE REGULATING THE MANAGEMENT REGIME AND DEPRECIATION OF INLAND WATERWAY INFRASTRUCTURE ASSETS AND GUIDING THE DECLARATION AND REPORTING ON INLAND WATERWAY INFRASTRUCTURE ASSETS

Article 1. Supplement Point d to Clause 2 of Article 1 as follows:

 

"d) Inland waterway infrastructure assets that do not meet the criteria for fixed assets as stipulated in Article 4 of this Circular. The tracking of assets that do not meet the criteria for fixed assets shall be carried out in accordance with the provisions of the accounting law."

Article 2. Amend and supplement certain clauses of Article 2 as follows:

1. Amend and supplement Clause 3 as follows:

"3. Agencies and units entrusted with the management of inland waterway infrastructure assets as stipulated in Clause 3 of Article 2 of Government Decree No. 12/2025/NĐ-CP dated January 20, 2025."

2. Supplement Clause 4a after Clause 4 as follows:

"4a. Agencies and units entrusted with the management of inland waterway infrastructure assets as stipulated in Clause 3 of this Article and organizations and units stipulated in Clause 4 of this Article hereinafter referred to as agencies and units managing assets."

"4a. The agency or unit entrusted with managing the assets of inland waterway infrastructure as stipulated in Clause 3 of this Article and the organization or unit as stipulated in Clause 4 of this Article shall hereinafter be referred to as the agency or unit managing the assets."

Article 3. Amend Point b Clause 2 Article 4 as follows:

“b) Having an original value of VND 30,000,000 (Thirty million dong) or more.”

Article 4. Supplement Clause 9 Article 5 as follows:

“9. In cases where part of the assets are used for mixed exploitation or for purposes specified in Clause 2 Article 26 Decree No. 99/2026/NĐ-CP dated March 31, 2026 of the Government amending and supplementing certain provisions of decrees on the management, use, and exploitation of infrastructure assets, the asset management agency (the party with inland waterway infrastructure assets) shall continue to manage, monitor, and calculate depreciation of the inland waterway infrastructure assets according to the provisions of this Circular.”

Article 5. Amend and supplement some Points and Clauses of Article 6 as follows:

1. Amend Clause 1 as follows:

“1. For inland waterway infrastructure assets formed from procurement and put into use from the date Decree No. 12/2025/NĐ-CP takes effect, the original value shall be determined according to the following formula:

Among which:

a) Trade discounts or price reductions or penalties for the seller (if any) shall be deducted from the value stated on the invoice only if the value stated on the invoice includes trade discounts or price reductions or penalties for the seller.

b) Other costs (if any) are reasonable costs directly related to the procurement of inland waterway infrastructure assets that the agency or unit has incurred up to the time the asset is put into use (including costs in selecting contractors compensated from non-revenue funds from bidding activities as prescribed by law). In cases where common costs arise for multiple inland waterway infrastructure assets, allocate the costs to each asset based on appropriate criteria (such as quantity/volume/length/area/value stated on the invoice of the inland waterway infrastructure asset generating common costs...).”

2. Amend and supplement Point d Clause 2 as follows:

“d) Where the final settlement value of the project must be adjusted according to the recommendations and conclusions of the competent authority after inspection, audit, investigation, then the asset management agency must adjust the original value according to the recommendations and conclusions of the competent authority; at the same time, re-determine the depreciation rate and remaining value of the asset to adjust the accounting records according to regulations.”

3. Amend Clause 3 as follows:

“3. For inland waterway infrastructure assets managed by the asset management agency received according to the decision to transfer, transfer decision, or transfer decision of the competent authority from the date Decree No. 12/2025/NĐ-CP takes effect (except for cases stipulated in Point c of this Clause), the original value shall be determined according to the following formula:

Among which:

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

a1) For assets that have been tracked and recorded in accounting books, the original value recorded on the Asset Transfer and Acceptance Record is the original value of the inland waterway infrastructure assets tracked and recorded in the accounting books of the transferring agency. If the asset has not been tracked and recorded in accounting books, before submitting the decision to transfer, transfer, or transfer the asset to the competent authority, the transferring agency is responsible for reassessing the asset's value and remaining useful life for recording on the Asset Transfer and Acceptance Record as follows:

For cases where the transferred, received, or transferred asset (inland waterway infrastructure assets managed by the asset management agency specified in Clause 3 Article 2 of this Circular) has not been recorded in the accounting books, the reassessment of the asset's value shall be carried out according to the provisions of Points a2, a3, and a4 of this Clause.

- For cases where the transferred, received, or transferred asset is managed by entities other than the asset management agencies specified in Clause 3 Article 2 of this Circular, the reassessment of the asset's value shall be carried out according to relevant laws governing the reassessment of the value of such entities' assets. If there are no relevant laws, the reassessment of the asset's value shall be carried out according to the provisions of Points a2, a3, and a4 of this Clause.

a2) For inland waterway infrastructure assets that have not been tracked and recorded in accounting books but have documentation to determine the purchase price or construction investment value and the date of putting the asset into use, the original value recorded on the Asset Transfer and Acceptance Record shall be determined according to the provisions of Clause 1 and Clause 2 of this Article.

a3) For inland waterway infrastructure assets that have not been tracked and recorded in accounting books and do not have documentation to determine the purchase price or construction investment value as stipulated in Point a2 of this Clause but have grounds to determine the date 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 use, the original value for recording on the Asset Transfer and Acceptance Record shall be determined according to the following formula:

In which:

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

- The investment value to construct new assets with equivalent technical standards applies to assets that are buildings, construction works, architectural structures (including buildings, construction works, architectural structures formed through procurement), determined according to the following formula:

a4) For inland waterway infrastructure assets that have not been monitored, recorded in accounting books, and do not have documents to determine the purchase price or construction price as stipulated in point a2 of this clause, there is no basis to determine the time of putting the asset into use and the new purchase price of similar assets or the new construction price of assets with equivalent technical standards at the time of putting into use as stipulated in point a3 of this clause, then the prescribed valuation price by the competent authority shall be used as the original cost of the asset.

a5) For inland waterway infrastructure assets that have not been recorded in accounting books but there is no basis to determine the original cost of the asset according to the provisions of points a2, a3, and a4 of this clause, the asset management agency or the agency assigned to prepare the asset leasing plan shall engage a business to appraise the asset's value, remaining depreciation period to determine the original cost recorded in the Asset Transfer and Acceptance Memorandum according to the following formula:

The cost of engaging a business to appraise the asset is allocated from the state budget according to the laws on the state budget and is included in the original cost of the asset.”

b) Other costs (if any) are reasonable costs directly related to receiving inland waterway infrastructure assets transferred, reallocated, or transferred, which have been incurred by the agency receiving the inland waterway infrastructure assets up to the time of putting the asset into use (including the cost of engaging a business to appraise the asset to determine its value). In cases where common costs arise for multiple inland waterway infrastructure assets, allocate the costs to each asset based on appropriate criteria (such as: quantity/volume/length/area/value of the asset generating common costs/criteria (if any)).

c) For existing inland waterway infrastructure assets currently managed by agencies and units according to Chapter II of Decree No. 12/2025/NĐ-CP, amended and supplemented by Decree No. 99/2026/NĐ-CP, if the asset value has not been recorded in accounting books, after receiving the asset, the asset management agency shall cooperate with the agency, organization, or unit managing/temporarily managing the asset before transfer (the transferring party) to determine the original cost, remaining depreciation period, and residual value of the asset according to the corresponding provisions in points a, b, c, and d of Clause 3, Article 9 of Decree No. 12/2025/NĐ-CP, Clauses 1 and 2 of this Article, and Clause 2 of Article 15 of this Circular.”

4. Supplement Clause 7:

“7. Engaging a business to appraise the asset, using the appraisal certificate, and the appraisal report shall be carried out in accordance with the laws on prices and other relevant laws.”.

Article 6. Supplement Clause 6 of Article 8 as follows:

"6. The engagement of a business to appraise value, the use of appraisal certificates and appraisal reports shall be carried out in accordance with the laws on prices and other relevant laws."

Article 7. Supplement Clause 4 of Article 9 as follows:

"4. For inland waterway infrastructure assets that the asset management agency or unit receives from another agency, organization, unit, or enterprise according to the decision of the competent authority within the year, the depreciation calculation for that year shall be conducted at the receiving agency or unit."

Article 8. Supplement Clause 6 of Article 10 as follows:

"6. For inland waterway infrastructure assets that integrate information technology components, ensuring cybersecurity and data security in accordance with the 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 not aligning with the general provisions set forth in this Circular, the central inland waterway management agency (for assets under central management)/provincial inland waterway management agency (for assets under local management) shall coordinate with relevant agencies to assess and submit to the Minister of Construction/Chairman of the People's Committee of the province for determination of the usage period and specific depreciation rate for each type of asset or system of assets. Such decisions must be based on the technical documentation provided by the manufacturer and ensure principles of efficiency, thrift, and prevention of state budget loss."

Article 9. Supplement Clause 2 of Article 11 as follows:

"2. For inland waterway infrastructure assets transferred, received, or handed over as stipulated in Clause 3 of Article 6 of this Circular but not yet recorded in accounting books, if such assets are found to be surplus during inventory as stipulated in Clause 4 of Article 6 of this Circular, the asset management agency or unit receiving the assets shall be responsible for calculating depreciation of the assets from the year they are put into use and recorded in the accounting books; the annual depreciation rate of the assets from the second year onward shall be determined according to the formula prescribed 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 surplus discovery during inventory), the depreciation rate of the asset shall be determined according to the following formula:

In cases where the year of transfer or receipt of assets differs from the year of submission to the competent authority for decision on transfer, adjustment, or handover of assets, the agency or unit transferring or receiving the assets must calculate additional depreciation for the period from the year of submission to the competent authority for decision on transfer, adjustment, or handover of assets to the year of transfer or receipt of assets and record it in the Transfer and Receipt Certificate. The depreciation rate for one year shall be determined according to the formula prescribed in Clause 1 of this Article."

Article 10. Supplement Clause 4 of Article 15 as follows:

"4. For inland waterway infrastructure assets with original cost from 10 million to less than 30 million dong that have been recorded in the accounting books of the asset management agency or unit in accordance with Circular No. 22/2025/TT-BTC, starting from the 2026 fiscal year, they shall be adjusted out of the fixed asset inventory and recorded separately in accordance with the provisions of the accounting law, without following the provisions of this Circular."

Article 11. Replace, supplement, and abolish certain phrases

1. Replace the phrase "asset management agency" with "asset management agency or unit" in Articles 4, 5, 6, 7, 8, 9, and 11.

2. Replace forms number 01A, number 01B, number 01C, number 01D, number 02A, and number 02B prescribed in the Appendix issued together with Circular No. 22/2025/TT-BTC with forms number 01A, number 01B, number 01C, number 01D, number 02A, and number 02B prescribed in Appendix I issued together with this Circular.

Chapter II

AMENDMENTS AND SUPPLEMENTS TO CERTAIN ARTICLES OF CIRCULAR NO. 72/2025/TT-BTC DATED JULY 2, 2025 OF THE MINISTRY OF FINANCE ON THE REGIME FOR MANAGEMENT, DEPRECIATION OF INFRASTRUCTURE ASSETS IN PORTS AND GUIDELINES FOR REPORTING ON INFRASTRUCTURE ASSETS IN PORTS

 

Article 12. Supplement Clause 9, Clause 10 of Article 5 as follows:

"9. In cases where part of the assets are used for mixed exploitation or for purposes specified in Article 65 of Decree No. 99/2026/NĐ-CP dated March 31, 2026 of the Government amending and supplementing certain articles of decrees on the management, use, and exploitation of infrastructure assets, the asset management agency (the party owning the port infrastructure assets) continues to manage, monitor, and depreciate the port infrastructure assets in accordance with this Circular.

In cases where part of the port infrastructure assets are disposed of, the value (original cost, remaining value) of the disposed portion shall be determined based on allocating the total value of the assets to the disposed portion according to appropriate criteria (such as quantity/volume/length/area/other criteria if applicable). to submit for decision and organization of disposal.

10. Port infrastructure assets that do not meet the criteria for fixed assets as stipulated in Article 4 of this Circular. The monitoring of assets that do not meet the criteria for fixed assets shall be carried out in accordance with the provisions of the accounting law."

Article 13. Amend some points and clauses of Article 6 as follows:

1. Amend Clause 1 as follows:

"1. For port infrastructure assets formed through procurement and put into use from the date Decree No. 84/2025/NĐ-CP takes effect, the original cost shall be determined according to the following formula:

Among which:

a) Trade discounts or price reductions or penalties paid to the seller (if any) shall be deducted from the invoice value only if the invoice value includes such trade discounts or price reductions or penalties.

b) Other costs (if any) are reasonable costs directly related to the procurement of port infrastructure assets that the agency has incurred up to the time of putting the asset into use (including costs in selecting contractors reimbursed from non-revenue funds from bidding activities in accordance with the law). In cases where common costs arise for multiple port infrastructure assets, such costs shall be allocated to each port infrastructure asset according to appropriate criteria (such as quantity/volume/length/area/value of the asset generating common costs/other criteria if applicable)."

2. Amend and supplement Point d of Clause 2 as follows:

"d) In cases where the final settlement value of the project must be adjusted according to the recommendations and conclusions of the competent authority after inspection, audit, investigation, the asset management agency must adjust the original cost according to the recommendations and conclusions of the competent authority; at the same time, re-determine the depreciation rate and residual value of the asset to adjust the accounting records in accordance with the regulations."

3. Amend and supplement Clause 3 as follows:

"3. For port infrastructure assets received by the asset management agency pursuant to decisions on transfer, transfer (in whole or in part of each asset), or transfer made by the competent authority from the date Decree No. 84/2025/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 stated on the Transfer and Acceptance Record shall be determined as follows:

a1) For assets already recorded and entered in the accounting books, the original cost stated on the Transfer and Acceptance Record is the original cost of the port infrastructure assets already recorded and entered in the accounting books of the agency transferring, transferring (in whole or in part), or transferring the assets.

a2) For assets not yet recorded and entered in the accounting books, before submitting to the competent authority or person with authority for a decision on transfer, transfer (in whole or in part), or transfer of the assets, the agency holding the assets shall be responsible for reassessing the value of the assets and the remaining depreciation period to state on the Transfer and Acceptance Record as follows:

In the case where the assets being transferred, received for reallocation, or received for transfer (which are maritime infrastructure assets currently being managed by the asset management agency as stipulated in Clause 3, Article 2 of this Circular) have not been recorded in accounting books, the revaluation of the asset value shall be carried out in accordance with the provisions set forth in Points a3, a4, and a5 of this Clause.

In the case where the assets being transferred, received for reallocation, or received for transfer are managed by entities that are not the asset management agencies as stipulated in Clause 3, Article 2 of this Circular, the revaluation of the asset value shall be conducted in accordance with the relevant laws governing the revaluation of asset values of such entities. If there are no relevant legal provisions, the revaluation of the asset value shall be carried out in accordance with the provisions set forth in Points a3, a4, and a5 of this Clause.

a3) For maritime infrastructure assets that have not been recorded or entered in accounting books but have documentation to determine the purchase price or investment value and the date when the asset was put 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.

a4) For maritime infrastructure assets that have not been recorded or entered in accounting books and do not have documentation to determine the purchase price or investment value as stipulated in Point a3 of this Clause, but have grounds to determine the date when the asset was put into use and the new purchase price of similar assets or the new construction value of assets with equivalent technical standards at the time of use, the original cost to be recorded on the Asset Transfer and Acceptance Certificate shall be determined according to the following formula:

In which:

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

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

a5) For maritime infrastructure assets that have not been recorded or entered in accounting books and do not have documentation to determine the purchase price or construction value as stipulated in Point a3 of this Clause, and have no grounds to determine the date when the asset was put into use and the new purchase price of similar assets or the new construction value of assets with equivalent technical standards at the time of use as stipulated in Point a4 of this Clause, the estimated price determined by the competent authority shall be used as the original cost of the asset.

a6) For maritime infrastructure assets that have not been recorded or entered in accounting books and have no basis to determine the original cost of maritime infrastructure assets as stipulated in Points a3, a4, and a5 of this Clause, the asset management agency shall hire a valuation company to reassess the remaining value of the asset and the usage period to calculate the remaining depreciation of the asset to determine the original cost recorded on the Asset Transfer and Acceptance Certificate according to the following formula:

 

 

Valuation company hiring costs allocated from the state budget in accordance with the state budget law and included in the original cost of the asset.”

b) Other expenses (if any) are reasonable expenses directly related to receiving transferred or reallocated maritime infrastructure assets that the receiving agency has incurred up to the time the asset is put into use. In cases where common expenses arise for multiple maritime infrastructure assets, allocate the expenses to each asset based on appropriate criteria (such as quantity/volume/length/area/value of assets generating common expenses/other criteria (if applicable)).

c) For existing maritime infrastructure assets handed over to the asset management agency as stipulated in Chapter II of Decree No. 84/2025/NĐ-CP, amended and supplemented by Decree No. 99/2026/NĐ-CP, if the asset value has not been recorded in accounting books, after acceptance, the asset management agency shall cooperate with the agency, organization, or entity managing/temporarily managing the asset before transfer (the transferring party) to determine the original cost and residual value of the asset based on the origin of formation of the asset and related documents in accordance with Points a, b, c, and d of Clause 3, Article 9 of Decree No. 84/2025/NĐ-CP, Clauses 1 and 2 of this Article, and Clause 2, Article 15 of this Circular.”

4. Supplement Clause 7:

“7. Hiring a valuation company, using the appraisal certificate, and the appraisal report shall be carried out in accordance with the law on prices and other relevant laws.”.

Article 14. Supplement Clause 6 of Article 8 as follows:

"6. The engagement of a business to appraise value, the use of appraisal certificates, and the appraisal reports shall be carried out in accordance with the laws on prices and other relevant laws."

Article 15. Supplement Clause 4 of Article 9 as follows:

"4. For maritime infrastructure assets that the asset management agency receives from other agencies, organizations, units, or businesses pursuant to the decision of the competent authority within the year, the depreciation calculation for that year shall be conducted at the receiving agency."

Article 16. Supplement Clause 6 of Article 10 as follows:

"6. For maritime infrastructure assets that integrate information technology components, cybersecurity assurance, and data security in accordance with the 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 not aligning with the general provisions set forth in this Circular, the central maritime management agency (for assets under central management)/provincial maritime management agency (for assets under local management) shall coordinate with relevant agencies to assess and submit to the Minister of Construction/Chairman of the People's Committee of the province for determination of the usage period and specific depreciation rate for each type of asset or system of assets. Such decisions must be based on the technical documentation provided by the manufacturer and ensure principles of efficiency, thrift, and prevention of state budget loss."

Article 17. Supplement Clause 2 of Article 11 as follows:

"2. For maritime infrastructure assets transferred, received, or handed over as stipulated in Clause 3 of Article 6 of this Circular but not yet recorded in accounting books, when such maritime infrastructure assets are discovered to be surplus during inventory checks as specified in Clause 4 of Article 6 of this Circular, the asset management agency receiving the transferred, handed-over, or received assets shall be responsible for calculating 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 shall be determined according to the formula prescribed in Clause 1 of this Article.

Specifically, for the first year of recording in the accounting books at the asset management agency (the year the asset management agency receives the asset/the year of discovering surplus during inventory), the depreciation rate of the asset shall be determined according to the following formula:

In cases where the year of transfer or receipt of the asset differs from the year reported to the competent authority for the decision to transfer, hand over, or receive the asset, the agency, organization, unit holding the transferring, handing over, or receiving assets or the asset management agency receiving the assets must calculate and supplement the depreciation amount for the period from the year reported to the competent authority for the decision to transfer, hand over, or receive the asset to the year of transfer or receipt of the asset, to be recorded in the Transfer and Receipt Certificate. The depreciation rate for one year shall be determined according to the formula prescribed in Clause 1 of this Article."

Article 18. Replace Appendix II.

Replace the forms: number 01A, number 01B, number 01C, number 01D, number 02A, number 02B stipulated in Appendix II issued together with Circular No. 72/2025/TT-BTC with the forms: number 01A, number 01B, number 01C, number 01D, number 02A, number 02B stipulated in Appendix II issued together with this Circular.

 

Chapter III

AMENDMENTS AND SUPPLEMENTS TO CERTAIN ARTICLES OF CIRCULAR NO. 75/2025/TT-BTC DATED JULY 9, 2025 OF THE MINISTRY OF FINANCE ON THE DEPRECIATION OF RAILWAY INFRASTRUCTURE ASSETS AND GUIDELINES FOR REPORTING ON RAILWAY INFRASTRUCTURE ASSETS

 

Article 19. Supplement Clause 9, Clause 10 of Article 6 as follows:

“9. In cases where part of the assets is used for mixed exploitation or for purposes specified in Article 41, Article 52 of Decree No. 99/2026/NĐ-CP dated March 31, 2026 of the Government amending and supplementing certain articles of decrees on the management, use, and exploitation of infrastructure assets, the enterprise managing the assets (the party owning railway infrastructure assets) shall continue to manage, monitor, and calculate depreciation of railway infrastructure assets in accordance with this Circular.

In cases where part of maritime infrastructure assets is processed, the value (original cost, remaining value) of the processed asset portion shall be determined based on allocating the total asset value to the processed asset portion according to appropriate criteria (such as quantity/volume/length/area/criteria if applicable). to present, decide, and organize the processing.

10. Railway infrastructure assets that do not meet the criteria for fixed assets as prescribed in Article 3, Article 4 of this Circular. The tracking of assets that do not meet the criteria for fixed assets shall be carried out in accordance with the provisions of accounting laws.”

Article 20. Amend and supplement some points and clauses of Article 7 as follows:

1. Amend Clause 1:

“1. For railway infrastructure assets formed from procurement and put into use from the date Decree No. 15/2025/NĐ-CP takes effect, the original cost shall be determined according to the following formula:

Among which:

a) Trade discounts or price reductions or penalties paid to sellers (if any) shall be deducted from the value stated on the invoice only in cases where the value stated on the invoice includes trade discounts or price reductions or penalties paid to sellers.

b) Other costs (if any) are reasonable costs directly related to the procurement of railway infrastructure assets that the railway asset management enterprise has incurred up to the time of putting the asset into use (including costs in selecting contractors compensated from non-revenue sources from bidding activities as prescribed by law). In cases where common costs arise for multiple railway infrastructure assets, allocate the costs to each railway infrastructure asset according to appropriate criteria (such as quantity/volume/length/area/value stated on the invoice of each railway infrastructure asset generating common costs...).”

2. Amend and supplement point d of Clause 2:

“d) In cases where the final settlement value of the project must be adjusted according to the recommendations and conclusions of the competent authority after inspection, audit, investigation, the railway asset management enterprise must adjust the original cost of the asset on the accounting books according to the recommendations and conclusions of the competent authority; at the same time, re-determine the depreciation rate and residual value of the asset to adjust the accounting books in accordance with the regulations.”

3. Amend and supplement Clause 3:

“3. For railway infrastructure assets received by the railway asset management enterprise pursuant to decisions on transfer, adjustment (in whole or in part of each asset), transfer decisions made by competent authorities from the date Decree No. 15/2025/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 Record is determined as follows:

a1) For assets already tracked and recorded in accounting books, the original cost recorded on the Asset Transfer and Acceptance Record is the original cost of railway infrastructure assets already tracked and recorded in accounting books of the entity transferring, adjusting (in whole or in part), or transferring the assets.

a2) For assets not yet tracked and recorded in accounting books, before presenting to the competent authority or person with authority to make decisions on transfer, adjustment (in whole or in part), or transfer of assets, the railway asset management enterprise is responsible for reassessing the asset value and remaining useful life of the asset to record on the Asset Transfer and Acceptance Record as follows:

For cases where transferred, adjusted, or transferred assets (railway infrastructure assets being managed by the railway asset management enterprise as stipulated in Clause 3 of Article 2 of this Circular) have not been tracked in accounting books, the reassessment of asset value shall be conducted in accordance with the provisions of points a3, a4, and a5 of this clause.

In the case where the assets being transferred, received for reallocation, or received for transfer are managed by entities that are not railway asset management enterprises as stipulated in Clause 3, Article 2 of this Circular, the revaluation of the asset value shall be carried out in accordance with the relevant laws governing the revaluation of asset values of such entities. If there are no provisions in the relevant laws, the revaluation of the asset value shall be conducted in accordance with the provisions set forth in Points a3, a4, and a5 of this clause.

a3) For railway infrastructure assets that have not been monitored or recorded in accounting books but have documentation to determine the purchase price or construction investment value and the date of putting into use, the original cost recorded on the Asset Transfer and Acceptance Certificate shall be determined in accordance with the provisions of Clause 1 and Clause 2 of this Article.

a4) For railway infrastructure assets that have not been monitored or recorded in accounting books and do not have documentation to determine the purchase price or construction investment value as stipulated in Point a3 of this clause, but have grounds to determine the date of putting into use and the new purchase price of similar assets or the new construction value of assets with equivalent technical standards at the time of putting the asset into use, the original cost to be recorded on the Asset Transfer and Acceptance Certificate shall be determined according to the following formula:

Where:

- 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 investment value 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:

a5) For railway infrastructure assets that have not been monitored or recorded in accounting books and do not have documentation to determine the purchase price or construction value as stipulated in Point a3 of this clause, and have no grounds to determine the date of putting the asset into use and the new purchase price of similar assets or the new construction value of assets with equivalent technical standards at the time of putting the asset into use as stipulated in Point a4 of this clause, the estimated price determined by the competent authority shall be used as the original cost of the asset.

a6) For railway infrastructure assets that have not been monitored or recorded in accounting books and cannot determine the original cost of the asset according to the provisions of Points a3, a4, and a5 of this clause, but have similar assets or assets with equivalent technical standards, quality, and origin recorded in accounting books, the original cost of those similar or equivalent assets shall be used as the original cost; if there are no similar assets recorded in accounting books, the railway asset management enterprise shall hire a valuation company to reassess the remaining value of the asset and the remaining useful life to determine the original cost recorded on the Asset Transfer and Acceptance Certificate according to the following formula:

The cost of hiring a valuation company shall be allocated from the state budget in accordance with the laws on the state budget and included in the original cost of the asset.”

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

c) For existing railway infrastructure assets handed over to railway asset management enterprises in accordance with Chapter II of Decree No. 15/2025/NĐ-CP, amended and supplemented by Decree No. 99/2026/NĐ-CP, where the asset value has not been recorded in accounting books, after acceptance, the railway asset management enterprise shall cooperate with the entity currently managing/temporarily managing the asset before transfer (the transferring party) based on the source of asset formation and related documents to determine the original cost, remaining useful life, and remaining value of the asset in accordance with the corresponding provisions of Points a, b, c, and d of Clause 3, Article 12, Clause 2, Article 29 of Decree No. 15/2025/NĐ-CP, Clauses 1 and 2 of this Article, and Clause 2, Article 16 of this Circular.”

4. Supplement Clause 7:

“7. The engagement of a valuation company, the use of appraisal certificates, and the appraisal report shall be carried out in accordance with the laws on prices and other relevant laws.”

Article 21. Supplement Clause 6 of Article 9 as follows:

"6. The engagement of a business to appraise value, the use of appraisal certificates, and the appraisal reports shall be carried out in accordance with the laws on prices and other relevant laws."

Article 22. Supplement Clause 4 of Article 10 as follows:

"4. For railway infrastructure assets that a business is assigned to manage and receives from another agency, organization, unit, or business according to the decision of the competent authority within the year, the depreciation calculation for that year shall be conducted at the receiving business."

Article 23. Supplement Clause 6 of Article 11 as follows:

"6. For railway infrastructure assets that integrate information technology components, cybersecurity, and data security in accordance with the 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 not aligning with the general provisions set forth in this Circular, the national railway management agency (for national railway infrastructure assets)/urban railway management agency (for urban railway infrastructure assets) shall coordinate with relevant agencies to assess and submit to the Minister of Construction/Chairman of the People's Committee of the province for determination of the usage period and specific depreciation rate for each type of asset or system of assets. Such decisions must be based on the manufacturer's technical documentation and ensure principles of efficiency, thrift, and prevention of state budget loss."

Article 24. Supplement Clause 2 of Article 12 as follows:

"2. For railway infrastructure assets transferred, received, or handed over as stipulated in Clause 3 of Article 7 of this Circular but not yet recorded in accounting books, when railway infrastructure assets are discovered to be surplus during inventory checks as stipulated in Clause 4 of Article 7 of this Circular, the railway asset management business receiving the assets shall be responsible for calculating depreciation of the assets from the year they are put into use and recorded in the accounting books; the annual depreciation rate of the assets from the second year onward at the railway asset management business shall be determined according to the formula prescribed in Clause 1 of this Article.

Specifically, for the first year of recording in the accounting books at the railway asset management business (the year the railway asset management business receives the assets/the year the surplus discovery is made), the depreciation rate of the assets shall be determined according to the following formula:

In cases where the year of transfer or receipt of assets differs from the year reported to the competent authority for the decision to transfer, adjust, or hand over assets, the agency, unit transferring assets or the railway asset management business receiving the assets must calculate additional depreciation for the period from the year reported to the competent authority for the decision to transfer, adjust, or hand over assets until the year of transfer or receipt of assets and record it in the Transfer and Receipt Inventory Report. The depreciation rate for one year shall be determined according to the formula prescribed in Clause 1 of this Article."

Article 25. Replacing Appendix II

Replace the forms numbered 01A, 01B, 01C, 01D, 02A, and 02B as stipulated in Appendix II issued together with Circular No. 75/2025/TT-BTC with the forms numbered 01A, 01B, 01C, 01D, 02A, and 02B as stipulated in Appendix III issued together with this Circular.

Chapter IV

IMPLEMENTING PROVISIONS

Article 26. Implementing provisions

1. This Circular takes effect from the date of signature.

2. In cases where the legal normative documents referred to in this Circular are amended, supplemented, or replaced by new legal normative documents, the new legal normative documents shall be applied.

3. The Ministry of Construction and People's Committees of provinces and centrally governed cities are responsible for directing the implementation of management, depreciation calculation, declaration, and reporting on inland waterway infrastructure assets, railway assets, and maritime assets in accordance with the provisions of this Circular./.