Laws amended to prevent fraud from "deepfake technology business"

According to the Ministry of Finance , the list of conditional investment and business sectors is specified in Appendix 4 of the 2014 Investment Law, including 267 sectors.

Currently, according to the provisions of the Investment Law 2020 (amended and supplemented by Law No. 90/2025/QH15), the number of conditional investment and business sectors has been reduced to 237 sectors and occupations.

Amending the law to prevent fraud from

Some people take advantage of "Deepfake" technology to make video calls with fake images and faces to commit fraud. Photo: VGP

Thereby, the business environment has become more favorable, creating more conditions for businesses to participate in the market as well as invest, produce and do business in many fields.

However, according to the Ministry of Finance, the reduction of the list of conditional business investment sectors is not substantial, mainly in the form of merging business sector names or using business sector names with a wide scope of adjustment to reduce the number of business sectors in form.

Currently, the conditional business lines issued with Appendix IV of the Investment Law mostly apply the pre-inspection mechanism (must apply for a license before being allowed to do business).

In fact, there are industries that may not need to be controlled by the pre-inspection mechanism, such as: Business services of building, converting, repairing, and restoring inland waterway vehicles, and manufacturing helmets because quality standards are managed by technical regulations and do not require investment conditions... This will limit the promotion of business freedom and create barriers to market entry for businesses.

In addition, some new industries, which pose complex risks to security, order, and public health, are not regulated as conditional investment and business industries, making it difficult for state agencies to manage their activities. Business owners can easily take advantage of loopholes to violate the law, such as the business of personal data sharing platforms (reason: ensuring information security and personal privacy); Deepfake technology business (reason: preventing technology abuse causing information disruption and fraud)...

Therefore, to effectively improve the business investment environment and ensure the freedom of business of enterprises, it is necessary to continue to amend and perfect regulations on conditional business lines and business investment conditions to overcome the above problems.

In the draft, the Ministry of Finance proposed to amend and supplement the list of conditional investment and business sectors issued by the Government to create flexibility and initiative for the Government in controlling the issuance of conditional investment and business sectors.

The Ministry of Finance also proposed to supplement regulations to clarify the principles for determining business investment conditions. Accordingly, business investment conditions are requirements and conditions on capacity, professional qualifications, human resources, facilities, and management systems that individuals and organizations must meet to carry out business investment activities in conditional business investment sectors and professions, not including technical regulations and standards issued by competent authorities on product and service quality.

The addition of this provision serves as a basis for reviewing, screening and defining investment and business sectors that really need to conduct "pre-inspection" and transferring sectors and business sectors that currently regulate investment and business conditions applicable to output products and services that can be controlled by technical regulations and standards issued by competent authorities to a "post-inspection" mechanism.

Source: https://nld.com.vn/sua-luat-de-ngan-chan-lua-dao-tu-kinh-doanh-cong-nghe-deepfake-196250914121709878.htm