The country is set to introduce major legislation on data protection and virtual assets to align with international standards
(HO CHI MINH CITY) As Vietnam’s digital economy rapidly evolves, new and potential legislation on data protection and virtual assets could prompt artificial intelligence (AI) and blockchain innovators to slow down and proceed with caution.
This regulatory uncertainty risks hampering technological progress and discouraging investment in these sectors.
Legitimate scientific research and innovative efforts that rely on data may face obstacles because there are now few scenarios in which organizations are not required to obtain consent from data subjects, said Tran Manh Hung, head of intellectual property and technology at Baker McKenzie Vietnam. The Business Times.
