Vietnam sheds light on impending cybersecurity law
Posted on Dec 4, 2018 in Cybersecurity, Data Privacy, Government, Intellectual Property, Regulation | Comments Off on Vietnam sheds light on impending cybersecurity law
Vietnam recently issued a draft decree that clarifies the scope of its impending cybersecurity law and its impact on foreign businesses.
- The law is set to go into effect on January 1, 2019, though the implementation of certain requirements that impact foreign companies the most will likely be delayed.
- Unlike other cybersecurity and data privacy laws passed this year, which were inspired by Europe’s GDPR, Vietnam’s law emulates the cybersecurity regulations in place in China, and it creates a mechanism for the government to control the flow of information, including through a data localization requirement.
- Businesses providing services in “cyberspace” will have to meet the law’s obligations, and in some cases, may even be required to establish local offices in Vietnam.
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