Some thoughts on data localization

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 [...]

By |2022-08-01T01:45:35+07:00August 1st, 2022|Data Privacy, Legal News|Comments Off on Some thoughts on data localization

Vietnam, the FBI, and You

According to thus month’s Wired Magazine, the United States Federal Bureau of Investigation conducted 3.4 million illegal searches of private data. Thus included searches of foreign individuals and entities.  That number, to those who might not be aligned with the United States, is a terrifying one. As the FBI is an agency devoted to domestic [...]

By |2022-07-25T03:14:11+07:00July 25th, 2022|Banking and Finance, Competitive research, Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Vietnam, the FBI, and You

Some Issues of Data Protection in International Websites

In last week’s Economist there featured an article about the Chinese founded app TikTok. As the article was written with an America aligned editorial policy it took a warning stance suggesting that even though ByteDance, the holding company that owns TikTok is domiciled in the Cayman Islands, the ultimate beneficial owners remain it’s Chinese founders.   [...]

By |2022-07-18T02:20:10+07:00July 18th, 2022|Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Some Issues of Data Protection in International Websites

Challenges to a Global KYC Experience

Know Your Customer (KYC) is a major element of most countries’ anti-money laundering legislation. Vietnam is no exception. It has developed a comprehensive set of KYC regulations and have even extended the process to allow for digital KYC confirmation. And herein lies the problem. KYC relies on the cooperation of each country. Vietnam may have [...]

By |2022-07-04T02:51:06+07:00July 4th, 2022|Banking and Finance, Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Challenges to a Global KYC Experience

Vietnam’s International Commitments in Data Privacy

To finish up the rather long review of data privacy regulations in e-commerce, including data localitzation and cybersecurity issues, I thought I would share our overview we prepared of relevant commitments in these areas in international agreements to which Vietnam has recently become a member. Without looking at every bilateral treaty, we have reviewed the [...]

By |2022-06-06T04:53:40+07:00June 6th, 2022|Data Privacy, International Trade|Comments Off on Vietnam’s International Commitments in Data Privacy

Data Localization Revisited, a Vietnam Primer

Data Localization, Where We Stand In 2018 the National Assembly passed the controversial new law on cybersecurity that subsequently went into effect on 1 January 2019. In addition to providing rules that allowed the government to arguably censor residents who posted objectionable content on the internet, it also expanded and simultaneously solidified the data localisation [...]

By |2022-05-09T04:20:34+07:00May 9th, 2022|Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Data Localization Revisited, a Vietnam Primer

How Cross-border Data Collection Threatens Us All

I'm a little scared. And it's Facebook's fault. The thing is, for the longest time, the world was organized into discreet territories with their own sovereignty, powers, and abilities to control the trade that crossed their borders. They could physically stop something or someone from entering their country by holding them up at the border [...]

By |2022-03-21T03:11:32+07:00March 21st, 2022|Data Privacy, TMT-Technology, Media, Telecom|Comments Off on How Cross-border Data Collection Threatens Us All

Ancillary Data Services in Vietnam

Data Intermediaries and Analytics Firms International treatment of data has led to the creation of a couple of categories of service providers: data intermediaries who are third parties that transfer data from one entity to another and are bound by the rules of specific jurisdictions, and analytics firms who take the data provided by banks [...]

By |2022-02-28T04:37:38+07:00February 28th, 2022|Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Ancillary Data Services in Vietnam

Data Protection in Vietnam

Recently we prepared a memorandum for a major international organization related to data protection in Vietnam. It serves as a really good overview of the issue of how to treat data, both personal and corporate, and as such, I would like to include a version of that document here. What follows is a redacted and [...]

By |2022-02-21T05:34:25+07:00February 21st, 2022|Corporate and commercial, Data Privacy|Comments Off on Data Protection in Vietnam

Banker’s KYC in Vietnam

Know Your Customer, or KYC, is a process of identification and verification of customer information by financial entities[1] in accordance with the prevention and combating of money laundering and financing of terrorism. For KYC in Vietnam, financial entities must apply measures to identify customers in the following cases: When a customer initially opens an account [...]

By |2022-02-14T05:22:39+07:00February 14th, 2022|Banking and Finance, Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Banker’s KYC in Vietnam
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