SIIA Urges Caution on Vietnam’s Draft Law on Digital Transformation

The Software & Information Industry Association (SIIA) has submitted comments to the Vietnamese National Assembly regarding the recently introduced draft Law on Digital Transformation. While SIIA commends Vietnam's effort to create a comprehensive framework for digital regulation, the association warns that rushing the legislation could create significant confusion and compliance costs for digital platform companies.

SIIA draws on the European Union's experience with its Digital Markets Act, noting that ex ante regulation of digital platforms has led to unintended consequences for consumers, businesses, and innovation. The letter highlights concerns about vague provisions, interoperability mandates, and algorithm transparency requirements that could impose substantial operational challenges. SIIA urges careful consideration of these risks before moving forward with the Draft Law.