Vietnam: 04 rules for building and developing security industry in 2020

Currently, “security industry development” means the investment in resources and application of advanced technologies to develop the national potential for research into, fabrication and manufacturing of specialized and dual-use security products.

According to Decree No. 63/2020/NĐ-CP of Vietnam’s Government, 04 rules for building and developing security industry include:

- Pursue objectives, tasks and strategies for national security protection, social order and safety maintenance, serving necessary demands of the People's Public Security Force and other law enforcement force.

- Combine the national industry and national defense industry and exploit their potential; security industry establishments are not allowed to make the investments that the industry serving people’s life and the national defense are able to make, and vice versa. Give priority to advanced products which are used in a manner that maintains confidentiality and ensures safety, effectiveness and environmental safety.

- Associate socio – economic development with national defense and security assurance on the basis of promoting the internal strength and expanding international cooperation; guard state secrets about security and national defense.

- Comply with regulations of law on manufacturing, management and sale of weapons, explosive materials and combat gears; management of public property and regulations of law on business lines subject to security requirements, Vietnam’s commitments to weapon disarmament and non-proliferation and international treaties to which Vietnam is a signatory.

View relevant provisions at Decree No. 63/2020/NĐ-CP of Vietnam’s Government, effective from August 01, 2020.

Thu Ba

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