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

Enterprises Must Formulate and Announce a 5-Year Business and Development Plan (Illustrative Image)

The formulation and announcement of the 5-year Business and Development Investment Plan of enterprises are conducted according to the provisions in Article 7 of Circular 02/2015/TT-BKHDT as follows:

1. Process of Announcing the 5-Year Business and Development Investment Plan of Enterprises:

- Enterprises must formulate and send their 5-Year Business and Development Investment Plan to the agency executing state ownership rights for review and approval. Enterprises must announce their 5-Year Business and Development Investment 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 Business and Development Investment Plan of enterprises within 5 working days after the contents of the 5-Year Business and Development Investment Plan of enterprises are approved.

- The Ministry of Planning and Investment must announce the 5-Year Business and Development Investment 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 Business and Development Investment Plan of Enterprises:

Enterprises formulate the 5-Year Business and Development Investment 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, effective from June 22, 2015.

Thuy Tram

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