Implementation has gotten underway with Vietnam’s 2005 Law on Electronic Transactions providing guiding documents and provisions ensuring the legal basis for electronic contracts and certification. In other words, they form the foundation for the legal validity of electronic contracts. In order to attract businesses to make use of the technology, electronic transactions must be safe and secure. Recently, businesses across the country have adopted multiple electronic authentication solutions to enhance operational efficiency, including tools such as electronic certification, digital signatures, electronic-Know Your Customer, identity verification and electronic contracts. The use of digital signatures from verified and reputable accounts could also boost confidence for both sides conducting digital transactions.

Source: The Star October 17, 2024 00:34 UTC