Enterprises must report quarterly for overseas investments

Overseas Investment Department (under Ministry of Planning and Investment-MoPI) on late November 29 organized a seminar in HCM City to seek opinion on the draft Decree No 78 on direct investment in foreign countries.
Do Nhat Hoang, head of the Overseas Investment Department, said the new point in this draft is to require investors to report quarterly and annually about the operation situation of investment projects in foreign countries to MoPI and Ministry of Finance.

Biannually and annually, the Ministry of Foreign Affairs (Mofa) will have document to evaluate the support of the diplomatic missions abroad for the operation of Vietnamese enterprises in the countries and territories receiving investment of these firms.

Mofa must direct diplomatic missions abroad to regularly monitor and support the activities of Vietnamese enterprises and investors in the countries and territories receiving investment of Vietnamese enterprises.

Tags: VIetnam Overseas investment

Posted by VBN on Dec 3 2011. Filed under Enterprises, Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry