In recent years, the encryption policy in Vietnam has shown a shift from strict restrictions to gradual openness. In 2018, the State Bank of Vietnam (SBV) explicitly prohibited cryptocurrencies as a means of payment and restricted the import of mining machines, but did not completely ban trading. In June 2025, the National Assembly of Vietnam passed the 'Digital Technology Industry Law', categorizing digital assets into virtual assets and encrypted assets, with plans to take effect in January 2026, aiming for legalization.