The Ministry of Public Security is drafting a governmental decree on personal data protection in order to protect the legal rights and interests of individuals and organisations.
Vietnam is facing increasing cases of personal data theft, with more entities collecting, analysing and processing data for different purposes without notifying customers.
The ministry said that new services using personal information, such as online payments, e-commerce, games, cryptocurrency trading and multi-level businesses, have raised issues related to national security and social order and safety.
“Therefore, the development of a decree on personal data protection is needed, ” the ministry said.
It said that Vietnam's internet use is growing rapidly. The number of internet users accounts for about two thirds of the population, of which there are 58 million Facebook accounts and 62 million Google accounts.
Along with a large number of users, the amount of data generated also increased.
The ministry said that personal data is assessed as an input of the digital economy. Sectors and fields such as tax and e-commerce all use personal data to authenticate and identify users.
Last year, a bank in Vietnam exposed the personal data of more than two million customers.
In previous years, customer data of a series of large companies in the retail and aviation industries also fell into the hands of hackers. Vietnam is also the country with the highest number of individuals exposed in the Cambridge Analytica scandal.
Several companies were mentioned in the report regarding their data breaches, including the exposure of VNG Company’s 163 million customer accounts; Mobile World and Điện Máy Xanh’s breach including five million emails and tens of thousands of payment card numbers; and customer data of FPT Company was posted publicly online.
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