What are cases in which the original cost of inland waterway infrastructure assets in Vietnam is adjusted?

What are cases in which the original cost of inland waterway infrastructure assets in Vietnam is adjusted?​ (Image from the Internet)

On January 20, 2025, the Government of Vietnam promulgated Decree 12/2025/ND-CP regulating the management, use, and exploitation of inland waterway infrastructure assets.

What are cases in which the original cost of inland waterway infrastructure assets in Vietnam is adjusted?​

The original cost of inland waterway infrastructure assets is adjusted in the cases stipulated in Clause 4, Article 9 of Decree 12/2025/ND-CP, including:

- Reassessing the value of inland waterway infrastructure assets when conducting inventory as decided by the Prime Minister of Vietnam.

- Upgrading or expanding inland waterway infrastructure assets according to projects approved by competent authorities.

- Dismantling one or more components of inland waterway infrastructure assets (in cases where the value of the dismantled component is being accounted for within the original cost of the asset), except disassembly for replacement during maintenance.

- Installing additional components to inland waterway infrastructure assets, except installation for replacement during maintenance.

- Partially lost or severely damaged due to natural disasters, force majeure events, or other unexpected impacts (excluding cases where the assets are restored according to regulations on inland waterway maintenance or restored through insurance, compensation from related organizations or individuals).

Note:

- Inland waterway infrastructure assets consist of independent structures or systems comprising various interconnected individual components that perform one or several specified functions are accounting objects.

In cases where a system is assigned to multiple managing agencies, the accounting object is the portion of the asset allocated to each agency.

- The value of inland waterway infrastructure assets stipulated in Decree 12/2025/ND-CP is used for accounting records, declaration to register information into the Database on inland waterway infrastructure assets, and other purposes as prescribed by law.

- The accounting, management, and depreciation of inland waterway infrastructure assets are implemented according to the regulations of the Minister of Finance.

What are inland waterway infrastructure assets in Vietnam?

According to Article 3 of Decree 12/2025/ND-CP, inland waterway infrastructure assets are defined as follows:

- Inland waterway infrastructure assets are the inland waterway infrastructure as stipulated by law on inland waterway traffic, along with land and water areas (if any) associated with the inland waterway infrastructure.

- Inland waterway infrastructure assets related to national defense and security are determined as follows:

+ Inland waterway infrastructure assets related to national defense are defined according to the regulations on management, protection of national defense works, and military areas.

+ Inland waterway infrastructure assets related to national security are determined as per regulations on protecting critical projects related to national security.

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