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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 […] The post Electronic IDs in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
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, […] The post The Vietnam National Innovation Center appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
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 […] The post Cybersecurity for Online Payment Services in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
The following article is vital to understanding the future of Covid-19 vaccines in Vietnam and was published in the Vietnam Investment Review on 17 June 2021. By Nguyen Thi Hong Anh and Ly Nghia Dzung Indochine Counsel Amid growing coronavirus cases from the latest outbreak in the country, the Vietnamese government is taking measures to […] The post Vietnamese policy for emergency vaccine imports appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
The following article was written by our partner in charge of intellectual property and technology, Nguyen Thi Hong Anh and published in the Vietnam Investment Review website on 23 June 2021. No doubt intellectual property is an extremely important asset of business entities. Good strategies for the protection and enforcement of intellectual property rights (IPRs) […] The post Adding Intellectual Property Rights as Key Value for Startups appeared first on ‎Vietnamese Law Blog | Indochine
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 […] The post El-Salvador, Cryptocurrency, and Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
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 […] The post New Online Advertising Restrictions in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
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 […] The post Debt Recovery in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
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 […] The post Personal Data Leaks in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…