One of the procedures foreign investors shall comply with when investing in Vietnam is reporting investment activities. This procedure help administrative agencies supervise project execution as well as collect necessary statistics for administrative demand and law amendment.
Viet An Law collects and provides our Clients some regulations on reports on investment activities in Vietnam as follows:
Periodic report: Monthly, quarterly, annually. Besides that, when competent agencies require, investors shall make unscheduled report.
Contents of report:
Investment capital for project execution: In case the capital is used in the month, investors shall report within 12 days from the end of that month.
Before the 12th day of the first month after the reported quarter, investors shall report on: executed investment capital, net revenue, import, export, labor, tax and amounts paid to state budget, use of land and water surface.
Before March 31st of the next year after the reported year, investors shall report on quarterly report contents and profit, workers’ incomes, expenditures for research and development, environment protection and origin of technology used.
Standard forms used for report procedure is provided in Circular No. 16/2015/TT-BKHĐT providing regulations on application forms for investment procedures and reporting forms on investment in Vietnam.
In accordance with Decree No. 50/2016/NĐ-CP regulating on penalties for administrative violation against regulations on planning and investment, any violation such as “failure to submit reports on investment activities, investment project supervision and/or assessment” or “submitting an untruthful report on investment activities” shall be fined from 5.000.000 VND to 10.000.000 VND.
Legal consultancy services on enterprises and investment at Viet An Law Firm:
If you are looking for legal advice about legal issues related to enterprises and investment in Vietnam, please feel free to contact Viet An Law firm for more information!
#3rd Floor, 125 Hoang Ngan, Hoang Ngan Plaza, Trung Hoa, Cau Giay, Hanoi, Vietnam