Solution promotes e-contracts between businesses

The Vietnam e-Commerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade on August 8 launched the ERP Store solution with the aim of helping businesses reach the goal of a paperless office.
solution promotes e contracts between businesses

At the launching ceremony (Source: VNA)

The solution allows enterprises to digitise contract signing — the most important aspect of their trade activities — as well as widely applying e-documents. These could help firms better deploy the advantages of digital technology in their management.

The ERP Store which was developed by iDEA allows companies to implement e-contract signing. Accordingly, they only need the tax code and USB token containing a digital signature to implement the signing. Each firm will have four accounts with different roles including drafter, approver, stamper, and director.

Dang Hoang Hai, iDEA Director, said previously many businesses used office software. Digitalisation is not new for many firms. However, forging digital connections between companies has been difficult, especially when it comes to signing contracts and documents.

Meanwhile, enterprises have been using paper documents, costing time and money as well as creating security issues. The ERP solution would help firms quickly connect with each other and sign contracts while ensuring security as all information is encoded.

Legally, the regulations for electronic signatures are now complete. Specifically, the Government promulgated the Law on Electronic Transactions on November 29, 2005; Decree No 26/2007 / ND-CP of February 15, 2007, detailing the implementation of the Electronic Transaction Law on digital signatures and digital signature certification services.

In addition, e-contract signing was also confirmed by the master plan on development of the national e-commerce in 2016-20 period dated on August 8, 2016. The regulations ensure firm legality for e-contracts.

Notably, businesses will enjoy the services free of charge for their first two years using the programme.

Source: VNA

Related News

Responding to trade competition, businesses are forced to innovate technology

Responding to trade competition, businesses are forced to innovate technology

VCN - According to the Global Innovation Index (GII) 2024 Report published by the World Intellectual Property Organization (WIPO) a few days ago, Vietnam ranked 44th out of 133 countries, up from 46th in 2023 - continuing to improve its position since 2013.
Quang Ninh Customs attaches partnership development to reform activities

Quang Ninh Customs attaches partnership development to reform activities

VCN - The development of Customs-Business partnership will continue to be focused on by Quang Ninh Customs Department in the coming time, with the goal of further improving the quality and effectiveness of accompanying and supporting businesses, promoting import and export through the area.
Ho Chi Minh City Customs: Diversifying forms of support for businesses in compliance

Ho Chi Minh City Customs: Diversifying forms of support for businesses in compliance

VCN - The program received positive feedback from businesses as they enjoyed benefits such as reducing the rate of physical inspection of goods, supporting convenient customs procedures, and proactively preventing violations during import and export activities.
Businesses report Customs many issues

Businesses report Customs many issues

VCN - Although the production and import-export situation has gradually recovered in recent months, trade and import-export activities still face many risks and are difficult to predict. Therefore, all parties, including the Customs agency, need to introduce many solutions to continue accompanying businesses.

Latest News

Ho Chi Minh City partners with nine provinces to boost import and export activities

Ho Chi Minh City partners with nine provinces to boost import and export activities

VCN - Ho Chi Minh City (HCMC) and nine provinces in the northern and north-central regions are cooperating in socio-economic development, leveraging each region's advantages and potential to boost import and export activities.
Vietnam

Vietnam's second rice brand enters picky Japanese market

Japonica - AAN has become the second Vietnamese rice brand to have entered Japan, with a ceremony held on October 9 to debut the produce.
Enterprises need to be ready to respond to trade defense

Enterprises need to be ready to respond to trade defense

VCN - According to the Department of Trade Defense, through the process of protecting the rights of Vietnamese manufacturing and exporting enterprises in each trade defense case, the outcome of the appeal depends largely on the quality of coordination between the parties involved.
Foreign investors interested in green development, semiconductor industry in Vietnam

Foreign investors interested in green development, semiconductor industry in Vietnam

Green, clean development and semiconductor chip production are among the sectors in Vietnam that foreign investors are interested in, according to VinaCapital CEO and Founding Partner Don Lam.

More News

Vietnam’s stainless steel exports under dual investigation

Vietnam’s stainless steel exports under dual investigation

The US Department of Commerce (DOC) has initiated an anti-dumping and countervailing duty investigation into corrosion-resistant steel (CORE) imported from Vietnam, alongside nine other countries and territories.
F&B industry to reach 30 billion USD in 2024

F&B industry to reach 30 billion USD in 2024

The Ministry of Industry and Trade (MoIT) forecasts that the revenue of the food and beverage (F&B) industry will grow by 10.92% this year, reaching more than 720 trillion VND (29.8 billion USD).
Self-sufficiency in raw materials critical for garment, footwear

Self-sufficiency in raw materials critical for garment, footwear

Vietnam needs breakthrough solutions to upgrade the value chains of the garment and footwear industries with the focus on achieving self-sufficiency in raw materials to increase added value and develop sustainably.
To successfully export fresh coconuts to China

To successfully export fresh coconuts to China

VCN - The large demand of the Chinese market not only exposes a "golden” opportunity to the Vietnamese coconut industry, but also poses potential risks for businesses if there is no systematic investment in raw material areas as well as strict control over the cultivation, harvesting, and processing processes...
Standardising fruit quality can open up new markets for Vietnam: Insiders

Standardising fruit quality can open up new markets for Vietnam: Insiders

There is plenty of room for Vietnamese fruit and vegetables to enter more stringent markets such as the US, Australia, and the EU by focusing on high-quality fruit, accurate origin certificates, and food safety standards, according to insiders.
Five amended laws to untie investment knots

Five amended laws to untie investment knots

VCN - According to Tran Quoc Phuong, Deputy Minister of Planning and Investment, numerous provisions within the draft Law on Public Investment (amended) and the Law amending and supplementing a number of articles of the Law on Planning, the Law on Investment, the Law on Public-Private Partnership Investment, and the Law on Bidding, will effectively remove practical obstacles and unleash resources for growth upon enactment.
Ho Chi Minh City: Determined to become the leading logistics center in the region

Ho Chi Minh City: Determined to become the leading logistics center in the region

VCN - Promoting the potential of the largest city in the country, Ho Chi Minh City has a plan to develop the logistics industry, aiming to improve the capacity of seaports and become the leading logistics center in the region.
Vietnam's rice export turnover up 23.5% in nine months

Vietnam's rice export turnover up 23.5% in nine months

Vietnam exported over 7 million tonnes of rice worth 4.37 billion USD in the first three quarters of 2024, up 9.2% in volume and 23.5% in value compared to the same period last year, the Ministry of Agriculture and Rural Development (MARD) has reported.
How does the Fed

How does the Fed's interest rate cut affect Vietnam?

VCN - In the latest meeting of the Federal Open Market Committee (FOMC), the Fed decided to cut interest rates by 50 basis points to a range of 4.75%-5%. Analysts have given different perspectives on this decision.
Read More

Your care

Latest Most read
Ho Chi Minh City partners with nine provinces to boost import and export activities

Ho Chi Minh City partners with nine provinces to boost import and export activities

VCN - Specific cooperation programs, from promoting local products in HCMC to projects on human resource training and digital transformation, have yielded practical outcomes. Nearly 10 regional coordination activities have been implemented with the partic
Vietnam

Vietnam's second rice brand enters picky Japanese market

Japonica - AAN has become the second Vietnamese rice brand to have entered Japan, with a ceremony held on October 9 to debut the produce.
Enterprises need to be ready to respond to trade defense

Enterprises need to be ready to respond to trade defense

VCN - According to the Department of Trade Defense, through the process of protecting the rights of Vietnamese manufacturing and exporting enterprises in each trade defense case, the outcome of the appeal depends largely on the quality of coordination bet
Foreign investors interested in green development, semiconductor industry in Vietnam

Foreign investors interested in green development, semiconductor industry in Vietnam

Green, clean development and semiconductor chip production are among the sectors in Vietnam that foreign investors are interested in, according to VinaCapital CEO and Founding Partner Don Lam.
Vietnam’s stainless steel exports under dual investigation

Vietnam’s stainless steel exports under dual investigation

The US Department of Commerce (DOC) has initiated an anti-dumping and countervailing duty investigation into corrosion-resistant steel (CORE) imported from Vietnam, alongside nine other countries and territories.
Mobile Version