Vienam new laws on the safety of electronic transactions

The Ministry of Finance of Vietnam recently issued new regulations on the electronic trading in the stock market. The Circular 87/2013/TT-BTC provides a range of content to enhance security requirements for GDCKTT (Online Stock Trading) information, including required authenticaion information using digital certificates and digital signatures. Furthermore, the Circular lists provisions for licenses to provide GDCKTT services. When one wants to provide GDCKTT, it is required to apply for a license to provide this service. The Circular also determines 4 cases when a service provider breaks certain rules and rerquirements and why approval may be withdrawn. Additionally, there are 11 forms issued as new documents for the registartion and operation of GDCKTT. The Circular shall be effective as of 15th August, 2013. ANT Lawyers Your lawyers in Vietnam