This is the direction of Mr. Tran Son Hai - Member of Standing Committee of Provincial Party Committee, Standing Vice Chairman of Khanh Hoa provincial People's Committee at the meeting with related departments to hear the report on the inspection of the implementation of law on capital contribution, share purchase and capital shares of foreign investors, which took place in the afternoon of April 24th.
At the meeting, Mr. Tran Son Hai requested the Department of Planning and Investment of the province to transfer the entire list of addresses and names of members registering for capital contribution, share purchase and capital shares of 173 enterprises with foreign investors operating for Immigration Department-Provincial Police, Provincial Taxation Department, Department of Labor, Invalids and Social Affairs; On that basis, the above three units have urgently reviewed and evaluated the operation, the issuance of temporary residence cards and the issuance of work permits to the capital contributors at these 173 enterprises and report to the provincial People's Committee, Department of Planning and Investment at the end of May 2018. In addition, Mr. Tran Son Hai requested the Department of Planning and Investment to propose solutions for dealing with enterprises with foreign investors violating capital contribution, share purchase, capital shares; drafting coordination regulations among agencies and localities in providing information to deal with enterprises changing capital-contributing members as foreigners and submitting to the provincial People's Committee for consideration before June 30th.
According to the Department of Planning and Investment of the province, from July 1st 2015 to December 27th 2017, there were 221 enterprises in the province registered procedures for capital contribution, share purchase and capital shares. Of which, four of them were locked; 18 enterprises temporarily suspended; 26 enterprises dissolved; 173 enterprises were operating. Specifically, 17 Chinese enterprises; 74 Russian enterprises; 11 Ukraine enterprises; 14 Korean enterprises and the rest were other nationalities. Through the actual inspection of 8 enterprises, the Department of Planning and Investment discovered that these enterprises have foreign investors making indirect investment in Vietnam by cash; Through the actual inspection of 8 enterprises, the Department of Planning and Investment discovered that these enterprises had foreign investors making indirect investment in Vietnam in cash; Transferring money directly to the company account from abroad or contributing capital through the payment account of Vietnam dong. In addition, these 8 enterprises had not reported list of foreigners working in the enterprises to the authorities; some units had been set up since 2015 and 2016 but the financial statements had not yet generated revenue and expenses.