Vietnam's New Internet Law will make the Economy Lag
Vietnam's Ministry of Public Security (MoPS) believes that a draft cybersecurity law that requires all foreign online service providers (including Facebook, Google and Twitter) to store their Vietnamese users' data exclusively in Vietnamese data centers will pose serious threats to economic development. Specifically, the department argues that given Vietnam's relatively less-developed IT infrastructure and workforce, data localization would increase the chances of security breaches.
In addition, the department argues that data localization would be detrimental to data privacy, as government agencies could force tech firms to provide them with users' personal information. Even more, it notes that the proposed mandate would result in higher costs of doing business and an even more restricted flow of information.