Under the Law on Investment and its Decree No. 84/2015/ND-CP dated 30 September 2015, investors and their subsidiaries must comply with various periodical reporting requirements on a monthly, quarterly and annual basis.
Relevant forms for the reports are provided in Circular No. 16/2015/TT-BKHDT and Circular 22/2015/TTBKHDT.
We note that failure to comply with the reporting requirements may be subject to a monetary penalty up to VND10,000,000. We have recently seen the authorities enforcing these requirements more strictly.
For more information, click PwC Legal Vietnam Newsbrief_Reporting requirements_EN.
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