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Vietnam: National Assembly Debates New Law on Electronic Transactions
Source: vientianetimes.org.la
Source Date: Monday, December 10, 2012
Focus: E-Participation
Country: Viet Nam
Created: Dec 10, 2012

The National Assembly switched its focus to the approval of new and amended laws on Friday after debating development projects since the ongoing session opened last Tuesday.

Members began by discussing the draft of a Law on Electronic Transactions, which is required for Laos' accession to the World Trade Organisation next year. It will also be necessary when the Asean Economic Community comes into effect in 2015.

Minister of Science and Technology Prof. Dr Boviengkham Vongdara presented the draft law, highlighting the need to enact the law so that electronic transactions could be properly regulated.

He explained that an electronic transaction is a form of agreement making or the exchange of information through the use of electronic devices.

“In recent years, electronic transactions have been increasingly used in various sectors, especially in banking, trading, taxation, tourism, e-governance and so on.”

But the management of such transactions remains a challenge because the existing laws and regulations do not cover issues related to consumer protection, the electronic certification of licences, and the recognition of electronic documents.

It has become essential for Laos to enact this law to regulate electronic transactions and ensure that Laos benefits from today's technological developments.

The draft has been developed from the Decree on Electronic Trade and the new content brings it into line with other laws enacted by Laos and other countries.

The draft has already been debated in a number of meetings to get input from various sectors so the law will be as comprehensive as possible.

Prof. Dr Boviengkham said the law fulfils Party policy and supports the government's socio-economic development plan and various international conventions that Laos is party to.

The draft law comprises 10 parts and 55 articles. The first part refers to the purpose of the law and government policy in relation to electronic transactions, and gives explanations of the vocabulary used.

The second part talks about electronic documents and agreements, the third covers electronic licences, the fourth talks about electronic transactions within government organisations, the fifth covers mediation, the sixth relates to prohibitions, the seventh discusses the settlement of disputes relating to electronic transactions, the eighth talks about management and inspection, and the ninth part talks about policies for those who perform well in this field and measures to be taken against violators.
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