Vietnam's data center and cloud service industry is
experiencing strong growth, with increasing demand and foreign and
domestic players eager to enter the market. Revenue in the
Vietnamese data center and cloud markets is projected to reach
US$1.73 billion1 and US$710.4 million2,
respectively, in 2023. However, the lack of a solid legal framework
in this area has caused difficulties for investors in their market
entry and operations. The government's legislative efforts,
which will be discussed in this article, may quickly change this
situation.
1. Current Position
The current legal framework for regulating data center and cloud
computing services in Vietnam is relatively underdeveloped. Data
center services are classified as conditional services under the
Law on Investment 2020, but there is no specific legislation. A
number of existing regulations, such as the Law on Information
Technology 2006 and the Law on Cybersecurity 2018, briefly mention
the liabilities
