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registries .VN New policy expected to boost domain name trading

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The Ministry of Information and Telecommunications has issued a circular with new provisions which are expected to create resources to develop the domain name market, Đầu Tư (Investment) newspaper reported.

Circular No.21/2021/TT-BTTTT, which supplants an earlier one on the management and use of internet resources, regulated the creation of three more second-level domain names, it said.

A second-level domain is part of a domain name or website address that comes before the top-level domain.

In Việt Nam, ‘.vn’ is the country’s code top-level domain.

A country code top-level domain (ccTLD) is an Internet top-level domain generally used or reserved for a country, sovereign state, or dependent territory identified with a country code.

The three second-level names are ‘ID.VN’for individuals to register the use of images, products and personal trademarks,‘IO.VN’ for institutions and individuals to register the use of digital technology applications, platforms and services, and ‘AL.VN’for individuals and firms to register their operations and services related to artificial intelligence.

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The spokesman also said he believed the new circular would create a new leaf for the domain name trading market and speed up digital transformation in Việt Nam.

Analysts agreed, saying 2022 is likely to be a breakthrough year for the domain name trading business in Việt Nam, thanks to the positive changes in policies and strong digital transformation underway in all sectors.

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