Recently, the Government of Vietnam has issued Decree No. 130/2018/NÐ-CP on guidelines for the Law on E-Transactions of Vietnam of digital signatures and digital signature authentication.
According to Decree No. 130/2018/NÐ-CP of Vietnam’s Government, conditions for licensing of public authentication of digital signatures has been supplemented, specifically as follows:
- Financial condition: In addition to maintaining the current deposit conditions, the new regulation requires businesses to pay full maintenance fees (in case of replacement of license).
- Condition of personnel: The staff of the business must hold a bachelor's degree or higher, majoring in information security or information technology or electrical communication.
Moreover, supplementing the regulations that a public certification authority shall have its license suspended for a period of up to 6 months if it fails to pay full maintenance fees in 6 months and have its license revoked when it fails to provide for service within 12 months.
View more details at Decree No. 130/2018/NÐ-CP of Vietnam’s Government, effective from November 15, 2018, replacing Decree No. 26/2007/NĐ-CP.
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