The investment supervision and evaluation report serves as a comprehensive overview that enables state management authorities to monitor the operational status of enterprises. Periodic reporting is therefore a very important procedure that enterprises must not “forget,” as any delay in submission will result in administrative sanctions.
Some key notes:
- The process of submitting the investment supervision and evaluation report must be conducted online via the FDI system and in hard copy. For online submission, an enterprise-specific registered account is required. Thereafter, reports must be submitted on a quarterly and annual basis (online), while hard copies are submitted biannually and annually. Typically, the accounting department is responsible for preparing and filing these reports.
- A Financial Statement (FS) is a prerequisite for preparing the investment supervision and evaluation report.
- The content of the report must include analysis and assessment of issues relating to legal compliance, taxation, accounting, finance, labor, and insurance. In particular, the financial statements should reflect: revenue, profit, short-term and long-term liabilities, progress of production and business activities, performance of investment objectives over different periods, capital contribution status, cumulative capital contribution, accumulated losses, etc. (These are key data required by state authorities on a quarterly/annual basis).
- Tax-related information must also be disclosed: compliance with tax obligations to the State Budget, personal income tax withheld and paid for employees, the level of employee qualifications, and compliance with social insurance contributions.
- For reference, see Circular No. 05/2023/TT-BKHĐT providing regulations on reporting templates for investment supervision and evaluation; online reporting regime; and operation of the information system for monitoring and evaluating programs and projects using state capital. Note:
- Form No. 13 – Periodic supervision and evaluation report during the investment implementation phase (biannual and annual);
- Form No. 17 – Periodic supervision and evaluation report during the operation phase (biannual and annual).
- Enterprises may be subject to an administrative fine of VND 20,000,000 to VND 30,000,000 for any of the following violations:
- Late submission or incomplete submission of the investment supervision and evaluation report;
- Failure to submit periodic investment supervision and evaluation reports as prescribed.
- Enterprises may be subject to a fine of VND 30,000,000 to VND 50,000,000 for any of the following violations:
- Failure to submit investment activity reports or submission of reports late;
- Submission of untruthful or inaccurate reports on investment activities.
In addition to administrative fines, depending on the nature of the violation, enterprises must also take remedial measures, including:
- Supplementing missing information in cases where the investment supervision and evaluation report was incomplete;
- Complying with the periodic reporting regime on investment supervision and evaluation as prescribed.
(Legal basis: Article 15, Decree No. 122/2021/ND-CP on administrative penalties in the field of planning and investment.)
