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| Data products and services must undergo mandatory inspection and assessment before listed on data exchanges__Photo: VNA |
The Ministry of Public Security is seeking public comments on a draft decree on the operation of data exchanges, with the aim of ensuring data security and safety, protecting data rights and privacy, and enhancing the capacity for supervision, auditing, traceability, and handling of violations.
Under the draft, the national data exchange would be developed, managed, operated and maintained by the Data Innovation and Exploitation Centre under the National Data Centre of the Ministry of Public Security, which would also oversee and supervise its operation.
The national data exchange would provide data as well as data-related products and services, sourced from the National Synthesis Database, national databases, specialised databases, and other databases managed by Party and state agencies, the Vietnam Fatherland Front and socio-political organisations, and data provided by other organisations and individuals.
Meanwhile, other data exchanges, which are data exchanges managed by public non-business units other than those specified above, would provide data, products and services derived from national and specialised databases under the management of these units as well as from the source of data supplied by non-state organisations and individuals.
These data exchanges would have to ensure information system security level at at least Level 3 and be capable of connecting to, and sharing data with, the national data exchange. The latter would serve as the focal point for monitoring, inspecting and evaluating the operation of other exchanges.
The draft further clarifies that data managed by state agencies and socio-political organisations are public assets. The exploitation of State-held data would be subject to a fee-based mechanism, while value-added products and services derived from such data would be subject to pricing in accordance with law.
According to the draft, organisations participating in data transactions via data exchanges must be lawfully established entities, while individuals must have full civil act capacity. Those engaged in conditional business lines must fully satisfy the law-prescribed conditions.
Under the draft, data products and services must undergo mandatory inspection and assessment before listed on data exchanges. All data transactions must be conducted via transaction accounts and payment accounts registered with exchange operators and formalised through conclusion of e-contracts in accordance with the law on e-transactions. After transactions are completed, the buyer’s property rights over data would be established and the buyer may give feedback via data exchanges.- (VLLF)
