Principles for Calculating Production Costs of Commercial Rice

23:20, 10/07/2024

The Ministry of Finance issued Circular 77/2018/TT-BTC on August 17, 2018, specifically stipulating the principles for calculating the production costs of commercial rice.

Circular 77 stipulates that when calculating the production costs of commercial paddy, the following principles must be ensured:

- The production costs include the actual expenses incurred by the production household during a paddy production season. In the case of incurring costs (costs for paddy production and costs for the production of other crops), they must be reasonably allocated to each type of crop.- Reasonable production costs are the actual expenses incurred by the paddy production household in the process of production as stipulated.- Each item of production costs used to calculate the production cost of paddy must be analyzed and clearly determined in terms of quantity, value, time, and place of expenditure.

At the same time, Circular 77 also stipulates the units of calculation as follows:

- Calculate production costs according to each cost factor and convert to Vietnamese dong (VND) per hectare (dong/ha).- Calculate the production cost of paddy according to each specific item and express it in Vietnamese dong (VND) per kilogram of paddy (dong/kg).

View details Circular 77/2018/TT-BTC, effective from October 1, 2018.

-Thao Uyen-

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