TL;DR
- Vietnam has officially legalized crypto assets with the approval of its “Law on Digital Technology Industry”, effective from January 1, 2026.
- This new legislation separates digital assets into two categories: virtual and crypto assets, excluding fiat or securities.
- The law also introduces a broad tech development strategy, offering incentives for AI, semiconductors, and digital infrastructure, with the goal of boosting Vietnam’s role in the global tech supply chain.
Vietnam has taken a major step in regulating its digital economy by passing a new law that grants full legal recognition to crypto assets. The Law on Digital Technology Industry, approved on June 14 by the National Assembly, will go into effect in early 2026. It sets a clear regulatory framework for digital assets, classifying them into two distinct types: virtual assets and crypto assets.
The new law not only defines how these assets are treated legally but also establishes guidelines for registration, compliance, and oversight. Businesses operating in the digital asset space will be subject to licensing and monitoring requirements, alongside stronger protocols for anti-money laundering and cybersecurity. These regulatory measures are expected to align Vietnam more closely with international standards, potentially paving the way for the country’s removal from the FATF gray list. Recent enforcement actions against fraudulent platforms also show the government’s increasing capacity to deal with crypto-related crime effectively.
Vietnam Backs AI, Semiconductors, and Tech Talent
In parallel with its crypto regulations, Vietnam’s legislation introduces robust policies aimed at accelerating its digital economy. The law supports sectors such as artificial intelligence, semiconductor production, and high-tech infrastructure. Companies operating in these fields will benefit from reduced taxes, prioritized land use, and financial incentives for research and development.
To develop a skilled workforce, regional authorities are instructed to launch training programs and offer subsidies for talent recruitment. The government will also revise education strategies to incorporate digital competencies, particularly in coding, data science, and chip engineering. These efforts are designed to expand domestic capabilities and reduce reliance on imported technologies over time.
Strategic Vision for Global Competitiveness
Vietnam’s policy shift represents more than just regulatory modernization, it reflects a wider ambition to become a regional technology leader. With a clear legal base, the country is poised to attract global investment and nurture homegrown innovation.
As the digital asset market matures, Vietnam appears ready to transition from regulatory uncertainty to a model of structured, forward-thinking engagement in the global digital economy. The comprehensive nature of this new law may serve as a blueprint for other developing nations seeking to embrace blockchain innovation while maintaining financial integrity.
