On June 4, 2023, the National Assembly of Vietnam approved the "Digital Technology Industry Law", which establishes regulatory oversight for the sector. This was reported by local media.

The law divides digital assets into two categories: virtual and cryptocurrency. The provisions of the document will come into effect on January 1, 2026. They will promote "digital transformation, paving the way for sustainable growth of domestic technology enterprises, their deep integration into the global market, and the creation of new positions for Vietnam on the world stage".

The government is now tasked with developing specific business conditions and oversight mechanisms for these market directions.

The document also includes cybersecurity measures and anti-money laundering provisions that meet international standards.

In addition to cryptocurrencies, the new regulations reflect Vietnam's ambition to become a center for digital technology.