Not limited to the domestic market, an increasing number of Vietnamese enterprises are proactively expanding their business operations abroad to seek growth opportunities and enhance competitiveness. However, along with the right to invest comes legal obligations, among which the reporting regime for outbound investment activities is a mandatory requirement under current regulations.
Proper and complete compliance with reporting obligations not only helps investors effectively monitor their projects but also minimizes the risk of administrative penalties during operations. In this article, Siglaw Law Firm provides key information regarding the reporting regime for outbound investment activities in accordance with current legal regulations.
Outbound Investment and Reporting Obligations
Pursuant to Clause 13, Article 3 of the Law on Investment 2025, outbound investment is defined as the transfer of investment capital from Vietnam to another country, along with the use of profits generated from such capital to conduct business activities in that foreign country.
According to Clause 1, Article 35 of Decree No. 103/2026/ND-CP on outbound investment, after being granted the Certificate of Outward Investment Registration, investors must register with the licensing authority to obtain access credentials to the National Investment Information System in order to fulfill periodic reporting obligations as prescribed.
Under Clause 1, Article 48 of the Law on Investment 2025, entities required to comply with reporting obligations for outbound investment activities include:
- Regulatory authorities: The Ministry of Finance and equivalent agencies responsible for managing outbound investment activities, as well as state capital representative agencies in enterprises;
- Investors: Organizations and individuals implementing investment projects through capital transfer to foreign countries in accordance with legal regulations.
Reporting Regime for State Management Authorities
Pursuant to Clause 3, Article 93 of Decree No. 96/2026/ND-CP, state management authorities are required to submit quarterly reports as follows:
- Ministry of Finance: Must report on the issuance, amendment, and revocation of investment registration certificates or equivalent documents for insurance enterprises and securities companies before the 12th day of the first month of the following quarter;
- Ministry of Industry and Trade: Must report on the licensing, amendment, termination, and operational results of foreign investment projects in the oil and gas exploration and production sector in Vietnam before the 15th day of the first month of the following quarter;
- Ministry of Justice: Must report on the licensing, amendment, termination, and operational results of branches and law firms before the 15th day of the first month of the following quarter.
According to Clauses 2 and 5, Article 48 of the Law on Investment 2025, the Ministry of Finance and equivalent authorities are required to submit annual reports on outbound investment activities:
- Agencies other than the Ministry of Finance must report on the management of outbound investment activities based on their respective functions and duties and submit such reports to the Ministry of Finance for consolidation and reporting to the Prime Minister;
- The Ministry of Finance is responsible for consolidating and reporting the overall outbound investment situation to the Prime Minister.
Additionally, all ministries and sectors must submit ad hoc reports upon request by competent state authorities concerning state management or arising issues related to investment projects.
Reporting Regime for Investors
Pursuant to Clauses 3 and 5, Article 48 of the Law on Investment 2025; Clauses 1 and 2, Article 94 of Decree No. 96/2026/ND-CP; and Clause 2, Article 35 of Decree No. 103/2026/ND-CP, investors must comply with the following reporting obligations:
- After project approval or licensing: Within 60 days, investors must submit a written notification of the overseas investment activity, together with copies of the investment approval documents or proof of investment rights, to the Ministry of Finance, the State Bank of Vietnam, and Vietnamese representative agencies in the host country;
- At the time of tax finalization reports or equivalent documents: Within 06 months, investors must submit reports on project performance, including financial statements, tax finalization reports, and equivalent documents;
- Quarterly reporting: Within 03 months, economic organizations implementing investment projects must report on capital, net revenue, exports, imports, state budget contributions, land and water surface usage, etc., to the investment registration authority and the local statistical authority where the project is implemented;
- Semi-annual reporting: Before the 20th day of the month following the reporting period, investors must report on project performance to the Ministry of Finance, the State Bank of Vietnam, Vietnamese representative agencies in the host country, and competent state authorities;
- Annual reporting: Before February 15 of the following year, investors must report on the operational status of the investment project;
- Ad hoc reporting: In cases where competent state authorities require reports on arising issues related to investment projects.
Periodic Reporting Templates
According to Circular No. 03/2021/TT-BKHDT, periodic reports by ministries, sectors, and investors shall follow these templates:
- Form B.III.1: Quarterly report on the operation of overseas investment projects;
- Form B.III.2: Annual report on the operation of overseas investment projects;
- Form B.III.3: Report on outbound investment activities for the fiscal year;
- Form B.III.4: Annual report by relevant ministries and sectors.
Methods of Reporting
Pursuant to Clause 4, Article 48 of the Law on Investment 2025, to facilitate reporting, organizations and individuals may submit reports to competent authorities through the following methods:
- Submission of written reports with full signatures and official seals;
- Updating information via the National Investment Information System.
The above is a general overview provided by Siglaw Firm regarding the reporting regime for outbound investment activities in accordance with the Law on Investment 2025 and related legal documents.
For more detailed consultation, please contact Siglaw Firm via the following channels:
Head Office in Hanoi: No. 44/A32 – NV13, A Geleximco area, Le Trong Tan Street, Tay Mo Ward, Hanoi City.
Southern Branch: No. 103 – 105, Nguyen Dinh Chieu Street, Xuan Hoa Ward, Ho Chi Minh City.
Central Branch: VIFC DN – ICT Building, Software Park No. 2, Nhu Nguyet Street, Hai Chau Ward, Da Nang City.
Hotline: 0961 366 238
Email: vp@siglaw.com.vn
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