#VietnamCryptoPolicy Vietnam's cryptocurrency policy has undergone significant developments recently. Here's an overview ¹ ²:

- *Legality:* Cryptocurrency ownership and trading are not strictly illegal in Vietnam, but using them as a payment method for goods and services is prohibited.

- *Regulatory Framework:* A comprehensive legal framework for cryptocurrency regulation is expected to be in place by January 1, 2026, which will address ownership, Anti-Money Laundering (AML) measures, taxation policies, and licensing requirements for crypto operations.

- *Classification:* Digital assets will be categorized into virtual assets and crypto assets, with the government outlining specific business conditions, classifications, and oversight mechanisms.

- *Taxation:* The taxation of cryptocurrency is still ambiguous, but the Ministry of Finance previously stated that buying and selling digital currency is subject to value-added tax (VAT) and corporate income tax (CIT).

- *AML Measures:* Vietnam has implemented AML regulations, requiring organizations providing payment services to implement Know-Your-Customer (KYC) measures and report suspicious transactions.

*Recent Developments:*

- *New Law:* Vietnam's National Assembly approved the Law on Digital Technology Industry on June 14, 2025, which recognizes crypto assets and outlines incentives for AI, semiconductors, and digital infrastructure.

- *Effective Date:* The law will take effect on January 1, 2026, and aims to position Vietnam as a digital tech hub.

- *Incentives:* The law introduces tax breaks, land-use benefits, and R&D support for enterprises working in AI, semiconductors, and digital infrastructure ² ³.

*Impact on Businesses and Investors:*

- *Increased Legitimacy:* Clear regulations may encourage broader adoption and lay the groundwork for increased retail and institutional engagement.