Creative Sol House

Vietnam’s Digital Future: New Regulations

Vietnam’s newly promulgated Decree 163 provides a legal framework for the country’s digital infrastructure development. The decree applies to Vietnamese and foreign organizations and individuals involved in telecommunications activities in Vietnam. It aims to promote the development of the telecom market and contribute to the growth of digital infrastructure.

Decree 163 introduces new provisions, including the management of mobile subscribers’ information and telecom market. It also regulates three new services: data centers, cloud computing, and telecom OTT. Foreign organizations providing these services are subject to “light management” principles. Wholly foreign-owned enterprises are allowed to provide data center and cloud computing services, aiming to attract investment and promote development.

Facebook
Twitter
LinkedIn

Leave a Comment

Dive Deeper into Similar Topics

Colombia’s Crypto Regulatory Push

Colombian lawmakers have introduced a new bill to regulate the country’s growing cryptocurrency industry, aiming to provide legal clarity and consumer protection. The proposed bill seeks to create rules that

Read More

Hong Kong’s Virtual Asset Rules

Hong Kong is considering new regulations to approve derivatives and margin lending for virtual assets, aiming to strengthen its position as a global hub for digital assets. The move is

Read More