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Vietnam is preparing new rules requiring social media firms to take down content it deems illegal within 24 hours, three people with direct knowledge of the matter said. The planned amendments to current law will cement Vietnam, a US$1 billion market for Facebook, as one of the world's most stringent regimes for social media firms and will strengthen the ruling Communist Party's hand as it cracks down on "anti-state" activity. The 24-hour time frame to take down "illegal content and services" will not have a grace period, while active "illegal live-streams" must be blocked within three hours, the people said….
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