KPMG's Legal Alert: Investment Report
May 2022
According to Decree No. 31/2021/ND-CP dated 26 March 2021 guiding the Law on Investment 2020 and Decree No. 29/2021/ND-CP dated 26 March 2021 guiding the supervision of investment activities, foreign invested enterprises (“FIEs”) are required to submit certain investment reports to the relevant investment registration authorities on a periodic basis. From our observation of the recent investment licensing practice, following the instructions of the Ministry of Planning and Investment, the investment registration authorities are now tightening the FIEs’ compliance of investment reports. Accordingly, failure to comply with this reporting requirement may result in many legal consequences for the FIEs as highlighted in our Legal Alert.
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