THE REGULATION OF VIETNAMESE LAW ON E-SIGNATURES AND DIGITAL SIGNATURES
Recently, with the drastic development of science and technology, e-signatures and digital signatures are being widely used in transaction activities in most fields. However, what are their legal validity and how are they regulated by Vietnamese law? The Newsletter herein shall illumine the aforementioned question.
1. Definition of e-signature and digital signature
An e-signature is established in the form of words, letters, numerals, symbols, sounds or other forms by electronic means, logically attached or associated with a data message and capable of certifying the person who has signed the data message as well as the approval of such person to the content of the signed data message.
E-signatures are commonly used in electronic transactions with the purpose of certifying the author signed the data. An electronic signature is an alternative to an individual's or business's handwritten signature and may be certified by e-signature certification service providing organizations.
Digital signature is a form of e-signature created by the transformation of a data message using asymmetric cryptography in which those who have initial data messages and the public key of the signer could be determined exactly:
- The aforementioned transformation is created by the correct private key corresponding to public key in the same key pair;
- The integrity of the content of data messages since the transformation discussed herein is implemented.
Additionally, it is regarded that a digital signature is a form of e-signature created with digital authentication to secure information and documents.
Hence, it is self-evident that the similarity of e-signature and digital signature is that they can replace traditional handwritten signatures while also being used in online transactions. However, innumerable persons still confuse these two concepts. The following section shall discriminate and analyze the distinctive traits of the two types of signatures hereof.
2. Comparison e-signatures and digital signatures
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3. How is an e-contract considered to have full legal validity?
E-contracts mean contracts established in the form of data messages (the information is created, sent, received and stored electronically).
Bases for evaluating a contract to have full legal validity:
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Above is DHT Law Firm’s legal advice on the regulation of Vietnamese law on e-signatures, digital signatures and e-contracts. If you have any questions or concerns, please contact us for timely and quality support.