Part 1 — Investment activity reporting
Companies holding an investment project must file periodic reports on the National Investment Information System to the investment registration authority and the state investment administration. This obligation is separate from tax filings and financial statement submission, and is the compliance item most often overlooked by foreign-invested enterprises.
Risks of non-compliance
- Administrative penalties in the field of planning and investment
- Complications when amending the Investment Registration Certificate, transferring a project, or remitting profit abroad
Report types, reporting periods and filing deadlines are set out in the Law on Investment and its guiding documents and change over time. The deadline matrix for each company is built from the source legislation in force at the time of performance.
Our service
| Component | Description |
|---|---|
| Reporting obligation matrix | A per-project table of report type, reporting period, receiving authority and deadline |
| Automatic alerts | All deadlines are loaded into the compliance calendar on ASTC EMS, with alerts raised ahead of each due date |
| Preparation and filing | Collect data, prepare the report, obtain your approval and file on the National Investment Information System |
| Historical compliance review | Review past periods, identify missing filings and propose a remediation approach |
Part 2 — Agreed-Upon Procedures (AUP)
In an AUP engagement, ASTC performs procedures agreed in writing in advance between the company and ourselves, and reports the factual findings. An AUP engagement provides no assurance opinion — the users of the report draw their own conclusions from the findings.
The service is performed under Vietnamese Standard on Related Services 4400 (VSRS 4400).
Typical AUP subjects
- Payroll and personnel: accuracy of the payroll, deductions and compulsory insurance contributions
- Labour law compliance: labour contracts, working hours and personnel files
- Project costs: cost documentation testing as required by a donor or parent company
- Revenue and receivables: sample testing against criteria the company sets
A four-stage process with Quality Gates
| Stage | Content | Quality gate |
|---|---|---|
| 1. Scope agreement | Agree in writing the list of procedures, the sampling criteria and the report format | Engagement manager approves the scope before work starts |
| 2. Data collection | Receive the input data and test it for completeness | Confirmation that the data supports the agreed procedures |
| 3. Performing procedures | Perform exactly the agreed procedures and document the working papers | Four-eyes review of all findings |
| 4. Reporting | Issue the Report of Factual Findings, bilingual where required | Signed off by the responsible partner |
Scope limitation: an AUP report presents factual findings only from the agreed procedures. It is not an audit report, expresses no opinion on the financial statements or on overall compliance, and is intended solely for the parties that agreed the scope of procedures.
