05 e-transaction development policies in Vietnam under the Law on Electronic Transactions 2023

05 e-transaction development policies in Vietnam under the Law on Electronic Transactions 2023 (Internet image) 

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05 e-transaction development policies in Vietnam under the Law on Electronic Transactions 2023

According to Article 4 of the Law on Electronic Transactions 2023, e-transaction development policies in Vietnam include:

(1) Protect the interests of the State, interests of the community, legal rights and interests of agencies, organizations and individuals.

(2) Ensure that the selection of e-transactions is voluntary; and the parties agree on which types of technology, electronic means, electronic signatures, other forms of authentication by electronic means will be used to conduct e-transactions, unless otherwise provided for by law.

(3) Develop e-transactions in all aspects to ensure completion of all stages of the procedure by electronic means and promote digital transformation; optimize the procedure, thereby shortening time for processing and being more convenient in comparison with other transaction methods.

(4) Synchronously apply regulations and measures to encourage, give incentives and facilitate the development of e-transactions; take priority over investment in developing technology infrastructure, developing and applying new technologies, training human resources for e-transactions, especially in mountainous areas, border areas, islands, ethnic minority areas, areas with difficult socio-economic conditions and areas with extremely difficult socio-economic conditions.

Prohibited acts in e-transactions in Vietnam as of July 1, 2024

Prohibited acts in e-transactions in Vietnam as of July 1, 2024 include:

- Taking advantage of e-transactions to commit offences against the national interests, national security, social order and safety, public interests, legal rights and interests of agencies, organizations and individuals.

- Illegally obstructing or preventing the process of generating, sending, receiving and storing data messages or committing other acts to destroy information systems serving e-transactions.

- Illegally collecting, providing, using, disclosing, displaying, spreading, trading data messages.

- Counterfeiting, falsifying, or illegally deleting, canceling, copying, moving the part or whole of a data message.

- Creating data messages in order to commit illegal acts.

- Cheating, counterfeiting, appropriating or illegally using e-transaction accounts, electronic certificates, electronic signature certificates, and electronic signatures.

- Obstructing the selection of carrying out e-transactions.

- Committing other prohibited acts in accordance with regulations of law.

(Article 6 of the Law on Electronic Transactions 2023)

Contents of state management of e-transactions in Vietnam as of July 1, 2024

Contents of state management of e-transactions in Vietnam as of July 1, 2024 include:

- Elaborating, promulgating and organizing implementation of strategies, plans and policies for the development of e-transactions; legislative documents on e-transactions; technical standards, regulations, technical requirements, economic-technical norms, quality of products and services in e-transactions.

- Managing the reporting, measurement and statistics of e-transactions; managing the security supervision of information systems serving e-transactions of administrators of information systems.

- Managing trust services.

- Managing and organizing the construction, exploitation and development of national electronic authentication infrastructure; the issuance and revocation of digital signature certificates.

- Stipulating the interconnection between systems providing public digital signature services and civil service digital signature services.

- Disseminating policies and laws in e-transactions.

- Managing the training, refresher training and development of human resources and experts in e-transactions.

- Inspecting, examining, settling complaints, denunciations and handling violations of the law on e-transactions.

- International cooperation on electronic transactions.

(Article 49 of the Law on Electronic Transactions 2023)

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