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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
I have spent so much time writing about data privacy and fintech regulations in Vietnam that I have forgotten to look at another technology that is vitally linked yet also distinct. That technology, artificial intelligence, is being used to understand and manipulate data and to produce interpretations and actions of smart contracts and companies. According [...]