Electronic IDs in Vietnam

Last month the Government issued a draft decree on the process for obtaining and using electronic IDs in Vietnam. This comes as a welcome installment in Vietnam's slowly moving modernization of its legal regulations regarding the internet, data, and digital media. This post will review the basics of the draft decree relevant to most people [...]

By |2021-07-26T02:27:14+07:00July 26th, 2021|Banking and Finance, Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Electronic IDs in Vietnam

The Vietnam National Innovation Center

So I learned a thing this week. Apparently, Vietnam is developing a national innovation center (NIC) aimed at promoting innovative startups in the country. What that means is not entirely clear as of yet. The NIC was only approved at the end of 2019 and seems heavily reliant on a physical location that remains unidentified, [...]

By |2021-07-05T04:49:34+07:00July 5th, 2021|Business News, Corporate and commercial, TMT-Technology, Media, Telecom|Comments Off on The Vietnam National Innovation Center

Cybersecurity for Online Payment Services in Vietnam

Intermediary payment services (IPS) are regulated and licensed by the State Bank of Vietnam. IPS include very specific activities, namely: e-payment infrastructure supply services, including: Switching service; Electronic clearing service; Online payment portal service. Services supporting payment services, including: Authorized collection or payment service; Online money transfer service; E-wallet service. All of these services require [...]

By |2021-06-28T06:55:11+07:00June 28th, 2021|Banking and Finance, TMT-Technology, Media, Telecom|Comments Off on Cybersecurity for Online Payment Services in Vietnam

El-Salvador, Cryptocurrency, and Vietnam

As I've written before, Vietnam currently views cryptocurrency as a prohibited form of payment (see Cryptocurrency in Vietnam). The State Bank of Vietnam (SBV) has repeatedly made it clear that it does not recognize cryptocurrency or any digital currency as legal tender. Although a recent program initiated a pilot program for e-money (see Mobile Money [...]

By |2021-06-14T03:34:15+07:00June 14th, 2021|Banking and Finance, Legal News, TMT-Technology, Media, Telecom|Comments Off on El-Salvador, Cryptocurrency, and Vietnam

New Online Advertising Restrictions in Vietnam

by Steven Jacob, Foreign Associate While I have written largely about Fintech issues in this blog, the scope of my responsibilities extends to other areas involving technology and media. This week, therefore, I am going to write on a subject that has caused a bit of a stir in Vietnam regarding the regulations that just [...]

By |2021-06-07T05:57:12+07:00June 7th, 2021|Legal News, Publications, TMT-Technology, Media, Telecom|Comments Off on New Online Advertising Restrictions in Vietnam

Debt Recovery in Vietnam

I wrote a couple weeks ago about the interest rate cap on loans as applicable to P2P lending in Vietnam (see Interest Rates for P2P Lending in Vietnam) in which I discussed the problem we've seen with P2P lenders being accused of criminally exceeding that cap through the application of fees on loans. Another problem [...]

By |2021-05-31T03:06:53+07:00May 31st, 2021|Banking and Finance, Contract Law, TMT-Technology, Media, Telecom|Comments Off on Debt Recovery in Vietnam

Personal Data Leaks in Vietnam

According to an article in VN Express International's website (see Personal data leak affects thousands of Vietnamese) the news of a major leak of personal data was announced. (Other articles covered the news in the Vietnamese language, but for purposes of discussion, the English language story will work best.) The data, which comprised 17 GBs [...]

By |2021-05-24T07:11:04+07:00May 24th, 2021|Data Privacy, Legal News, TMT-Technology, Media, Telecom|Comments Off on Personal Data Leaks in Vietnam

Registering E-Commerce Websites in Vietnam

by Steven Jacob, Foreign Associate Last week I examined the four types of e-commerce websites that are allowed to operate in Vietnam (see Some Issues on E-Commerce in Vietnam). For each type, there is either a notification or registration requirement before the website can commence operations. This week I wanted to discuss the requirements for [...]

By |2021-04-26T02:23:50+07:00April 26th, 2021|Corporate and commercial, TMT-Technology, Media, Telecom|Comments Off on Registering E-Commerce Websites in Vietnam

Mobile Money Pilot Program in Vietnam

by Steven Jacob, Foreign Associate On 3 March 2021, the Prime Minister of Vietnam issued a decision that authorized a pilot program for the use of mobile money in Vietnam. This is a major step forward in the use of non-physical currency in the country and marks a potential change in the direction of the [...]

By |2021-04-12T03:01:15+07:00April 12th, 2021|Banking and Finance, TMT-Technology, Media, Telecom|Comments Off on Mobile Money Pilot Program in Vietnam

E-Commerce Contracts in Vietnam

by Steven Jacob, Foreign Associate In traditional contracts, the contract is dependent upon the agreement of the parties. That agreement is reached through a process of contract formation. In the first step, one of the parties makes an offer of providing either goods or services. The other party then will review the offer and accept [...]

By |2021-04-05T03:04:01+07:00April 5th, 2021|Contract Law, TMT-Technology, Media, Telecom|Comments Off on E-Commerce Contracts in Vietnam
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