Procedure for Registering and Submitting Investment Reports for FDI Enterprises

I. Legal Basis for Investment Activity Reporting Regime

• Investment Law 2020

• Decree No. 31/2021/ND-CP dated March 26, 2021 of the Government detailing and guiding the implementation of certain provisions of the Investment Law.

• Decree No. 122/2021/ND-CP dated December 28, 2021 of the Government regulating administrative fines for violations in the fields of planning and investment.

• Circular No. 03/2021/TT-BKHDT dated April 9, 2021 of the Ministry of Planning and Investment regulating forms of documents and reports related to investment activities in Vietnam, investment from Vietnam abroad, and investment promotion.

• Circular No. 05/2023/TT-BKHDT dated June 30, 2023 regulating the forms of investment monitoring and evaluation reports; the online reporting regime and the operation management of the information system for monitoring and evaluating investment programs and projects using state capital.

II. Investment Report Submission Process for FDI Enterprises

In the process of implementing an investment project under the Investment Registration Certificate (IRC), one of the obligations of investors/economic organizations is to report investment activities to the investment registration authority and statistical agencies in the locality regarding the project's performance on a quarterly and annual basis. Accordingly, the reporting will be conducted online on the National Investment Information System and submitted in writing directly.

1. For Monitoring Reports

Representatives of the economic organization executing the project should submit reports to the Department of Planning and Investment or the management boards of industrial parks/economic zones/export processing zones in the locality where the project is licensed, as follows:

• Semi-annual report: By July 10 of the reporting year.

• Annual report: By February 10 of the following year.

• Report before project adjustment.

The format of the monitoring and evaluation report can be referred to in Circular No. 05/2023/TT-BKHDT.

2. For Online Investment Reports

In this article, we guide the process of registering and creating an account for submitting online investment reports as follows:

• Step 1: Access the electronic information portal of the Ministry of Planning and Investment: https://fdi.gov.vn/_layouts/OGPortalLogin2010/LoginMPI.aspx

Then, click on “Here” to download the application form for requesting the project report account (as shown in the image below).

Step 2: Fill in all the required information on the form, then sign and seal it.

Step 3: Submit the form to the investment registration authority for the project at the Department of Planning and Investment or the management board of industrial parks/economic zones/export processing zones in the locality where the project is licensed. You can submit it directly or via mail (send by post).

Step 4: Wait for the result: The local authority will process the project’s report account, and the username along with the password will be sent to the email address you registered on the form.

After receiving the login credentials, the representative of the economic organization implementing the project will submit periodic reports through the National Investment Information System. The specific deadlines for investment report submission are:

(i) Quarterly reports: Submitted before the 10th of the first month of each quarter.

(ii) Annual reports: Submitted before March 31 of the following year.

In case the investor fails to submit or submits incomplete reports, they will be administratively fined up to 50,000,000 VND per report, depending on the specific circumstances. It is clear that fulfilling the investment reporting obligation is very important for investors when carrying out projects in Vietnam. If you need assistance from an experienced consulting firm in the field of investment, please contact us.