Latest news with #LawonPersonalDataProtection
The Star
24-05-2025
- Business
- The Star
Vietnam warns of personal data 'black market', urges tough penalties
Minister Luong Tam Quang speaks at the NA session on Saturday. - Photo: VNA/VNS HANOI: The Ministry of Public Security on Saturday (May 24) called for strict penalties to prevent the emergence of a black market for personal data, warning that treating such data like ordinary goods could open the door to widespread cybercrime. Speaking during a National Assembly (NA) session, Public Security Minister Luong Tam Quang said the unauthorised trade in personal data had become a key factor behind large-scale fraud and asset theft cases uncovered by police. "Allowing the buying and selling of personal data is essentially allowing the trade of human rights and control over other persons' information," Luong told lawmakers. "Personal data is not an ordinary commodity; it's a special type of resource.' The comments came as legislators debated a draft Law on Personal Data Protection, which aims to plug legal gaps, strengthen oversight, and safeguard rights in the digital space amid rising concerns about data leaks and illegal usage. Several lawmakers noted that even seemingly harmless information, such as phone numbers or email addresses, could be collected and sold without consent, alongside more sensitive data like bank account details or medical records. The consequences, they said, were surging online scams and eroded public trust. NA Deputy Hoang Minh Hieu of Nghe An Province urged the Government to only define a list of 'sensitive personal data,' rather than both sensitive and basic data, saying this would make the law more practical and easier to apply. While most deputies agreed on the need to ban illegal data trading, some warned against sweeping restrictions. NA Deputy Nguyen Thi Viet Nga of Hai Duong said an outright ban with no reasonable exceptions could hinder enforcement and stifle emerging digital business models. NA Deputy Pham Van Hoa of Dong Thap echoed that view, arguing the law should only prohibit unlawful data transactions. "If it's my data, and I believe sharing it doesn't affect national defence or security, and it's not sensitive, then I should be allowed to sell it," he said. Quang, however, warned that lax internal controls in industries like banking, telecommunications, insurance, and electricity have enabled employees to extract accurate, real-time customer information and sell it to scammers. He said such practices fueled fraud schemes. "If we don't prohibit trading personal data like ordinary goods, and enforce strong penalties, we'll see the rise of black market activity with serious consequences for public safety," he said. The draft law has been updated to include provisions banning the use or sharing of personal data for unlawful purposes, including renting or lending data, or allowing one's own data to be used by others in illegal acts. - Vietnam News/ANN
Associated Press
18-02-2025
- Business
- Associated Press
Vietnam Data Center Market Investment Analysis & Growth Opportunities 2025-2030: Coverage of 26 Existing and 11 Upcoming Third-Party Data Center Facilities Across 4+ Cities in Vietnam
The 'Vietnam Data Center Market - Investment Analysis & Growth Opportunities 2025-2030" report has been added to offering. The Vietnamese Data Center Market was valued at USD 654 million in 2024, and is projected to reach USD 1.75 trillion by 2030, rising at a CAGR of 17.93%. KEY HIGHLIGHTS In 2024, Vietnam's data center market witnessed some new entrants such as Epsilon Telecommunication (KT Corporation), Gaw Capital, and Infracrowd Capital, which will further increase competitiveness in the market in the future and lead to increasing revenue generation for contractors and infrastructure vendors. The Vietnamese government aims to achieve net-zero carbon emissions by 2050. It also plans to increase the share of renewable energy in the country's energy mix to around 39% by 2030 as part of its sustainability goals. Data center operators are also aiming for sustainability. For instance, in April 2024, Viettel announced that it had launched its green AI-ready data center with a power capacity of around 30MW. The development of AI-ready data centers in the Vietnam data center industry is growing steadily. In April 2024, Viettel announced the launch of its green AI-ready data center in Vietnam with a power capacity of around 30MW. With the rising adoption of HPC technologies, the market is also expected to witness the adoption of liquid cooling solutions in the coming future. In November 2024, the Vietnam government announced that it had approved a new Law on Personal Data Protection. It will officially come into effect in the second half of 2025. In July 2024, the Vietnamese government introduced a law under which foreign investors can now fully own data centers in the country. KEY REPORT FEATURES Market size available in the investment, area, power capacity, and Vietnam colocation market revenue. An assessment of the data center investment in Vietnam by colocation, hyperscale, and enterprise operators. Data center investments in the area (square feet) and power capacity (MW) across cities in the country. A detailed study of the existing Vietnam data center market landscape, an in-depth industry analysis, and insightful predictions about the Vietnam data center market size during the forecast period. Snapshot of existing and upcoming third-party data center facilities in Vietnam Facilities Covered (Existing): 26 Facilities Identified (Upcoming): 11 Coverage: 4+ Cities Existing vs. Upcoming (Data Center Area) Existing vs. Upcoming (IT Load Capacity) Data center colocation market in Vietnam Colocation Market Revenue & Forecast (2021-2030) Retail vs Wholesale Colocation Market Revenue & Forecast (2021-2030) Retail & Wholesale Colocation Pricing The Vietnam data center landscape market investments are classified into IT, power, cooling, and general construction services with sizing and forecast. A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the market. Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the market. A transparent research methodology and the analysis of the demand and supply aspects of the market. EXISTING VS. UPCOMING DATA CENTERS Existing Facilities in the Region (Area and Power Capacity) Hanoi Ho Chi Minh City Other Cities List of Upcoming Facilities in the Region (Area and Power Capacity) Hanoi Ho Chi Minh City Other Cities VENDOR LANDSCAPE IT Infrastructure Providers Cisco Systems Dell Technologies Fujitsu Hewlett Packard Enterprise Huawei Technologies Hitachi Vantara IBM Internet Initiative Japan (IIJ) Juniper Networks Lenovo NetApp NEC Oracle Data Center Construction Contractors & Sub-Contractors Aurecon Archetype Group AWP Architects Apave Delta Group GreenViet Sato Kogyo USDC Technology Support Infrastructure Providers ABB Caterpillar Cummins Cyber Power Systems Delta Electronics Eaton Johnson Controls Fuji Electric Hitec Power Protection Rehlko Legrand Mitsubishi Electric Piller Power Systems Narada Rittal Schneider Electric STULZ Siemens TECO Electric & Machinery Trane Vertiv Data Center Investors CMC Telecom Edge Centres FPT Telecom Hanoi Telecom (ECODC) NTT DATA ST Telemedia Global Data Centres Viettel IDC VNPT VNTT New Entrants Epsilon Telecommunications (KT Corporation) Gaw Capital Infracrowd Capital KEY QUESTIONS ANSWERED How big is the Vietnam data center market? How many existing and upcoming data center facilities exist in Vietnam? How much MW of power capacity will be added across Vietnam during 2025-2030? What is the growth rate of the Vietnam data center market? What factors are driving the Vietnam data center market? Who are the key investors in the Vietnam data center market? Key Topics Covered: 1. Existing & Upcoming Third-Party Data Centers in the Vietnam 1.1. Historical Market Scenario 1.2. 26 Unique Data Center Properties 1.3. Data Center IT Load Capacity 1.4. Data Center White Floor Area Space 1.5. Existing vs. Upcoming Data Center Capacity by Cities 1.6. Cities Covered 1.6.1. Bangkok 1.6.2. Other Cities 1.7. List of Upcoming Data Center Projects 2. Investment Opportunities in Vietnam 2.1. Microeconomic & Macroeconomic Factors for the Vietnam Market 2.2. Investment Opportunities in the Vietnam 2.3. Digital Data in Vietnam 2.4. Investment by Area 2.5. Investment by Power Capacity 3. Data Center Colocation Market in Vietnam 3.1. Colocation Services Market in Vietnam 3.2. Retail vs Wholesale Data Center Colocation 3.3. Demand Across Several Industries in Vietnam 3.4. Colocation Pricing (Quarter Rack, Half Rack, Full Rack) & ADD-Ons 4. Market Dynamics 4.1. Market Trends 4.2. Market Enablers 4.3. Market Restraints 5. Market Segmentation 5.1. IT Infrastructure: Market Size & Forecast 5.2. Electrical Infrastructure: Market Size & Forecast 5.3. Mechanical Infrastructure: Market Size & Forecast 5.4. General Construction Services: Market Size & Forecast 5.5. Breakup of Construction Cost 5.6. Tier Standards Investment 5.6.1. Tier I & II 5.6.2. Tier III 5.6.3. Tier IV 6. Key Market Participants 6.1. IT Infrastructure Providers 6.2. Construction Contractors & Sub-Contractors 6.3. Support Infrastructure Providers 6.4. Data Center Investors 6.5. New Entrants For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on Laura Wood, Senior Press Manager For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 02/18/2025 07:49 AM/DISC: 02/18/2025 07:49 AM
