Updated at 06/02/2024 - 10:36 pm
Regulations and instructions for implementing online investment reports in Vietnam.
The reporting process summarizes the annual monitoring and evaluation of investment programs and projects.
INVESTMENT REPORT #
What is an online investment report? #
Online investment reporting is a form of implementing the investment reporting regime in Vietnam, within state management of investment.
Economic organizations implementing investment projects submit reports online through the National Investment Information System.
The official national investment information system for submitting investment reports currently has the domain name https://fdi.gov.vn.
Instructions for making online investment reports #
i) Subjects submitting investment reports online
Subjects submitting online investment reports are economic organizations implementing investment projects.
Thus, only economic organizations with investment projects (with Investment Registration Certificates) can submit this report. Foreign-invested companies that only have a Business Registration Certificate (indirectly established) do not need to submit an online investment report.
ii) Report content and reporting period of the economic organization implementing the investment project
Economic organizations implementing investment projects report to the investment registration agency and the local state management agency for statistics.
Quarterly reports are made before the 10th day of the first month of the quarter following the reporting quarter, including the following contents: Realized investment capital, net revenue, exports, imports, labor, taxes and budget payments, land and water surface use situation. (Form A.III.1)
Annual reports are made before March 31 of the following year of the reporting year, including indicators of quarterly reports and indicators on profits, employee income, expenditures and investments in scientific research. Technology learning and development, environmental treatment and protection, origin of technology used (Form A.III.3)
Handling violations in reporting online investment activities #
Violations of information and reporting regime on investment activities in Vietnam:
- Failure to report investment activities or not reporting on time as prescribed:
- Fine from 30.000.000 VND to 50.000.000 VND;
- Remedial measures: Force the implementation of investment activity reporting regime in case the reporting regime is not implemented.
- Untruthful and inaccurate reporting on investment activities.
- A fine ranging from VND 30.000.000 to VND 50.000.000.
Legal basis for investment reports #
Currently, the implementation of monitoring reporting activities is applied according to:
- Investment Law 61/2020/QH14 of the National Assembly effective from January 01, 01;
- Decree No. 31 / 2021 / ND-CP of the Government effective from March 26, 03;
- Decree No. 122 / 2021 / ND-CP of the Government effective from January 01, 01.
- Circular 03/2021/TT-BKHDT of the Ministry of Planning and Investment effective from April 09, 04;
INVESTMENT SUPERVISION REPORT #
What is a monitoring report? #
Supervision report is a written report summarizing activities of monitoring, inspecting and evaluating investment projects on a planned or unscheduled basis.
According to Vietnamese law, in cases where economic organizations implementing projects using other capital sources are responsible for monitoring, inspecting and supervising investment projects, specifically:
- Organize project monitoring and evaluation according to regulations;
- Establish an internal information system, collect and store complete information, data, records, documents, books, project documents, and contractor reports related to implementation management project;
- Promptly report to management agencies to handle problems that arise beyond their authority;
- Prepare project monitoring and evaluation reports according to regulations;
- Fully, promptly and accurately update reporting information into the investment monitoring and evaluation information system according to regulations;
- Be responsible for the content of the report and be responsible according to the provisions of law for reporting or providing inaccurate information about the investment implementation situation within the scope of management.
Instructions for implementing monitoring reports #
i) Organize the implementation of investment monitoring and evaluation reports
During project implementation, Investors and Economic Organizations organize themselves to monitor and inspect investment projects and report the following contents:
- Project implementation progress and progress in achieving project goals.
- Progress of investment capital contribution, charter capital, legal capital contribution (for investment and business sectors that require legal capital).
- Project exploitation and operation situation: Results of business investment activities, information on labor, payment to the state budget, investment in research and development, financial situation of the enterprise and indicators Specialized criteria according to field of activity.
- Implementation of requirements on environmental protection, land use, and mineral resource use according to regulations.
- Implementation of regulations in the decision or approval document for investment policy and Investment Registration Certificate (if any).
- Meeting business investment conditions for projects in conditional business investment sectors and trades.
- Status of implementation of investment incentives (if any).
ii) Prepare and submit investment project monitoring and evaluation reports
Investors in projects using other capital sources prepare and send various reports to the investment registration agency and the focal agency in charge of investment supervision and evaluation of the locality where the investment project is implemented. after:
- Periodic monitoring and evaluation reports: 6 months and yearly.
- Execution time:
- Submit 6-month reports: before July 10 of the reporting year;
- Submit annual report: before February 10 of the following year;
- Implementation form: Form No. 13 and Form No. 17
- Execution time:
- Monitoring and evaluation report before adjusting the project:
- Implementation time: Submit report before submitting project program adjustment;
- Implementation form: Form No. 15
- Final assessment report (if any);
Handling violations in investment monitoring and evaluation reports #
Violations of information and reporting regime on investment activities in Vietnam:
- Prepare investment monitoring and evaluation reports that are not on time or have incomplete content as prescribed:
- Fine from 20.000.000 VND to 30.000.000 VND;
- Remedial measures: Force the addition of missing content in case the investment monitoring and evaluation report has incomplete content:
- Failure to implement periodic investment monitoring and evaluation reports as prescribed.
- Fine from 20.000.000 VND to 30.000.000 VND;
- Remedial measures: Force the implementation of periodic investment monitoring and evaluation reports;
Legal basis for monitoring reports #
Currently, the implementation of monitoring reporting activities is applied according to:
- Decree No. 29 / 2021 / ND-CP of the Government effective from March 26, 03;
- Decree No. 122 / 2021 / ND-CP of the Government effective from March 01, 01;
- Circular 05/2023/TT-BKHDT of the Ministry of Planning and Investment effective from April 01, 9;
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