Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
 Issue 2 - Apr/May/Jun 2022
 

Tightened Supervision Over Foreign Investments Under Circular 02/2022/TT-BKHDHT

On 1 April 2022, Circular 02/2022/TT-BKHDHT (guiding the supervision and assessment of foreign investments) came into force.


In this circular, the Ministry of Planning and Investment directs investment authorities to tightly monitor foreign-funded projects and investments of foreign-invested entities. This includes periodically inspecting, among others, the progress of capital contribution, progress of project implementation, and the financial position of foreign-invested enterprises.


In practice, this has seen a significant, increased scrutiny of the performance of investment projects by investors. For example, investment authorities have now taken to closely monitoring and expecting investors to comply with their periodic reporting obligations.



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

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