{"id":3365,"date":"2026-09-07T14:51:52","date_gmt":"2026-09-07T07:51:52","guid":{"rendered":"https:\/\/giaychungnhandautu.man.net.vn\/?p=3365"},"modified":"2026-09-07T14:52:36","modified_gmt":"2026-09-07T07:52:36","slug":"muc-tieu-du-an-dau-tu","status":"publish","type":"post","link":"https:\/\/giaychungnhandautu.man.net.vn\/en\/muc-tieu-du-an-dau-tu\/","title":{"rendered":"The company&#039;s lack of revenue impacts the investment project&#039;s objectives."},"content":{"rendered":"<p>The fact that a company has not generated revenue does not necessarily mean that it has not achieved its investment project objectives. When assessing the project&#039;s status, businesses need to compare the registered objectives, scale, and progress with the actual implementation situation, especially in the context of the Investment Law No. 143\/2025\/QH15, which came into effect on March 1, 2026.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/giaychungnhandautu.man.net.vn\/en\/muc-tieu-du-an-dau-tu\/#Cong_ty_khong_co_doanh_thu_co_bi_coi_la_khong_thuc_hien_muc_tieu_du_an\" >If a company has no revenue, is it considered to have failed to meet its project objectives?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/giaychungnhandautu.man.net.vn\/en\/muc-tieu-du-an-dau-tu\/#Muc_tieu_du_an_dau_tu_duoc_danh_gia_dua_tren_nhung_noi_dung_nao\" >What factors are used to evaluate the objectives of an investment project?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/giaychungnhandautu.man.net.vn\/en\/muc-tieu-du-an-dau-tu\/#Khong_co_doanh_thu_khac_voi_khong_thuc_hien_muc_tieu_du_an\" >No revenue is the same as not achieving project goals.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/giaychungnhandautu.man.net.vn\/en\/muc-tieu-du-an-dau-tu\/#Khi_nao_khong_thuc_hien_muc_tieu_du_an_co_the_dan_den_cham_dut_du_an\" >When can failure to meet project objectives lead to project termination?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/giaychungnhandautu.man.net.vn\/en\/muc-tieu-du-an-dau-tu\/#Doanh_nghiep_khong_co_doanh_thu_nen_xu_ly_the_nao\" >What should be done when a business has no revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/giaychungnhandautu.man.net.vn\/en\/muc-tieu-du-an-dau-tu\/#Khi_nao_can_dieu_chinh_muc_tieu_hoac_tien_do_du_an\" >When is it necessary to adjust project goals or timelines?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/giaychungnhandautu.man.net.vn\/en\/muc-tieu-du-an-dau-tu\/#Goc_nhin_cua_MAN_ve_muc_tieu_du_an_dau_tu\" >MAN&#039;s perspective on investment project objectives.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/giaychungnhandautu.man.net.vn\/en\/muc-tieu-du-an-dau-tu\/#Ket_luan\" >Conclude<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Cong_ty_khong_co_doanh_thu_co_bi_coi_la_khong_thuc_hien_muc_tieu_du_an\"><\/span>If a company has no revenue, is it considered to have failed to meet its project objectives?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>No. The fact that a business has no revenue, low revenue, or is in the investment phase is not the only basis for concluding that the business is not achieving its investment project objectives.<\/p>\n<p>Legally, it is necessary to distinguish between business results and the achievement of project objectives. A project may be in the stages of site preparation, construction, machinery installation, recruitment, testing, or completing the conditions for operation, and therefore has not yet generated revenue, but is still undergoing actual implementation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Muc_tieu_du_an_dau_tu_duoc_danh_gia_dua_tren_nhung_noi_dung_nao\"><\/span>What factors are used to evaluate the objectives of an investment project?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_3366\" aria-describedby=\"caption-attachment-3366\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-3366\" src=\"https:\/\/giaychungnhandautu.man.net.vn\/wp-content\/uploads\/2026\/09\/Cong-ty-khong-co-doanh-thu-co-anh-huong-muc-tieu-du-an.png\" alt=\"Co\u0302ng ty kho\u0302ng co\u0301 doanh thu co\u0301 a\u0309nh hu\u031bo\u031b\u0309ng mu\u0323c tie\u0302u du\u031b\u0323 a\u0301n\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaychungnhandautu.man.net.vn\/wp-content\/uploads\/2026\/09\/Cong-ty-khong-co-doanh-thu-co-anh-huong-muc-tieu-du-an.png 1200w, https:\/\/giaychungnhandautu.man.net.vn\/wp-content\/uploads\/2026\/09\/Cong-ty-khong-co-doanh-thu-co-anh-huong-muc-tieu-du-an-300x169.png 300w, https:\/\/giaychungnhandautu.man.net.vn\/wp-content\/uploads\/2026\/09\/Cong-ty-khong-co-doanh-thu-co-anh-huong-muc-tieu-du-an-1024x576.png 1024w, https:\/\/giaychungnhandautu.man.net.vn\/wp-content\/uploads\/2026\/09\/Cong-ty-khong-co-doanh-thu-co-anh-huong-muc-tieu-du-an-768x432.png 768w, https:\/\/giaychungnhandautu.man.net.vn\/wp-content\/uploads\/2026\/09\/Cong-ty-khong-co-doanh-thu-co-anh-huong-muc-tieu-du-an-18x10.png 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-3366\" class=\"wp-caption-text\">The company&#039;s lack of revenue impacts the project&#039;s objectives.<\/figcaption><\/figure>\n<p>The investment project&#039;s objectives are one of the core aspects that investors need to monitor throughout the implementation process. Information regarding objectives, scale, capital, and progress is recorded in the project dossier and, in the case of an Investment Registration Certificate (IRC), is included in this document.<\/p>\n<p>According to the information above. <a href=\"https:\/\/giaychungnhandautu.man.net.vn\/en\/giay-chung-nhan-dang-ky-dau-tu-irc\/\">IRC Investment Registration Certificate and the latest regulations 2026<\/a>, The IRC records important project information such as objectives, scale, funding, and implementation schedule.<\/p>\n<p>When reviewing a non-revenue generating project, businesses should focus on the following groups of information:<\/p>\n<ul>\n<li>Registered operational objectives: whether the business is operating in accordance with the registered type, industry, and output.<\/li>\n<li>Progress: whether milestones such as capital contribution, construction, completion of project components, commissioning, or other phases are being implemented on schedule.<\/li>\n<li>Scale and location: Is the project being implemented at the exact location, scale, and scope as registered?.<\/li>\n<li>Status of actual implementation: whether there are investment activities, investment preparation, construction, asset procurement, recruitment, or other activities consistent with the project.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Khong_co_doanh_thu_khac_voi_khong_thuc_hien_muc_tieu_du_an\"><\/span>No revenue is the same as not achieving project goals.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Revenue is an indicator reflecting business results, while investment project objectives are the legal content associated with the registered investment activity. These two concepts are related but cannot be considered identical.<\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"6\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\" width=\"218\"><strong>Status<\/strong><\/td>\n<td style=\"text-align: center;\" width=\"218\"><strong>It is understandable.<\/strong><\/td>\n<td style=\"text-align: center;\" width=\"218\"><strong>Points that need review<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"218\">No revenue yet.<\/td>\n<td width=\"218\">No revenue has been generated or recorded yet.<\/td>\n<td width=\"218\">Project progress and implementation activities<\/td>\n<\/tr>\n<tr>\n<td width=\"218\">Low revenue<\/td>\n<td width=\"218\">Business performance has not met expectations.<\/td>\n<td width=\"218\">Objectives, scale, and actual operating conditions<\/td>\n<\/tr>\n<tr>\n<td width=\"218\">The goal has not been achieved.<\/td>\n<td width=\"218\">The registration goal has not been achieved.<\/td>\n<td width=\"218\">Milestones and the possibility of schedule adjustments.<\/td>\n<\/tr>\n<tr>\n<td width=\"218\">The project was not implemented.<\/td>\n<td width=\"218\">There are signs that the project is not being implemented.<\/td>\n<td width=\"218\">Reasons, timeframe, and grounds for project termination.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Therefore, revenue targets should be viewed as data on business performance, not the sole measure of whether a project is achieving its objectives.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Khi_nao_khong_thuc_hien_muc_tieu_du_an_co_the_dan_den_cham_dut_du_an\"><\/span>When can failure to meet project objectives lead to project termination?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>From March 1st, 2026, Law No. 143\/2025\/QH15 on Investment will be the current legal basis for investment. According to Clause 2, Article 36, the investment registration authority may terminate or partially terminate a project&#039;s operations in various cases, including when the investor fails to achieve the registered operational objectives.<\/p>\n<p>Notably, point b, clause 2, Article 36 stipulates that: after 24 months from the completion of the project&#039;s operational objectives or the objectives of each phase, if the investor still fails to achieve the objectives and does not fall under the cases eligible for schedule adjustment as prescribed, the project or a part of the project may be terminated.<\/p>\n<p>In addition to cases related to target progress, Article 36 also stipulates several other grounds. When reviewing risks, businesses should note:<\/p>\n<ul>\n<li>The project falls under the category requiring suspension of operations, but the investor is unable to remedy the conditions for suspension.<\/li>\n<li>The investor is no longer able to use the investment site and fails to complete the site adjustment procedures within the legally prescribed time limit.<\/li>\n<li>The project has ceased operations, and more than 12 months have passed without the investment registration authority being able to contact the investor or their legal representative.<\/li>\n<li>The project falls under the category of land reclamation, the investor fails to fulfill the deposit obligation, or other cases as stipulated in Article 36.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Doanh_nghiep_khong_co_doanh_thu_nen_xu_ly_the_nao\"><\/span>What should be done when a business has no revenue?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If a project has not yet generated revenue but is still under development, businesses should not rely solely on revenue reports to assess compliance. Instead, they should review both the project&#039;s legal documentation and the actual situation.<\/p>\n<p>A fact-checking process can be carried out in the following steps:<\/p>\n<ol>\n<li>Compare the project objectives stated in the IRC or the investment approval document with the actual operations.<\/li>\n<li>Review each registered progress milestone, identify which milestones have been completed, which are behind schedule, and the reasons for the delay.<\/li>\n<li>Review the status of capital contributions, site, construction, asset procurement, personnel, and other activities related to project implementation.<\/li>\n<li>If the objectives or actual progress have changed, determine whether a project adjustment procedure or an IRC adjustment is necessary.<\/li>\n<\/ol>\n<p>If adjustments to project information are needed, businesses can refer to the following. <a href=\"https:\/\/giaychungnhandautu.man.net.vn\/en\/ho-so-dieu-chinh-irc\/\">What does an IRC amendment dossier include according to the 2026 regulations?<\/a> To compare the required document groups based on the changes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Khi_nao_can_dieu_chinh_muc_tieu_hoac_tien_do_du_an\"><\/span>When is it necessary to adjust project goals or timelines?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>During implementation, investors have the right to adjust the project in accordance with the law. According to Article 33 of the 2025 Investment Law, investors may adjust the objectives and other contents of the project in accordance with regulations; if the adjustment changes the main content of the IRC, the procedure for adjusting the IRC must be followed.<\/p>\n<p>For projects subject to investment policy approval, certain changes such as changes or additions to objectives requiring approval, changes in location, extensions beyond legally stipulated limits, or adjustments to the operating period may necessitate procedures for approving adjustments to the investment policy.<\/p>\n<p>Businesses can refer to this for more information. <a href=\"https:\/\/giaychungnhandautu.man.net.vn\/en\/thu-tuc-dieu-chinh-giay-chung-nhan-dau-tu\/\">Procedures for amending Investment Certificates under the 2025 Investment Law<\/a> To determine the appropriate course of action to address the changes in the project.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Goc_nhin_cua_MAN_ve_muc_tieu_du_an_dau_tu\"><\/span>MAN&#039;s perspective on investment project objectives.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>From a compliance management perspective, the key concern is not whether the business has generated revenue yet, but whether the project is being implemented in line with the registered objectives and schedule.<\/p>\n<p>A business that has not yet generated revenue may still be undertaking a project if it has appropriate implementation activities and has not fallen into any legally binding termination categories. Conversely, a business that has revenue but whose actual operations do not conform to its registered objectives, scale, location, or schedule may still face compliance risks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span>Conclude<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A company with no revenue is not automatically considered to have failed to achieve its investment project objectives. To properly assess the project&#039;s status, it is necessary to consider operational goals, progress, scale, location, and actual implementation activities, rather than just looking at revenue.<\/p>\n<p>Specifically, from March 1, 2026, the Investment Law No. 143\/2025\/QH15 needs to be applied. Businesses should proactively review progress milestones and carry out adjustment procedures when targets or actual progress change, avoiding prolonged delays that could lead to project termination.<\/p>\n<blockquote><p><em>Legal source: Investment Law No. 143\/2025\/QH15 \u2013 full text and Articles 33 and 36. <a href=\"https:\/\/thuvienphapluat.vn\/van-ban\/dau-tu\/law-143-2025-qh15-on-invesment-689508.aspx\" target=\"_blank\" rel=\"noopener\">Law Library<\/a>.<\/em><\/p><\/blockquote>\n<div style=\"background: #FFF8E8; border: 2px solid #F4B00F; border-radius: 10px; padding: 20px 24px; margin: 30px 0;\">\n<div style=\"font-size: 18px; font-weight: bold; color: #b47500; margin-bottom: 12px; line-height: 1.6;\">Professionally reviewed by <a style=\"color: #b47500; text-decoration: underline;\" href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" target=\"_blank\" rel=\"noopener\">Mr. Le Hoang Tuyen<br \/>\n<\/a><\/div>\n<div style=\"font-size: 14px; line-height: 1.8; color: #333;\"><strong>Job title:<\/strong> Founder &amp; CEO \u2013 MAN Master Accountant Network<br \/>\n<strong>Professional license:<\/strong> CPA Vietnam Auditors<br \/>\n<strong>Experience:<\/strong> Over 30 years of experience in Accounting, Auditing, and Financial Consulting.<\/div>\n<div style=\"border-top: 1px solid #F4B00F; margin-top: 12px; padding-top: 12px; font-size: 13px; line-height: 1.7; color: #555;\"><strong>Note:<\/strong> The content is compiled based on current legal regulations and is for reference only. Application to specific cases requires direct consultation with a MAN expert after reviewing the actual case file.<\/div>\n<div style=\"border-top: 1px solid #F4B00F; margin-top: 16px; padding-top: 16px;\">\n<div style=\"font-size: 20px; font-weight: bold; color: #222; margin-bottom: 12px; line-height: 1.6;\">Contact information<\/div>\n<div style=\"margin-bottom: 8px; font-size: 14px; line-height: 1.8; color: #333;\"><strong>Address:<\/strong> No. 19A, Street 43, Tan Thuan Ward, Ho Chi Minh City<\/div>\n<div style=\"margin-bottom: 8px; font-size: 14px; line-height: 1.8; color: #333;\"><strong>Mobile\/Zalo:<\/strong> 0903 963 163 \u2013 0903 428 622<\/div>\n<div style=\"font-size: 14px; line-height: 1.8; color: #333;\"><strong>E-mail:<\/strong> man@man.net.vn<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>C\u00f4ng ty kh\u00f4ng ph\u00e1t sinh doanh thu ch\u01b0a \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c kh\u00f4ng th\u1ef1c hi\u1ec7n m\u1ee5c ti\u00eau d\u1ef1 \u00e1n \u0111\u1ea7u t\u01b0. Khi \u0111\u00e1nh gi\u00e1 t\u00ecnh tr\u1ea1ng d\u1ef1 \u00e1n, doanh nghi\u1ec7p c\u1ea7n \u0111\u1ed1i chi\u1ebfu m\u1ee5c ti\u00eau, quy m\u00f4 v\u00e0 ti\u1ebfn \u0111\u1ed9 \u0111\u00e3 \u0111\u0103ng k\u00fd v\u1edbi t\u00ecnh h\u00ecnh tri\u1ec3n khai th\u1ef1c t\u1ebf, \u0111\u1eb7c bi\u1ec7t trong b\u1ed1i c\u1ea3nh [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,121],"tags":[],"class_list":["post-3365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc","category-giay-chung-nhan-dau-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/giaychungnhandautu.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/3365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/giaychungnhandautu.man.net.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/giaychungnhandautu.man.net.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/giaychungnhandautu.man.net.vn\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/giaychungnhandautu.man.net.vn\/en\/wp-json\/wp\/v2\/comments?post=3365"}],"version-history":[{"count":2,"href":"https:\/\/giaychungnhandautu.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/3365\/revisions"}],"predecessor-version":[{"id":3369,"href":"https:\/\/giaychungnhandautu.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/3365\/revisions\/3369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaychungnhandautu.man.net.vn\/en\/wp-json\/wp\/v2\/media\/3367"}],"wp:attachment":[{"href":"https:\/\/giaychungnhandautu.man.net.vn\/en\/wp-json\/wp\/v2\/media?parent=3365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaychungnhandautu.man.net.vn\/en\/wp-json\/wp\/v2\/categories?post=3365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaychungnhandautu.man.net.vn\/en\/wp-json\/wp\/v2\/tags?post=3365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}