Complying with Vietnam’s Personal Data Protection Decree
Published: May 2024This report dives into the respective regulations that encompass Vietnam's personal data protection regime, with particular emphasis on the Personal Data Protection Decree. As the country’s legal landscape evolves in this domain, we offer insightful guidance and compliance advisory for businesses that collect, process, use, or manage personal information of Vietnamese citizens or whose enterprises could be exposed to cybersecurity risks associated with personal data.
As Vietnam's data economy undergoes a significant transformation, businesses operating in sectors such as e-commerce, fintech, healthcare technology, and smart production are adapting to capitalize on emerging opportunities.
Alongside these investments, however, it is necessary to stay up to date on the country's regulations on digital access, protection of personal data, and the compliance obligations around these. Not doing so will expose businesses to penalties and reputational damage as the government and consumers are increasingly wary of the dilution of control over personal data.
Vietnam has a high adoption rate of internet usage, and its population are prolific social media users, which is why regulations to protect personal data may see continued updates in coming years.
In this issue of Vietnam Briefing magazine, we discuss Vietnam’s data protection regime, pertinent rules and regulations, and expected reforms. We also discuss how enterprises in Vietnam can prepare for compliance with the Decree on Personal Data Protection (PDP). Finally, we compare Vietnam’s PDP obligations with the European Union’s General Data Protection Regulation (GDPR).
Given the scope of this magazine, the content provided offers a brief overview. For a comprehensive understanding of Vietnam’s data privacy legislation, legal landscape, and business risk assessment, please reach out to our experts at vietnam@dezshira.com.
Inside this report:
- Existing Regulation on Personal Data Protection in Vietnam P.04
- How Businesses Can be Compliant Under Vietnam’s PDPD Regime P.08
- Comparing the PDP Decree with the EU’s GDPR P.14