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Domestic and international businesses in Vietnam are expected to enjoy more favourable data sharing and integration in 2023, as the country plans to make new moves to promote data flows and facilitate business.
The data must be stored for at least 24 months, and system logs for criminal investigation purposes must be stored for at least 12 months.
Military run telecoms group Viettel has just announced a plan to build the largest data center in Vietnam with a total investment of VND6,000 billion.
Data can be compared to a crude oil field, and the extraction and processing of it into energy is a matter of survival for businesses.
Deputy Minister of Information and Communications Pham Duc Long at the Vietnam Internet Day 2021 spoke on the topic "Recovery and breakthrough in the era of datafication".