Enterprises in Vietnam must develop and publish a 5-year business and production plan

Enterprises in Vietnam must develop and publish a 5-year business and production plan (Illustrative Image)

The formulation and announcement of the 5-year production, business and investment development plan of enterprises in Vietnam are conducted according to the provisions in Article 7 of Circular 02/2015/TT-BKHDT as follows:

1. Process of Announcing the 5-year production, business and investment development plan of Enterprises in Vietnam:

- Enterprises must formulate and send their 5-year production, business and investment development plan to the agency executing state ownership rights for review and approval. Enterprises must announce their 5-year production, business and investment development plan no later than May 31 of the first year of the period for constructing the Business and Development Investment Plan, and simultaneously send this Plan to the Ministry of Planning and Investment within 5 working days after it is approved.

- The agency executing state ownership rights must announce the 5-year production, business and investment development plan of enterprises within 5 working days after the contents of the 5-year production, business and investment development plan of enterprises are approved.

- The Ministry of Planning and Investment must announce the 5-year production, business and investment development plan of enterprises on the Enterprise Information Portal of the Ministry of Planning and Investment (http://www.bussiness.gov.vn) within 5 working days from the date it is received from the enterprise.

2. Contents of Announcing the 5-year production, business and investment development plan of Enterprises in Vietnam:

Enterprises formulate the 5-year production, business and investment development plan according to Appendix 2 attached to this Circular. For plans and important content related to or affecting national security and secrets, business secrecy, enterprises must report to the agency executing state ownership rights to decide on the announcement to ensure that the confidential content is appropriate, avoiding the misuse of confidentiality provisions to limit the transparency and openness of the enterprise's development plan.

More details can be found in Circular 02/2015/TT-BKHDT, which comes into effect in Vietnam from June 22, 2015.

Thuy Tram

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