Vietnam has taken a major step into the future of digital innovation. On June 14, the National Assembly approved a groundbreaking Law on Digital Technology Industry, marking the first time the country has officially recognized and regulated crypto assets. The new law is set to take effect on January 1, 2026, and lays the foundation for a regulated and secure digital economy.
Vietnam Officially Classifies and Regulates Crypto Assets
Under the new legislation, digital assets are now classified into two categories: virtual assets and crypto assets. This legal recognition is a milestone for Vietnam’s growing digital finance sector and offers much-needed clarity for investors, developers, and businesses operating in the crypto space.
To ensure global compliance, the law mandates the development of robust business conditions and oversight mechanisms. It also requires adherence to cybersecurity and Anti-Money Laundering (AML) standards—critical measures aimed at removing Vietnam from the Financial Action Task Force (FATF) gray list, where it has remained since 2023.
Government Support for Emerging Technologies and Talent
The law isn’t just about regulation—it’s a signal of Vietnam’s global tech ambitions. It includes a wide range of incentives for companies working in artificial intelligence (AI), semiconductor manufacturing, and digital infrastructure. These incentives include tax breaks, land-use benefits, and research funding to encourage growth in these cutting-edge sectors.
To support this digital transformation, Vietnam plans to ramp up education and workforce training programs. The aim is to build a future-ready talent pool, capable of driving innovation and meeting the demands of a rapidly evolving tech industry.
By becoming the first country to enact a dedicated law for the digital technology industry, Vietnam is positioning itself as a regional leader in tech innovation and digital governance. This bold legislative move reflects a long-term vision to integrate with the global digital economy while protecting national interests and consumer safety.
