Q&A

How to Apply For Trading License in Civil Cryptographic Products and Services?

According to Article 32, Law on Cyber Information Security, the application of licenses for trading in civil cryptographic products and services need to follow the following:

1. An enterprise applying for a license for trading in civil cryptographic products and services shall submit a dossier of application for a license at the Government Cipher Committee.

2. A dossier of application for a license for trading in civil cryptographic products and services shall be made in two sets, each comprising:
-An application for a license for trading in civil cryptographic products and services;
-A copy of the enterprise registration certificate, investment registration certificate or another paper of equivalent validity;
-Copies of information confidentiality and security diplomas or certificates of managerial, administration and technical staff members;
-A technical plan, consisting of papers on technical characteristics and specifications of products; standards or technical regulations of products; standards and quality of services; technical measures and solutions; and product warranty and maintenance plan;
-A cyberinformation confidentiality and security plan in the course of management and provision of civil cryptographic products and services;
-A business plan, indicating the scope of provision and recipients of products and services, scale and quantity of products and services, customer service networks, and technical assurance.

3. Within 30 days after receiving a complete dossier, the Government Cipher Committee shall appraise it and grant a license for trading in civil cryptographic products and services; if refusing to grant a license, it shall issue a written notice clearly stating the reason.

4. A license for trading in civil cryptographic products and services shall be valid for 10 years.

-Our cyber security lawyers always follow development of laws in Vietnam to provide the client with update. Please contact ANT Lawyers for service inquiries.

How ANT Lawyers Could Help Your Business?

Our cyber security lawyers always follow development of laws in Vietnam to provide the client with update. For advice or service request, please contact us via email ant@antlawyers.vn or call our office at (+84) 24 730 86 529

ANT Lawyers

Recent Posts

7 Powerful Impacts of Abolishing Tax Exemptions in Vietnam for Imports Under 1 Million VND

On February 18, 2025, Vietnam will implement a significant change in its tax policy by…

1 day ago

The Revised Law on Asset Auctions 2024: A Significant Step Forward in Vietnam’s Asset Management and Judicial Auctions

Vietnam has made substantial progress in refining its legal framework to meet growing demands for…

1 week ago

The 2024 Amended Securities Law: A Bold Step Towards Market Integrity

The stock market is one of the most important areas for raising capital and meeting…

3 weeks ago

Vietnam Capital Law 2024: 7 Powerful Changes to Boost or Challenge Your Business in Hanoi

A New Era of Opportunity or Complexity for Foreign Businesses in Hanoi? Imagine standing in…

3 weeks ago

Electricity Law Amendment 2024: A Milestone in Vietnam’s Energy Sector

On November 30, 2024, the National Assembly officially passed the Electricity Law Amendment 2024, marking…

1 month ago

Vietnam Bans E-Cigarettes: 7 Powerful Reasons Why This Bold Decision Protects Public Health

The decision by Vietnam to ban e-cigarettes is a turning point in public health policy.…

1 month ago

This website uses cookies.