Convention to boost cooperation against cybercrime

The rapid development of information and communication technologies in recent years has transformed societies, improved governance and promoted sustainable development.

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However, it has also given rise to new forms of transnational crime. According to a recent UNODC report, East Asia and Southeast Asia witnessed a sharp rise in cybercrime from 2021 to 2024, causing estimated losses of more than US$37 billion. This underscores the urgent need for a global response to a global threat.

Against this backdrop, the adoption of the Convention marks a historic milestone, the first noncriminal agreement related to cyberspace governance.

It provides a comprehensive, multidisciplinary framework to prevent and combat cybercrime, harmonising national laws on issues such as online fraud and establishing stronger mechanisms for law enforcement cooperation. Once in effect, the document will serve as an effective, comprehensive global legal framework for tackling cybercrime.

Hosting the signing ceremony is a landmark event that demonstrates Viet Nam's commitment to collective action against global threats.