Decree No. 23/2005/L-CTN of the President announcing the Electronic Transactions Law, which was passed by the National Assembly on November 29, 2005. This Law stipulates the legal aspects related to the use of information technology in business and trade activities.
Key points
- The Electronic Transactions Law applies to individuals and organizations conducting transactions over the Internet or other digital systems.
- Parties involved in electronic transactions must comply with regulations regarding the verification and storage of information, ensuring the accuracy and completeness of data.
- The Law stipulates the legal responsibilities of parties during electronic transactions, including cases of disputes.
- Organizations providing electronic transaction services must comply with regulations concerning information security and cybersecurity.
🌐 Social impact of this document
- Establishing a legal basis for the development of e-commerce, promoting innovation in business operations.
- Reducing legal risks for parties involved in electronic transactions, protecting their legitimate rights.
❓ Frequently asked questions
Who does the Electronic Transactions Law apply to?
This Law applies to individuals and organizations conducting transactions over the Internet or other digital systems.
What regulations must parties involved in electronic transactions comply with?
Parties involved in electronic transactions must ensure the accuracy and completeness of data and comply with regulations regarding the storage of information.
What are the legal responsibilities of parties during electronic transactions?
Parties must be responsible for the content, accuracy, and legality of transaction information. Disputes may arise if regulations are violated.
What regulations must organizations providing electronic transaction services comply with?
Organizations must ensure cybersecurity and information security, comply with regulations regarding customer privacy protection.
Full text
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PRESIDENT OF THE STATE |
SOCIALIST REPUBLIC OF VIETNAM Independence – Freedom – Happiness |
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Number: 23/2005/L-CTN |
Hanoi, December 9, 2005 |
ORDER
Regarding the promulgation of the Law
PRESIDENT OF THE SOCIALIST REPUBLIC OF VIET NAM
On the basis of Article 103 and Article 106 of the Constitution of the Socialist Republic of Vietnam in 1992, amended and supplemented by Resolution No. 51/2001/QH10 dated December 25, 2001 of the National Assembly, Session 10, Term X;
Pursuant to Article 91 of the Law on the Organization of the National Assembly;
Pursuant to Article 50 of the Law on Legislative Regulatory Documents;
NOW PROMULGATES:
Law on Electronic Transactions
Passed by the National Assembly of the Socialist Republic of Vietnam, 11th Term, 8th Session, November 29, 2005./.
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PRESIDENT OF THE STATE |
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(Signed) |
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Tran Duc Luong |
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