Vietnam is establishing a comprehensive legal framework for data governance, recognising data as a key national asset. The National Assembly passed the Law on Data in November 2024, with draft decrees released in early 2025 to implement the law's provisions. These regulations aim to balance national security, economic growth in the digital sphere, and personal data protection. The draft decrees establish stricter compliance for organisations handling Core or Critical Data, impacting data service providers and establishing guidelines for mandatory data provision to state authorities. Businesses must assess their data practices and prepare for new regulatory expectations, including risk assessments and potential government approvals for data transfers. This framework will also establish and regulate data exchange platforms to promote innovation and R&D.
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