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Vietnam: MIC requests comments on draft Law on Electronic Transactions

The Ministry of Information and Communications ('MIC') requested, on 29 August 2022, public comments on the draft Law on Electronic Transactions (amended) 2023/QH15. In particular, the MIC highlighted the draft Law requires information created, sent, received, and stored electronically to meet a range of requirements when such information must be archived under law, which includes that such information must be accessible, usable for reference when necessary, stored in the same format in which it was generated or in a format that allows the exact content of the data message to be represented, and stored in a manner that details the origin, sender, recipient, date, and time of sending or receiving the message.  

In addition, the draft Law includes e-certificate, authentication, and electronic signature requirements, outlining that an electronic signature is one which confirms the signer and signer's acceptance of a data message, is only associated with the approved content, is created by the signer only at the time of signing, and can be checked by the parties. Furthermore, the draft Law defines trusted service providers as those with timestamp issuing services, data message authentication services, or public digital signature services.

Public comments can be submitted here until 29 October 2022.

You can read the draft Law, only available in Vietnamese, here.