Vietnam Legalizes Digital Assets ｜Sets Foundation for Regulated Crypto Economy
- Jun hao
- Jun 23
- 2 min read
Vietnamese National Assembly officially passed the Law on Digital Technology Industry, marking a historic move to legalize digital assets. The law will take effect on January 1, 2026, and positions Vietnam as one of Southeast Asia’s most progressive players in crypto regulation.
Two Clear Categories: Virtual & Crypto Assets
Under the new law, digital assets are clearly divided into two main categories:
Virtual Assets: Digital units used for exchange or investment, excluding securities, digital fiat currencies, and other traditional financial instruments.
Crypto Assets: Digital assets verified by encryption technology, also excluding any financial assets covered by existing laws.
Vietnam Legalizes Digital Assets while helping regulators distinguish between speculative tokens and technology-driven crypto use cases.
Responding to FATF Pressure
Since 2023, Vietnam has been on the FATF “gray list” due to weak anti-money laundering (AML) measures in the virtual asset space. This new legislation strengthens Vietnam’s AML regime, enhances cybersecurity protocols, and introduces counter-terrorism financing controls—key steps toward aligning with international best practices and improving its global compliance standing.
Driving Innovation: Incentives for Tech Companies
Beyond legalizing crypto, the law is a game-changer for Vietnam’s digital tech ecosystem. It offers a comprehensive suite of incentives to boost key sectors like:
Semiconductors, AI, and Software: Eligible businesses can access tax breaks, import exemptions, and land incentives.
Talent Development: Local governments are instructed to subsidize high-skilled hiring, training, and upskilling programs. Vietnam also encourages international-standard certification in digital skills.
Innovation Testbeds: Companies are allowed to test new technologies under a regulatory sandbox model—balancing flexibility and oversight.
National Vision: From Assembly Hub to Global Tech Player
The law underscores Vietnam’s ambition to become a global tech and semiconductor hub. It supports full-spectrum development in chips—from research and design to packaging and testing—and actively promotes AI deployment, AI education, and digital infrastructure development.
According to Le Quang Huy, Chairman of the National Assembly’s Science Committee, the law represents a strategic blueprint to integrate Vietnam into the global tech supply chain, while leveraging its strengths in manufacturing to climb the value ladder.
Source: cointelegraph
⚠️ Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any financial decisions.
