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U.S. lawmakers urge Facebook, Google to resist Vietnam cybersecurity law

Published 07/17/2018, 08:15 AM
Updated 07/17/2018, 08:15 AM
© Reuters.  U.S. lawmakers urge Facebook, Google to resist Vietnam cybersecurity law
  • U.S. lawmakers on the Congressional Vietnam Caucus urge Facebook (NASDAQ:FB) and Google (GOOG, GOOGL) to resist changes required by a new cybersecurity law in the region.
  • The law, passed last month and effective January 1, requires tech firms to store locally personal data on users in Vietnam and to open area offices.
  • Critics worry the law gives the state more authority to crackdown on dissent.
  • Key quote from the Caucus letter: “If the Vietnamese government is coercing your companies to aid and abet censorship, this is an issue of concern that needs to be raised diplomatically and at the highest levels.”
  • Facebook shares are down 1.2% premarket to $204.80.
  • Alphabet shares are down 0.7% premarket to $1,176.
  • Now read: Are You Ready For Alphabet's Q2 Earnings?


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