{"id":9501,"date":"2025-03-22T15:27:49","date_gmt":"2025-03-22T08:27:49","guid":{"rendered":"https:\/\/elpislaw.vn\/?p=9501"},"modified":"2025-03-22T15:27:49","modified_gmt":"2025-03-22T08:27:49","slug":"extending-the-capital-contribution-deadline-for-fdi-companies-in-vietnam","status":"publish","type":"post","link":"http:\/\/elpislaw.vn\/en\/extending-the-capital-contribution-deadline-for-fdi-companies-in-vietnam\/","title":{"rendered":"Extending the Capital Contribution Deadline for FDI Companies in Vietnam"},"content":{"rendered":"<p class=\"\" data-start=\"0\" data-end=\"345\">Lawyer, I would like to ask about the case where an FDI company has exceeded the capital contribution deadline but has not yet contributed. Can the company now apply for an extension of the capital contribution period? Is there a possibility of being required to terminate the investment project? I hope to receive your advice.<\/p>\n<p class=\"\" data-start=\"347\" data-end=\"490\"><strong data-start=\"347\" data-end=\"358\">Answer:<\/strong><br data-start=\"358\" data-end=\"361\" \/>Thank you for trusting and sending your question to Lu\u1eadt K\u1ef3 V\u1ecdng Vi\u1ec7t. Regarding your question, the lawyer responds as follows:<\/p>\n<p class=\"\" data-start=\"492\" data-end=\"878\">The <strong data-start=\"496\" data-end=\"522\">Law on Investment 2020<\/strong> does not specifically provide for allowing FDI companies to extend the capital contribution period once the deadline stated in the <strong data-start=\"654\" data-end=\"699\">Investment Registration Certificate (IRC)<\/strong> has expired. Therefore, when the deadline recorded in the IRC has passed and the investor has not yet contributed the full capital, one of the following consequences may occur:<\/p>\n<h3 class=\"\" data-start=\"880\" data-end=\"942\">1. Administrative Penalties and Mandatory IRC Adjustment<\/h3>\n<p class=\"\" data-start=\"943\" data-end=\"1378\">If the investment deadline stated in the IRC has expired but the investor has not yet contributed funds to the project, this is considered a violation of the <strong data-start=\"1101\" data-end=\"1184\">&#8220;failure to comply with the content of the Investment Registration Certificate&#8221;<\/strong>. As a result, the investor will be subject to administrative penalties under <strong data-start=\"1262\" data-end=\"1311\">Clause 2, Article 19 of Decree 122\/2021\/ND-CP<\/strong>, with a fine ranging from <strong data-start=\"1338\" data-end=\"1375\">VND 70 million to VND 100 million<\/strong>.<\/p>\n<p class=\"\" data-start=\"1380\" data-end=\"1812\">After paying the fine as required, the investor must submit a set of documents to <strong data-start=\"1462\" data-end=\"1504\">adjust the capital contribution period<\/strong> recorded in the IRC and complete the capital contribution as newly registered. However, if the investor fails to contribute even after adjusting the deadline, the project may be subject to termination (<strong data-start=\"1707\" data-end=\"1808\">based on Point d, Clause 2, Article 47 and Point a, Clause 2, Article 48 of the Law on Investment<\/strong>).<\/p>\n<p class=\"\" data-start=\"1814\" data-end=\"2101\">It should be noted that <strong data-start=\"1838\" data-end=\"1932\">not all localities allow investors to pay fines and extend the capital contribution period<\/strong>. Therefore, if an investor needs to complete this procedure, they should <strong data-start=\"2006\" data-end=\"2030\">check local policies<\/strong> and review whether the business has complied with legal regulations.<\/p>\n<h3 class=\"\" data-start=\"2103\" data-end=\"2156\">2. Forced Termination of the Investment Project<\/h3>\n<p class=\"\" data-start=\"2157\" data-end=\"2538\">As mentioned above, the <strong data-start=\"2181\" data-end=\"2202\">Law on Investment<\/strong> does not include provisions for extending the capital contribution period for FDI companies. Therefore, <strong data-start=\"2307\" data-end=\"2382\">if the deadline has passed and the investor has not contributed capital<\/strong>, the investment registration authority may request the <strong data-start=\"2438\" data-end=\"2468\">termination of the project<\/strong> due to non-compliance with the Investment Registration Certificate.<\/p>\n<p class=\"\" data-start=\"2540\" data-end=\"2808\">In practice, <strong data-start=\"2553\" data-end=\"2582\">some provinces and cities<\/strong> in Vietnam have already applied <strong data-start=\"2615\" data-end=\"2632\">this sanction<\/strong> to investors who fail to contribute sufficient capital. However, <strong data-start=\"2698\" data-end=\"2718\">other localities<\/strong> that aim to attract investment may allow investors to <strong data-start=\"2773\" data-end=\"2805\">pay fines and adjust the IRC<\/strong>.<\/p>\n<p class=\"\" data-start=\"2810\" data-end=\"3015\">The suspension and termination of investment projects are clearly regulated under <strong data-start=\"2892\" data-end=\"2944\">Articles 47 and 48 of the Law on Investment 2020<\/strong> and further guided by <strong data-start=\"2967\" data-end=\"3012\">Articles 57 to 60 of Decree 31\/2021\/ND-CP<\/strong>.<\/p>\n<p class=\"\" data-start=\"3017\" data-end=\"3147\">Thus, <strong data-start=\"3023\" data-end=\"3144\">failing to contribute the required capital within the prescribed timeframe carries a high risk of project termination<\/strong>.<\/p>\n<p class=\"\" data-start=\"3149\" data-end=\"3382\">This legal consultation is for informational and research purposes only. The cited regulations may become invalid at the time you read this article. Please contact us at <strong data-start=\"3319\" data-end=\"3335\">1900 633 298<\/strong> for the most accurate and up-to-date advice.<\/p>\n<p class=\"\" data-start=\"3384\" data-end=\"3401\"><strong data-start=\"3384\" data-end=\"3401\" data-is-last-node=\"\">Best regards!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lawyer, I would like to ask about the case where an FDI company has exceeded the capital contribution deadline but has not yet contributed. Can the company now apply for an extension of the capital contribution period? Is there a possibility of being required to terminate the investment project? I hope to receive your advice&#8230;.<\/p>\n","protected":false},"author":3,"featured_media":9503,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[762],"tags":[],"class_list":["post-9501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vietnam-legal-consulting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Extending the Capital Contribution Deadline for FDI Companies in Vietnam<\/title>\n<meta name=\"description\" content=\"Extending the Capital Contribution Deadline for FDI Companies in Vietnam; ELPIS LAW - Legal Consulting Services in Vietnam, Investment Law Consulting in Vietnam\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/elpislaw.vn\/en\/extending-the-capital-contribution-deadline-for-fdi-companies-in-vietnam\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Extending the Capital Contribution Deadline for FDI Companies in Vietnam\" \/>\n<meta property=\"og:description\" content=\"Extending the Capital Contribution Deadline for FDI Companies in Vietnam; 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