The New Law on E-Transactions

The National Assembly of Vietnam passed the former Law on E-transactions (Former Law) 18 years ago at the early stages of Vietnam’s information technology infrastructure. Given the ever-increasing demands of internet users and the burgeoning establishment and operation of digital platforms and services, the Former Law reveals several drawbacks which necessitate further amendments to reflect the fast-growing digital economy in Vietnam.

On 22 June 2023, the National Assembly adopted the new Law on E-Transaction (New Law), which supersedes the Former Law as from 1 July 2024.

We discuss the key features of the New Law which may have an impact on the operation of the private sector especially in the context of cross-border transactions with foreign contracting parties

File: Legal-Update-New-Law-on-E-Transactions-August-2023.pdf