After 17 years of implementation, the provisions of the Law on E-Transactions 2005 have revealed certain shortcomings and limitations when implemented in practice, and are no longer suitable for economic and social development. In order to overcome such limitations and improve the regulations on e-transactions, the Law on E-Transactions 2023 was promulgated by the National Assembly on June 22, 2023, and will take effect from July 1, 2024. Some new points of the Law on E-Transactions 2023 are as follows:
(i) Amending and supplementing regulations related to data messages
(ii) Amending and supplementing regulations on e-signatures;
(iii) Supplementing regulations related to trust services.