In a landmark decision, Vietnam’s National Assembly has officially passed the Law on Digital Technology Industry, making it the first country in the world to enact a dedicated law for digital technology — including the legalization of crypto assets.
The new law, approved on June 14 and set to take effect from January 1, 2026, puts Vietnam on a bold new path toward becoming a regional tech powerhouse. It lays the legal foundation for the use and regulation of digital assets, blockchain, AI, and semiconductors, all under one comprehensive framework.
What the New Law Means for Crypto in Vietnam
The law classifies digital assets into two main types:
- Virtual assets
- Crypto assets
Both will now fall under government regulation, but the law clearly states that these assets do not include securities, digital fiat currencies, or other traditional financial instruments.
Importantly, this legal framework will help the Vietnamese government introduce new rules for licensing, oversight, AML compliance, and cybersecurity—helping the country align with international standards set by groups like the Financial Action Task Force (FATF). Vietnam has been on FATF’s “gray list” since 2023, and this move could help improve its global financial standing.
Beyond Crypto: A Bigger Tech Vision
Vietnam’s digital law isn’t just about cryptocurrencies. It also includes strong support for industries like artificial intelligence, semiconductor manufacturing, and digital infrastructure.
Key benefits for tech firms include:
- Tax breaks
- Land-use incentives
- R&D support
- Workforce development programs
Local governments will now be encouraged to train workers and introduce digital tech education in schools, signaling a long-term commitment to technological innovation.
A Step Toward Safer Crypto Adoption
This law comes at a time when Vietnam has seen both rising crypto adoption and increasing scams. Earlier this year, police uncovered fake mining projects and stopped a multi-million dollar fraud tied to a so-called spiritual coin scheme. With new regulations in place, investors and developers alike can expect more clarity and safety in the crypto space.
Why This Matters
Vietnam is sending a clear message: It wants to lead, not follow, in the digital economy. By giving crypto a legal framework, and backing innovation with real incentives, the country is laying the groundwork for tech-driven growth in Southeast Asia.
Whether you’re a blockchain startup, crypto investor, or tech educator — Vietnam just became a place to watch.
