Reporting Regime on Investment Activities in Vietnam from January 01, 2021

Investment activity reporting regime in Vietnam - Illustrative image.

Under Clause 1 of Article 72 of the Investment Law 2020, which stipulates the policies for reporting investment activities in Vietnam, the specific contents include:

Subjects required to implement reporting policies include:

- Ministries, ministry-level agencies, provincial People's Committees;- Investment registration agencies;- Investors, economic organizations implementing investment projects as stipulated by this Law.

The periodic reporting regime is implemented as follows:

- Quarterly, annually, investors and economic organizations implementing investment projects report to the investment registration agency and statistical agency in the area regarding the implementation of the investment project, including the following contents: executed investment capital, investment business operation results, labor information, contributions to the state budget, investment in research and development, environmental handling and protection, specialized indicators according to the field of activity;- Quarterly, annually, the investment registration agency reports to the Ministry of Planning and Investment and the provincial People's Committee on the status of receipt, issuance, adjustment, and revocation of Investment Registration Certificates, and the operation of investment projects under its management scope;- Quarterly, annually, the provincial People's Committee compiles and reports to the Ministry of Planning and Investment on the investment situation in the area;- Quarterly, annually, ministries, and ministry-level agencies report on the issuance, adjustment, and revocation of Investment Registration Certificates or other equivalent legal documents within their management scope (if any) and report on investment activities related to the management scope of the sector, and send reports to the Ministry of Planning and Investment for consolidation and reporting to the Prime Minister of the Government of Vietnam;- Annually, the Ministry of Planning and Investment reports to the Prime Minister of the Government of Vietnam on the national investment situation and evaluates the implementation of investment reporting policies by the agencies stipulated in Clause 1 of this Article.

Additionally, Article 72 of the Investment Law 2020 also stipulates that agencies, investors, and economic organizations must report in writing and via the National Investment Information System.

Note: Agencies, investors, and economic organizations subject to reporting policies must submit extraordinary reports upon request by competent state agencies. For investment projects not subject to the issuance of an Investment Registration Certificate, investors must report to the investment registration agency before implementing the investment project.

For more details, see Investment Law 2020, effective January 1, 2021.

Le Vy

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