( November 11, 2026, 06:56 GMT | Official Statement) -- MLex Summary: Vietnam’s National Assembly on Tuesday released the latest draft of the data-security law, which seeks to tighten cross-border transfer rules for medium- and high-risk data. The draft, dated Nov. 2, requires impact assessments and government approval for cross-border transfers of data classified at level 3 and 4. It also requires data owners in data-related services to maintain contractual records, encryption and digital signatures when outsourcing the processing of data from level 3 and higher. The draft law is set for passage this month and would take effect on July 1, 2027, with a grace period of 12-24 months for data-processing systems at level 3 or higher, and 36 months for small- and medium-sized enterprises.The draft bill is attached (in Vietnamese)....
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