Knowledge Center

1. New Law on Electronic Transactions On 22 June 2023, the National Assembly adopted the Law No. 20/2023/QH15 on Electronic Transactions (“ET Law 2023”). The ET Law 2023 takes effect from 01 July 2024 and replaces the Law on Electronic Transactions 2005. The ET Law 2023 provides the legal framework for data messages, electronic certificates, electronic signatures, digital signatures, electronic contracts and trust services to further develop electronic transactions and to promote digital transformation. Some […]

While Vietnam remains a predominantly cash-based economy, its legal frame work on anti-money laundering, according to the Asian Pacific Group on Money Laundering (APG)’s assessment in its Mutual Evaluation Report dated January 2022, is still incomprehensive and limited, which makes the country itself vulnerable to risks of money laundering. Pursuant to the report on national risk assessment on money laundering and terrorism financing conducted by the Vietnamese authority for the period of 2012-2017, the risk […]