Accordingly, Circular 02/2022/TT-BKHDT is applicable to state management agencies related to foreign investment activities, including ministries, ministerial-level agencies, provincial-level People's Committees, investment registration agencies, agencies tasked with state management of investment in accordance with legal regulations on investment, foreign-invested economic organizations and projects operating in Vietnam.

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The circular stipulates the principles for foreign investment management, one of which is not to hinder or affect the normal operations of foreign-invested organizations and projects during the process of supervision and evaluation.

The Ministry of Planning and Investment (MoPI) is authorized to supervise and evaluate the enforcement of state management of foreign investment; conduct overall supervision and assessment of foreign-invested projects; and inspect foreign-invested projects that are approved by the Prime Minister and the National Assembly, large-scale projects with great influence on socio-economic development, and other projects under the direction of the Government or the Prime Minister. 

According to the MoPI, ministries and ministerial-level agencies in charge of specialized management are responsible for sending reports on the supervision and assessment to the MoPI every year before March 1 in the year following the reporting year.

Meanwhile, the People's Committees of provinces and centrally-run cities are tasked with carrying out the overall supervision and assessment for foreign investment activities within their management.

The circular will take effect on April 1 this year, replacing Circular 09/2016/TT-BKHDT dated June 30, 2016.

Source: VNA