Draft Guidance On Vietnam's New Data Law Open For Public Consultation

Following Vietnam's adoption of the new Law on Data ("Data Law") on November 30, 2024, there remained uncertainty as to what impact the new framework would have on businesses in Vietnam and abroad. The government has now released a package of four draft legal documents aimed at guiding the implementation of the Data Law: (1) a decree on the National Data Development Fund ("NDDF Decree"), (2) a decree related to regulations on scientific, technological, and innovation activities and data products and services ("Decree on Specific Activities"), (3) a decree detailing a number of articles and measures to implement the Data Law ("Implementation Decree"), and (4) a decision on the lists of important data and core data. This article will provide an overview of the draft legislation.