Vietnam: E- transactions must ensure equality and security

Nguyen Trinh

08:23, 01/01/2008

An e-transaction means a transaction implemented by electronic means. So how are Vietnam’s regulations on principles in e-transactions?

According to Article 5 of the Law on E-transactions 2005 of Vietnam, general principles in e-transactions include:

One, to voluntarily select electronic means for transactions.

Two, to mutually agree on the selection of type of technology for e-transactions.

Three, no technology shall be considered the sole one in e-transactions.

Four, to ensure equality and security in e-transactions.

Five, to protect lawful rights and interests of agencies, organizations, individuals, interests of the State and public interests.

Six, e-transactions of State agencies must comply with the principles stipulated in Article 40 of this Law.

View more: The Law on E-transactions 2005 of Vietnam was issued on November 29, 2005, effective from March 01, 2006.

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