Bloomberg Law
Jan. 3, 2019, 2:05 PM

Vietnam’s New Cyber Law Will ‘Chill’ Innovation, Investment: BSA

Nguyen Dieu Tu Uyen
Nguyen Dieu Tu Uyen
Bloomberg News

Vietnam’s Cybersecurity Law that went into effect Jan. 1 will “chill innovation and investments without meaningfully protecting against cybersecurity threats,” according to an emailed statement by BSA, which represents companies such as Adobe, Amazon Web Services, Apple, Microsoft, IBM.

  • Law imposes unnecessary data localization and local office requirements, and has overly-broad law enforcement access rules: statement
  • BSA acknowledges and recognizes the importance of a national cybersecurity strategy but requirements imposed by govt will not achieve this goal: statement
  • Govt needs flexible approach that accommodates a wide range of sectors and incorporates international data transfer mechanisms in existence today: statement
  • Govt ...