Tuesday, 08/09/2026
   

VNBA seeks members' opinions on draft Decrees detailing the Data Law

The Vietnam Bank Association (VNBA) has just sent an official dispatch to the General Directors of member organizations to solicit opinions on the draft Decrees detailing the Data Law.

VNBA seeks members' opinions on draft Decrees detailing the Data Law

According to Official Dispatch No. 77/CNTT5 dated January 17, 2025 of the Department of Information Technology - State Bank of Vietnam on soliciting opinions on 03 Draft Decrees of the Government detailing the Law on Data: (1) Draft Decree detailing a number of articles and measures for implementing the Law on Data; (2) Draft Decree regulating the National Data Development Fund; (3) Draft Decree regulating scientific, technological, innovation activities and data products and services.

The Ministry of Public Security said that the draft Decree on the Law on Data aims to complete the legal framework for the construction, development, protection, administration, processing, and use of digital data, the National Data Center, the National General Database, and state management of digital data. At the same time, it aims to ensure the rights, obligations and responsibilities of agencies, organizations and individuals related to digital data activities to create unity, synchronization and effective use of data to serve state management and serve the development of digital government as well as reform, reduce administrative procedures and develop socio-economy.

In addition, it ensures feasibility and effectiveness, meeting the guidelines and policies related to digital transformation of the Party and State and the integration requirements of Vietnam with countries in the region and the world. Institutionalize and perfect the legal corridor to promote digital transformation, develop and effectively exploit the National General Database, develop digital government, digital economy and digital society.

Accordingly, the draft Decree on the Data Law has 05 Chapters with 30 Articles, specifically: Chapter I, general provisions including 02 Articles (from Article 1 to Article 2) stipulates the scope of regulation and applicable subjects.

Chapter II on data processing activities includes 10 articles (from Article 3 to Article 12) regulating criteria for determining important data; criteria for determining core data; data storage activities; data access and retrieval; supporting data owners in connecting and sharing data with state agencies; providing data to state agencies; data confirmation and authentication; data disclosure; data encryption and decryption; cross-border data transfer and processing; other activities in data processing.

Chapter III, on data administration, management and protection includes 03 articles (from Article 14 to Article 16) regulating data administration and management; determining and managing risks arising in data processing; data protection.

Chapter IV, on the National Data Center, the National General Database, consists of 06 articles (from Article 17 to Article 22) regulating the infrastructure of the National Data Center; the responsibilities of the National Data Center, ensuring resources, developing the National Data Center; exploiting and using the National General Database; connecting and sharing data with the National General Database; providing data to the National General Database. Chapter V, on the implementation provisions, consists of 9 articles (from Article 23 to Article 31) regulating the effective date of the implementation; the responsibilities of the Ministry of Public Security, the responsibilities of the Ministry of Information and Communications; the responsibilities of the Ministry of National Defense; the responsibilities of the Ministry of Science and Technology; the responsibilities of the Ministry of Home Affairs; the responsibilities of the Government Office; the responsibilities of the Government Cipher Committee; the responsibilities of ministries, ministerial-level agencies, government agencies and People's Committees of provinces and centrally run cities.

VNBA requests member organizations to provide comments on these 03 draft Decrees.

Please send your comments (including word files) to the Vietnam Banks Association via email: thuptm.vnba@gmail.com before January 22, 2025; Mobile: 0339.120.916 - Ms. Minh Thu).

VNBA News

  • Service segment becomes key sustainable profit source for banks

    Service segment becomes key sustainable profit source for banks

    Focusing on payment services, digital banking, bancassurance and wealth management is key for banks to maintain their competitive edge.

  • Banking Sector Digital Transformation Event 2026 to take place in Hanoi

    Banking Sector Digital Transformation Event 2026 to take place in Hanoi

    On August 11, 2026, in Hanoi, State Bank of Vietnam (SBV) held a press conference to announce the Banking Sector Digital Transformation Event 2026. This year's event is themed “Smart Banking in the Era of Data and AI", with the overarching message "Data leads the way, AI drives progress, banks build the digital ecosystem". The press conference was jointly chaired by leaders of the Payment Department, the Information Technology Department, and the Banking Times.

  • Shinhan Bank and Visa Launch Click to Pay, Enhancing the Online Payment Experience

    Shinhan Bank and Visa Launch Click to Pay, Enhancing the Online Payment Experience

    Ho Chi Minh City, August 28, 2026 – Shinhan Bank Vietnam Limited ("Shinhan Bank") in collaboration with Visa (“Visa”), has launched Click to Pay, a modern online payment solution that enables Shinhan Visa cardholders to make payments quickly, conveniently and securely without having to re-enter their card details for every transaction.

  • Shinhan Bank Vietnam Expands Foreign Exchange Financial Solutions for Customers

    Shinhan Bank Vietnam Expands Foreign Exchange Financial Solutions for Customers

    Shinhan Bank Vietnam recently hosted a seminar on the economy and the foreign exchange market for Private Wealth Management (PWM) clients in Hanoi on August 11, 2026, attracting nearly 100 attendees. The event aligns with the bank's strategic roadmap to expand financial solutions tied to foreign exchange, trade, and supply chains.

  • The Banking sector rolls out credit program targeting economic growth drivers and SMEs

    The Banking sector rolls out credit program targeting economic growth drivers and SMEs

    The State Bank of Vietnam (SBV) recently issued Document No. 7125/NHNN-TD, dated August 7, 2026, addressed to commercial banks and SBV regional branches regarding the implementation of a credit program aimed at economic growth drivers and small and medium-sized enterprises (SMEs).

  • Prime Minister holds a working session with the State Bank of Vietnam and the system of credit institutions

    Prime Minister holds a working session with the State Bank of Vietnam and the system of credit institutions

    On the morning of August 13, 2026, at the Government Headquarters, Prime Minister Le Minh Hung chaired a strategic conference with the State Bank of Vietnam (SBV) and the system of credit institutions. The event aimed not only to assess the monetary landscape of the first seven months of the year, but also to chart the course for macroeconomic management, unlock capital resources, and elevate the operational quality of the financial system ahead of new economic challenges.

  • Data governance is the "key" to AI creating real value

    Data governance is the "key" to AI creating real value

    Data quality and governance capabilities are the decisive factors in the effective application of artificial intelligence (AI) in the banking industry – This was the message emphasized by Dr. Dao Minh Tu, Vice Chairman cum General Secretary of the Vietnam Banks Association (VNBA), at the seminar "AI and Data Governance in Banking Operations" on August 5, 2026.

  • Temenos Asia-Pacific Forum 2026

    Temenos Asia-Pacific Forum 2026

    On August 25-26, 2026, in Hanoi, the “Temenos Asia-Pacific Forum 2026 (TRF’26 APAC)” will officially take place to update on development trends, digital transformation strategies, and advanced technologies in the finance and banking sector; and to share international experiences on the application of artificial intelligence (AI) in product and service development and improving the operational efficiency of financial institutions.

  • Implement a comprehensive set of solutions to enhance access to credit for businesses

    Implement a comprehensive set of solutions to enhance access to credit for businesses

    On the morning of August 10, at the Government Headquarters, Deputy Prime Minister Nguyen Van Thang chaired a strategic summit with the State Bank of Vietnam (SBV), ministries, local authorities, and the business community to redefine the role of credit and systematically dismantle capital constraints.

  • Eight key solution groups in the overall reform of Vietnam's financial market.

    Eight key solution groups in the overall reform of Vietnam's financial market.

    Deputy Prime Minister Nguyen Van Thang recently signed Decision No. 1413/QD-TTg dated July 27, 2026, approving the Comprehensive Reform Plan for Vietnam's Financial Market, linked to achieving high and sustained growth targets until 2045 (the Plan).

Calculate deposit interest
VNĐ
%/year
month
Calculate deposit interest

Loan calculation
VNĐ
%/year
month
Loan calculation