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Vietnam – New Quarterly Reporting Regime Increases Compliance Demands for FIEs
Vietnam has introduced a new quarterly reporting obligation for foreign-invested enterprises (FIEs) under Decree 96/2026/ND-CP, strengthening ongoing supervision of investment activity.
The requirement, effective from the 31st of March 2026, adds to existing semi-annual and annual reporting obligations and reflects a broader shift toward more frequent regulatory oversight.
Regulatory Background
The new framework requires FIEs to submit quarterly supervision and assessment reports in respect of their investment projects. Reports must be filed no later than the 10th day following the end of each quarter, creating a significantly shorter reporting window compared to existing requirements.
This development forms part of a wider regulatory effort to monitor foreign investment activity on a more continuous basis, rather than relying solely on periodic reporting. While further guidance is expected from the Ministry of Finance on the detailed scope and application, the filing obligation is already in effect.
Applicability and Scope
The requirements apply to all foreign-invested enterprises (FIEs) with registered investment projects in Vietnam.
Effective Date
The quarterly reporting obligation has been in force since the 31st of March 2026.
Reporting Timeline
FIEs are required to submit reports in line with the following schedule:
| Reporting periods | Due dates |
|---|---|
| Quarterly reports | Due by the 10th day following each quarter end (e.g. Q2 reports due by 10 July) |
| Semi-annual reports | Due by 10 July |
| Annual reports | Due by 10 February |
Submission Process
In practice, reports are submitted to the Department of Finance (DOF) in the province or city where the investment project is located. In certain jurisdictions, including Ho Chi Minh City, filings may be completed through an online portal.
The Ministry of Finance is also in the process of implementing a centralized national reporting platform. Further guidance on this system is expected, and may introduce a standardized electronic submission process across all provinces.
Practical Considerations and Ongoing Obligations
Given the short reporting deadlines and evolving guidance, companies should take a proactive approach to compliance. Key considerations include:
- Establishing internal processes to capture required data on a quarterly basis
- Coordinating early with relevant stakeholders to meet accelerated timelines
- Monitoring regulatory updates as additional guidance is issued
Risks of Non-Compliance
Failure to submit a supervision and assessment report may subject an FIE to a monetary fine ranging from:
- VND 20 million (approximately US$760)
- to VND 30 million (approximately US$1,140)
How Mercator® by Citco (Mercator) Can Help
Mercator can assist with:
- Preparation and timely submission of quarterly, semi-annual, and annual reports
- Supporting compliance processes in line with evolving requirements
- Advising on upcoming regulatory developments and reporting expectations
For assistance, please contact mercator@citco.com
