Enterprises, in which foreign investors' capital accounts for 10% or more of charter capital, and projects, in which foreign investors' capital accounts for 10% or more of investment capital, must perform basic statistical reporting (hereinafter collectively referred to as “enterprises”).
Within one year, there must be 2 basic statistical reports made by enterprises, including a biannual report on employment and income of employees and an annual report. As for monthly and quarterly reports, PLF would like to have you noted that such reports only apply to enterprises operating in certain business sectors. Depending on each type of report, the recipient can either be the Bureau of Statistics or the Department of Planning and Investment; Management Board of Industrial zones, Export processing zones, Economic zones, and High-tech parks within the locality; or both. Enterprises may submit their statistical reports under the 2 forms of written documents or report data files (sent as electronic mail attachment).
Furthermore, it is also essential to use the correct report form in accordance with the regulations of competent authorities. Enterprises will be fined with 1 million to 3 million VND if using the incorrect report form.
In case of unpunctual submission of reports, warnings or financial penalties of 1 million to 10 million VND shall be imposed on enterprises depending on the number of days that are behind on submission as prescribed by law. In case of failed submission, enterprises will face fines ranging from 10 million to 20 million VND.
