The National Assembly (NA) Standing Committee continued its sixth session on September 23, discussing the draft Draft Law on Data Security and the draft Law on Electronic Identification and Authentication.

The green transition is truly meaningful only if it enables businesses to use resources more efficiently, reduce costs, and improve product quality.

Developing artificial intelligence (AI) models in Viet Nam requires large volumes of high-quality and diverse data. However, harnessing this resource raises concerns regarding intellectual property rights and the scope of lawful use of protected content.

Viet Nam has been gradually building a unified data space, expanding connectivity and data-sharing capabilities and enabling data to circulate more widely. Alongside efforts to perfect shared architecture and platforms and establish a framework for the data market, the key challenge is how to harness this resource safely and effectively to create value for governance, production, business and innovation.

In the digital era, data is present in almost every aspect of daily life, from healthcare, education, and transport to online public services. When standardised, connected, and effectively utilised, data not only helps improve services for citizens but also becomes a new resource for the digital economy.

In the banking and financial sector, data has become the “lifeblood” of the economy. From digitalised processes to digital-creation banking models, every activity revolves around the collection, analysis and utilisation of data. In this context, protecting personal data and combating fraud have become increasingly urgent priorities.

Data possesses distinctive economic attributes that change traditional growth logic and directly impact an economy’s endogenous capacity.

The world is shifting strongly from a management model based on knowledge and experience to a management model based on data. Data is not only a technical tool, but has become a “strategic resource”, a “foundation of soft power” in modern national governance.

Under the positive impact of economic recovery and digital transformation policies, 2025 recorded strong signals from the Vietnamese business community. According to statistics up to October 13, 2025, the whole country has more than 1 million active businesses, the highest number ever.

Data containing state secrets, when interconnected or synchronised, must be classified and encrypted using cryptographic security solutions according to their confidentiality level and processed on systems meeting the corresponding security requirements, as approved by the competent authority.