VOV.VN - The draft Law on E-Commerce is set to establish a new legal foundation for boosting cross-border e-commerce exports and enabling Vietnamese enterprises to access the global market.

The State Bank of Vietnam (SBV) will research and amend regulations on safety and security in online banking service provision to better protect customers, an SBV official said on July 4.

The Government’s policy of promoting cashless payment has triggered the spread of online payments in Vietnam as well as the race of new technologies, contributing to boosting the digital economy.

The National Electronic Authentication Centre (NEAC), Ministry of Information and Communication (MIC), Vietnam Banks Association and Certificate Authority and Digital Transaction Club (VCDC) on October 17 held a workshop on the role of personal digital signatures in online payment.

The Centre of Information and Digital Technology of the Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade is expected to launch a system to ensure transactions in e-commerce from now until the end of the year.

Over 644,000 payment transactions with a total value of more than VND279 billion (over US$11.8 million) were processed through the National Public Service Portal in January, according to the Ministry of Information and Communications.

Forms of digital payment have become more popular in Vietnam, particularly e-wallets and QR codes.

Ho Chi Minh City is focusing on developing its infrastructure system serving e-commerce amid the rising trend in online shopping, according to the city’s Department of Industry and Trade.

Revenues posted by e-commerce platforms for January were up 30% year-on-year despite there being fewer promotions than in previous years, figures from the Ministry of Industry and Trade and the platforms reveal.

The number of services provided via the National Public Service Portal has reached 2,700 after four new ones made debut on December 30, expected to help save VND8 trillion (US$346.9 million) each year.