WHAT IS REPORT ON SUPERVISION AND ASSESSMENT OF INVESTMENT PROJECT?

The report on supervision and assessment of investment activities is a required procedure for foreign-invested investment activities in Vietnam. The reporting is to serve the monitoring of the project implementation status. So, how is this reporting mode specified?

1.         Reporting entities

Entities of implementation of the report on investment supervision and assessment include investors and foreign-invested economic organizations.

Entities are required to make reports and send to the investment registration agency and the focal agency for supervision and assessment of investment in the locality where the investment project is implemented, including:

–           Periodic supervision and assessment reports: 6-month report and annual report;

–           Supervision and assessment reports prior to adjustment of the project;

–           Terminal report (if any).

2.         Time for reporting on supervision and assessment of investment implementation projects

Reporting on supervision and assessment of investment implementation projects shall comply with the following deadlines:

–           Periodic report every 6 months: to be performed before July 10.

–           Annual report: to be performed  before February 10 of the following year.

–           Report when adjusting the project: to be performed  before adjusting the project.

3.         Reporting method

Investors and foreign-invested economic organizations subject to periodic monitoring and evaluation reports shall make reports according to the form guided by competent authorities.

The report is made in writing and then through the National Information System on investment supervision and evaluation when the Ministry of Planning and Investment has completed the construction and put into operation the system.

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4.         Handling violations of reporting on supervision and assessment of investment implementation projects

Violations of report on supervision and assessment of investment may face a fine of up to VND 50 million with remedial measures:

–           Forcible addition of missing contents;

–           Forced to update the Investment Monitoring and Evaluation Report on the National Portal on Investment Monitoring and Evaluation;

–           Forced implementation of the regime of periodic report on supervision and assessment of investment as prescribed.