For over ten years now blockchain technologies have largely been focused on cryptocurrencies and attempts to raise the popularity of the underlying technology. In Vietnam, early incidents involving ponzi schemes and fraudulent investments led the bank of Vietnam to declare that cryptocurrency would not be accepted as legal tender in the country. They then went [...]
For those who follow cryptocurrency news, something big just happened. Ethereum, probably second only to Bitcoin, merged. There are two things that must be understood before taking a risk with the Ethereum chain. First, what is the merge, and second what about the proof of work fork that has already broken away from the merged [...]
According to Vietnam Plus yesterday, Ho Chi Minh City authorities are hopeful that their gross regional domestic process will be composed 25% of the digital economy. The plans are ambitious. Accordingly, attention will be paid to raising public awareness of digital transformation; organising the implementation of digital transformation tasks and building digital government; and integrating [...]
Last week, I posted our firm’s coverage of the new decree for implementation of the law on Cybersecurity in Vietnam (the “Decree”). This week I want to look at some of the effects this will have on enterprises doing business in Vietnam. As a base definition, data localization roughly means a requirement that data collected [...]
Despite the fact that the promulgation of Decree 53 on the implementation of the cybersecurity law is verging on old news, I wanted to share the information prepared by our firm here because it is an extremely important development in the sphere of cybersecurity in Vietnam. Dang The Duc and Thai Gia Han prepared the [...]
This week marks the 67th anniversary of Vietnam's Declaration of Independence. On 2 September 1945, Ho Chi Minh stood in Ba Dinh Square, Hanoi, and read the declaration to over a million people in Hanoi, and also gathered in Saigon. He based his declaration on that of the United States. In honor of that anniversary, [...]
Many professions maintain a code of conduct. Doctors must swear by the hypocratic oath. Lawyers must uphold their jurisdiction’s ethics rules. Politicians and military often swear to uphold the constitutional documents of their country. Even Starbuck’s baristas must abide my health and safety regulations. There are rules for almost every field, but not quite all [...]
The Metaverse is a projected new technology that will be used to connect users all across the globe and will involve both virtual reality, social media, and traditional technologies. The Metaverse has largely been promoted by Facebook's parent company Meta, but that, according to Meta President of Global Affairs Nick Clegg, does not mean that [...]
For the first time in a while, I find myself somewhat unprepared for Monday. As such, I want to review some of the thoughts I've had lately on technology, Vietnam, and the law. Crypto Thefts and Implications This weekend the web was a buzz with news of the theft of nearly 200 million dollars in [...]
When I first came to understand Vietnam’s rigid requirements surrounding data localization I thought the requirements far too rigid and expensive to be realistically enforced. Requiring data collectors to open a branch office or representative office and to refrain from transferring any data collected on Vietnamese citizens out of the country. I’m not the only [...]