Vietnam has taken a decisive step into the future of finance and technology. On June 14, the National Assembly approved the “Law on Digital Technology Industry,” officially legalizing crypto assets and laying the foundation for a new era of digital innovation. The law, which comes into effect on January 1, 2026, positions Vietnam as a pioneer in the region, aiming to become a major player in the global digital economy.
What Does the New Law Mean for Crypto in Vietnam?
• Legal Recognition: For the first time, crypto assets are recognized under Vietnamese law. The legislation distinguishes between “virtual assets” and “crypto assets,” both validated and transferred using digital or cryptographic technology. Notably, these categories exclude securities, digital fiat currencies, and other financial instruments.
• Regulatory Framework: The government is now responsible for defining business conditions, asset classifications, and oversight mechanisms. This will provide much-needed clarity for businesses and investors operating in the digital asset space.
• Compliance and Security: The law mandates strict cybersecurity and anti-money laundering (AML) measures, aligning with international standards. This is a direct response to the Financial Action Task Force (FATF), which placed Vietnam on its “gray list” in 2023, urging stronger controls against financial crime.
Vietnam’s Broader Digital Ambitions
The new law is not just about crypto. It signals Vietnam’s ambition to become a digital technology hub in Asia:
• Incentives for Innovation: Enterprises working in artificial intelligence, semiconductors, and digital infrastructure will benefit from tax breaks, land-use advantages, and R&D support. The focus is on core technologies like chip design and AI data centers.
• Workforce and Education: Regional governments are directed to support workforce development through subsidies and training, while digital skills will be integrated into national education policies.
• Global First: Vietnam is the first country to enact a standalone law dedicated specifically to the digital technology industry, underlining its commitment to leading in this space.
Why This Matters for the Crypto and Tech Sectors
Vietnam’s move provides a clear legal framework for digital assets, which is expected to attract both domestic and international investment. By combining regulatory clarity with incentives for tech innovation, Vietnam is setting itself up as a destination for fintech, blockchain, and AI companies looking for a supportive environment.
