#VietnamCryptoPolicy

Vietnam's cryptocurrency policy has undergone significant developments, with the government actively working on creating a legal framework for digital assets. Here are the key points¹ ² ³:

- *Regulatory Framework*: Vietnam's National Assembly passed the Law on Digital Technology Industry on June 14, 2025, which establishes a clear regulatory framework for crypto assets. The law takes effect on January 1, 2026, and aims to foster innovation while ensuring consumer protection.

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

- *Virtual Assets*: Digital assets used for exchange or investment purposes.

- *Crypto Assets*: Digital assets that rely on encryption technology to validate transactions and ownership.

- *Exclusions*: Neither virtual nor crypto assets include securities, digital representations of fiat currency, or other financial instruments already regulated by existing laws.

- *Government Oversight*: The government will define asset classifications, set business conditions, and oversee operations. Relevant agencies will enforce strict anti-money laundering (AML) and counter-terrorism financing (CTF) standards.

- *Taxation*: Cryptocurrencies are considered investment assets and are subject to tax. The government plans to introduce a new tax policy by the end of 2025, which may include a 0.1% tax on each transaction, potentially generating over $800 million annually.

- *Incentives for Innovation*: The law introduces incentives for businesses involved in digital infrastructure, semiconductors, and artificial intelligence, including tax breaks, land-use benefits, and research and development support.

- *Education and Workforce Development*: The government plans to incorporate digital technology skills into national curricula and provide workforce development programs to support the growth of the digital economy.

Overall, Vietnam's cryptocurrency policy aims to strike a balance between innovation and risk management, providing a clear regulatory framework for the industry while ensuring consume