#VietnamCryptoPolicy 🇻🇳 Vietnam Crypto Policy Update – June 2025
1. Digital Technology Industry Law Passed
June 14, 2025: Vietnam’s National Assembly approved the groundbreaking Digital Technology Industry Law, the country’s first comprehensive crypto-specific legislation .
Effective January 1, 2026, the law officially recognizes digital and crypto assets, categorizing them as virtual assets (investment/exchange) and crypto assets (encryption-based) .
The law also sets cybersecurity and AML standards, aligning with FATF recommendations, and introduces tax incentives, state support, and R&D subsidies aimed at blockchain, AI, fintech, and semiconductors .
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2. Sandbox Programs & Planning
The Ministry of Finance (MoF) and the State Bank of Vietnam (SBV) are preparing pilot crypto regulatory sandboxes, expected to roll out from mid-2026, in coordination with exchanges like Bybit .
Draft frameworks for Fintech zones and digital asset licenses are underway through both MoF and the Ministry of Science & Tech .
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3. Adoption & Economic Context
Vietnam ranks 7th globally in crypto adoption (~21% of population; ~17 million users) and is a top country for decentralized trading volume .
The unregulated market previously contributed to vast underground economic transactions (~$100+ billion), and the new law aims to capture tax revenues and regulate this activity .
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🔍 What This Means
Vietnam is shifting from a reactive “grey zone” to a regulated, proactive, and competitive crypto market.
The legal recognition and infrastructure support pave the way for blockchain-led innovation, research, and investment.
Government-backed sandboxes and licensing frameworks suggest Vietnam is aiming to become a regional hub for digital asset development.
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Bottom Line:
With official legal status, robust frameworks, sandbox pilots, and state incentives, Vietnam is embracing crypto—turning adoption into opportunity, and regulation into growth.