By Le Nguyen Huy Thuy and Le Thi Khanh Hoan Key employment trends in major Asian markets The COVID-19 pandemic deleteriously affected the labor market and is predicted to continue negatively influencing employment trends across Asia in the upcoming year. At the beginning of 2020, it was predicted that the unemployment rate in Asia-Pacific would [...]
Like much of the Fintech space, peer-to-peer, or P2P, lending in Vietnam is a relatively new and growing field. It also remains largely unregulated. In an official letter issued a year and a half ago, the state bank of Vietnam acknowledged that the space lacked regulation and warned banks and credit institutions of various dangers [...]
Continuing in my examination of data privacy and cybersecurity issues in Vietnam, this week I want to look at the issue of individual data privacy rights in Vietnam, what are a data subject's responsibilities and their rights, and what can they expect when putting their data in the wilds of the internet. General Protections of [...]
Earlier this month in a report by Bloomberg (here) and elsewhere the rumors seemed confirmed that Singapore's Grab and Indonesia's Gojek were in discussions anticipating a merger. While neither company is incorporated nor headquartered in Vietnam, they both have subsidiaries and substantial business in the country and their merger at an international level will have [...]
In a piece of legislation passed just a couple of weeks ago, the government of Vietnam made it possible for banks to comply with a common anti-money laundering, or AML, requirement digitally. Know Your Client, or KYC, has long been an element of Vietnam's banking law and serves to supplement the global standard AML law. [...]
Last week Grab drivers in Hanoi went on strike, shutting off their Grab accounts and refusing to respond to requests for rides or deliveries. Dressed in the now familiar green and white jackets and helmets they wear to identify them as Grab drivers, they gathered outside the company's local offices to voice their displeasure over [...]
While this article is about data localisation requirements in Vietnam, it is the first in a long series (occasionally interrupted) of blog posts I intend to write about data privacy and cybersecurity in Vietnam. This is part of my continuing effort to inform myself (see this post on e-wallets for an introduction of my intended [...]
Last week Fintech News, a digital news provider out of Singapore, launched their Vietnam Fintech Report 2020. The report examines the Fintech space in Vietnam, looking at current penetration within the country's population and the startup scene as well as pointing out specific fintech companies to watch. You can download the Vietnam Fintech Report 2020 [...]
In the near future I'm looking to move into more tech involved matters. As such, I'm going to use this blog as a means to educate myself on the issues and laws related to certain matters important to the tech field. Foremost among those is the use of digital payments. While there are issues relating [...]
This article briefly examines some of the advantages and disadvantages for Vietnam in the RCEP, a multilateral FTA that was signed yesterday in Hanoi, Vietnam. Yesterday, 15 November 2020, fifteen Asia-Pacific nations signed the Regional Comprehensive Economic Partnership, or RCEP, a multi-lateral free trade agreement. The signing comes as the crowning achievement of Vietnam's chairmanship [...]