Lawmakers pass revised Law on Electronic Transactions

The document, which will come into effect on July 1, 2024, consists of eight chapters and 53 articles.

The policy for electronic transaction development aims to protect the interests of the state, the public, and the legitimate rights and interests of agencies, organisations, and individuals. It ensures voluntary choices in conducting electronic transactions and allows parties to agree on the selection of technology, electronic means, electronic signatures, and other electronic confirmation methods for conducting electronic transactions, except others stated in the document.

State agencies are required to ensure that the results of administrative procedure settlement or other official activities that are not classified as state secrets are available in electronic form with the same legal validity as paper documents.

They must receive and process requests from organisations and individuals through the electronic environment, unless otherwise specified by the law.

They are also responsible for preparing contingency plans for emergency situations, particularly in case of disruptions to online network environment. These plans should include both response measures and strategies to address and recover from such incidents, ensuring the continuity of transactional activities.

During the sitting, lawmakers also voted to pass a resolution on the list and amount of capital for tasks and projects under the socio-economic recovery and development programme; the allocation, adjustment, and supplement of the mid-term public investment plan from the central budget in the 2021-2025 period; and the allocation of the central budget for the national target programme.

Accordingly, the NA decided to allocate a total of over 13.3 trillion VND (565.7 million USD) of the remaining capital of the socio-economic recovery and development programme to ministries, central and local agencies to implement investment projects that have completed the necessary procedures./.