diff --git a/setup.py b/setup.py
index 93716d1..8e05cf5 100644
--- a/setup.py
+++ b/setup.py
@@ -7,7 +7,7 @@
 
 setuptools.setup(
     name='pybgpkit',
-    version='0.4.4',
+    version='0.5.0',
     description='BGPKIT tools Python bindings',
     url='https://github.com/bgpkit/pybgpkit',
     author='Mingwei Zhang',
@@ -19,7 +19,7 @@
     install_requires=[
         # available on pip
         'dataclasses_json',
-        'pybgpkit-parser==0.4.3',
+        'pybgpkit-parser==0.5.0',
         'requests',
     ]
 )