16 Aug 2016
VIETNAM: Ad Hoc and Annual FDI Inspection Regime Introduced with Immediate effect
With immediate effect, all FDI projects in Vietnam will be subject to annual or ad hoc inspections by a number of official bodies, including the Ministry of Planning and Investment (MPI), ministerial level bodies, provincial people’s committees and investment registration agencies.
All such officially designated bodies will be permitted to inspect any documents relating to capital contribution, project progression, and financial capacity. Such bodies may also seek to verify payment of government fees and compliance with labour, foreign exchange and other industry-specific regulations.