Regulatory Alerts2025-05-05 | 20/2025/TT-BTCAdded · Updated
Circular 20/2025/TT-BTC amending certain provisions of Circular 51/2021/TT-BTC
The Ministry of Finance of Vietnam issued Circular 20/2025/TT-BTC to amend specific provisions of Circular 51/2021/TT-BTC regarding the obligations of organizations and individuals in foreign investment activities on the Vietnamese stock market. The amendments clarify that foreign investors must conduct all fund transfers and transactions related to indirect investment through designated indirect investment capital accounts managed by licensed custodian banks. Additionally, the circular mandates that reporting entities designate specific members or authorized persons to fulfill reporting and information disclosure obligations, and requires all reports to be submitted electronically via the State Securities Commission's system with a minimum five-year retention period.
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