Draft Decree on Data Exchanges: Proposed Legal Framework for Data Transactions in Vietnam

The draft Decree on data exchange operations is currently open for consultation and proposes a framework for organizing, operating, and governing data transactions in Vietnam in a more transparent, controlled, and secure manner.

A notable feature of the draft is the proposed model consisting of a “National Data Exchange,” managed by National Data Center, and other data exchanges. All exchanges would be required to meet at least Level 3 information system security standards and maintain interoperability with the National Data Exchange.

The draft also introduces several key mechanisms:

• State-managed data is classified as public property.
• All data products and services must undergo mandatory review and assessment before being listed.
• Data transactions must be concluded through electronic contracts.
• Buyers may test data in a segregated and secure environment before completing a transaction, enabling them to assess data quality and develop analytics models, AI applications, or new products without copying or removing the original data from the exchange’s infrastructure.

The draft is still under consultation and could become Vietnam’s first comprehensive legal framework governing data transactions, while also establishing requirements on security, privacy, and accountability for all participating parties.

🔗 See more details here: Draft Decree on data exchange operations