Vietnam: 04 types of information in the information system in banking operations

According to Article 4 of the Circular No. 09/2020/TT-NHNN of the State Bank of Vietnam, information classification in banking operations is as follows:

Information processed and stored in an information system shall be classified by its confidentiality as follows:

- Public information is the information that is publicly disclosed to every entity without identifying and locating such entities;

- Private information (or internal information) is the information managed and exploited by one or some entities that have been identified and located;

- Personal information is the information related to the identification of a particular client, including information on his/her account, deposit accounts, deposited assets and transactions, and other relevant information;

- Classified information includes (i) confidential, secret and top secret information as prescribed by the law on protection of state secrets, and (ii) restricted information as prescribed by the institution.

Moreover, Circular No. 09/2020/TT-NHNN of the State Bank of Vietnam also classified information systems into levels, including:

- Level 1 information system is the information system that serves internal operations of an institution and only processes public information.

- Level 2 information system is the information system that meets the criteria specified in Clause 3 Article 5 of the Circular No. 09/2020/TT-NHNN.

- Level 3 information system is the information system that meets the criteria specified in Clause 4 Article 5 of the Circular No. 09/2020/TT-NHNN.

View more details at the Circular No. 09/2020/TT-NHNN of the State Bank of Vietnam, effective from January 01, 2021.

Thuy Tram

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