#VietnamCryptoPolicy Vietnam is undergoing a significant shift in its approach to cryptocurrency regulation. The National Assembly recently passed the Law on Digital Technology Industry, which will take effect on January 1, 2026. This legislation officially recognizes crypto assets, classifying them into two categories: virtual assets and crypto assets. Importantly, these classifications exclude securities, digital fiat currencies, and other traditional financial instruments, indicating a move toward a distinct regulatory framework for digital assets.

The law mandates the Ministry of Finance to develop specific business conditions, classifications, and oversight mechanisms for these asset types. Additionally, it requires the implementation of cybersecurity and Anti-Money Laundering (AML) safeguards aligned with international norms, addressing concerns raised by the Financial Action Task Force (FATF). Vietnam has been on the FATF "gray list" since 2023, and this move aims to enhance its compliance and reputation in the global financial community.

Beyond cryptocurrency, the legislation signals Vietnam's ambition to become a digital technology hub. It introduces incentives for enterprises working in artificial intelligence (AI), semiconductors, and digital infrastructure, including tax breaks, land-use benefits, and research and development support. These measures are designed to foster innovation and attract investment in the digital sector.

This comprehensive approach positions Vietnam as a forward-thinking nation in the realm of digital technology, aiming to balance innovation with regulation to ensure a secure and thriving digital economy.