Vietnam Plans to Include Digital Assets in Electronic Identification Scope

TechFlow news, on July 29, Vietnam's Ministry of Public Security proposed in the draft Law on Electronic Identification and Authentication to expand the scope of electronic identification objects. In addition to individuals, institutions, and organizations, it will also cover intangible objects such as data resources, applications, software, digital services, property rights, intellectual property, and digital assets, as well as physical assets such as commodities and equipment. The draft also clarifies the mechanisms for suspension, restoration, and cancellation of electronic identities. This move aims to adapt to the development needs of the digital economy and digital society, enhancing traceability, accountability, and cross-domain data interoperability in cyberspace.