Legal Updates for October 2023

New Law on Electronic Transactions

On 22 June 2023, the National Assembly passed the new Law on Electronic Transactions No. 20/2023/QH15 dated 22 June 2023 ("LOET"). The LOET will replace the currently effective Law on Electronic Transactions that was enacted in 2005. It will take effect from 1 July 2024.

New Law on the Protection of Consumer Rights

On 20 June 2023, the National Assembly of Vietnam passed the new Law on the Protection of Consumer Rights ("LPCR"). The LPCR will replace the currently effective Law on the Protection of Consumer Rights that was enacted in 2010. It will take effect from 1 July 2024.