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Structured register of government actions in the geoeconomic space — export controls, tariffs, sanctions, FDI screening, subsidies, industrial-policy laws — cross-referenced into the country, minerals, and ETF surface. Charter: docs/IPTM_CHARTER.md.
Severity 1-5 is the qualitative impact rating (1=minor, 5=structural). The bilateral-trade-grounded quant scorer is the next IPTM milestone. RBI (Register Breadth Index) is a complementary structural-breadth indicator from scripts/py/iptm/breadth.py; divergence between RBI and severity is itself informative (high-sev / low-RBI = strategic chokepoint; low-sev / high-RBI = broad but shallow). Every action has at least one primary source URL. Verify-or-don't-file. See also themes, timeline, graph, sankey, map, country exposure, sector exposure, material exposure (+ graph), weekly briefs, portfolio scan, escalation monitor, trans-shipment hubs. Internal triage tools (RSS-poller candidate feed, source-feed health) live under /admin/candidates + /admin/sources. Subscribe via Atom feed (accepts ?country=CN, ?material=lithium, ?issuer=BIS, ?type=export_control, ?etf=SOXX, ?company=NVDA, ?minSeverity=4, ?year=2026, ?q=…) or pull /api/iptm/actions.
Prime Minister Phạm Minh Chính issued Directive 38/CĐ-TTg on 5 May 2026, mobilising a cross-ministerial enforcement campaign against intellectual property infringement running 7–30 May 2026 with a 31 May reporting deadline. The directive explicitly responds to the USTR 2026 Special 301 designation of Vietnam as a Priority Foreign Country — the first such designation in eleven years — which triggers a statutory 30-day window for USTR to decide whether to open a Section 301 investigation. Ministries of Public Security, Industry and Trade (Market Surveillance), Information and Communications, and Culture are mobilised for coordinated raids targeting counterfeit-goods exporters, pirated-content platforms, and software-copyright violators, with the Prime Minister signalling enforcement will be permanent rather than a one-off campaign.
On 2 April 2026, Vietnam's Ministry of Industry and Trade signed Decision 612/QĐ-BCT imposing a provisional anti-circumvention duty of 27.83% on hot-rolled steel coil/sheet (HRC) imports from China in widths above 1,880mm up to 2,300mm (thickness 1.2-25.4mm, ~24 HS codes under HS 7208 and 7226), effective 17 April 2026. The Trade Remedies Authority of Vietnam found that Chinese exporters were widening HRC coils beyond the 1,880mm ceiling of Vietnam's existing definitive anti-dumping measure (Decision 1959/QĐ-BCT, case AD20) specifically to evade that duty, and the new measure extends the same 27.83% rate to the wider product range under a distinct anti-circumvention investigation (case AC03.AD20, initiated via Decision 3176/QĐ-BCT on 27 October 2025).
On 31 March 2026 the Government of Vietnam issued Decree 96/2026/ND-CP, the principal implementing decree for the Law on Investment 2025 (Law 143/2025/QH15). It takes effect on its signing date and replaces Decree 31/2021/ND-CP, Decree 19/2025/ND-CP and Decree 239/2025/ND-CP — the first comprehensive overhaul of Vietnam's general FDI-licensing framework since 2021. The decree operationalises the new Special Investment Procedure (a registration-and-commitment fast-track in industrial parks, export-processing zones, hi-tech parks, concentrated digital- technology zones, free-trade zones, international financial centres and economic-zone functional areas) and details the list of 16 specially-incentivised sectors covering semiconductor and chip manufacturing, AI, big data, digital technology and high-tech R&D. It also rewrites foreign-investor market-access conditions, document procedures and dispute / grievance mechanisms.
On 26 January 2026 Vietnam's Ministry of Industry and Trade issued Circular No. 04/2026/TT-BCT, setting the 2026 in-quota tariff-rate quota (TRQ) for raw-tobacco imports (HS 2401) at 79,199 tonnes, a roughly 5% increase over the 2025 quota of 75,427 tonnes. The circular took effect 15 March 2026 and runs through 31 December 2026, with allocation administered via import licences under Decree No. 69/2018/NĐ-CP and Circular No. 12/2018/TT-BCT. The annual increase follows Vietnam's WTO tariff-rate-quota commitment schedule for raw tobacco rather than a discretionary policy shift.
On 19 January 2026 the Government of Vietnam issued Decree No. 29/2026/ND-CP, establishing the regulatory architecture for Vietnam's first domestic carbon trading exchange. The decree (6 chapters, 35 articles) governs registration, domestic coding, ownership transfer, custody, trading and settlement of greenhouse gas (GHG) emission quotas and eligible carbon credits. The Hanoi Stock Exchange (HNX) operates the trading platform and the Vietnam Securities Depository and Clearing Corporation (VSDC) handles registration, custody and settlement, with a pilot phase running through 31 December 2028 (no exchange-services fee) ahead of full commercialisation from 1 January 2029.
On 15 January 2026 the Government of Vietnam issued Decree No. 20/2026/ND-CP, providing detailed implementing regulations for National Assembly Resolution 198/2025/QH15 (17 May 2025) on special mechanisms and policies for the development of the private economic sector. The decree (6 chapters, 17 articles) introduces a synchronized incentive framework covering corporate and personal income tax exemptions, land-access support, science/technology and digital transformation support, and human-resource training. SMEs registering for the first time are exempt from corporate income tax for three consecutive years; innovative startups receive a full CIT exemption for two years followed by a 50% reduction for four years; eligible experts and scientists at innovative startups, R&D centers, and intermediary organizations receive a personal income tax exemption for two years followed by a 50% reduction for four years. The decree took effect on the date of signature, with CIT/PIT incentive provisions retroactively applicable from 17 May 2025 (the effective date of Resolution 198/2025/QH15).
Decree 353/2025/NĐ-CP is the principal implementing instrument of Vietnam's Law on Digital Technology Industry (Law No. 71/2025/QH15), effective 1 January 2026 — the same date as the parent statute. The decree's five chapters and 36 articles operationalise three pillars: (i) a comprehensive State-support and preferential-incentive framework for products, services, and infrastructure across the semiconductor, AI, cloud, fintech, and e-commerce sectors; (ii) a high-quality-human-resources development framework covering training funds, scholarship schemes, and foreign-expert visa fast-tracks; and (iii) Vietnam's first statutory innovation sandbox, allowing organisations to deploy new digital products and business models under time- and scope-limited regulatory carve-outs where current law has not kept pace with practice.
On 24 December 2025 the Minister of Science and Technology signed Decision No. 4386/QĐ-BKHCN defining the functions, tasks, and organisational structure of the Vietnam National Multi-Project Wafer Coordination Centre (VNMPW/CC). The Centre sits under MOST's Authority of Information Technology Industry and acts as a coordinating hub between domestic chip-design firms, research institutes, and domestic / foreign fabrication and packaging partners. It provides shared EDA software access, IP libraries, technical design verification, performance measurement, training programmes, and pilot-production (MPW shuttle) support — the first concrete institutional node operationalising Vietnam's 2024 semiconductor strategy (Decision 1018/QĐ-TTg).
Vietnam's 15th National Assembly adopted Law No. 147/2025/QH15 ("Law amending and supplementing some articles of the Law on Geology and Minerals") on 11 December 2025 by 421 of 432 deputies in favour (89.01%), at the 10th session, with effect from 1 January 2026. The amendment slots a dedicated rare-earth framework into the parent Law No. 54/2024/QH15, classifying rare earths as "special strategic" minerals subject to strict state management. Raw rare-earth ore export is prohibited; only state-designated or state-approved enterprises may explore, exploit, process and use rare earths; all activity must conform to a national rare-earth strategy and master plan. The state centralises geological data, regulates rare-earth import/export flows according to national needs, and builds strategic stockpiles. The amendment converts the 2024 framework law's general domestic-supply priority into an explicit raw-export ban for the world's second-largest known rare-earth resource holder.
Vietnam's 15th National Assembly adopted the Law on Investment 2025 (Law No. 143/2025/QH15) at its 10th session on 11 December 2025, effective 1 March 2026. The law replaces the 2020 Law on Investment (Law 61/2020/QH14) as the umbrella FDI framework. Article 19 lets foreign investors establish enterprises in Vietnam without a prior investment project, unlocking holding-company / regional-headquarters structures. A fast-track Special Investment Procedure (SIP) covers industrial parks, export-processing zones, hi-tech parks, concentrated digital-technology zones, free-trade zones, international financial centres and economic-zone functional areas, targeting semiconductor, data-centre and 5G/digital-infrastructure capex. Appendix IV abolishes 38 conditional business sectors and adjusts 20 others (from 1 July 2026 only 199 conditional sectors remain). Operationalised by Decree 96/2026/ND-CP (issued and effective 31 March 2026) and Decree 103/2026/ND-CP for outbound investment.
On 10 December 2025 the National Assembly of Vietnam adopted Law No. 134/2025/QH15 on Artificial Intelligence (8 chapters, 35 articles), Vietnam's first dedicated AI statutory framework and one of the first comprehensive horizontal AI laws in Southeast Asia. The law establishes a three-tier risk-based regulatory architecture (high / medium / low) for the research, development, provision, deployment, and use of AI systems; defines the rights and obligations of providers, deployers, importers, distributors, and users; and mandates state oversight via the Ministry of Information & Communications and Ministry of Science & Technology. Prohibited acts include systematic deception, manipulation of human perception, generation of fake content endangering national security, exploitation of vulnerable populations, and obstruction of human-supervision mechanisms. The law applies to Vietnamese agencies, organizations, and individuals as well as foreign organizations and individuals involved in AI-related activities in Vietnam, taking effect 1 March 2026 with 12-18 month transition windows for existing systems depending on sector.
Vietnam's National Assembly passed Law on Cybersecurity No. 116/2025/QH15 on 10 December 2025 (434 of 443 deputies in favour), effective 1 July 2026. The law supersedes both the 2018 Cybersecurity Law (Law 24/2018/QH14) and the 2015 Law on Cyber Information Security, consolidating cybersecurity, cyber-information-security, and network-information-security into a unified Ministry of Public Security-led framework. It retains data-localization obligations for foreign digital-service providers handling personal data, user-generated content, and relationship graphs of Vietnamese users (minimum 24-month retention), introduces 6-hour urgent / 24-hour standard content take-down windows on MPS request, expressly prohibits AI/deepfake forgery of images, voices, and videos for illegal purposes, and mandates child-safety platform measures.
On 10 October 2025 Vietnam's Government issued Decree No. 259/2025/NĐ-CP, establishing the country's first comprehensive statutory framework for strategic trade control — covering the export, temporary import for re-export, transshipment, transit, and cross-border trade of strategic goods defined as: (a) WMD-related items, (b) conventional weapons, and (c) dual-use goods spanning nuclear, electronics, telecommunications, sensors, aviation, maritime, aerospace, biochemical, metals, and chemical categories. The decree creates a Ministry of Industry and Trade (MoIT) licensing regime with an ICP (Internal Compliance Programme) fast-track for certified exporters of two or more years' standing, and includes catch-all provisions requiring licensing even for unlisted goods where WMD end-use or a designated end-user is suspected. Structurally, the decree represents Vietnam's transition from ad-hoc export-management provisions under legacy Decree 69/2018/NĐ-CP to a unified strategic-trade-control architecture analytically aligned with the Wassenaar Arrangement, Australia Group, Nuclear Suppliers Group, and MTCR control-list architecture. It positions Vietnam as a compliant strategic-goods manufacturing hub within the US-led friend-shoring supply chain, directly preceding the US announcement in February 2026 of Vietnam's removal from EAR Country Groups D:1–D:3.
On 30 September 2025, Vietnam Development Bank (VDB) — the state policy bank — signed a strategic cooperation agreement with two major private conglomerates, Son Hai Group and Truong Hai Group (Truong Hai Auto Corporation / THACO), committing up to VND 100 trillion (~USD 3.8 billion) in credit financing over 2025-2030 for national transport-infrastructure projects. The same signing event executed a specific credit contract under which VDB's Dak Lak branch finances up to VND 4.975 trillion of the VND 8.4 trillion Dau Giay-Tan Phu Expressway (part of the Eastern North-South Expressway corridor linking Ho Chi Minh City, Dong Nai, Lam Dong and the Central Highlands). The arrangement channels concessional state development-bank credit to two designated national champions for long-term infrastructure build-out.
On 23 July 2025, the Quang Binh Branch of the Vietnam Development Bank (VDB) signed an investment credit loan agreement with Hon La Port Joint Stock Company for VND 818.651 billion (~USD 31.2 million), financing part of the VND 2,299 billion Hon La International General Port Project in Dong Hoi City, Quang Binh Province. The loan carries a 20-year term and finances a two-phase, 39.22-hectare port development with four berths for vessels up to 70,000 DWT, intended to serve the Hon La Economic Zone and regional transshipment needs.
Vietnam's government issued Decree 199/2025/NĐ-CP on 8 July 2025, amending Decree 26/2023/NĐ-CP's Export Tariff and Preferential Import Tariff Schedules. The headline change is a staged export-tax increase on yellow phosphorus, from 5% currently to 10% effective 1 January 2026 and 15% effective 1 January 2027 — a resource-nationalism measure to discourage raw export of an input used in electronics, agrochemical, and specialty- chemical production. The decree also narrows the 0% preferential import tariff window for tin-mill blackplate (TMBP) steel to end-August 2025 and adjusts minimum-production-volume conditions for the auto-parts tariff incentive programme covering electric, hybrid, and fuel-cell vehicle manufacturing/assembly.
Vietnam's Ministry of Industry and Trade (MoIT), acting through the Trade Remedies Authority of Vietnam (TRAV), issued Decision 1959/QĐ-BCT on 4 July 2025, imposing definitive anti-dumping duties of 23.10%–27.83% on imports of certain hot-rolled steel coils (HRC) of width up to 1,880 mm originating in China. The measure covers the definitive phase of case AD20, remains in force for five years (to ~July 2030), and simultaneously terminated the parallel investigation on Indian-origin HRC (no duties on India). The same date saw Decision 1958/QĐ-BCT reject a Chinese producer price undertaking proposal.
Vietnam's Government adopted Decree 193/2025/ND-CP on 2 July 2025 (effective retroactively from 1 July 2025) as the primary operational statute elaborating the Law on Geology and Minerals No. 54/2024/QH15. The decree decentralises licensing for most mineral categories to provincial People's Committees while preserving central Ministry of Agriculture and Environment (MAE) authority over strategic and critical minerals, including rare earths, gold, uranium, and thorium. It codifies a three-tier Group I/II/III mineral classification, imposes a 100% financial-capacity bond requirement for exploration licences, sets a 40-working-day processing deadline, and defines the closed-enterprise framework that makes Vietnam's 1 January 2026 raw rare-earth export ban operationally enforceable through a Prime-Minister-designated list of licensed enterprises.
Vietnam's government issued Decree No. 160/2025/ND-CP establishing the National Data Development Fund, a non-budget state financial fund capitalised at VND 1 trillion (approx. USD 38.3 million). The fund, administered by the Ministry of Public Security, provides subsidised loans, interest-payment support, and grants — delegated through state-owned commercial and policy banks — to develop and protect data infrastructure and to support AI, big data, cloud computing, blockchain, and IoT projects serving state management and digital-transformation goals, with priority for rural and disadvantaged regions. The decree took effect 1 July 2025.
The National Assembly of Vietnam passed the Personal Data Protection Law (Luật Bảo vệ dữ liệu cá nhân), Law No. 91/2025/QH15, on 26 June 2025; it enters into force on 1 January 2026. The PDPL is Vietnam's first statutory (rather than decree-level) personal-data-protection framework, elevating the prior Decree 13/2023/ND-CP (PDPD) regime into a 5-chapter, 39-article primary statute and adding revenue-based administrative penalties of up to 5% of prior-year annual revenue for cross-border data-transfer violations and up to 10x illegal gains for unlawful data trading. The law is implemented by Decree 356/2025/ND-CP (issued 31 December 2025, effective 1 January 2026) and applies extraterritorially to foreign organisations offering services to or processing the personal data of Vietnam residents.
On 14 June 2025 Vietnam's 15th National Assembly adopted Law No. 71/2025/QH15 on the Digital Technology Industry (DTI Law) at its 9th session. The Law enters into force on 1 January 2026 (with certain provisions phased) and is the world's first standalone primary statute dedicated to the digital technology industry, covering digital-tech production and services, semiconductor manufacturing, artificial-intelligence systems, digital assets (legally recognised as property under the Civil Code), and Concentrated Digital Technology Zones. It codifies sector-specific incentives — multi-year corporate income tax reductions, R&D-cost deductions, preferential public procurement, five-year personal income tax exemption for high-quality digital professionals, five-year visa and work-permit exemptions for foreign experts, and 50% subsidy for SME advanced-technology acquisition — and sets headline targets of 150,000 digital-tech enterprises and USD 74bn digital-economy contribution by 2030/2035 (with USD 43bn / USD 74bn variants in different government summaries).
On 13 May 2025, Vietnam Development Bank's Transaction Office I (Sở Giao dịch I) signed a state investment credit contract for VND 317.2 billion (~USD 12.7 million) with Xuân Mai - Hà Nội Clean Water Transmission Company, a member of AquaOne Group. The loan covers roughly 40% of Phase 1A investment in the Xuân Mai water transmission pipeline and pump-station system, which will supply up to 300,000 m3/day to southwestern Hanoi (Hà Đông district and surrounding rural communes). VDB signed a parallel VND 523.9 billion loan the same day for the Hòa Bình 500kV transformer station project.
Vietnam's Ministry of Industry and Trade (MOIT) issued Decision 1231/QĐ-BCT on 5 May 2025, setting a maximum price of USD 0.093/kWh (approx. VND 2,430/kWh) for electricity imported from China through Vietnam's national grid. The decision implements the price-framework procedure established by MOIT Circular 09/2025/TT-BCT (effective 1 February 2025), which set out the process for building and approving generation and import price frameworks. Vietnam Electricity (EVN) must negotiate purchase contracts with Chinese suppliers within this ceiling "to economize on electricity purchase costs" (Article 2 of Decision 1231).
On 19 February 2025 Vietnam's 15th National Assembly adopted Resolution 193/2025/QH15 at its 9th Extraordinary Session, establishing 12 pilot policy categories that operationalise the Politburo's December 2024 Resolution 57-NQ/TW without requiring full-statute enactment. The resolution's most structurally novel element is an R&D risk-acceptance framework — the first in Southeast Asia — that exempts organisations and individuals from civil liability for damage caused to the State in the course of state-funded R&D activities conducted in compliance with prescribed procedures, directly addressing Vietnam's long-standing chilling effect on state-sector innovation. Additional pilots cover expedited procurement for sci-tech and digital-transformation projects, special tax and immigration incentives for high-skilled AI/semiconductor/ quantum R&D personnel, accelerated permitting pathways for priority-sector R&D investments, a start-up grant and venture framework, and an open-data regime for state-held datasets. Implementing Decree 88/2025/ND-CP was issued shortly after adoption; the resolution provides the legal-framework architecture that complements the financial-instrument side (Decree 182/2024/ND-CP, VND 30 trillion Investment Support Fund) and the sectoral-law cluster enacted in late 2025.
Vietnam issued Decree 182/2024/ND-CP on 31 December 2024, establishing the Investment Support Fund (ISF) to provide direct cash subsidies for high-tech enterprises and R&D centers. The decree offers up to 50% of initial investment costs for semiconductor and AI R&D projects meeting qualifying thresholds. The ISF is managed by the Ministry of Planning and Investment, with support available for operating costs, fixed asset investments, workforce training, and high-tech product manufacturing.
On 22 December 2024 the Politburo of the Communist Party of Vietnam, under General Secretary Tô Lâm, issued Resolution 57-NQ/TW designating science, technology, innovation, and national digital transformation as Vietnam's "top strategic breakthrough" through 2030 with vision to 2045. The resolution targets ≥50% digital-economy share of GDP, top-30 global ranking in innovation and digital transformation, and at least 10 globally-competitive Vietnamese digital-technology enterprises by 2030. It identifies data, AI, blockchain, and IoT as priority bottlenecks and operates as the parent/umbrella authority under which all subsequent Government, National Assembly, Prime-Ministerial and Ministerial tech-industrial instruments are formulated. Operational implementation runs through Government Resolution 03/NQ-CP of 9 January 2025 (action programme).
The National Assembly of Vietnam passed the Law on Data (Luật Dữ liệu), No. 60/2024/QH15, on 30 November 2024; it enters into force on 1 July 2025. The Law is Vietnam's first comprehensive horizontal data-governance statute, extending regulation beyond personal data (already covered by Decree 13/2023/ND-CP) to all digital data — public, private, and sectoral. It introduces statutory categories of "important data" (dữ liệu quan trọng) and "core data" (dữ liệu cốt lõi) tied to national-defence and national-security review for cross-border transfer, and establishes the National Data Centre under the Ministry of Public Security plus a statutory data-broker / data-services licensing framework.
Vietnam's 15th National Assembly adopted Law No. 54/2024/QH15 on Geology and Minerals on 29 November 2024 (446 of 448 votes), promulgated by Presidential Order on 20 December 2024 and effective 1 July 2025 (Articles 110.2 and 110.3 effective earlier on 15 January 2025). The law replaces the 2010 Mineral Law and introduces a four-group mineral classification, with Group I — covering metallic minerals (including rare earths), energy minerals, precious/semi-precious stones, and industrial minerals — placed under state-controlled licensing, national master-plan approval by the Prime Minister, and a "supply-the-domestic-industrial-ecosystem" priority that operates as a de-facto export curb on raw and minimally-processed strategic minerals. Vietnam holds the world's second-largest rare-earth reserves after China, making the new statute a foundational instrument for a state-controlled midstream gateway in non-China REE supply.
Vietnam's 15th National Assembly passed Law 44/2024/QH15 on 21 November 2024, comprehensively amending the 2016 Law on Pharmacy. The law liberalises foreign-invested enterprise (FIE) rights — permitting FIEs to wholesale self-imported drugs and APIs and to operate pharmacy chains for the first time — while introducing a special investment-incentive tier for pharma projects capitalised at ≥ VND 3,000 billion (≈ USD 120m) with ≥ VND 1,000 billion disbursed within three years. Online retail of non-prescription drugs is formally legalised as a distinct regulated business activity. Most provisions take effect 1 July 2025; selected marketing-authorisation renewal procedures took effect 1 January 2025. Implementing Decree 163/2025/ND-CP, effective 1 July 2025, provides detailed operational guidance.
Vietnam's Ministry of Industry and Trade issued Circular 18/2024/TT-BCT on 8 October 2024, suspending the temporary-import, re-export, and transit ("tạm nhập, tái xuất, chuyển khẩu") trade of a list of scrap materials keyed to the HS-based commodity list in Ministry of Finance Circular 31/2022/TT-BTC. The suspension runs 1 January 2025 to 31 December 2029. It targets traders using Vietnam as an entrepot for scrap shipments rather than domestic recyclers, and does not apply to genuine transit trade where goods move directly from the exporting to the importing country without clearing Vietnamese customs. The stated purpose is to prevent environmental contamination, curb trade fraud, and stop Vietnam becoming a dumping ground for scrap/waste from other countries.
On 21 September 2024 Prime Minister Phạm Minh Chính signed Decision No. 1018/QĐ-TTg approving Vietnam's first national strategy for semiconductor industry development through 2030 with vision to 2050. The strategy is built around the "C = SET + 1" formula (Chip = Specialised + Electronics + Talent + Vietnam) and sets a three-phase roadmap: ≥100 design firms / ≥10 ATP plants / 1 fab and USD 25bn semiconductor revenue by 2030; ≥200 design firms / ≥15 ATP plants / 2 fabs and USD 50bn revenue by 2040; ≥300 design firms / ≥20 ATP plants / 3 fabs and USD 100bn revenue by 2050. It also targets training of 50,000 semiconductor engineers by 2030 and designates the Ministries of Information & Communications, Planning & Investment, and Science & Technology as lead agencies.
On 29 November 2023 the Vietnamese National Assembly adopted Resolution 107/2023/QH15, enacting GloBE/Pillar Two rules into Vietnamese law effective for fiscal years beginning on or after 1 January 2024. The measure introduces a Qualified Domestic Minimum Top-up Tax (QDMTT) and an Income Inclusion Rule (IIR) at a 15% minimum effective tax rate for MNE groups with consolidated annual revenue ≥ EUR 750 million, placing Vietnam among the first South-East Asian jurisdictions to bind the OECD Inclusive Framework floor into statute. Subordinate Decree 236/2025/NĐ-CP (29 August 2025) provides the computational mechanics for the first top-up-tax filings covering fiscal year 2024.
Government Decree 53/2022/ND-CP, signed 15 August 2022 and effective 1 October 2022, implements Article 26 of Vietnam's 2018 Law on Cybersecurity. It mandates in-country storage of three categories of data — personal data of users in Vietnam, user-generated data, and user-relationship data — for both domestic and foreign cyberspace- service providers, with a minimum 24-month retention period. Foreign enterprises providing telecoms, data storage, domain names, e-commerce, online payments, social networks, online video games, or messaging services to users in Vietnam must establish a Vietnamese branch or representative office within 12 months of a Minister of Public Security written request. The decree closes a four-year implementation gap on the 2018 Cybersecurity Law and is the principal Vietnamese digital-trade barrier alongside Decree 13/2023/ND-CP (Personal Data Protection).