blue-check Regarding declaration of related-party transactions

Official letter No. 12867/BTC-TCT dated November 10th, 2021 of the Ministry of Finance regarding related-party transactions
Posted: 11/11/2021 10:25:35 AM | Latest updated: 17/11/2021 4:48:50 AM (GMT+7) | LuatVietnam: 5333 | Vietlaw: 535

According to Article 5 of Decree No. 132/2020/ND-CP, enterprises shall be considered to have related-party transactions if a party holds at 25% of equity of the other party.

Accordingly, in case a company acquires at least 25% of equity of another enterprise, including foreign company, it is considered to engage in related-party transaction.

The company shall be responsible for declaring the related-party transaction according to the regulations at Decree No. 132/2020/ND-CP .

Ms Phuong Thao (
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Published Vietlaw's Newsletter No. 535
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