How The Amended Law On E-Transactions Will Change The Online Landscape

Introduction

In line with the sustainable development goal of the United Nations,¹ in 2020, the Government of Vietnam approved the National Digital Transformation Program to 2025, with vision to 2030 (NDTP 2020). The program's goal is to make Vietnam a digital, stable, and prosperous country that leads in innovation and adoption of new technologies and models, revolutionizes the Government's management and administration, the enterprises' production and business, and the people's living and working standards, and establish a safe, humane, and universal digital environment by 2030.

The amended law on E-transactions was passed by the National Assembly of Vietnam on 22 June 2023 (LoET 2023). Inspired by the Model Law on E-Commerce of the United Nations Commission on International Trade Law (UNCITRAL),² the LoET 2023 strives to fully represent the real-life transactions in the e-environment and boost Vietnam's economy to quickly keep pace with the modern