#39: Vietnam’s First-Ever Personal Data Protection Decree: Opportunities and Challenges

27 Thg02, 24

Digitalization is becoming increasingly important in businesses to enhance flexibility and efficiency across the entire value chain. The pace of digital adoption, transformation, and delivery in recent years has accelerated exponentially. More and more businesses are applying digital practices and technology in their operations.

On April 17, 2023, the Vietnamese government issued the first-ever Personal Data Protection Decree (PDPD). This document consolidates and harmonizes Vietnam's various data protection laws, with the potential to align them with the EU's General Data Protection Regulation (GDPR), German Federal Data Protection Act (BDSG-neu), etc. standards.

Coming into force on July 1, 2023, the PDPD applies to both domestic and foreign individuals/entities that are directly or indirectly involved in personal data processing activities in Vietnam. Therefore, complying with legal regulations and data protection is not only minor risk management for businesses, but it also has significant implications for finance, legal issues, and taxes.

In today's podcast episode, our host Marko Walde, Chief Representative of the AHK in Vietnam, Myanmar, Cambodia, and Laos is delighted to welcome two experts to delve into this topic and discuss some helpful hints for businesses regarding the new decree:

· Johannes Klausch, Partner, LUTHER Law Vietnam

· Nguyen Minh Thoai, CEO, DIGI-TEXX Vietnam

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AHK Vietnam is your reliable partner in rolling out a strategic investment in Vietnam as well as developing your business endeavors within the Vietnamese market. We establish connections, provide practical advice, and assist you not only in optimizing opportunities but also in coping with challenges. Find us at vietnam.ahk.de/en/ for more details!

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