Renovating the organizational apparatus of people’s courts for improvement of a socialist law-ruled state of Vietnam[1]
After two decades of implementing the Judicial Reform Strategy under the Party’s resolutions, judicial reforms within people’s courts have recorded remarkable achievements, helping raise the position and prestige of courts. In order to successfully implement the Resolution of the 13th National Party Congress and the Resolution of the 6th plenum of the 13th Central Party Committee, it is a need to further renew the organizational apparatus and operation of people’s courts toward building the system of independent, professional, modern, equitable, civilized and incorruptible people’s courts serving the Fatherland and the people.
Smart contracts prompt the need to improve the legal system
In Vietnam, when it comes to blockchain, people often think of virtual currency such as Bitcoin and Ethereum. But in fact virtual currency is just the first and most popular application of blockchain technology. Blockchain technology can be applied in innumerable domains, one of which is blockchain-based smart contracts. Smart contracts have been developed and are used in a variety of fields such as finance, banking, supply chain, healthcare, education, transportation, etc. The questions now are: what is the legality of smart contracts, can Vietnam’s contract law be applied to smart contracts, and in the future do we need to revise the current legal system to regulate smart contracts? This article will focus on analyzing, evaluating and clarifying the above issues.