What kinds of newspapers should FDI enterprises investing in Vietnam make? Types of investment sector reports for foreign-invested enterprises? Let’s find out this issues with LSX Law firm in the following article.
Legal grounds
Investment Law 2020
Decree 29/2021/ND-CP
Report on investment activities in Vietnam
The Investment Law stipulates that investors and economic organizations implementing investment projects shall report on investment activities in Vietnam quarterly and annually. Accordingly, investors and economic organizations implementing investment projects shall report to investment registration agencies and statistical offices in their localities on the implementation of investment projects, including the following contents: capital, implemented investment, business investment results, labor information, state budget payment, research and development investment, environmental treatment and protection, specialized targets by field, activity areas.
Reporting deadlines
For quarterly reports: made before the 10th of the first month of the quarter following the reporting quarter, including the following contents: realized investment capital, net revenue, export, import, labor, tax and bank payments books, land use situation, water surface.
For the annual report: 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 research scientific research and technology development, environmental treatment and protection, technology origin used.
Reports on investment supervision and evaluation
Article 100.8 Decree 29/2021/ND-CP stipulates that investors of FDI projects shall prepare and send to the investment registration agency and the focal agency to supervise and evaluate investment in the locality where the investment is carried out. Executing investment projects Periodic monitoring and evaluation reports: 6 months and whole year.
The time limit for investment monitoring; and evaluation reports is specified in Article 100.11 of Decree 29/2021/ND-CP as follows:
– For 6-month reports: Submit reports before July 10 of the reporting year.
– For the whole year report: Send the report before February 10 of the following year.
Report on the situation of goods purchase and sale activities and activities directly related to the purchase and sale of goods
Article 40.1.a Decree 09/2018/ND-CP stipulates that FDI enterprises are obliged to report, provide documents or explain issues related to goods trading and related activities. to directly buy and sell goods and operate retail establishments at the request of competent state management agencies.
Specifically, annually, before January 31, FDI enterprises are responsible for reporting on the situation of goods purchase and sale activities and activities directly related to the purchase and sale of goods according to the Form.
In addition to the above reports, FDI enterprises also need to make all kinds of reports applicable to all types of businesses in the fields of labor, accounting, etc.
See more: Procedures for changing investment capital of foreign-invested companies
What should foreign investors pay attention to about taxes in Vietnam?
Above is the content of various Types of investment sector reports for foreign-invested enterprises LSX sent to you. If you have any questions, please contact LSX Law firm: 0833102102.
Related questions
– For 6-month reports: Submit reports before July 10 of the reporting year.
– For the whole year report: Send the report before February 10 of the following year.
Firstly, be assured of capital and assets under their ownership;
Secondly, to transfer profits, principal, and interests of foreign loans, investment capital, money, and other assets under their lawful ownership to their home country; or another country;
Thirdly, to reach an agreement with the business cooperation party; the Vietnamese joint-venture party on choosing the form of arbitration; or court to settle disputes arising in the investment process;
Besides, enjoy the customs regime, entry, residence, and travel in Vietnam; accordingly the provisions of the competent state agencies of Vietnam
Conclusion: So the above is Types of investment sector reports for foreign-invested enterprises. Hopefully with this article can help you in life, please always follow and read our good articles on the website: lsxlawfirm.com
