For years, Vietnam has been globally acknowledged as a nation of great potential for the advancement of the semiconductor chip industry, owing to its advantageous geographical position, political stability, and a reservoir of high-quality human resources.
The forthcoming legal framework on personal data protection means all domestic and foreign organisations processing personal information must handle sensitive individual personal information in a proper manner.
Last month the government in Vietnam finally issued Decree No.13/2023/ND-CP on personal data protection (PDP). The decree will take effect from July; however, micro, small, and medium-sized enterprises as well as startups (excluding data processing companies) are optionally exempted for two years.
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