Asia Pacific: Vietnam to Propose Updates to Regulations On Civil Encryption Products
Import and Trade Remedies
AUGUST 27, 2024
58/2016/ND-CP and its amendments related to cyber information security, including the export/import of civil encryption products (referred to as the “Draft Decree”). Monetary Fines and Penalties: The maximum monetary fine is set at VND 200 million, which is four times the threshold in Decree No. 58/2016/ND-CP.
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