Useful life of intangible fixed assets at units under the Ministry of Education and Training in Vietnam

10:36, 11/01/2023

Decision 4627/QĐ-BGDDT dated December 29, 2022 issued by the Ministry of Education and Training.

Useful life of intangible fixed assets at units under the Ministry of Education and Training in Vietnam (Internet image)

The Ministry of Education and Training issued Decision 4627/QD-BGDDT dated December 29, 2022, regulating the list, useful life, and depreciation rate of intangible fixed assets at units under and under the Ministry of Education and training.

The useful life of intangible fixed assets at units under the Ministry of Education and Training is regulated as follows:

The useful life of of intangible fixed assets at units under the Ministry in Vietnam

The period of use of intangible fixed assets at units under the Ministry of Education and Training shall comply with the Regulations issued together with Decision 4627/QD-BGDDT, specifically as follows:

No	Category	Useful life (year)
(1)	(2)	(3)
Type 1	Copyright and rights related to copyright
1	Literary, artistic, scientific works, textbooks	25
2	Computer Programs	5
3	Collection data	25
4	Other copyrights	25
5	Learning materials and teaching data	5
6	Electronic news articles	4
Type 2	Industrial property rights
1	Patents and inventions	25
2	Useful solution	25
Type 3	Rights to plant varieties
	Rights to plant varieties	25
Type 4	Application software - Software products
1	Specialized software for Education and training
1.1	Teaching software	5
1.2	Training management software	5
1.3	School management software	5
1.4	Software for sharing teaching and learning resources	5
1.5	Library software	5
1.6	Foreign language software	5
1.7	Computer-based training software	5
1.8	Multimedia educational software	5
1.9	Other software for education and training	5
2	Other software	5
Type 5	Other intangible fixed assets	5
	…

Note: List of Application Software - Software Products (Type 4) mentioned above is based on Circular 20/2021/TT-BTTTT.

Decision 4627/QD-BGDDT takes effect from the date of signing.

2. Standards for identification of intangible fixed assets in Vietnam

An intangible fixed asset is an asset that does not have a physical form and its formation is invested by an agency, organization, unit or enterprise or through an operation process. Also, it must satisfy both requirements:

- The useful life is 01 (one) year or more.

- The cost is 10.000.000 VND (ten million VND) or higher.

(Clause 2 of Article 3 of Circular 45/2018/TT-BTC)

Thanh Rin

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