Tiếng Việt
According to the provisions of the Investment Law 2020 and its guiding documents, quarterly and annually, investors and organizations implementing investment projects shall report to the investment registration agency and the statistical office in the locality on the implementation of investment projects, by submitting online reports through the National Investment Information System.
The quarterly report is made before the 10th 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 use situation.
The annual report is made before March 31 of the following year of the reporting year, including the targets of the quarterly report and the targets of profit, income of employees, expenditures and investments for scientific research and technology development, environmental treatment and protection, source of technology used.
The above provisions apply to foreign investors and economic organizations implementing investment projects. The report shall be made according to the form A.III.1, A.III.2, A.III.3, A.III.4 is promulgated in Circular 03/2021/TT-BKHĐT. Except for the case that the investment project is not subject to the issuance of an investment registration certificate, according to which foreign investors and economic organizations only need to carry out the procedure of reporting to the investment registration agency before implementing the investment projects, reports are made according to the form A.I.20 promulgated with Circular 03/2021/TT-BKHĐT.
Failure to report to a state agency according to regulations may result in a fine ranging from VND 1,000,000 to VND 10,000,000, and this may be the cause of obstacles for the following investment project adjustment procedures.
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Note: This article is for informational purposes only and it is not a legal advice. The content of the article represents its own of TTVN Legal, it subject to change without prior notice.