Circular No. 74/2024/TT-BTC stipulates the management regime, depreciation of road transport infrastructure assets, and guides the declaration and reporting on road transport infrastructure assets.

CIRCULAR
Regulations on management and depreciation of road traffic infrastructure assets

and guidance on declaration and reporting on road traffic infrastructure assets

report on road transport infrastructure assets

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

Pursuant to Decree No. 44/2024/NĐ-CP dated April 24, 2024 of the Government on the management, use, and exploitation of road traffic infrastructure assets;

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

At the proposal of the Director of the State Asset Management Agency,

The Minister of Finance issues this Circular stipulating the management regime and depreciation of road traffic infrastructure assets and providing guidance on declaration and reporting on road traffic infrastructure assets.

PART I

SCOPE OF REGULATION, APPLICABLE OBJECTS

Article 1. Scope of Regulation

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

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

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

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

c) Determining the value of road traffic infrastructure assets for: Valuing the transfer of rights to collect fees for using assets, leasing rights to exploit assets, transferring rights to exploit assets for a certain period; handling road traffic infrastructure assets; participating in public-private partnership investment projects.

Article 2. Applicability

4. Organizations and units directly responsible for accounting, management, archiving records, declaring reports, and entering information into the database on road traffic infrastructure assets as defined in Clause 4, Article 2 of Decree No. 44/2024/NĐ-CP.

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

Chapter II

GENERAL PROVISIONS ON ASSET MANAGEMENT

ROAD INFRASTRUCTURE STRUCTURE

Article 3. Road Traffic Infrastructure Assets

Road traffic infrastructure assets consist of the list of asset types specified in Article 3 of Decree No. 44/2024/NĐ-CP.

Article 4. Standards for determining road traffic infrastructure assets as fixed assets

1. Determination of road traffic infrastructure assets:

a) An independent asset is determined as a single asset.

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

d) In the case where a system is assigned to multiple management agencies, the portion of the asset assigned to each agency is considered a single asset.

2. Road traffic infrastructure assets as defined in Clause 1 of this Article are determined as fixed assets when they meet the following two criteria simultaneously:

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

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

Article 5. Principles of management and responsibility of the managing agency for road traffic infrastructure assets

1. Road traffic infrastructure assets as stipulated in Article 3 and Article 4 of this Circular must be documented in asset files to manage strictly both the physical assets and their value in accordance with laws on public asset management and utilization and related laws. For the land within the road safety zone that has been compensated and cleared, only physical monitoring will be conducted without accounting for original cost, depreciation, and residual value of the asset as prescribed in this Circular. Asset value indicators (original cost, depreciation, residual value) are whole numbers; in cases where these indicators result in decimal numbers, they shall be rounded up according to the principle of adding one to the integer part.

2. Each road traffic infrastructure asset as stipulated in Article 3 and Article 4 of this Circular is a separate accounting entry object. Accounting for road traffic infrastructure assets must fully reflect and record information about the original cost, depreciation, and residual value of the asset.

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

4. For road traffic infrastructure assets that have been fully depreciated but continue to be used, the managing agency continues to manage, utilize, monitor, and preserve the asset in accordance with current regulations and does not need to calculate depreciation.

In cases where road traffic infrastructure assets have been fully depreciated but 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 period of use (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 traffic infrastructure assets, the managing agency continues 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 traffic infrastructure assets for a limited time, during the transfer period, the managing agency (the transferring party):

a) Has the responsibility to inspect and supervise the performance of obligations by the transferee in accordance with the law and the limited-term asset exploitation rights transfer contract.

b) Does not calculate depreciation of the asset according to this Circular and must continue to monitor the original cost of the asset recorded at the time of transfer on the accounting books and monitor in the financial statement notes according to the current accounting system.

c) When the limited-term asset exploitation rights transfer period ends (including cases of terminating the contract prematurely), the managing agency takes back the asset according to the limited-term asset exploitation rights transfer contract and legal provisions; re-determines the original cost and residual value of the asset according to Clause 5, Article 6 and Article 12 of this Circular to implement management and calculate depreciation according to Decree No. 44/2024/NĐ-CP and this Circular.

7. In cases where existing road traffic infrastructure assets are used to participate in public-private partnership investment projects, during the period of transferring the asset to the investor to implement the project, the managing agency:

a) Has the responsibility to monitor and report 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) Does not calculate depreciation of the asset according to this Circular and must continue to monitor the original cost of the asset recorded at the time of transferring the asset to the investor to implement the project and monitor in the financial statement notes according to the current accounting system.

c) When the investor transfers the asset to the competent state agency, the managing agency takes back the asset according to the regulations, re-determines the residual value of the asset according to Clause 6, Article 6 and Article 12 of this Circular to implement management and calculate depreciation according to Decree No. 44/2024/NĐ-CP and this Circular.

The managing agency for road traffic infrastructure assets is responsible for:

a) Establishing asset cards and conducting accounting for all road traffic infrastructure assets entrusted to its management in accordance with the current accounting system.

b) Conducting annual asset inventory; adjusting accounting figures if discrepancies arise during the inventory process.

c) Reporting asset declarations, reporting on the management, utilization, and exploitation of road traffic infrastructure assets in accordance with Article 29 of Decree No. 44/2024/NĐ-CP and the provisions of this Circular.

Chapter III

ORIGINAL COST, DEPRECIATION, RESIDUAL VALUE
OF ROAD INFRASTRUCTURE ASSETS

Article 6. Determination of the Original Cost of Road Traffic Infrastructure Assets

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

Where:

a) Trade discounts, price reductions, or penalties imposed on the seller (if any) that are deducted from the invoice value shall only be applied in cases where the invoice value includes trade discounts, price reductions, or penalties imposed on the seller.

b) Other costs (if any) are reasonable expenses directly related to the purchase of road traffic infrastructure assets that the agency has incurred up to the time of putting the asset into use. In cases where common costs arise for multiple road traffic infrastructure assets, such costs shall be allocated to each road traffic infrastructure asset based on appropriate criteria (such as quantity/length/area/invoice value of the road traffic infrastructure asset incurring common costs...).

2. For road traffic infrastructure assets formed from new construction investments and completed and put into use starting from the date this Decree No. 44/2024/ND-CP takes effect, the original cost 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 traffic infrastructure assets have been put into use (due to completion of investment construction) but have not yet received approval of the settlement value from the competent authority, the agency or unit responsible for managing the road traffic infrastructure assets shall record the accounting books from the date of handover and putting the asset into use. The recorded original cost is a provisional original cost. In this case, the provisional original cost shall be selected in the following order:

- The reviewed settlement value.

- The proposed settlement value for approval.

- The value determined in the A-B Acceptance Report.

- The total investment amount or approved project estimate or the most recently adjusted project estimate (in cases where the project estimate has been adjusted).

When the settlement value is approved by the competent authority, the asset management agency shall adjust the provisional original cost recorded in the accounting books to the approved settlement value to adjust the accounting books and account for the asset in accordance with regulations.

b) In cases where the project includes multiple components and assets (multiple accounting entries) but does not have separate estimates or settlements for each component and asset, the approved settlement value shall be allocated to each component and asset for recording in the accounting books based on appropriate criteria (such as quantity/project estimate of each component and asset/market value ratio of corresponding assets...).

In cases where the project includes multiple components and assets (multiple accounting entries) with separate estimates but without separate settlements for each component and asset, the approved settlement value shall be allocated to each component and asset for recording in the accounting books based on appropriate criteria (such as quantity/project estimate of each component and asset/market value ratio of corresponding assets...).

For projects including multiple components and assets (multiple accounting entries) that are invested in and accepted separately for each component and asset, once a component or asset has completed its construction and acceptance and put into use, it must be recorded in the accounting books from the date of handover and putting into use.

In cases where the project's settlement value needs to be adjusted according to the recommendations and conclusions of the competent authority after inspection and audit, the asset management agency must adjust the original cost according to the recommendations and conclusions of the competent authority.

f) In cases where the project includes investment in other assets (not within the scope of road traffic infrastructure assets defined in Article 3 of this Circular), the portion of the investment in other assets must be excluded from the project's settlement value when determining the original cost of the asset.

3. For road traffic infrastructure assets received by the asset management agency pursuant to the decision to transfer or allocate assets made by the competent authority from the date this Decree No. 44/2024/ND-CP takes effect (except for the case stipulated in point c of this clause), the original cost shall be determined according to the following formula:

Where:

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

a1) For assets that have been monitored and recorded in the accounting books, the original cost recorded on the Asset Transfer and Receipt Report is the original cost of the road traffic infrastructure assets already monitored and recorded in the accounting books of the agency transferring or allocating the assets.

In cases where the assets have not been monitored or recorded in the accounting books, before submitting the decision to transfer or allocate the assets to the competent authority, the agency holding the assets shall re-evaluate the asset value and the remaining useful life depreciation period of the asset. Specifically:

- In cases where the transferred or received assets (road traffic infrastructure assets being managed by the asset management agency as stipulated in Clause 3, Article 2 of this Circular) have not been recorded in the accounting books, the re-evaluation of the asset value shall be carried out in accordance with points a2, a3, and a4 of this clause.

- In cases where the assets subject to transfer or reallocation are managed by entities that are not asset management agencies as specified 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 for 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 a2, a3, and a4 of this Clause.

a2) For road infrastructure assets that have not been monitored or recorded in accounting books but have documentation establishing the purchase price or construction cost and the date of asset commissioning, 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.

a3) For road infrastructure assets that have not been monitored or recorded in accounting books and do not have documentation establishing the purchase price or construction cost as specified in Point a2 of this Clause, but have evidence to determine the date of asset commissioning and the new purchase price of similar assets or the new construction cost of assets with equivalent technical standards at the time of commissioning, 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 asset commissioning.

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

a4) For road infrastructure assets that have not been monitored or recorded in accounting books and do not have evidence to determine the original cost of road infrastructure assets as specified in Points a1, a2, and a3 of this Clause, the asset management agency shall engage an appraisal company to assess the asset value as the basis for determining the original cost recorded on the Asset Transfer and Acceptance Certificate.

b) Other costs (if any) are reasonable costs directly related to the acceptance of road infrastructure assets transferred or reallocated, which the receiving agency has incurred up to the time of asset commissioning (including costs for engaging an appraisal company to assess the asset value). In cases where common costs arise for multiple road infrastructure assets, these costs shall be allocated to each asset based on appropriate criteria (such as quantity/length/area/value of assets generating common costs/other criteria (if applicable)).

c) For existing road infrastructure assets handed over to the asset management agency as stipulated in Chapter II of Decree No. 44/2024/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 source of asset formation and related documents in accordance with the corresponding provisions of 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, if excess assets are discovered through inventory checks, the original cost of the asset shall be determined in accordance with the provisions of Clauses 1, 2, and 3 of this Article, depending on the origin and the date of commissioning.

5. For road infrastructure assets that the asset management agency accepts back after the expiration of the limited-term exploitation rights under Point c, Clause 6, Article 5 of this Circular, the original cost of the road infrastructure asset shall be reassessed as equal to the original cost recorded at the time of transfer under the Limited-Term Exploitation Rights Transfer Contract plus the investment value for upgrading and expansion projects approved by competent authorities (including offsetting the value of dismantled parts, if any); wherein the additional value due to investment in upgrading and expansion projects approved by competent authorities shall be determined similarly to the provisions of Point a, Clause 2 of this Article.

6. For road infrastructure assets that the asset management agency accepts back after the expiration of the participation period in public-private partnership investment projects as stipulated in Point c, Clause 7, Article 5 of this Circular, the asset management agency shall engage an appraisal company to reassess the residual value of the asset.

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

1. Revaluation of the value of road traffic infrastructure assets when conducting inventory according to the decision of the competent authority or person with jurisdiction.

2. Implementation of investment projects to upgrade, expand road traffic infrastructure assets according to approved plans by the competent authority or person with jurisdiction (including cases where the investment project involves other assets but includes investment in existing road traffic infrastructure assets, and cases where the project investor is not the asset management agency).

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

4. Installation of one or more parts of road traffic infrastructure assets, except for cases where installation is for replacement during maintenance.

5. Road traffic infrastructure assets being partially lost or severely damaged due to natural disasters, unforeseen incidents, or other sudden impacts, except for cases where the damage is repaired according to laws on road maintenance or restored through insurance or compensation from related organizations or individuals.

Article 8. Determination of the original cost of road traffic infrastructure assets in cases of changes to the original cost

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

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

1. For the case specified in Clause 1 of Article 7 of this Circular, the original cost of road traffic infrastructure assets shall be re-determined according to the guidance of the competent authority or person with jurisdiction regarding inventory and revaluation of assets.

2. For the case specified in Clause 2 of Article 7 of this Circular, the original cost of road traffic infrastructure assets shall be re-determined by adding the increased value due to approved investment upgrades and expansions to the current recorded original cost. The increased value due to approved upgrades and expansions shall be determined similarly to the provisions of Clause 2 of Article 6 of this Circular.

In cases where the approved project involves investment in construction, upgrading, renovation, and expansion of other assets but includes investment in existing road traffic infrastructure assets, and in cases where the project investor is not the asset management agency, the increased value due to upgrades, renovations, and expansions of road traffic infrastructure assets shall be the portion of the investment in road traffic infrastructure assets within the final settlement value of the project approved by the competent authority or person with jurisdiction.

3. For the case of dismantling one or more parts of road traffic infrastructure assets as specified in Clause 3 of Article 7 of this Circular, the original cost of road traffic infrastructure assets shall be re-determined by subtracting the value of the dismantled asset parts from the current recorded original cost and adding reasonable costs directly related to the dismantling process recognized by the asset management agency up to the completion of the dismantling, excluding cases where dismantling is for replacement during maintenance.

The value of the dismantled part of road traffic infrastructure assets shall be determined as follows:

a) If there is documentation specifying the purchase price, final settlement value, or budgeted value of the dismantled asset part, then the value of the dismantled part shall be determined based on the purchase price, final settlement value, or budgeted value.

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

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

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

4. In the case where additional parts of infrastructure assets of road traffic are installed as specified in Clause 4, Article 7 of this Circular, the original cost of the infrastructure assets of road traffic shall be re-determined by adding the original cost currently recorded to the increased value due to the installation of additional parts of infrastructure assets of road traffic and reasonable costs directly related to the installation carried out by the asset management authority up to the completion time of the installation, except for the installation of additional parts of assets to perform maintenance work on the infrastructure assets of road traffic.

Among which, the increased value due to the installation of additional parts of infrastructure assets of road traffic is the corresponding value of the additional asset parts determined according to the relevant cases stipulated in Article 6 of this Circular.

5. In the case specified in Clause 5, Article 7 of this Circular, the asset management authority shall engage an appraisal company to reassess the remaining value and the remaining depreciation period of the asset (including the cost of engaging an appraisal company to reassess the remaining value and the remaining depreciation period of the asset) in accordance with the provisions of Article 10 of this Circular for damaged assets to record in the Minutes of Determination of Original Cost Change. The original cost of the infrastructure assets of road traffic in this case shall be determined as follows:

Article 9. Principles for calculating depreciation of infrastructure assets of road traffic

1. Infrastructure assets of road traffic identified as fixed assets as stipulated in Articles 3 and 4 of this Circular, which are assigned to the asset management authority, must be depreciated in accordance with the provisions of this Circular, except for the cases specified in Clause 2 of this Article.

2. The asset management authority does not need to calculate depreciation for:

a) Infrastructure assets of road traffic that have not been fully depreciated but are irreparably damaged and cannot be repaired for use.

b) Infrastructure assets of road traffic that have been fully depreciated but are still usable.

c) Infrastructure assets of road traffic during the period of concession for exploitation rights.

d) Infrastructure assets of road traffic, including the safety zone land along the road, which have been compensated and cleared as stipulated in Article 3 of this Circular.

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

4. For infrastructure assets of road traffic arising in the year, if the usage period exceeds or equals six months, it shall be calculated as one full year, and if the usage period is less than six months, depreciation shall not be calculated in that year.

Article 10. List of Assets, Usage Period for Depreciation Calculation, and Depreciation Rate of Infrastructure Assets of Road Traffic

1. The list of assets, usage period for depreciation calculation, and depreciation rate of infrastructure assets of road traffic (excluding the depreciation period for assets in the cases specified in Clauses 2, 3, and 4 of this Article) are as follows:

2. For infrastructure assets of road traffic whose original cost has changed due to investment projects for upgrading and expanding fixed assets approved by competent authorities as specified in Clause 2, Article 7 of this Circular, the depreciation period 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 after the upgrade and expansion. The remaining depreciation period of the asset after the upgrade and expansion is determined according to the following formula:

3. For assets with changes in original cost 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 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 based on the reassessment.

4. For assets with adjustments or changes in original cost as prescribed in Point a and Point d, Clause 2, Article 6 and Clause 3, Clause 4, Article 7 of this Circular:

a) In cases where the year of adjustment or change in original cost has not yet completed the depreciation period of the asset as prescribed, the depreciation period of the asset shall be calculated up to the year when the remaining value of the asset as of 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 already completed 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 increased or decreased value due to the adjustment or change in original cost.

Article 11. Method for Calculating Depreciation of Road Traffic Infrastructure Assets

1. The annual depreciation rate of each road traffic infrastructure asset shall be calculated according to the formula:

Where:

a) The original cost of the road traffic infrastructure asset shall be determined in accordance with Article 6 and Article 8 of this Circular.

b) The depreciation rate shall be determined in accordance with Clause 1, Article 10 of this Circular.

2. For road traffic infrastructure assets transferred, received, and adjusted as prescribed in Clause 3, Article 6 of this Circular but have not yet been recorded and entered into accounting books, if such assets are found to be surplus upon inventory as prescribed in Clause 4, Article 6 of this Circular, then the annual depreciation rate of the asset from the first year after being recorded in the asset management agency's accounting books shall be determined according to the formula prescribed in Clause 1 of this Article.

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

3. The cumulative depreciation of each road traffic infrastructure asset shall be calculated according to the formula:

4. The depreciation amount for the final year of the depreciation period of road traffic infrastructure assets shall be determined as the difference between the original cost and the cumulative depreciation of the asset as prescribed in Clause 3 of this Article.

Article 12. Remaining Value of Road Traffic Infrastructure Assets

The remaining value of road traffic infrastructure assets to be recorded in accounting books shall be determined according to the following formula:

For road traffic infrastructure assets revalued as prescribed in Clause 6, Article 6 and Clause 5, Article 8 of this Circular, the remaining value of the asset at the time of revaluation shall be the remaining value of the asset based on the revaluation.

Chapter IV

INVENTORY AND REPORTING ON INFRASTRUCTURE ASSETS

ROAD TRAFFIC INFRASTRUCTURE ASSETS

Article 13. Model for Initial Declaration Report and Supplementary Declaration Report on Road Transport Infrastructure Assets

The model for the declaration report on road transport infrastructure assets as stipulated in Clause 2, Article 29 of Decree No. 44/2024/NĐ-CP is specified as follows:

1. The initial declaration report according to Model No. 01A prescribed in the Appendix attached hereto shall apply to:

Existing road transport infrastructure assets at the time when Decree No. 44/2024/NĐ-CP takes effect (including assets that have already been declared initially pursuant to Decree No. 33/2019/NĐ-CP dated April 23, 2019 of the Government);

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

2. The supplementary declaration report according to Model No. 01B and Model No. 01C prescribed in the Appendix attached hereto shall apply in cases where there are changes in information about the asset management agency or information about road transport infrastructure assets that have been declared initially.

Article 14. Model for Reporting on Management, Utilization, and Exploitation of Road Transport Infrastructure Assets

The model for reporting on the management, utilization, and exploitation of road transport infrastructure assets as stipulated in Clause 5, Article 29 of Decree No. 44/2024/NĐ-CP is specified as follows:

1. The exploitation situation report on road transport infrastructure assets according to each method prescribed in Articles 13, 14, 15, and 16 of Decree No. 44/2024/NĐ-CP shall be made according to Model No. 01D prescribed in the Appendix attached hereto.

2. The consolidated report on the management and utilization of road transport infrastructure assets shall be made according to Model No. 02A prescribed in the Appendix attached hereto.

3. The consolidated report on the exploitation of road transport infrastructure assets shall be made according to Model No. 02B prescribed in the Appendix attached hereto.

Chapter V

IMPLEMENTING PROVISIONS

Article 15. Transitional Provisions

1. For existing road transport infrastructure assets before the effective date of Decree No. 44/2024/NĐ-CP which have been valued and recorded in accounting books in accordance with Decree No. 10/2013/NĐ-CP dated January 11, 2013 of the Government, Decree No. 33/2019/NĐ-CP dated April 23, 2019 of the Government, and Circulars guiding thereof issued by the Ministry of Finance, the value already determined for recording in accounting books shall be used.

2. For existing road transport infrastructure assets before the effective date of Decree No. 44/2024/NĐ-CP which have not yet been valued and recorded in accounting books in accordance with Decree No. 10/2013/NĐ-CP dated January 11, 2013 of the Government, Decree No. 33/2019/NĐ-CP dated April 23, 2019 of the Government, and Circulars guiding thereof issued by the Ministry of Finance, the valuation of the asset shall be carried out in accordance with Clause 1, Article 5 and Clause 4, Article 8 of Circular No. 35/2022/TT-BTC dated June 16, 2022 of the Ministry of Finance regarding the management system and depreciation of road transport infrastructure assets as fixed assets.

3. For road transport infrastructure assets that have been tracked in the accounting books of the asset management agency before the effective date of this Circular, if the depreciation period and depreciation rate stipulated in Clause 1, Article 10 of this Circular differ from those prescribed in Appendices No. 01 and No. 03 attached to Circular No. 35/2022/TT-BTC dated June 16, 2022 of the Ministry of Finance, then starting from the fiscal year 2024, the annual depreciation amount of the asset shall be determined as follows:

Where:

Specifically, the depreciation amount for the last year within the depreciation period of the asset is the difference between the original cost and the accumulated depreciation of the asset.

In cases where the asset has exceeded the prescribed depreciation period but still retains residual value, the depreciation amount for 2024 will be equal to the remaining value of the asset as of December 31, 2023.

Article 16. Effectiveness and Responsibility for Implementation

1. This Circular takes effect from December 15, 2024 and shall be applied from the fiscal year 2024.

2. This Circular replaces Circular No. 35/2022/TT-BTC dated June 16, 2022 of the Minister of Finance regarding the management system and depreciation of road transport infrastructure assets as fixed assets.

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