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Official Gazette

Saturday, October 24, 2020
Tags: e-commerce
Glossary of digital transformation terms Glossary of digital transformation terms
Platforms providing cross-border services and the adversity of reversed protection of foreign businesses in Vietnam Platforms providing cross-border services and the adversity of reversed protection of foreign businesses in Vietnam
In the era of Industry 4.0, the physical border gradually becomes invisible when all services are provided and people’s demands are satisfied in the cyberspace where there are no borderline that may prevent any organizations or individuals with adequate capacity, passion and creativity from providing their own services worldwide.
Vietnam good at taking advantage of crisis: WB expert Vietnam good at taking advantage of crisis: WB expert
Vietnam has been always very good at taking advantage of crisis to accelerate reforms and move faster and grow better, Jacques Morisset, World Bank Lead Economist and Program Leader for Vietnam, has said.
Signing contracts by electronic means Signing contracts by electronic means
This article provides an overview on the use of electronic signature in Vietnam, including the current practice, regulatory framework and its application in judicial practice of the courts in relation to the validity of electronic signature. We hope that our readers may find it useful in the practice relating to signing contracts by electronic mean.
Official Gazette issues Nos 37-40/2020 issued on July 15 2020 Official Gazette issues Nos 37-40/2020, issued on July 15, 2020
Vietnam wishes to further promote cashless payment Vietnam wishes to further promote cashless payment
The first “Cashless Day” of Vietnam was held on June 16 with a series of events designed to encourage non-cash payment in the country.
First online dispute resolution system in Vietnam launched First online dispute resolution system in Vietnam launched
The Hanoi International Arbitration Council has recently launched its online dispute resolution (ODR) system on its website www.hiac.vn.
PM targets powerful prosperous status for southern key economic region by 2035 PM targets powerful, prosperous status for southern key economic region by 2035
Prime Minister Nguyen Xuan Phuc on May 30 requested the southern key economic region to strive to become a powerful and prosperous region by 2035, ten years ahead of the deadline for the same goal for the whole Vietnam.
MOF guides tax-related e-transactions MOF guides tax-related e-transactions
Taxpayers could conduct tax-related e-transactions around the clock via the portal of the General Department of Taxation or portals of other competent state agencies that are connected to the GDT’s, says a draft circular designed by the Ministry of Finance.
Shaping a legal framework for cryptoassets in Vietnam Shaping a legal framework for cryptoassets in Vietnam
For the time being, there has been no unified definition of “cryptoasset” or “digital asset” or “virtual asset” in the world. According to the Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog, “a virtual asset is a digital representation of value that can be digitally traded, or transferred, and can be used for payment or investment purposes.”[1] Canada’s model legislation regarding digital assets, the Uniform Access to Digital Assets by Fiduciaries Act, defines “a digital asset” as “a record that is created, recorded, transmitted or stored in digital or other intangible form by electronic, magnetic or optical means or by any other similar means.”[2] Cryptocurrency (or virtual currency) is a form of cryptoassets (or virtual assets). There is also no unified definition of this term in the world.

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