1% of GDP may be affected if foreign firms forced to locate servers in VietnamVietNamNet Bridge - The data relocation and regulation that requires foreign firms to set up data centers in Vietnam remains the most controversial issue of the draft cybersecurity law. Some experts say data localization may not be good for network securityThe latest draft law doesn’t clearly state that businesses must have their servers in Vietnam, but says the data originating from Vietnam must be managed in Vietnam. Lawyer Nguyen Tien Lap from NHQuang & Associates Law Office referred to the enacted Law on Information Security to find similarities mentioned in both the law and the draft Cyber Security Law. The Draft Law on Cyber Security says Vietnam prioritizes supporting the network security related to socio-economic development, security, national defense and foreign affairs. The businesses providing network security products and services and anti-virus services will bear direct impact from the law.

Source: VietNamNet News May 16, 2018 03:45 UTC