Foreign-invested enterprises (FDI enterprises) in Vietnam are required to comply with regulations on periodic reporting. Specifically, these requirements aim to ensure transparency, uphold legal compliance, and support the state’s management of investment activities. Therefore, to better understand these obligations, let’s explore the detailed guidance provided by DNP Viet Nam Law Firm in the article below.
1. What is an FDI Enterprise Report?
Firstly, the Foreign Direct Investment (FDI) Report is a document prepared by enterprises with foreign investment capital in order to provide information on their operations, investment capital flows, and business performance in accordance with legal regulations.
Moreover, the purpose of the FDI report is to provide data to state management agencies about the enterprise’s operations, capital flows, and business efficiency. This, in turn, serves the purposes of management, statistical analysis, policy making, and ensuring legal compliance.
Specifically, types of FDI enterprise reports that must be submitted include: Investment monitoring and evaluation reports; Reports on FDI business operations; Reports on goods trading activities; Financial statements; and Labor usage reports.
2. Periodic Investment Monitoring and Evaluation Reports (Semi-Annual and Annual)
According to Point a, Clause 11, Article 100 of Decree No. 29/2021/NĐ-CP:
- Semi-annual report: Submit before July 10, 2025
- Annual report: Submit before February 10, 2026
- Pre-adjustment report: Submit before submitting project adjustment documents
Submission methods:
- Submit directly to the investment registration authority or the local investment monitoring authority
- Submit online via the Provincial Department of Finance’s public service portal
Penalties for violations: A fine of VND 20–30 million for:
- Late submission or incomplete content
- Failure to submit periodic investment monitoring and evaluation reports
3. Report on Investment Activities
Under Article 72 of the 2020 Law on Investment, FDI enterprises must submit quarterly and annual reports on the implementation of their investment projects to the investment registration authority and local statistics office.
According to Article 102 of Decree No. 31/2021/NĐ-CP:
- Quarterly report: Submit before the 10th day of the first month of the following quarter (e.g., Q2 report must be submitted before July 10, 2025)
- Annual report: Submit before March 31 of the following year
Submission method:
- Submit online via the National Investment Information System (see: https://fdi.gov.vn/pages/trangchu.aspx)
- Enterprises must register an account with the investment registration authority before submission
Penalties for violations (Article 15, Decree No. 122/2021/NĐ-CP):
A fine of VND 30–50 million for:
- Failure to submit or late submission of FDI investment reports
- False or inaccurate information
4. Report on Goods Trading Activities
According to Clause 1, Article 40 of Decree No. 09/2018/NĐ-CP, FDI enterprises must report their goods trading and related activities before January 31 each year.
Submission methods:
- Submit directly to the Department of Industry and Trade where the business license was issued
- Submit by post to the management authority
- Submit online according to the guidance of each locality
Penalties for violations (Article 70, Decree No. 98/2020/NĐ-CP):
- Fine of VND 10–20 million for failure to report
- Revocation of business license if no report is submitted for 24 consecutive months or failure to provide documents within 3 months of being requested (Decree No. 09/2018/NĐ-CP)
5. Financial Statements
According to Point a, Clause 2, Article 109 of Circular No. 200/2014/TT-BTC:
- Partnerships: Submit within 30 days from the end of the fiscal year
- Joint-stock companies and LLCs: Submit within 90 days from the end of the fiscal year (latest by March 31, 2025 for the 2024 fiscal year)
Submission methods:
- Submit physical copies directly to the tax authority
- Submit online via the electronic tax system: http://thuedientu.gdt.gov.vn
Penalties for violations (Decree No. 41/2018/NĐ-CP):
- Late submission within 3 months: VND 5–10 million
- Late submission over 3 months or no audit report: VND 10–20 million
- False information in the report: VND 20–30 million
- Failure to submit or publicize the report: VND 40–50 million
6. Report on Labor Usage
According to Clause 2, Article 4 of Decree No. 145/2020/NĐ-CP:
- Semi-annual report: Submit before June 5
- Annual report: Submit before December 5
Submission methods:
- Submit online via the National Public Service Portal: https://dichvucong.gov.vn
- If online submission is not possible, submit paper copies directly to: Department of Labor, Invalids and Social Affairs; District-level Social Insurance Agency; High-tech Park Management Board (for businesses in hi-tech parks)
Penalties for violations (Decree No. 12/2022/NĐ-CP): Fine of VND 10–20 million for failing to report changes in labor according to regulations
7. Investment Reporting and Legal Advisory Services for FDI Enterprises
Preparing FDI reports in accordance with regulations not only ensures that enterprises meet their legal obligations but also helps avoid administrative penalties. However, many enterprises face challenges in collecting data, drafting reports, and meeting deadlines.
To assist enterprises in overcoming these obstacles, DNP offers comprehensive investment advisory services, including:
- Support in applying for Investment Registration Certificates and related licenses
- Assistance with legal procedures related to foreign investment activities in Vietnam
- Investment structuring consultancy, including sector and location selection
- Support in preparing monitoring reports, financial statements, and FDI activity reports as required
- Assistance with procedures such as applying for residence cards and work permits for investors and foreign employees
With a team of experienced legal professionals, DNP Viet Nam Law Firm is therefore committed to being a trusted companion for businesses throughout every stage of their investment journey in Vietnam. From the initial steps of market entry and business setup to ongoing operations and regulatory compliance, we provide comprehensive legal support tailored to each client’s specific needs. In doing so, we help enterprises not only meet their legal obligations but also enhance operational efficiency, minimize risks, and unlock long-term value in a dynamic and competitive business environment.
DNP VIET NAM LAW FIRM
Contact:
🏢 Address: 5th Floor, 52 Nguyen Thi Nhung Street, Van Phuc Estate, Hiep Binh Phuoc Ward, Thu Duc City, Ho Chi Minh City, Viet Nam.
📩 Email: info@dnp-law.com.
📞 Hotline: 0987 290 273 (Đinh Văn Tuấn Lawyer).
Website: https://www.dnp-law.com/
