Vietnam fines TikTok 880 million dong over privacy and consumer violations

Vietnam's competition authorities fined TikTok about 880 million dong ($33,516) for misleading users and breaching data privacy and consumer protection rules. A commission statement cited missing mechanisms for user privacy rights and complaint submission. Separately, reports say TikTok completed a deal to shift major US operations to domestic investors, with executives expressing confidence a nationwide ban will be avoided.