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Vietnam has made notable strides in cybersecurity, evidenced by a sharp 75.1% decrease in the number of detected and handled cyberattacks targeting its information systems in August 2024. The Authority of Information Security under the Ministry of Information and Communications (MIC) reported that the number of cyberattacks dropped to 349, down significantly from previous months.
This substantial reduction reflects the nation’s continued efforts to strengthen its digital defences amid rising global cyber threats. For the first eight months of 2024, Vietnam registered a total of 4,029 cyberattacks, a 53.2% drop compared to the same period in 2023.
Vietnam’s cybersecurity improvement is largely due to efforts to protect critical information infrastructure, particularly state-managed information systems. By August 2024, about 77% of over 7,600 systems had been classified and secured, a 14% increase from the previous year. However, 23% of systems remain vulnerable, highlighting the ongoing need for vigilance and investment in cybersecurity.
The Ministry of Information and Communications has mandated all government agencies to prioritise cybersecurity and ensure 100% protection of their information systems. Following the Prime Minister’s directive, information protection proposals must be approved by September, with full security implementation due by December 2024. Unprotected systems remain vulnerable to cyber threats, making these measures critical.
One of the key strategies in Vietnam’s cybersecurity efforts has been the integration of digital innovation and advanced technologies to safeguard critical systems. By implementing cutting-edge cybersecurity tools and platforms, the country is better equipped to detect, prevent, and respond to potential threats in real-time. These technologies not only strengthen the country’s defensive capabilities but also enhance its capacity to analyse cyber risks and predict emerging threats.
Vietnam’s focus on cybersecurity is mirrored by the sector’s financial growth, with August 2024 revenue reaching VND 451 billion (US$18.32 million), a 10% increase from the previous year. The sector’s cumulative growth from January to August was 10.5%, driven by rising demand for cybersecurity services from businesses and government agencies, supporting the nation’s digital economy.
This financial growth highlights the vital role of cybersecurity in Vietnam’s digital transformation. As sectors like finance, healthcare, and e-government rapidly digitise, cybersecurity is a key priority to protect data and ensure the resilience of the country’s digital economy.
OpenGov Asia reported that Minister Nguyen Manh Hung highlighted the crucial role of a strong cybersecurity force in safeguarding Vietnam’s digital sovereignty, emphasising the need to enhance AIS capabilities through technology and talent at the AIS’s 10th anniversary. AIS Director Le Van Tuan highlighted progress in building a comprehensive cybersecurity framework and integrating security measures into national IT projects.
With over 100 local companies controlling more than half of the domestic cybersecurity market, Vietnam has risen rapidly in global rankings, from 100th to 25th place in a decade. The country continues to enhance data protection and cybersecurity in response to a sharp rise in threats, including a 50% increase in personal information theft in early 2024.
Despite the significant drop in cyberattacks, Vietnam acknowledges that cybersecurity remains an ongoing challenge. As threats grow in complexity, the country must stay proactive in updating security protocols and adopting advanced technologies. The MIC’s push for full implementation of measures by 2024 highlights this urgency, positioning Vietnam to tackle current and future threats effectively.
Vietnam’s recent progress in reducing cyberattacks highlights its growing commitment to cybersecurity. Through a combination of advanced technologies, policy directives, and increased investment in information security, the country is making significant strides in creating a more secure digital landscape. As these efforts continue, Vietnam is poised to strengthen its cybersecurity defences, ultimately contributing to a safer and more resilient digital economy.
