Ho Chi Minh City, 6 January 2026
For many foreign-owned companies (FOCs), periodic reporting is often treated as an administrative formality-done only when deadlines loom or authorities request clarification. However, our recent client work shows these reports are far more critical. Late or inaccurate submissions can lead to penalties, delay license amendments, or complicate future licensing.
Through our new Weekly Debrief series on mandatory periodic reports, we aim to help FOCs stay ahead of these obligations. In this first issue, we spotlight two essential reports for any FOC with an Investment Registration Certificate (IRC):
- Report on the implementation status of the investment project
- Investment supervision and evaluation report
These reports are closely linked and frequently reviewed during IRC amendments or inspections. To support compliance teams, we have summarized key requirements in a structured table, including submission format, reporting cycle, content, and consequences for non-compliance. In detail:
| Report’s name | Form of submission | Reporting cycle | Main contents of the report | Potential consequences for non-compliance |
|---|---|---|---|---|
| Report on the implementation status of the investment project (In Vietnamese: Báo cáo tình hình thực hiện dự án đầu tư) |
Online Reports: Enter data into the National Investment Information System. | Quarterly Report | Contents: ✓ Investment capital contribution status; ✓ Net revenue; ✓ Export and import activities; ✓ Labour figures; ✓ Taxes and other budget contributions; and ✓ Usage of land and water resources.Submission place: National Investment Information System Deadline: Legal basis: |
Failure to submit report or late submission: Fines up to VND 50,000,000 [1]. Moreover, FOC is required to fully submit these reports.Providing untruthful or inaccurate reports: Fines up to VND 50,000,000 [2]. |
| Annual Report | Contents: Includes all quarterly report indicators along with additional details on: ✓ Profits after tax; ✓ Employee earnings; ✓ Investment, research, and development expenses; ✓ Environmental treatment and protection expenses; and ✓ The origin of the technology utilized.Submission place: National Investment Information System Deadline: Legal basis: |
Ditto | ||
| Investment supervision and evaluation report (In Vietnamese: Báo cáo giám sát, đánh giá đầu tư) |
Online reports: Enter data into a website and upload scanned reports; or
Submit hard copies |
Semi-annual, and Annual reports |
Contents: As per Form 13 and Form 17 of Circular 05/2023/TT-BKHDTSubmission place: ✓ Department of Finance of Hanoi City ✓ Department of Finance of Ho Chi Minh City ✓ Other provinces: Submit hard copies Deadline: Legal basis: |
Failure to submit report: Fines up to VND 30,000,000 [3]. Moreover, the Company is required to fully submit these reports.Late submission or incomplete content: Fines up to VND 30,000,000 [4]. Moreover, the Company is required to fully submit these reports. |
Kindly note that, the enterprise must submit both following reports with the same reporting content is required under the two types of reports presented above when submitting an IRC amendment dossier: (i) the Report on the implementation status of the investment project until the time of amendment (Form A.I.12 of Circular 03/2021/TT-BKHDT), and (ii) the Investment Supervision and Evaluation Report prior to the amendment of the investment project (Form 15 of Circular 05/2023/TT-BKHDT).
In the coming weeks, our Weekly Debrief series will continue with other key reporting obligations, including:
- Week 2: Reports related to business activities such as wholesale/retail operations and foreign loan reporting;
- Week 3: Labor-related reporting obligations;
- Week 4: Reporting obligations on statistics, and finance.
These articles aim to help enterprises stay compliant, reduce risks, and handle their periodic legal obligations more effectively. Stay tuned for the upcoming articles as we continue to break down key reporting requirements in a practical.
—
[1] Articles 4.2, 15.2(a), 15.3(c) of Decree No. 122/2021/ND-CP dated 28 December 2021 (“Decree 122”).
[2] Articles 4.2, 15.2(b) of Decree 122.
[3] Articles 4.2, 15.1(b), 15.3(b) of Decree 122.
[4] Articles 4.2, 15.1(a), 15.3(a) of Decree 122.
