{"id":74905,"date":"2025-07-18T16:24:00","date_gmt":"2025-07-18T09:24:00","guid":{"rendered":"https:\/\/neu.edu.vn\/neu-in-the-media-prof-dr-tran-tho-dat-chair-of-the-scientific-and-training-council-national-economics-university-an-institutional-triangle-for-the-digital-economy-2\/"},"modified":"2025-07-18T16:24:00","modified_gmt":"2025-07-18T09:24:00","slug":"neu-in-the-media-prof-dr-tran-tho-dat-chair-of-the-scientific-and-training-council-national-economics-university-an-institutional-triangle-for-the-digital-economy-2","status":"publish","type":"post","link":"https:\/\/neu.edu.vn\/en\/neu-in-the-media-prof-dr-tran-tho-dat-chair-of-the-scientific-and-training-council-national-economics-university-an-institutional-triangle-for-the-digital-economy-2\/","title":{"rendered":"NEU in the Media \u2013 Prof. Dr. Tran Tho Dat, Chair of the Scientific and Training Council, National Economics University: An Institutional Triangle for the Digital Economy"},"content":{"rendered":"

(\u0110TTCO) – According to Prof. Dr. Tran Tho Dat, Chair of the Scientific and Training Council, National Economics University (NEU), the Law on Digital Technology Industry, the Law on Personal Data Protection, and the Law on Data are three institutional pillars for digital transformation.<\/em><\/strong><\/p>\n

\"\"<\/em><\/strong><\/p>\n

Prof. Dr. Tran Tho Dat, Chair of the Scientific and Training Council, NEU<\/em><\/p>\n

This provides a legal foundation for the personal data economy, opening up new business models that treat data as an asset or a form of social credit. It also puts pressure on businesses to invest in security and data transparency and enhance their international competitiveness.<\/p>\n

The Law on Data establishes an institutional foundation for data utilization, sharing, connectivity, and governance throughout the political, social, and economic systems. The law classifies data, defines the rights and obligations of entities in the data ecosystem, promotes data sharing across sectors and agencies, reduces data silos in the public sector, and supports digital government and smart cities.<\/p>\n

– What are the breakthroughs in these three laws?<\/strong><\/p>\n

– Once implemented, the three laws will turn data into assets and recognize data as a resource. They will transform data into assets that can be owned, valued, and transferred. They will turn technology into a domestic productive force, creating jobs and value. They will turn digital trust into social capital, encouraging people and businesses to participate in the digital economy.<\/p>\n

These laws support and protect domestic technology businesses in a globally competitive digital environment. On this basis, Vietnam can build a sovereign digital economy that competes globally and has its own identity.<\/p>\n

The laws not only establish property rights and data governance infrastructure but also identify data as an important, valuable resource that can be utilized and commercialized. The legislation establishes a data classification system (open data, personal data, public-interest data, big data, and other categories).<\/p>\n

It also establishes data ownership rights and economic value, as well as the obligations of entities that own, use, and share data. This enables the formation of data markets, data centers, and data exchanges, increasing interoperability among the State, businesses, and research organizations.<\/p>\n

These three laws also form an institutional triangle for the digital economy and the process of turning data into assets. Previously, data was often merely a byproduct of digitization activities. It is now recognized as a strategic asset that can be invested in, protected, and utilized for economic growth, innovation, and sustainable development. This institutional triangle provides a new legal foundation for Vietnam\u2019s phase of digital development.<\/p>\n

– How, then, is data utilization balanced with the protection of personal privacy?<\/strong><\/p>\n

– For the first time in Vietnam, individuals\u2019 rights regarding data are clearly defined in law. Personal data is protected and used within a framework of responsibility and trust. Organizations and businesses are bound by obligations when collecting, using, and transferring personal data.<\/p>\n

This helps increase public trust in sharing and using digital data. In turn, it expands the scale of the data economy, makes it easier for Vietnamese businesses to comply with international standards and connect with global markets, reduces the risk of data breaches, and safeguards the foundations of ethics and fairness in the digital space.<\/p>\n

– Could you elaborate on \u201cturning technology into a domestic productive force\u201d?<\/strong><\/p>\n

– The Law on Digital Technology Industry is a pillar for building productive forces and domestic digital businesses to utilize data. The law clearly identifies domestic digital technology businesses as the central force in the data industry.<\/p>\n

The law introduces policies that prioritize the development of infrastructure, software, digital platforms, and data-driven services. Make in Vietnam businesses in fields including AI, data analytics, blockchain, cloud, and cybersecurity will receive support.<\/p>\n

The law will promote the development of sovereign products, services, and platforms for data utilization that embody Vietnamese identity. This will enable businesses to enhance their competitiveness and technological autonomy in relation to global platforms, create jobs, improve labor productivity, and increase the digital economy\u2019s contribution to GDP. This is the production pillar, helping transform data into goods and services\u2014in other words, assets that generate added value.<\/p>\n

– So these three laws will shape a digital economy based on innovation and data?<\/strong><\/p>\n

– That is correct. Together, the three laws lay the institutional foundation for the data economy and innovation. Their synchronized and coordinated implementation will help identify, value, and manage public and private data as a strategic national asset. This will enable data utilization to develop new sectors such as Fintech, GovTech, HealthTech, and EdTech.<\/p>\n

It will also create conditions for the development of AI, machine learning, predictive models, and user-friendly, smart public and private services based on big data analytics. This will give rise to a digital economy in which data is the input, AI is the tool for utilizing it, and domestic technology businesses are the principal productive force.<\/p>\n

– Thank you, Professor.<\/p>\n

This provides a legal foundation for the personal data economy, opening up new business models that treat data as an asset or a form of social credit. It also puts pressure on businesses to invest in security and data transparency and enhance their international competitiveness.<\/p>\n

The Law on Data establishes an institutional foundation for data utilization, sharing, connectivity, and governance throughout the political, social, and economic systems. The law classifies data, defines the rights and obligations of entities in the data ecosystem, promotes data sharing across sectors and agencies, reduces data silos in the public sector, and supports digital government and smart cities.<\/p>\n

– What are the breakthroughs in these three laws?<\/strong><\/p>\n

– Once implemented, the three laws will turn data into assets and recognize data as a resource. They will transform data into assets that can be owned, valued, and transferred. They will turn technology into a domestic productive force, creating jobs and value. They will turn digital trust into social capital, encouraging people and businesses to participate in the digital economy.<\/p>\n

These laws support and protect domestic technology businesses in a globally competitive digital environment. On this basis, Vietnam can build a sovereign digital economy that competes globally and has its own identity.<\/p>\n

The laws not only establish property rights and data governance infrastructure but also identify data as an important, valuable resource that can be utilized and commercialized. The legislation establishes a data classification system (open data, personal data, public-interest data, big data, and other categories).<\/p>\n

It also establishes data ownership rights and economic value, as well as the obligations of entities that own, use, and share data. This enables the formation of data markets, data centers, and data exchanges, increasing interoperability among the State, businesses, and research organizations.<\/p>\n

These three laws also form an institutional triangle for the digital economy and the process of turning data into assets. Previously, data was often merely a byproduct of digitization activities. It is now recognized as a strategic asset that can be invested in, protected, and utilized for economic growth, innovation, and sustainable development. This institutional triangle provides a new legal foundation for Vietnam\u2019s phase of digital development.<\/p>\n

– How, then, is data utilization balanced with the protection of personal privacy?<\/strong><\/p>\n

– For the first time in Vietnam, individuals\u2019 rights regarding data are clearly defined in law. Personal data is protected and used within a framework of responsibility and trust. Organizations and businesses are bound by obligations when collecting, using, and transferring personal data.<\/p>\n

This helps increase public trust in sharing and using digital data. In turn, it expands the scale of the data economy, makes it easier for Vietnamese businesses to comply with international standards and connect with global markets, reduces the risk of data breaches, and safeguards the foundations of ethics and fairness in the digital space.<\/p>\n

– Could you elaborate on \u201cturning technology into a domestic productive force\u201d?<\/strong><\/p>\n

– The Law on Digital Technology Industry is a pillar for building productive forces and domestic digital businesses to utilize data. The law clearly identifies domestic digital technology businesses as the central force in the data industry.<\/p>\n

The law introduces policies that prioritize the development of infrastructure, software, digital platforms, and data-driven services. Make in Vietnam businesses in fields including AI, data analytics, blockchain, cloud, and cybersecurity will receive support.<\/p>\n

The law will promote the development of sovereign products, services, and platforms for data utilization that embody Vietnamese identity. This will enable businesses to enhance their competitiveness and technological autonomy in relation to global platforms, create jobs, improve labor productivity, and increase the digital economy\u2019s contribution to GDP. This is the production pillar, helping transform data into goods and services\u2014in other words, assets that generate added value.<\/p>\n

– So these three laws will shape a digital economy based on innovation and data?<\/strong><\/p>\n

– That is correct. Together, the three laws lay the institutional foundation for the data economy and innovation. Their synchronized and coordinated implementation will help identify, value, and manage public and private data as a strategic national asset. This will enable data utilization to develop new sectors such as Fintech, GovTech, HealthTech, and EdTech.<\/p>\n

At the same time, they will create conditions for the development of AI, machine learning, predictive models, and user-friendly, smart public and private services based on big data analytics. This will shape a digital economy in which data is the raw material, AI is the tool for utilizing it, and domestic technology businesses are the main productive force.<\/p>\n

– Thank you, Professor.<\/p>\n

Source: Financial Investment Magazine<\/a><\/strong><\/em><\/p>\n

This is an automated translation. If you notice any errors, please contact the Department of Communications, National Economics University at phongtruyenthong@neu.edu.vn<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

(\u0110TTCO) – According to Prof. Dr. Tran Tho Dat, Chair of the Scientific and Training Council, National Economics University (NEU), the Law on Digital Technology Industry, the Law on Personal Data Protection, and the Law on Data are three institutional pillars for digital transformation. Prof. Dr. Tran Tho Dat, Chair of the Scientific and Training Council, NEU This provides a legal foundation for the personal data economy, opening up new business models that treat data as an asset or a form of social credit. It also puts pressure on businesses to invest in security and data transparency and enhance their international competitiveness. The Law on Data establishes an institutional foundation for data utilization, sharing, connectivity, and governance throughout the political, social, and economic systems. The law classifies data, defines the rights and obligations of entities in the data ecosystem, promotes data sharing across sectors and agencies, reduces data silos in the public sector, and supports digital government and smart cities. – What are the breakthroughs in these three laws? – Once implemented, the three laws will turn data into assets and recognize data as a resource. They will transform data into assets that can be owned, valued, and transferred. They will turn technology into a domestic productive force, creating jobs and value. They will turn digital trust into social capital, encouraging people and businesses to participate in the digital economy. These laws support and protect domestic technology businesses in a globally competitive digital environment. On this basis, Vietnam can build a sovereign digital economy that competes globally and has its own identity. The laws not only establish property rights and data governance infrastructure but also identify data as an important, valuable resource that can be utilized and commercialized. The legislation establishes a data classification system (open data, personal data, public-interest data, big data, and other categories). It also establishes data ownership rights and economic value, as well as the obligations of entities that own, use, and share data. This enables the formation of data markets, data centers, and data exchanges, increasing interoperability among the State, businesses, and research organizations. These three laws also form an institutional triangle for the digital economy and the process of turning data into assets. Previously, data was often merely a byproduct of digitization activities. It is now recognized as a strategic asset that can be invested in, protected, and utilized for economic growth, innovation, and sustainable development. This institutional triangle provides a new legal foundation for Vietnam\u2019s phase of digital development. – How, then, is data utilization balanced with the protection of personal privacy? – For the first time in Vietnam, individuals\u2019 rights regarding data are clearly defined in law. Personal data is protected and used within a framework of responsibility and trust. Organizations and businesses are bound by obligations when collecting, using, and transferring personal data. This helps increase public trust in sharing and using digital data. In turn, it expands the scale of the data economy, makes it easier for Vietnamese businesses to comply with international standards and connect with global markets, reduces the risk of data breaches, and safeguards the foundations of ethics and fairness in the digital space. – Could you elaborate on \u201cturning technology into a domestic productive force\u201d? – The Law on Digital Technology Industry is a pillar for building productive forces and domestic digital businesses to utilize data. The law clearly identifies domestic digital technology businesses as the central force in the data industry. The law introduces policies that prioritize the development of infrastructure, software, digital platforms, and data-driven services. Make in Vietnam businesses in fields including AI, data analytics, blockchain, cloud, and cybersecurity will receive support. The law will promote the development of sovereign products, services, and platforms for data utilization that embody Vietnamese identity. This will enable businesses to enhance their competitiveness and technological autonomy in relation to global platforms, create jobs, improve labor productivity, and increase the digital economy\u2019s contribution to GDP. This is the production pillar, helping transform data into goods and services\u2014in other words, assets that generate added value. – So these three laws will shape a digital economy based on innovation and data? – That is correct. Together, the three laws lay the institutional foundation for the data economy and innovation. Their synchronized and coordinated implementation will help identify, value, and manage public and private data as a strategic national asset. This will enable data utilization to develop new sectors such as Fintech, GovTech, HealthTech, and EdTech. It will also create conditions for the development of AI, machine learning, predictive models, and user-friendly, smart public and private services based on big data analytics. This will give rise to a digital economy in which data is the input, AI is the tool for utilizing it, and domestic technology businesses are the principal productive force. – Thank you, Professor. This provides a legal foundation for the personal data economy, opening up new business models that treat data as an asset or a form of social credit. It also puts pressure on businesses to invest in security and data transparency and enhance their international competitiveness. The Law on Data establishes an institutional foundation for data utilization, sharing, connectivity, and governance throughout the political, social, and economic systems. The law classifies data, defines the rights and obligations of entities in the data ecosystem, promotes data sharing across sectors and agencies, reduces data silos in the public sector, and supports digital government and smart cities. – What are the breakthroughs in these three laws? – Once implemented, the three laws will turn data into assets and recognize data as a resource. They will transform data into assets that can be owned, valued, and transferred. They will turn technology into a domestic productive force, creating jobs and value. They will turn digital trust into social capital, encouraging people and businesses to participate in the digital economy. These laws support and protect domestic technology businesses in a globally competitive digital environment. On this basis, Vietnam can build a […]<\/p>\n","protected":false},"author":9,"featured_media":45632,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[724,169],"tags":[],"class_list":["post-74905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-information","category-latest-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/posts\/74905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/comments?post=74905"}],"version-history":[{"count":0,"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/posts\/74905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/media\/45632"}],"wp:attachment":[{"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/media?parent=74905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/categories?post=74905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/tags?post=74905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}