Q&A

What are Conditions to Meet for Trading civil cryptographic products and services?

According to Article 30 and 31, Law on Cyber Information Security,

Civil cryptographic products and services are:
1. Civil cryptographic products include cryptographic documents and technical and professional equipment used to protect information not classified as state secret.
2. Civil cryptographic services include services of protection of information using civil cryptographic products; inspection and assessment of civil cryptographic products; and counseling on cyber information confidentiality and security using civil cryptographic products.

Trading in civil cryptographic products and services requires:
1. An enterprise that wishes to trade in civil cryptographic products and services on the list of civil cryptographic products and services shall obtain a license for doing so.
2. An enterprise shall be granted a license for trading in civil cryptographic products and services when fully meeting the following conditions:
-Having managerial, administration and technical staff members who meet professional requirements on information confidentiality and security;
-Having equipment and physical foundations suitable to the scale of provision of civil cryptographic products and services;
-Having a technical plan conformable with standards and technical regulations;
-Having a cyber information confidentiality and security plan in the course of management and provision of civil cryptographic products and services;
-Having an appropriate business plan.
3. Civil cryptographic products shall be inspected and certified as conformable with regulations before being marketed.
4. To obtain a license for trading in civil cryptographic products and services, an enterprise shall pay a fee in accordance with the law on charges and fees.
5. The Government shall promulgate a list of civil cryptographic products and services and detail this Article.

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.