Thông tư 72/2025/TT-BTC quy định chế độ quản lý, tính hao mòn tài sản kết cấu hạ tầng hàng hải và hướng dẫn việc kê khai, báo cáo về tài sản kết cấu hạ tầng hàng hải do Bộ trưởng Bộ Tài chính ban hành

CIRCULAR

MANAGEMENT, CALCULATION OF DEPRECIATION OF MARITIME INFRASTRUCTURE ASSETS AND GUIDANCE ON DECLARATION AND REPORT ON MARITIME INFRASTRUCTURE ASSETS

Pursuant to the Government’s Decree No. 84/2025/ND-CP dated April 04, 2025 on management, use, and operation of maritime infrastructure assets;

Pursuant to the Government's Decree No. 29/2025/ND-CP dated February 24, 2025 on functions, duties, powers and organizational structure of the Ministry of Finance; the Government's Decree No. 166/2025/ND-CP dated June 30, 2025 on amendments to the Government's Decree No. 29/2025/ND-CP dated February 24, 2025;

At the request of the Director of Agency of Public Asset Management;

The Minister of Finance promulgates Circular on management, calculation of depreciation of maritime infrastructure assets and guidance on declaration and report on maritime infrastructure assets.

Chapter I

SCOPE AND REGULATED ENTITIES

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1. This Circular provides for management, calculation of depreciation of maritime infrastructure assets that are fixed assets and guidance on declaration and report on maritime infrastructure assets invested and managed by the State.

2. This Circular does not apply to:

a) Maritime infrastructure assets specified in clause 2 Article 1 of the Government’s Decree No. 84/2025/ND-CP dated April 04, 2025.

b) Determination of service life of maritime infrastructure assets for execution of projects on investment in construction, upgradation, renovation, expansion, and maintenance of maritime infrastructure assets.

c) Determination of value of maritime infrastructure assets for leasing of rights to operate assets or transfer of rights to operate assets for specific terms; disposal of maritime infrastructure assets.

Article 2. Regulated entities

1. Maritime authorities.

2. Maritime management authorities, including central and local maritime management authorities specified in clause 2 Article 2 of the Government’s Decree No. 84/2025/ND-CP.

3. Authorities assigned to manage maritime infrastructure assets specified in point a clause 2 Article 2 of the Government’s Decree No. 84/2025/ND-CP (hereinafter referred to as “central asset management authorities”), point b clause 2 Article 2 of the Government’s Decree No. 84/2025/ND-CP (hereinafter referred to as “local asset management authorities”).

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Chapter II

GENERAL PROVISIONS ON MANAGEMENT OF MARITIME INFRASTRUCTURE ASSETS

Article 3. Maritime infrastructure assets

Maritime infrastructure assets that have their original costs, residual value, and depreciation determined under this Circular include:

1. Terminals, floating terminals.

2. Offices, service facilities, warehouses, depots, buildings and other auxiliary works in terminal areas.

3. Traffic information system, communication system, electricity and water system in terminal areas.

4. Vessel traffic service (VTS) system.

5. Breakwaters, sand breaks, flow-redirecting revetments, bank-protecting revetments.

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7. Portage areas, anchorage, storm shelters in seaport waters;

8. Other maritime infrastructure assets.

Article 4. Standards applicable to maritime infrastructure assets determined as fixed assets

1. Maritime infrastructure assets shall be determined as follows:

a) Assets used independently are determined as a single asset.

b) A system that consists of multiple separate asset components connected with each other to perform one or more specific functions, where the absence of any component can cause the entire system to be non-operational, is determined as a single asset.

c) Where a system is assigned to multiple management authorities, the part assigned to each authority is a single asset.

2. Maritime infrastructure assets prescribed in clause 1 of this Article shall be determined as fixed assets when they meet the following 2 standards:

a) Having an operational time of at least 1 year.

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Article 5. Management principles and responsibilities of maritime infrastructure asset management authorities

1. Maritime infrastructure assets prescribed in Articles 3 and 4 of this Circular shall be made into asset records for strict item and value management according to the law on management and use of public assets and relevant laws. Targets concerning original costs, depreciation, and residual value of maritime infrastructure assets determined as fixed assets shall be integers; where results of the determination of the mentioned targets are decimal numbers, they shall be rounded according to the accounting law.

2. Each maritime infrastructure asset prescribed in Article 4 of this Circular shall be a separate accounting element. The accounting of maritime infrastructure assets shall reflect and record adequate information on the assets' original costs, depreciation, and residual value.

3. If a maritime infrastructure asset is no longer in use but is not fully depreciated according to regulations, its management authority shall continue to manage, monitor, and preserve it under current regulations and depreciate it according to this Circular until it is disposed as per regulation.

4. If a maritime infrastructure asset has been fully depreciated but is still in use, its management authority shall continue to manage, use, monitor, and preserve it under current regulations without further depreciation.

If a maritime infrastructure asset has been fully depreciated but has its original cost changed according to Article 7 of this Circular, it must be depreciated according to regulations for the remaining operational time (if any) after the original cost is changed.

5. In case of leasing of rights to operate maritime infrastructure assets, asset management authorities shall continue to manage, monitor, and depreciate such assets according to this Circular during the lease period.

6. In case of fixed-term transfer of rights to operate maritime infrastructure assets, during the transfer period, asset management authorities (transferors) shall:

a) Inspect and supervise transferees’ fulfillment of their obligations according to the laws and contracts for the term-based transfer of asset operation rights.

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c) Upon expiration of the fixed-term transfer of rights to operate maritime infrastructure assets (including premature termination of contracts), receive the assets under the contracts for the fixed-term transfer of asset operation rights and laws; re-determine the original costs and residual value of assets according to clause 5 Article 6 and Article 12 of this Circular for management and depreciation according to Decree No. 84/2025/ND-CP and this Circular.

7. In case of use of existing maritime infrastructure assets for participation in public-private partnership investment projects, by the deadline for handover of assets to investors for implementation of projects, asset management authorities shall:

a) Monitor and prepare reports on the asset part permissible to be used for participation in projects during the handover to investors for implementation of projects.

b)  Not depreciate these assets according to this Circular and continue to monitor the original costs of assets recorded at the time of the handover to investors for implementation of projects and monitored in the presentation of financial statements according to current accounting regulations.

c) When investors transfer the assets to competent state authorities, asset management authorities shall receive the assets as per regulation and re-determine the residual value of the assets according to clause 6 Article 6 and Article 12 of this Circular for management and depreciation according to Decree No. 84/2025/ND-CP and this Circular.

8. Authorities managing assets and organizations and units prescribed in clause 4 Article 2 of this Circular shall:

a) Do accounting for all assigned maritime infrastructure assets according to current accounting regulations; prepare reports on increase, decrease, and depreciation of maritime infrastructure assets according to the law; ensure that maritime infrastructure asset data included in accounting logs are consistent with the reported data on the maritime infrastructure asset database system. If such data are different, they must be accurately updated accordingly.

b) Annually make asset inventory; take a general inventory of assets according to competent authorities or persons’ decisions; adjust accounting figures if there are differences during the inventory to ensure that the figures on the accounting logs match the actual figures of the fixed assets.

c) Prepare declaration reports and reports on management, use, and operation of maritime infrastructure assets according to Article 27 of the Decree No. 12/2025/ND-CP and this Circular.

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ORIGINAL COSTS, DEPRECIATION, AND RESIDUAL VALUE OF MARITIME INFRASTRUCTURE ASSETS

Article 6. Determination of original costs of maritime infrastructure assets

1. Any maritime infrastructure asset generated from procurement and put into use from the effective date of the Decree No. 84/2025/ND-CP shall have its original cost determined according to the following formula:

Original cost of the maritime infrastructure asset generated from procurement

=

Value on the invoice

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Trade discounts, rebates, or seller fines (if any)

+

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+

Taxes (excluding deductible and refundable taxes); fees and charges according to the law on fees and charges (if any)

+

Other costs (if any)

Where:

a) Trade discounts, rebates, or seller fines (if any) deducted from the value on the invoice may only be applied if such value includes trade discounts, rebates, or seller fines.

b) Other costs (if any) refer to reasonable costs relevant to the procurement of the maritime infrastructure asset that the authority has paid up to the point when such asset is put into use. Where there are general costs for multiple maritime infrastructure assets, the costs shall be allocated to each maritime infrastructure asset on the basis of appropriate criteria (quantity/amount/length/area/value on invoices of maritime infrastructure assets with incurred general costs, etc.).

2. The original cost of any maritime infrastructure asset generated from construction and put into use from the effective date of Decree No. 84/2025/ND-CP is the settlement value approved by competent authorities or persons according to the law. Special cases:

a) Where maritime infrastructure assets have undergone testing and are in use (due to completion of the construction investment), but no settlement is approved by competent authorities or persons, asset management authorities shall conduct the recording of the asset accounting logs from the handover date for putting the assets into use. The original costs recorded in the accounting logs are the provisional original costs. The provisional original costs in this case shall be selected by the following order of priority:

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-  Value requested for approval of settlement.

- Total contract value determined according to cost settlement of the corresponding maritime infrastructure assets between investors and contractors (A-B settlement).

- Value of total investment approved or adjusted recently;

- Value of project estimate approved or adjusted recently (in case the project estimate is adjusted).

When competent authorities or persons approve the settlement, asset management authorities shall adjust the provisional original costs on the basis of the approved settlement value for adjustments to accounting logs and implementation of asset accounting as per regulations.

b) Where projects include multiple different items and/or assets (multiple accounting elements) without separate estimates and/or settlement for each item and/or asset, the settlement value approved by competent authorities or persons shall be allocated to each item and/or asset for recording accounting logs on the basis appropriate criteria (quantity, specific estimate, etc.).

Where projects include multiple different items and/or assets (multiple accounting elements) with separate estimates and without separate settlement for each item and/or asset, the settlement value approved by competent authorities or persons shall be allocated on the basis of the ratio prescribed in the detailed estimate to each item and/or asset for recording the accounting log.

c) Where projects include multiple different items and/or assets (multiple accounting elements) subject to investment and/or testing by each item and/or asset, items and/or assets that have been constructed or undergone testing for being put into use shall be recorded in accounting logs from the handover date for being put into use. The original costs recorded in accounting logs shall be the provisional original costs prescribed in point a of this clause.

When the project settlement is approved by competent authorities or persons, asset management authorities shall allocate the settlement value approved by competent authorities or persons to each item and/or asset to record or adjust the accounting log (for items and/or assets recorded in accounting logs) on the basis of appropriate criteria (quantity, specific estimate, etc.).

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dd) Where projects have contents concerning investment in other assets (not maritime infrastructure assets prescribed in Article 3 of this Circular), the value of investment in other assets shall be excluded from the project settlement value when determining the original costs of assets.

3. Any maritime infrastructure asset received by asset management authorities under assignment or transfer decisions issued by competent authorities or persons from the effective date of Decree No. 84/2025/ND-CP (excluding the cases prescribed in point c of this clause) shall have its original cost determined according to the following formula:

Original cost of the assigned or transferred maritime infrastructure asset

=

Original cost in the asset handover/receipt record

+

Transport, loading and unloading, repair, renovation, upgrade, installation, and testing costs

+

Fees and charges according to the law on fees and charges (if any)

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Other costs (if any)

Where:

a) The original cost in the asset handover/receipt record shall be determined as follows:

a1) The original cost in the asset handover/receipt record of any asset monitored and recorded in the accounting log is the original cost of the maritime infrastructure asset monitored and recorded in the accounting log of the authority that has the assigned or transferred asset.

Where the asset is yet to be monitored and/or recorded in the accounting log before requesting the competent authority or person to decide the asset assignment or transfer, the authority that has the asset shall re-assess its value and remaining useful life. Where:

- In case the assigned or transferred asset (maritime infrastructure asset assigned to the asset management authority prescribed in clause 3 Article 2 of this Circular) is yet to be monitored and recorded in the accounting log, the re-assessment of its value shall comply with points a2, a3, and a4 of this clause.

- Where the assigned or transferred asset is managed by an entity that is not an asset management authority according to clause 3 Article 2 of this Circular, the re-assessment of the asset value shall comply with the law relevant to asset value re-assessment by such entities. Where the relevant law does not stipulate the reassessment, regulations in points a2, a3, and a4 of this clause shall be complied with.

a2) Any maritime infrastructure asset that is yet to be monitored and recorded in the accounting log with a document determining the purchase price or the construction price, and the time for putting such asset into use shall have its original cost in the asset handover/receipt record determined under clauses 1 and 2 of this Article.

a3) In case a maritime infrastructure asset is yet to be monitored and recorded in the accounting log without a document determining the purchase price or construction price according to point a2 of this clause but there are grounds to determine the time for putting such asset into use and the purchase price of new assets of the same type, or the construction price of new assets with similar technical standards at the time of putting the asset into use, the original cost in the asset handover/receipt record shall be determined according to the following formula:

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=

Purchase price of new assets of the same type or construction price of new assets with similar technical standards at the time of putting the asset into use

Where:

- The price of new assets of the same type applicable to assets that are not houses, construction works, or architectural items shall be the price of new assets of the same type sold on the market when the asset is put into use.

- The construction price of new assets with similar technical standards applicable to assets that are houses, construction works, or architectural items (including houses, construction works, and architectural items generated from procurement) shall be determined according to the following formula:

Construction price

=

Unit price of the construction of new assets with similar technical standards promulgated by relevant Ministries (or following specific regulations issued by local governments of provinces/communes where the asset is located), applicable when the asset is put into use

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+

Value of other structures associated with works/work items (including ceiling, floor/other criteria (if any)) determined under the regulations of relevant Ministries (or specific regulations issued by local governments of provinces/communes  where the asset is located) when the asset is put into use

a4) In case a maritime infrastructure asset is yet to be monitored and recorded in the accounting log without a document determining the purchase price or construction price according to point a2 of this clause and there are no ground for determining the time for putting such asset into operation and the purchase price of new assets of the same type, or the construction price of new assets with similar technical standards at the time of putting the asset into use according to point a3 of this clause, the conventional price decided by the competent authority or person shall be used as the original cost of the asset.

a5) Regarding a maritime infrastructure asset that is yet to be monitored and recorded in the accounting log without any ground for determining its original cost according to points a2, a3, and a4 of this clause, the asset management authority shall hire a valuation enterprise according to the law on prices to determine the asset value to serve as the ground for determination of the original cost in the asset handover/receipt record.

b) Other costs (if any) refer to reasonable costs concerning the receipt of the assigned or transferred maritime infrastructure asset that the authority receiving such asset has paid up until the asset is put into use. Where there are general costs for multiple maritime infrastructure assets, the costs shall be allocated to each asset on the basis of appropriate criteria (quantity/amount/length/area/value of the assets with incurred general costs/other criteria (if any)).

c) Regarding any existing maritime infrastructure asset assigned to the asset management authority according to Chapter II of the Decree No. 84/2025/ND-CP whose value is yet to be monitored on the accounting log, after the receipt, the asset management authority shall cooperate with the agency, organization, or unit currently/temporarily managing the asset before the assignment (assigning party) in, on the basis of the origin of the asset and relevant documents, determining the original cost and residual value of the asset according to respective regulations prescribed in points a, b, c, and d clause 3 Article 9 of the Decree No. 84/2025/ND-CP and clauses 1 and 2 of this Article and clause 2 Article 15 of this Circular.

4. Depending on the origin and time of use, the original cost of a maritime infrastructure asset considered excessive during its use for inventory shall be determined according to clauses 1, 2, and 3 of this Article.

5. Regarding any maritime infrastructure asset received by the asset management authority after the term of the term-based transfer of asset operation rights according to point c clause 6 Article 5 of this Circular expires, the original cost of such the mentioned asset shall be re-determined by the recorded original cost at the time of the transfer according to the contract for the term-based transfer of asset operation rights plus the investment in the upgradation and expansion according to the project approved by a competent authority or person (including clearing of the value of the dismantled asset parts (if any)); specifically, the increased value due to investment in the upgradation and expansion according to the project approved by the competent authority or person shall be determined according to point a clause 2 of this Article.

6. Regarding a maritime infrastructure asset received by the asset management authority after the period for participation in a public-private partnership investment project prescribed in point c clause 7 Article 5 of this Circular expires, its original cost is value of the asset invested in the form of public-private partnership according to the Government’s regulations on jurisdiction and procedures for establishment of all-people ownership of assets and disposal of assets under established all-people ownership and the asset management authority shall hire a valuation enterprise to re-assess the asset’s residual value in case the all-people ownership is not required to be established.

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1. Reassessment of the value of maritime infrastructure assets when carrying out the inventory according to decisions issued by the Prime Minister.

2. Investment in upgradation, renovation and expansion of maritime infrastructure assets according to projects approved by competent authorities or persons (including cases of projects on investment in construction, upgradation, renovation, and expansion of other assets containing investment in existing maritime infrastructure assets and cases where investors in projects on investment in upgradation, renovation, and expansion of assets are not asset management authorities).

3. Dismantlement of one of several parts of maritime infrastructure assets (in case where the value of the asset parts to be dismantled is recorded in the asset's original cost), excluding cases of dismantlement for replacement while maintaining works.

4. Installation of one or several parts of maritime infrastructure assets, except for cases of installation for replacement while maintaining works.

5. Missing part of or severe damage to maritime infrastructure assets due to natural disasters, force majeure, or other irregular impacts (except for cases where the assets have their issues remedied according to the law on maritime maintenance or are restored through insurance or compensation from relevant organizations and individuals).

Article 8. Determination of original costs of maritime infrastructure assets in case of changes to original costs

Upon changes to the original costs of maritime infrastructure assets in the cases prescribed in Article 7 of this Circular, asset management authorities shall prepare records specifying the reasons (cases) for changes to the original costs while re-determining the original cost targets of maritime infrastructure assets for use as the grounds for determination of the depreciation and residual value of the assets to revise the accounting logs and conduct management and depreciation according to this Circular.

The redetermination of the original costs of maritime infrastructure assets for cases of changes to the original costs prescribed in Article 7 of this Circular shall be carried out as follows:

1. Regarding the case prescribed in clause 1 Article 7 of this Circular, the original cost of the maritime infrastructure asset shall be re-determined according to guidelines given by the competent authority or person for asset inventory and reassessment.

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Where the project approved by the competent authority or person for investment in upgradation, renovation, and expansion of other assets contains investment in an existing maritime infrastructure asset and the investor in the project on investment in upgradation, renovation, and expansion of assets is not an asset management authority, the increased value due to upgradation, renovation, and expansion of the maritime infrastructure asset is the investment in the maritime infrastructure included in the settlement value of the project approved by the competent authority or person.

3. In case of dismantlement of one or more maritime infrastructure asset parts according to clause 3 Article 7 of this Circular, the original cost of the maritime infrastructure asset shall be re-determined by the original cost that is being recorded minus the value of the dismantled maritime infrastructure asset part plus the reasonable cost relevant to the dismantlement paid by the asset management authority by the completion of the dismantlement, except for the dismantlement of one or more maritime infrastructure assets for replacement while maintaining works of maritime infrastructure assets.

Specifically, the value of the dismantled maritime infrastructure asset part shall be determined as follows:

a) Where there are documents determining the purchase price and/or settlement price/estimate price of the dismantled maritime infrastructure asset part, the value of the dismantled asset part shall be determined on the basis of its purchase price and/or settlement price/estimate price.

b) Where there are no documents prescribed in point a of this Clause, but it is possible to allocate the original cost of the maritime infrastructure asset to the dismantled asset part according to appropriate criteria (quantity, amount, purchase price, estimate, etc.), the value of the dismantled maritime infrastructure asset part shall be determined according to the allocated value.

c) Where there are no documents prescribed in point a of this clause and it is impossible to allocate the original cost of the maritime infrastructure asset to the dismantled asset according to point b of this Clause, the value of the dismantled asset part shall be determined as the new purchase price of such part on the market at the time of putting the asset into use.

Where it is impossible to determine the new purchase price of the dismantled maritime infrastructure asset part on the market at the time of putting the asset into use, the asset management authority shall hire a valuation enterprise according to the law on prices to determine the value of the dismantled maritime infrastructure asset part to serve as the ground for determining the original cost of the asset after the dismantlement.

4. In case of installation of one or more maritime infrastructure asset parts according to clause 4 Article 7 of this Circular, the original cost of the maritime infrastructure asset shall be re-determined by the original cost that is being recorded plus the increased value due to the installation of one or more maritime infrastructure asset parts plus the reasonable cost relevant to the installation paid by the competent authority by the completion of the installation, except for the installation of one or more maritime infrastructure asset parts for maintenance of works of the maritime infrastructure asset.

Specifically, the increased value due to the installation of one or more maritime infrastructure asset parts is the corresponding value of the installed maritime infrastructure asset part determined according to the respective cases prescribed in Article 6 of this Circular.

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Original cost of the maritime infrastructure asset

=

Residual value of the asset according to the reassessment

x

Useful life of the asset according to Article 10 of this Circular (year)

Remaining useful life of the asset according to the reassessment (year)

Article 9. Principles of depreciation of maritime infrastructure assets

1. Maritime infrastructure assets (determined as fixed assets according to Articles 3 and 4 of this Circular) assigned to asset management authorities shall undergo depreciation according to this Circular, except for the cases prescribed in clause 2 of this Article.

2. Asset management authorities are not required to depreciate:

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b) Maritime infrastructure assets that are fully depreciated but still usable.

c) Maritime infrastructure assets that are currently subject to fixed-term transfer of operation rights.

d) Maritime infrastructure assets during the period of participation in public-private partnership projects.

3. Depreciation of maritime infrastructure assets shall be carried out once a year in December 31, before the cut-off date of the accounting logs.

Article 10. List of maritime infrastructure assets and operational time for depreciation and depreciation percentage

1. The list of maritime infrastructure assets, useful life, and depreciation percentage (excluding the useful life of assets for the cases prescribed in clauses 2, 3, and 4 of this Article) are prescribed as follows:

NO.

List of types of maritime infrastructure assets

Operational time for depreciation (year)

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1

Terminals

50

2

2

Floating terminals

20

5

3

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- Level I

80

1,25

- Level II

50

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- Level III

25

4

- Level IV

15

6,67

4

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25

4

5

Traffic information system, communication system, electricity and water system in terminal areas

10

10

6

Stations and architectural items (operation houses, construction works) directly serving the operation of vessel traffic service (VTS) system

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- Level I

80

1,25

- Level II

50

2

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25

4

- Level IV

15

6,67

7

Breakwaters, sand breaks, flow-redirecting revetments, bank-protecting revetments.

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- Level I

80

1,25

- Level II

50

2

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25

4

- Level IV

15

6,67

8

Navigation channels, pilot boarding areas, phytosanitary inspection area.

50

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9

Portage areas, anchorage, storm shelters in seaport waters

50

2

10

Other maritime infrastructure assets.

10

10

2. Regarding maritime infrastructure assets used in areas where the weather or the environment affects the depreciation, if necessary to stipulate regulations on operational time for depreciation and depreciation percentage of the fixed assets that are different from those of Article 10 of this Circular, the Minister of Construction and provincial People’s Committees shall provide elaboration. The adjustment to the depreciation percentage of these assets must not exceed 20% of the percentage specified in clause 1 of this Article.

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Remaining useful life of the asset after the upgradation and expansion

=

Original cost of the asset after changes

-

Accumulated depreciation of the asset by December 31 of the year of changes to the original cost

:

Annual depreciation of the asset from the year of changes to the original cost determined according to clause 1 Article 11 of this Circular

4. Regarding assets that have their original costs changed in case of losing a part or suffering from severe damage due to natural disasters, force majeure, or other irregular impacts according to clause 5 Article 7 of this Circular, the useful life of the assets equals the time when the assets are depreciated before changes to the original costs plus the remaining useful life of the assets according to the reassessment.

5. Regarding assets that have their original costs adjusted or changed according to points a and d clause 2 Article 6 and clauses 3 and 4 Article 7 of this Circular:

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b) Where the year of adjustments or changes to the original costs occurs after the useful life of the assets according to regulations, 1 year shall be added to the useful life of the assets (the year when adjustments or changes to the original costs occur) to handle the increased or decreased value due to adjustments or changes to the original costs.

Article 11. Methods for depreciation of maritime infrastructure assets

1. The annual depreciation of each maritime infrastructure asset shall be calculated according to the following formula:

Annual depreciation of the asset

=

Original cost of the asset

x

Depreciation percentage (% year)

Where:

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b) The depreciation percentage shall be determined according to clauses 1 and 2 Article 10 of this Circular.

2. Regarding maritime infrastructure assets that are assigned or transferred as prescribed in clause 3 Article 6 of this Circular but are not monitored and recorded in the accounting logs and maritime infrastructure assets considered excessive upon inventory as prescribed in clause 4 Article 6 of this Circular, the annual depreciation of such assets after the first year of recording the accounting logs at asset management authorities shall be determined following the formula prescribed in clause 1 of this Article.

Regarding the first year of recording the accounting logs at asset management authorities (the year when the asset management authorities receive the assets or the year of implementing inventory and detecting the excessiveness), the depreciation of assets shall be calculated according to the following formula:

Depreciation of the first year of recording the accounting log

=

Annual depreciation of the asset, determined following the formula prescribed in clause 1 of this Article

x

Useful life of assets of the same type according to clause 1 Article 10 of this Circular (year)

-

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3. The accumulated depreciation of each maritime infrastructure asset shall be calculated according to the following formula:

Accumulated depreciation by December 31 of year (n)

=

Accumulated depreciation by December 31 of year (n-1)

+

Increased depreciation of the asset in year (n)

-

Decreased depreciation of the asset in year (n)

4. The asset depreciation for the final year of the useful life of the maritime infrastructure asset shall be equal to the original cost minus the accumulated depreciation of the asset, determined according to clause 3 of this Article.

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The residual value of a maritime infrastructure asset for recording the accounting log shall be determined according to the following formula:

Residual value of the asset by December 31 of year (n)

=

Original cost of the asset

-

Accumulated depreciation by December 31 of year (n)

Regarding any maritime infrastructure asset that has its value determined or re-assessed according to clause 6 Article 6 and clause 5 Article 8 of this Circular, the value after the re-assessment shall be the residual value of the asset.

Chapter IV

DECLARATION AND REPORT ON MARITIME INFRASTRUCTURE ASSETS

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Forms of declaration reports on maritime infrastructure assets prescribed in clause 2 Article 27 of the Decree No. 84/2025/ND-CP are prescribed as follows:

1. Initial declaration reports following Form No. 01A in the Appendix enclosed with this Circular apply to:

Existing maritime infrastructure assets when the Decree No. 84/2025/ND-CP comes into force (including assets that have undergone the initial declaration report according to the Decree No. 43/2018/ND-CP dated March 12, 2018 of the Government of Vietnam);

Maritime infrastructure assets generated from the effective date of the Decree No. 84/2025/ND-CP onwards.

2. Additional declaration reports following Form No. 01B and Form No. 01C in the Appendix enclosed with this Circular are applicable in cases where there are changes to the information on asset management authorities or information on maritime infrastructure assets that have undergone the initial declaration report.

Article 14. Forms of reports on management, use, and operation of maritime infrastructure assets

Forms of reports on management, use, and operation of maritime infrastructure assets prescribed in clause 5 Article 27 of the Decree No. 84/2025/ND-CP are prescribed as follows:

1. Reports on operation of maritime infrastructure assets according to the methods prescribed in Articles 13, 14, and 15 of Decree No. 84/2025/ND-CP, following Form No. 01D in the Appendix enclosed with this Circular.

2. Consolidated reports on management and use of maritime infrastructure assets following Form No. 02A in the Appendix enclosed with this Circular.

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Chapter V

IMPLEMENTATION CLAUSES

Article 15. Transitional provisions

1. Regarding any maritime infrastructure asset that exists before the effective date of the Decree No. 84/2025/ND-CP and has its value determined for recording the accounting log according to the Decree No. 43/2018/ND-CP and guiding Circulars of the Ministry of Finance of Vietnam, the determined value shall be used to record the accounting log.

2. Regarding any maritime infrastructure asset existing before the effective date of the Decree No. 84/2025/ND-CP without having specific values determined for recording the accounting log or being depreciated for the operational year according to the Decree No. 43/2018/ND-CP and guiding Circulars of the Ministry of Finance of Vietnam, the determination of the asset value and accumulated depreciation of the operational year shall comply with this Circular.

3. In case maritime infrastructure assets are monitored on accounting logs of asset management authorities before the effective date of this Circular and the time for depreciation and depreciation percentage prescribed in clause 1 Article 10 of this Circular have changed compared to those prescribed in the Appendix enclosed with Circular No. 75/2018/TT-BTC from the 2025 fiscal year, the annual depreciation of the assets shall be determined as follows:

Annual depreciation of the asset

=

Residual value of the asset by December 31 of year according to the accounting log

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...

Where:

 Remaining useful life of the asset (year)

=

Useful life of assets of the same type according to regulations (year)

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 Operational time of the asset (year)

The useful life of assets of the same type shall be determined according to clause 1 Article 10 of this Circular.

Particularly, the asset depreciation for the final year within the useful life of the assets shall be determined by the original costs minus the accumulated depreciation of such assets.

Where the useful life of assets has expired according to regulations but the assets still have residual value, the depreciation of 2025 shall equal the residual value of the assets by December 31, 2024.

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Article 16. Entry into force and implementation responsibilities

1. This Circular comes into force from August 15, 2025 and is applicable from the 2025 fiscal year.

2. Contents concerning regulations on management and depreciation of maritime infrastructure assets in Article 1 thru Article 11 and the Appendix III of the Circular No. 75/2018/TT-BTC dated August 17, 2018 of the Minister of Finance of Vietnam shall cease to have effect from the effective date of this Circular.

3.  Where any legislative document cited in this Circular is amended or replaced, the newest document shall prevail.

4. Relevant Ministries, central authorities, and People’s Committees of provinces and cities shall direct management, depreciation, declaration, and report on maritime infrastructure assets according to this Circular./.

PP. MINISTER
DEPUTY MINISTER




Bui Van Khang