Vietnam Approves Data, Electricity Laws, $67 Billion Rail Plan

Written By Lavinia Abirami Selva Kumaran

Reuters | 30th November 2024

HANOI, Nov 30 (Reuters) - Vietnam's parliament approved laws on data protection and electricity, as well as a resolution supporting a $67 billion high-speed rail project on Saturday, the last day of its twice-yearly regular session.

The railway, Vietnam's most ambitious infrastructure project, is to run from the capital Hanoi to the southern business hub of Ho Chi Minh City. The 1,541-km (958-mile) project is expected to be completed in 2035.

The data law tightens requirements on personal data processing and data transfer overseas, a move that groups representing U.S. tech firms have said could hamper their operations in the Southeast Asian country.

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