What are included in the inland waterway transport infrastructure asset management dossier in Vietnam?

What are included in the inland waterway transport infrastructure asset management dossier in Vietnam?

Pursuant to Article 6 of the Decree 45/2018/NĐ-CP stipulating the inland waterway transport infrastructure asset management record in Vietnam as follows:

1. A dossier of management of inland waterway transport infrastructure assets includes:

a) Dossiers related to the formation and change of inland waterway transport infrastructure assets according to the provisions of this Decree and relevant laws;

b) Declaration report; report on the management, use and exploitation of inland waterway transport infrastructure assets as prescribed in Article 27 of this Decree;

c) Database on inland waterway transport infrastructure assets as prescribed in Article 28 of this Decree.

2. Agencies assigned to manage inland waterway transport infrastructure assets are responsible for:

a) Prepare dossiers on inland waterway transport infrastructure assets under its management;

b) Manage and store fully dossiers on inland waterway transport infrastructure assets under their management and comply with the reporting regime to the Ministry of Transport, the provincial People's Committees and competent state agencies as prescribed in this Decree.

What are regulations on accounting for inland waterway transport infrastructure assets in Vietnam?

Pursuant to Article 7 of the Decree 45/2018/NĐ-CP stipulating accounting for inland waterway transport infrastructure assets in Vietnam as follows:

1. Inland waterway transport infrastructure assets having an independent structure or a system of many separate asset parts linked together to perform one or a number of certain functions is a bookkeeping object.

In case a system is assigned to many management agencies, the object of accounting bookkeeping is the portion of assets assigned to each agency.

2. Agencies assigned to manage inland waterway transport infrastructure assets are responsible for:

a) Open books and perform accounting for inland waterway transport infrastructure assets assigned to manage in accordance with the law on accounting and this Decree;

b) Make annual report on increase, decrease and depreciation of inland waterway transport infrastructure assets according to the provisions of law.

3. Original cost and residual value of inland waterway transport infrastructure assets are determined according to the following principles:

a) For inland waterway transport infrastructure assets in use before the effective date of this Decree: In case there is information about the original cost and residual value of the property, the asset shall be used. available value for accounting entries; if there is no information on the historical cost and residual value of the asset, the conventional price shall be used to determine the asset value as the historical record price in the accounting books; the conventional price of property (central and local) decided by the Minister of Transport;

b) For inland waterway transport infrastructure assets completed and put into use from the effective date of this Decree, the book value is the purchase value as prescribed, or approved settlement value;

c) In case the inland waterway transport infrastructure property is newly invested, completed, and put into use but has not yet been approved for settlement by a competent agency or person, the provisional historical cost shall be used. for bookkeeping. The estimated historical cost in this case shall be selected in the following order of priority: The value proposed for settlement; value determined according to the Minutes of Acceptance A - B; approved project cost estimate. When the final settlement value of a project is approved by a competent agency or person, the agency assigned to manage the property must adjust the recorded value in accordance with the law on accounting;

d) In case the inland waterway transport infrastructure property is upgraded or expanded during the course of management and use under a project approved by a competent authority or person, the settlement value of the project is increased by accounting for the asset value.

4. The Ministry of Finance shall assume the prime responsibility for, and coordinate with the Ministry of Transport in stipulating the accounting regime and calculating the depreciation of inland waterway transport infrastructure assets.

What are regulations on maintenance of inland waterway transport infrastructure assets in Vietnam?

Pursuant to Article 8 of the Decree 45/2018/NĐ-CP stipulating maintenance of inland waterway transport infrastructure assets in Vietnam as follows:

1. Inland waterway traffic infrastructure assets must be maintained according to the provisions of this Decree and relevant laws, ensuring compliance with the order, process, plan and standards standards and norms in order to maintain the technical condition of the property, to ensure normal and safe operation when using and exploiting.

2. Forms of maintenance of inland waterway transport infrastructure assets:

a) Quality-Based Maintenance:

Performance-Based Maintenance is the performance of maintenance activities according to defined quality standards, for a period of time for a certain amount specified in the Economic Contract.

The agency assigned to manage the property is responsible for determining the maintenance price for each property under its management; submit to the competent authority for approval. The contracted price for maintenance of inland waterway transport infrastructure assets is determined according to the method of economic - technical norms of maintenance activities or the average cost method of maintenance activities for the previous 3 consecutive years plus slippage factor (if any) or a combination of the two methods above.

The Ministry of Transport shall prescribe criteria for supervision and acceptance of maintenance results of inland waterway transport infrastructure assets according to the quality of implementation.

b) Maintenance according to actual volume:

Actual volume maintenance is the performance of maintenance and is paid according to the actual volume of work performed.

c) Maintenance combined with salvage of products shall comply with the provisions of Article 10 of this Decree.

3. The Ministry of Transport and provincial-level People's Committees shall decide or decentralize authority to decide on the application of the maintenance form specified at Points a and b, Clause 2 of this Article for each maintenance activity of inland waterway transport infrastructure assets as prescribed in this Decree, the law on quality management and maintenance of construction works and specialized laws, ensuring savings, efficiency.

4. The selection of an organization performing the maintenance of inland waterway transport infrastructure assets in the forms specified in Clause 2 of this Article shall comply with the provisions of the law on bidding, the law on special inland waterway transport and related legislation.

For the maintenance of inland waterway transport infrastructure assets, for the cases specified at Points a, b and c, Clause 5 of this Article, the selection of organizations and individuals for asset maintenance shall comply with relevant regulations.

5. Funding for maintenance of inland waterway transport infrastructure assets shall be allocated from the state budget in accordance with the law on state budget and other funding sources as prescribed by law; except for the following cases:

a) Assets of inland waterway transport infrastructure with the state capital component included in the enterprise;

b) The inland waterway traffic infrastructure property during the lease of the exploitation right that the operator of the exploitation right performs maintenance under the signed contract;

c) Infrastructural assets of inland waterway transport during the transfer of exploitation rights for a definite period, which the transferee enterprise performs maintenance under the signed contract.

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