The new draft aims to replace a shortage of clear regulations in the government’s Decree No 57, which was issued in 2006.
According to Tran Huu Quynh, chairman of the Vietnam International Arbitration Centre (VIAC), the draft is a good signal for e-commerce because it concentrates on establishing trustworthiness and ways of solving conflicts.
“Enterprises have expressed concern about e-commerce security while consumers are afraid of running into problems not completely covered in the previous decree,” Quynh said. “The lack of security has cost many enterprises hundreds of billions of dong – and consumers find no help when they get into trouble.”
Meanwhile, Nguyen Tan Nhat Linh, chief of the Legal Department of Ministry of Industry and Trade (MoIT), said: “The rapid development of e-commerce across the country calls for an update. The draft decree is expected to become law next year.”
Tran Huu Linh, head of the E-commerce and Information Technology Agency said more than 30 per cent of the population was now using the Internet.
At yesterday’s meeting, participants put forward suggestions on improving the draft decree.
Dr Ho Thuy Ngoc, an arbitrator from VIAC, said the draft did not clarify the regulations on e-commerce contracts.