VASC launches new e-commerce products

http://vietnamnews.vnagency.com.vn/2002-04/30/Stories/21.htm

VASC LAUNCHES NEW E-COMMERCE PRODUCTS

HA NOI — Viet Nam’s e-commerce got a boost on Monday when the Viet Nam
Software Development Company (VASC) introduced software that can verify the
authenticity of business transactions and payments in cyber space.

Director of the company – a Viet Nam Posts and Telecommunications
Corporation (VNPT) affiliate – Nguyen Anh Tuan said that the launch of
VASC’s Certification Authority (CA) and Payment software was a breakthrough
for the industry.

The CA is similar to electronic signatures used widely in developed
countries over the past decade to protect Internet transactions from
hackers, impostors, eavesdroppers and denial of origin in the virtual
world, Tuan said.

Meanwhile, the payment software could help net users who have a bank
account, and service providers, pay on-line for cyber-shopping and other
public services.

The Bank for Foreign Trade of Viet Nam (Vietcombank) and Technological and
Commercial Bank (Techcombank) will be the two commercial banks to offer the
service and VMS mobile phone users will be able to pay the service
providers through the Internet. — VNS