HO CHI MINH CITY — Vietnam has determined that overseas buyers can now personal information facilities within the nation, after controversial storage guidelines opposed by Huge Tech set off an explosion in demand that the home market has been unable to fill.
The Legislation on Telecommunications, which took impact final week, says there aren’t any overseas possession caps for information and cloud suppliers. In numerous different industries, the one-party state has a 49% ceiling on overseas possession. The regulation additionally provides the suppliers what regulation agency VDB Loi calls an “unprecedented exception” from licensing, in order that they’re “exempt from the same old market entry constraints.”
