Vietnam sets digital economy strategy, tightens crypto rules

Homepage > News > Business > Vietnam sets digital economy strategy, tightens crypto rules Vietnam will go beyond digitalizing administrative records and procedures as it eyes to become one of the world’s top countries championing data governance, with Deputy Prime Minister Ho Quoc Dung ratifying the National Digital Transformation Strategy for 2026-2030, with a vision to 2045, in early July. Under Decision No. 1266/QD-TTg, as reported by Vietnamnet Global, the ambitious strategy will begin by overhauling the data ecosystem, with plans to develop integrated national databases, sector-specific networks, shared data platforms, and data warehouses—all adhering to the same technical standards. Along with this, Vietnam will work on improving its cybersecurity by establishing incident warning systems and data protection measures, as well as ensuring that data ownership will be upheld through the development of online monitoring tools, which citizens can use to track how their personal data is being utilized. To maintain data quality over time and reduce long-term costs in maintaining the data infrastructures, the government will mandate lifecycle management mechanisms for all nat...