Latest news with #MinistryOfPublicSecurity
Reuters
16-07-2025
- Business
- Reuters
Vietnam's public security ministry takes stake in internet firm FPT Telecom
HANOI, July 16 (Reuters) - A majority stake in Vietnam's FPT Telecom, one of the country's largest internet providers, has been transferred to the Ministry of Public Security from a state-run investment corporation in an effort to boost national cybersecurity, the ministry said on Wednesday. Vietnam's State Capital Investment Corporation previously held 50.17% of FPT Telecom, while FPT Corp ( opens new tab, Vietnam's largest private tech company, had a 45.66% stake but retained control of the unit, according to FPT Telecom's financial statements for last year. The transfer is aimed at strengthening the ministry's capability to protect national security and ensure network and information security, the ministry said in a statement. It did not elaborate whether the ministry would take effective control of FPT Telecom. Wednesday's statement confirmed a Reuters report in April about the possible transfer. The ministry, which oversees the police, has become increasingly involved in Vietnam's internet and telecoms sector. It took control of the country's third-largest telecoms operator, MobiFone, last year and also spearheaded a tightening of data protection rules that has raised concerns among foreign tech firms. Shares in FPT Corp rose by 0.24% on Wednesday morning, while shares in FPT Telecom were also up slightly. In addition to providing internet services, FPT Telecom is involved in the development of undersea fibre-optic cables, which Communist-run Vietnam considers a national priority as most of its existing cables are ageing and prone to accidents.
Yahoo
16-07-2025
- Business
- Yahoo
Vietnam's public security ministry takes stake in internet firm FPT Telecom
HANOI (Reuters) -A majority stake in Vietnam's FPT Telecom, one of the country's largest internet providers, has been transferred to the Ministry of Public Security from a state-run investment corporation in an effort to boost national cybersecurity, the ministry said on Wednesday. Vietnam's State Capital Investment Corporation previously held 50.17% of FPT Telecom, while FPT Corp, Vietnam's largest private tech company, had a 45.66% stake but retained control of the unit, according to FPT Telecom's financial statements for last year. The transfer is aimed at strengthening the ministry's capability to protect national security and ensure network and information security, the ministry said in a statement. It did not elaborate whether the ministry would take effective control of FPT Telecom. Wednesday's statement confirmed a Reuters report in April about the possible transfer. The ministry, which oversees the police, has become increasingly involved in Vietnam's internet and telecoms sector. It took control of the country's third-largest telecoms operator, MobiFone, last year and also spearheaded a tightening of data protection rules that has raised concerns among foreign tech firms. Shares in FPT Corp rose by 0.24% on Wednesday morning, while shares in FPT Telecom were also up slightly. In addition to providing internet services, FPT Telecom is involved in the development of undersea fibre-optic cables, which Communist-run Vietnam considers a national priority as most of its existing cables are ageing and prone to accidents.
Yahoo
16-07-2025
- Business
- Yahoo
Vietnam's public security ministry takes stake in internet firm FPT Telecom
HANOI (Reuters) -A majority stake in Vietnam's FPT Telecom, one of the country's largest internet providers, has been transferred to the Ministry of Public Security from a state-run investment corporation in an effort to boost national cybersecurity, the ministry said on Wednesday. Vietnam's State Capital Investment Corporation previously held 50.17% of FPT Telecom, while FPT Corp, Vietnam's largest private tech company, had a 45.66% stake but retained control of the unit, according to FPT Telecom's financial statements for last year. The transfer is aimed at strengthening the ministry's capability to protect national security and ensure network and information security, the ministry said in a statement. It did not elaborate whether the ministry would take effective control of FPT Telecom. Wednesday's statement confirmed a Reuters report in April about the possible transfer. The ministry, which oversees the police, has become increasingly involved in Vietnam's internet and telecoms sector. It took control of the country's third-largest telecoms operator, MobiFone, last year and also spearheaded a tightening of data protection rules that has raised concerns among foreign tech firms. Shares in FPT Corp rose by 0.24% on Wednesday morning, while shares in FPT Telecom were also up slightly. In addition to providing internet services, FPT Telecom is involved in the development of undersea fibre-optic cables, which Communist-run Vietnam considers a national priority as most of its existing cables are ageing and prone to accidents. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
15-07-2025
- Business
- South China Morning Post
China rolls out ‘voluntary' cyber ID system amid concerns over privacy, censorship
China has officially introduced a controversial national cyber ID system, despite concerns from some experts and netizens over privacy and censorship. The system aims to 'protect the security of citizens' identity information', according to regulations that went into effect on Tuesday, backed by the Ministry of Public Security, the Cyberspace Administration of China, and four other authorities. The app, whose beta version was launched last year, issues an encrypted virtual ID composed of random letters and digits so the person's real name and ID number are not given to websites when verifying accounts. So far, it is not-mandatory for internet users to apply for the cyber ID. Starting in 2017, Beijing started ordering online platforms to adopt real-name registration for applications such as instant messaging, microblogs, online forums and other websites that ask netizens to submit their ID numbers. Separately, official ID has been required to register a mobile phone number in China since 2010. Photo: Shutterstock Images The new virtual ID scheme has been in the beta stage since a draft regulation was launched in July last year. Dozens of widely used apps – including Tencent Holdings ' WeChat, Alibaba Group Holding 's Taobao and Tmall, and ByteDance -owned Douyin – have since allowed account authentication via virtual ID. The final version of the regulation was released in May without significant changes. Alibaba, Tencent and ByteDance did not immediately respond to a request for comment on Tuesday. Alibaba owns the South China Morning Post.
Coin Geek
07-07-2025
- Business
- Coin Geek
Digital ID adoption gathers steam in Vietnam, PNG
Getting your Trinity Audio player ready... Foreigners in Vietnam can now access national digital IDs, allowing them access to a range of government-backed and private services. While Vietnam has its national digital ID system for residents, authorities are keen on rolling out a similar service for foreign residents. Vietnam's Ministry of Public Security has announced a 50-day campaign to accelerate the usage and onboard a large number of foreigners to the digital ID platform. The campaign kicked off on July 1 and will run until August 19, with the ministry unveiling a raft of benefits for foreigners using the digital ID, including completing a range of administrative tasks without the requirement of presenting physical documents for verification. The digital IDs will also allow foreigners to access financial services from local banks, providing access to rental registrations and other public services. The report hints at integrating the digital ID system for foreigners and the VNeID app, supporting a broad range of local IDs. On the government side, the new digital IDs for foreigners will support immigration verification and residency management. Furthermore, authorities say the system will enable agencies to protect foreigners while supporting the issuance of penalties for rule violations. Despite the digital nature of the ID system, foreigners will have to formally apply to the Immigration Department and the Department of Administrative Management on Social Order in person. Applicants will present their passports and other valid travel documents, provide an official mobile phone number, and undergo biometric verification. However, foreigners under the age of 14 will be required to provide a guardian before receiving the digital ID. These steps are an added layer of protection for residents, previously mandated facial recognition for digital payments above $300. Sources said the process takes seven days before final results are sent to the VNeID app. Despite the seemingly complex process, authorities said it is free of charge and forms part of modernizing Vietnam's public systems. The Southeast Asian country has not hidden its digitization ambitions, clearly intending to integrate emerging technologies into its operations. Although blockchain is often seen as the easiest option, Vietnam has made significant strides in adopting artificial intelligence (AI) technology. In other news, Papua New Guinea is keen on smoothing its national digital identity system rollout, turning to regional partnerships and collaborations for guidance. According to a report, PNG has inked a partnership with Australia, tapping the regional economic giant to support its digital ID ambitions. Representatives of both countries met in the Australian capital of Canberra to discuss PNG's digital ID rollout and areas requiring heightened collaboration. The PNG delegation, led by ICT Minister Timothy Masiu, met with his Australian counterpart to explore technical standards and use cases for its digital ID system. The tiny Asia-Pacific nation is eyeing the rollout of SevisPass, its attempt at a national ID system, mirroring Australia's versions. During their discussions, Masiu highlighted to the Australian officials that PNG's digital ID system is intended to be widely applicable across the public and private sectors. Particularly, PNG is eyeing utility in social welfare, finance, healthcare, and education verticals, allowing citizens to identify themselves without physical documents. The Australian delegation pledged to support PNG's SevisPass with digital infrastructure development, cybersecurity, and cloud migration support. Australia will also provide policy support for PNG's digital ID push, building on a long streak of collaboration between the two entities. Both nations have inked bilateral deals in security, health, and public infrastructure verticals, extending their regional cooperation for over 40 years. 'Our focus is building secure, inclusive, and efficient digital services, and we are working towards a converged Memorandum of Understanding on Digital Development that will align our efforts with Australia across multiple domains,' said Masiu. The ICT minister revealed that key processes are in place for the rollout of a digital ID system. He also confirmed that a digital ID policy document containing an implementation strategy and long-term road map is inching its way through the national legislative house. Countries are rapidly advancing their digital ID systems, citing their perks in fraud prevention and economic inclusion as a major reason. Guinea Bissau, Liberia, and the PNG are the latest to signal a drive to roll out their national digital ID systems, following the lead of industry first movers. In South Korea, the government is launching a digital ID for people with disabilities, while Malaysia is rolling out a mobile app for seamless integration. On the African continent, Nigeria and Zambia are leading the charge, but Ethiopia and Namibia are keen on launching their offerings as well. Watch: Why using transparent ledger for digital identity ensures trust title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen>
