Regulators eye e-commerce

Regulators eye e-commerce

 Discussions on a new draft decree on e-commerce were held in the capital city today. The new draft aims to replace a shortage of clear regulations in Government decree No 57 issued in 2006.

According to Tran Huu Huynh, chairman of the Viet Nam 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 concerns about e-commerce security while consumers are afraid of running into troubles not completely covered in the previous decree," said Huynh.

"The lack of security has cost many enterprises hundreds of billions of dong – and consumers find no help when they get into trouble," Huynh added.

"The rapid development of e-commerce across the country calls for the update," said Nguyen Tan Nhat Linh, head of the Legal Department of Ministry of Industry and Trade (MoIT). "The draft decree is expected to become law next year."

Tran Huu Linh, head of the E‑commerce and Information Technology Agency said that more than 30 per cent of the population was now using the internet.

At today's meeting, participants put forward suggestions on improving the draft decree.

Doctor Ho Thuy Ngoc, an arbitrator from VIAC, said the draft did not clarify the regulations on e-commerce contracts.

Lawyer Le Quoc Dat from Tri Tue Law Firm said commercial banks should be asked to guarantee e-commerce payments instead of the State Bank.

According to Ha Noi Bar Association laywer Bui Thanh Lam, many fraudulent activities have been occurring due to a shortage of information about e-commerce payment methods.

"The draft decree should provide clear guidelines for enterprises," said Lam.

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