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FIE financial statements to be reviewed

Released at: 10:02, 25/06/2015

FIE financial statements to be reviewed

MoF asks cities and provinces to review financials to support efforts in managing and supervising FDI.

by Tue Lam

Deputy Minister of Finance Tran Van Hieu has signed an official letter to city and provincial people’s committees around the country on reviewing the financial statements of foreign-invested enterprises (FIEs).

The task will be performed in cooperation with local tax departments and aims at implementing management, supervision and efficiency improvements in foreign direct investment (FDI).

Departments of Finance are responsible for completing an overall local report for submission to the Ministry of Finance (MoF) before August 30.

MoF has asked that information be provided on total exports and imports in 2014 (excluding crude oil) and the total number of employees working at FIEs in each city or province as at December 31, 2014.

To complete a comprehensive review of information on the operational situation and contributions of FIEs to cities and province, MoF also asked local Departments of Finance to cooperate with relevant agencies on supplemental information in each report before submission to the MoF.

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