Draft Decree on Cybersecurity Sanctions

In the middle of writing about Sky Mavis and NFTs and cryptocurrency the Ministry of Public Security issued a draft decree related to cybersecurity. I didn't get the chance to write about this earlier, but I think it is important enough--as it offers some guidance on questions related to the Law on Cybersecurity of 2018--to [...]

By |2021-12-27T04:41:00+07:00December 27th, 2021|Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Draft Decree on Cybersecurity Sanctions

Technology Transfer in Vietnam

This week I had the opportunity to edit our new legal guide for technology transfer in Vietnam. It was prepared by Yen Pham, a lawyer on our staff, and I thought I would give a preview of some of its contents as it is related to my practice. Some Basics of Technology Transfer Technology transfer [...]

By |2021-12-20T02:51:58+07:00December 20th, 2021|Corporate and commercial, TMT-Technology, Media, Telecom|Comments Off on Technology Transfer in Vietnam

Cryptocurrency Gambling Ring Hacked by Government

All right, one more blog post about cryptocurrency. A little over a week ago, the Ho Chi Minh City police announced they busted a major gambling ring (see article from Bloomberg here). They arrested 59 people and confiscated 40 laptops, over 70 cell phones, ATM cards, and over 130,000USD worth of Vietnamese Dong. The gambling [...]

By |2021-12-13T02:09:22+07:00December 13th, 2021|Banking and Finance, TMT-Technology, Media, Telecom|Comments Off on Cryptocurrency Gambling Ring Hacked by Government

Blockchains or Databases, a Discussion

I recently had a conversation with an official from the US Consulate here in Ho Chi Minh City, in which we discussed cryptocurrency and blockchain issues. On repeated occasions he asked the question: what makes blockchain different from a regular database? That got me thinking. There are certainly some instances in which there is no [...]

By |2021-12-06T08:48:18+07:00December 6th, 2021|Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Blockchains or Databases, a Discussion

In-Game Units in Vietnam

About a month ago I wrote about NFT Gaming and Vietnam. In that blog, I discussed some of the issues with Axie Infinity—as their recent massive funding round was the prompting for the post. But I did not really dig into the legal issues of buying and selling virtual assets in games in Vietnam with [...]

By |2021-11-29T09:42:01+07:00November 29th, 2021|TMT-Technology, Media, Telecom|Comments Off on In-Game Units in Vietnam

Laos, Cryptocurrency Mining, and Vietnam

In September, the government of Laos authorized six companies to mine and trade cryptocurrency. This last week they announced that as part of the country's expansion into the cryptocurrency markets, they anticipate to include nearly 200 million USD in their 2022 national budget from Bitcoin mining. The theory is that, using the massive amounts of [...]

By |2021-11-08T06:29:27+07:00November 8th, 2021|Banking and Finance, Data Privacy, Legal News, TMT-Technology, Media, Telecom|Comments Off on Laos, Cryptocurrency Mining, and Vietnam

Vietnam Finally Amends E-Commerce Rules

A Guide to the Important Points for Cross-border E-Commerce Providers and Foreign Investors It's been coming. We've been talking about the new regime for e-commerce and other elements of the internet for ages it seems. When will Vietnam finally issue their new rules for governing e-commerce, and specifically, for governing cross-border e-commerce providers? On September [...]

By |2021-10-25T07:01:15+07:00October 25th, 2021|Inward Investment, TMT-Technology, Media, Telecom|Comments Off on Vietnam Finally Amends E-Commerce Rules

NFT Gaming and Vietnam

Last week it was announced that Singapore company Sky Mavis raised 152 million USD on a valuation of three billion from major players in the Venture Capital universe. While I am not privy to the full structure of Sky Mavis, it is owned and operated by Vietnamese developers living in Ho Chi Minh City. It [...]

By |2021-10-11T04:26:08+07:00October 11th, 2021|Business News, TMT-Technology, Media, Telecom|Comments Off on NFT Gaming and Vietnam

LFN Guide for Cryptocurrency Now Live

For some time now, Indochine Counsel has been part of the Law Firm Network (LFN) and participated in their sometimes publications. Just recently we provided a chapter on Vietnam's treatment of cryptocurrency. As this blog regularly focuses on issues related to e-commerce and technology we wanted to make our readers aware of the publication of [...]

By |2021-09-20T03:35:39+07:00September 20th, 2021|Banking and Finance, TMT-Technology, Media, Telecom|Comments Off on LFN Guide for Cryptocurrency Now Live

Non-Fungible Tokens in Vietnam

Non-fungible tokens (NFTs) or cryptographic tokens are unique digital signatures or tokens created by using blockchain technology, in particular using relevant platforms that operate on blockchains, which are used for certifying ownership of digital files of real or intangible assets. Cryptographic tokens represent a set of rules, encoded in a smart contract – the token [...]

By |2021-08-30T02:16:09+07:00August 30th, 2021|Banking and Finance, Intellectual Property, TMT-Technology, Media, Telecom|Comments Off on Non-Fungible Tokens in Vietnam
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