Circular No. 88/2025/TT-BTC amends and supplements provisions on reporting requirements for investment fund management companies, representative offices, branches of securities companies, and foreign fund management companies in Vietnam. The document requires these entities to submit periodic reports in electronic form through the State Securities Commission’s database system.
适用范围
Investment fund management companies, representative offices, branches of securities companies, and foreign fund management companies in Vietnam
要点
- Representative offices of securities companies and foreign fund management companies in Vietnam must submit periodic reports in electronic form through the State Securities Commission’s database system (Article 1).
- Branches of securities companies and foreign fund management companies in Vietnam must submit periodic reports in electronic form through the State Securities Commission’s database system (Article 2).
- Investment fund management companies must submit periodic reports in electronic form through the State Securities Commission’s database system (Article 3).
- In cases where it is impossible to submit reports through the system due to force majeure, the reporting entity shall be responsible for notifying the State Securities Commission and submitting reports via alternative methods such as email or paper documents (Article 4.2).
- Upon overcoming the force majeure situation, the reporting entity must continue to submit complete reports through the State Securities Commission’s database system (Article 4.3).
🌐 本文件的社会影响
- Enhance the effectiveness of state management over securities through the collection and processing of information from financial organizations.
- Reduce time and costs associated with the submission and receipt of reports by financial organizations.
- Affected entities include investment fund management companies, representative offices, and branches of securities companies that must change their report submission methods.
❓ 常见问题
Which entities must comply with this Circular?
Investment fund management companies, representative offices, branches of securities companies, and foreign fund management companies in Vietnam.
What form of periodic report submission is required?
In electronic form through the State Securities Commission’s database system.
In case it is impossible to submit reports through the system due to force majeure, what actions should be taken?
Notify the State Securities Commission and submit reports via alternative methods such as email or paper documents.
When the force majeure situation is overcome, what action should the reporting entity take?
Continue to submit complete reports through the State Securities Commission’s database system.
From what date does this Circular take effect?
From October 20, 2025.
全文
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIET NAM |
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Number: 88/2025/TT-BTC |
Hanoi, September 3, 2025 |
CIRCULAR
AMENDMENTS AND SUPPLEMENTS TO CERTAIN ARTICLES OF CIRCULARS REGULATING REPORTING REQUIREMENTS FOR SECURITIES INVESTMENT FUND MANAGEMENT COMPANIES, REPRESENTATIVE OFFICES, BRANCHES OF SECURITIES COMPANIES, AND FOREIGN FUND MANAGEMENT COMPANIES OPERATING IN VIETNAM
On the basis of Securities Law No. 54/2019/QH14 amended and supplemented by Law No. 56/2024/QH15;
Decree No. Decree No. 155/2020/NĐ-CP dated December 31, 2020 of the Government detailing the implementation of certain provisions of Securities Law;
Decree No. Decree No. 29/2025/NĐ-CP dated February 24, 2025 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance amended and supplemented by Decree No. 166/2025/NĐ-CP;
At the proposal of the Chairman of the State Securities Commission;
The Minister of Finance issues this Circular to amend and supplement certain articles of Circulars regulating reporting requirements for securities investment fund management companies, representative offices, branches of securities companies, and foreign fund management companies operating in Vietnam.
PART I
AMENDMENTS AND SUPPLEMENTS TO CERTAIN PROVISIONS OF CIRCULAR NO. 97/2020/TT-BTC DATED NOVEMBER 16, 2020 GUIDING THE OPERATIONS OF REPRESENTATIVE OFFICES, BRANCHES OF SECURITIES COMPANIES, AND FOREIGN FUND MANAGEMENT COMPANIES OPERATING IN VIETNAM
Article 1. Amend and supplement Clause 4 of Article 12
"4. The representative office of a securities company and a foreign fund management company in Vietnam shall submit periodic reports to the State Securities Commission in electronic form through the State Securities Commission's database system."
Article 2. Amend and supplement Clause 5 of Article 21
"5. The branch of a securities company and a foreign fund management company in Vietnam shall submit periodic reports to the State Securities Commission in electronic form through the State Securities Commission's database system."
Chapter II
AMENDMENTS AND SUPPLEMENTS TO CERTAIN PROVISIONS OF CIRCULAR NO. 99/2020/TT-BTC DATED NOVEMBER 16, 2020 GUIDING THE OPERATIONS OF SECURITIES INVESTMENT FUND MANAGEMENT COMPANIES
Article 3. Amend and supplement Clause 4 of Article 29
"4. The securities investment fund management company shall submit periodic reports to the State Securities Commission in electronic form through the State Securities Commission's database system."
Chapter III
IMPLEMENTING PROVISIONS
Article 4. Implementation provisions
1. This Circular takes effect from October 20, 2025.
2. In cases where the reporting entity (i.e., the securities investment fund management company, representative office, branch of a securities company, or foreign fund management company operating in Vietnam) is unable to submit reports through the State Securities Commission's database system due to force majeure such as network or server failures, inability to use digital certificates, or other force majeure reasons, the reporting entity shall notify the State Securities Commission, stating the reasons, and submit the report via email or in paper form. Once the force majeure situation has been resolved, the reporting entity shall promptly submit the full report through the State Securities Commission's database system.
3. The State Securities Commission, securities investment fund management companies, representative offices, branches of securities companies, foreign fund management companies operating in Vietnam, and related organizations and individuals are responsible for implementing this Circular./.
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Place of Receipt: |
DEPUTY MINISTER |
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