The revised Electronic Transactions Law was passed by the National Assembly at its 5th session and takes effect from July 1, 7, promising to be an important lever for the digital transformation process in Vietnam.
Many new breakthroughs
The new point of the amended Law on Electronic Transactions is to add regulations on the legal value of conversion between paper and electronic copies, regulations on electronic certificates, and expand the subject of regulation. This is considered a major breakthrough to promote electronic trading activities when transactions can be carried out completely, from start to finish by electronic means.
According to Deputy Secretary General, Head of the Legal Department (Vietnam Confederation of Commerce and Industry - VCCI) Dau Anh Tuan, the amended Electronic Transaction Law has an impact on all activities of social life, helping to save money. Saving society more costs than traditional transactions, creating breakthroughs and bringing great efficiency. “The parties do not need to meet face to face to carry out the transaction. Furthermore, transaction time is very quick because the parties can do it anywhere with a few simple operations on electronic devices" - said Mr. Dau Anh Tuan.
The amended Law on Electronic Transactions also helps to remove difficulties and obstacles in implementing electronic contracts, providing a legal basis for Ministers of ministries to issue regulations on electronic contracts within their authority. your industry or field. For example, the Ministry of Labor, Invalids and Social Affairs can issue a Circular on electronic labor contracts, the Ministry of Culture, Sports and Tourism can issue a Circular on electronic tourism contracts... The new law also legislates the role of national digital platforms, is an important coordination tool of the Ministry of Information and Communications such as the NDXP platform and architectural framework. Previously, Vietnam did not have a legal basis for this activity.
Another notable policy of the amended Electronic Transactions Law is data sharing, online supervision, inspection and inspection. This policy lays an important legal basis for State management using big data instead of State management in the traditional way. In addition, the amended Electronic Transactions Law has added regulations on the use and recognition of foreign electronic signatures. This regulation will reduce cross-border transaction costs for organizations and individuals; promote cross-border electronic transactions.
Promote digital economy and digital transformation
Assessing the impacts of the amended Electronic Transactions Law when it comes into effect, Mr. Dau Anh Tuan said that this Law will have a huge impact on activities in the electronic environment of State agencies and people. and DN. Clearly legislated procedures for conducting electronic transactions will ensure the legal value of electronic transactions. That way, the law will create a complete, complete, and convenient legal corridor for converting activities from the real environment to the digital environment in all industries and fields.
According to member of the Scientific Council of the National Assembly Standing Committee, Dr. Can Van Luc, recognizing electronic transactions as having the same legal value as traditional transactions with accompanying conditions is very important. important for the digital transformation roadmap of the economy in general, in the context of the current rapid growth in demand for electronic transactions.
According to Technical Director of NSC Cyber Security Company Vu Ngoc Son, the revised Electronic Transactions Law helps complete the legal corridor for transaction activities in cyberspace, expanding the scope of application of activities. Electronic transactions to all activities of social life. Especially with the issue of ensuring the legal value of electronic signatures, electronic authentication, electronic contracts in particular and the legal value of electronic transactions in general.
In the future, there will continue to be corridor documents related to the new Law specified by the Government and relevant ministries and branches. From there, it helps people and businesses become more confident and bold in conducting transactions via electronic forms. Thanks to that, the cost of operating economic activities is also expected to decrease, increasing competitiveness and economic efficiency for businesses, while bringing convenience, optimizing costs and time for businesses. people.
Source: Kinhtedothi.vn