#VietnamCryptoPolicy

Vietnam has officially legalized crypto assets through the Law on Digital Technology Industry, passed by the National Assembly on June 14, 2025. This landmark legislation establishes a clear regulatory framework for digital assets, effective January 1, 2026.

*Key Provisions:*

- *Digital Asset Classification*: The law categorizes digital assets into two main types:

- *Virtual Assets*: Non-financial digital tools used for exchange or investment, excluding securities and digital fiat currencies.

- *Crypto Assets*: Encrypted digital units using blockchain technology to confirm ownership and process transactions, mainly referring to cryptocurrencies like Bitcoin and Ethereum.

- *Regulatory Framework*: The government will develop guidelines for licensing, compliance, consumer protection, and anti-money laundering (AML) standards aligned with international best practices.

- *Incentives for Technology Companies*: The law offers tax breaks, favorable land-use policies, and research and development subsidies for enterprises working on AI, semiconductors, and digital infrastructure.

- *Education and Workforce Development*: The law mandates investments in digital education and workforce training, with a focus on integrating digital technology skills into national curricula.

*Implications:*

- *International Compliance*: Vietnam's comprehensive approach to AML and counter-terrorism financing measures aims to address its placement on the Financial Action Task Force's gray list since 2023.

- *Digital Economy Growth*: The legislation signals Vietnam's ambition to become a digital tech hub, with a focus on emerging technologies like AI, semiconductors, and digital infrastructure.

- *Consumer Protection*: The law's consumer protection provisions and AML requirements aim to create a safer environment for legitimate cryptocurrency activities .