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

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!