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
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AI and the Law in Vietnam
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…
Challenges to a Global KYC Experience
Know Your Customer (KYC) is a major element of most countries’ anti-money laundering legislation. Vietnam is no exception. It has developed a comprehensive set of KYC regulations and have even extended the process to allow for digital KYC confirmation. And…
Blockchain Hacks and Axie Infinity
As I mentioned a couple of weeks ago, I thought I would dig into the cybersecurity element of blockchain. The big deal here, obviously, being the hack of Axie Infinity in March that netted the hackers over 600million USD in…
Draft Decree on Fintech Regulatory Sandbox
A couple of months ago, the government of Vietnam issued a second draft decree on implementation of the regulatory sandbox for financial technologies (Fintech). We have been looking for this for a long time and, I’m ashamed to say it,…
Axie Infinity and Dispute Resolution
This last week I gave a presentation for ASEAN Legal Alliance on NFTs, Axie Infinity, and the major problem digital assets present for national sovereigns. I’ve previously written in this space about the difficulty of the Metaverse being largely owned…
Vietnam’s International Commitments in Data Privacy
To finish up the rather long review of data privacy regulations in e-commerce, including data localitzation and cybersecurity issues, I thought I would share our overview we prepared of relevant commitments in these areas in international agreements to which Vietnam…
Blockchain Fraud and Vietnam
In a recent article in VN Express (see link here) the author discusses a recent trend in Vietnam for websites and apps to hop on the move 2 earn bandwagon in an effort to scam money from users before they…
Disclosure Requirements for Public Listing in Vietnam
For a brief moment I want to discuss the capital markets of Vietnam, mainly the stock market, and what a person can expect from a company prior to listing. The Law on Securities 2019, includes a list of certain requirements…
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…