New Draft Electronic Transactions Law

Recently, the National Assembly's law committee issued a draft of the new Electronic Transaction Law which is now undergoing comments from interested public parties. This is the first time that electronic transactions will warrant their own law as previous regulations on this subject matter have been limited to decrees of the government. This article will [...]

By |2022-05-16T04:42:38+07:00May 16th, 2022|Corporate and commercial, Legal News, TMT-Technology, Media, Telecom|Comments Off on New Draft Electronic Transactions Law

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

Move to Earn and Vietnam

A new NFT model has recently hit the news, StepN, which is a game/program/model in which users have the opportunity to buy an NFT sneaker which represents their real sneaker and is linked to their movements via their cellphones or smartwatch. They can then be rewarded with cryptocurrency according to how much they actually move [...]

By |2022-04-25T08:05:54+07:00April 25th, 2022|Banking and Finance, Contract Law, TMT-Technology, Media, Telecom|Comments Off on Move to Earn and Vietnam

E-Commerce in Vietnam, a Review

Under the laws of Vietnam, e-commerce activity means conducting a part or the whole of the process of commercial activity by electronic means connected to the internet, mobile telecommunications network or other open networks. A commercial activity is activity for profit-making purposes, comprising purchase and sale of goods, provision of services, investment, commercial enhancement, and [...]

By |2022-03-28T04:48:16+07:00March 28th, 2022|Corporate and commercial, TMT-Technology, Media, Telecom|Comments Off on E-Commerce in Vietnam, a Review

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

E-Transactions in Vietnam

Electronic Transactions (E-Transactions) in Vietnam As defined in the Electronic Transaction Law (the ET Law), electronic transaction or e-transaction means a transaction conducted by electronic means. Electronic means are means that operate on the basis of an electric, electronic, digital, magnetic, wireless, optical, electro-magnetic technology or similar technologies. Any transactions by electronic means in the [...]

By |2022-03-14T02:56:26+07:00March 14th, 2022|Contract Law, TMT-Technology, Media, Telecom|Comments Off on E-Transactions in Vietnam

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

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

Axie Infinity Redux

Vietnam's startup darling Axie Infinity is in the news. Like the United States on the back of trillions of dollars of newly printed dollar bills, Axie Infinity is suffering from a classic economic problem: inflation. Here's the skinny. Axie Infinity is a blockchain item, based on Ethereum, where it uses a couple of different technologies. [...]

By |2022-02-07T01:19:02+07:00February 7th, 2022|Business News, Contract Law, TMT-Technology, Media, Telecom|Comments Off on Axie Infinity Redux

Digital Banking in Vietnam

Banking is a big business in Vietnam with 4 state-owned commercial banks, 31 joint-stock commercial banks, 2 joint-venture banks, 52 branch offices of foreign banks, 60 representative offices, 16 financial companies and 9 foreign banks[1]. According to an Austrade Report (2020), 78 banks offer internet payment solutions. Mobile payment is available at 47 banks, and [...]

By |2022-01-17T05:28:04+07:00January 17th, 2022|Banking and Finance, TMT-Technology, Media, Telecom|Comments Off on Digital Banking in Vietnam
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