Vietnam’s AI and crypto sectors brace for impact as tighter regulations approach

[HO CHI MINH CITY] As Vietnam’s digital economy rapidly evolves, new and potential legislation on data protection and virtual assets could prompt artificial intelligence (AI) and blockchain innovators to slow down and proceed with caution.

This regulatory uncertainty could risk hindering technological advancement and deter investment in these sectors. 

Legitimate scientific research and innovative endeavours that rely on data may face obstacles, as there are now few scenarios where organisations are not required to obtain consent from data subjects, Baker McKenzie Vietnam’s head of intellectual property and technology Tran Manh Hung told The Business Times.