Listen, imagine, Vietnam is officially legalizing cryptocurrency! The National Assembly has adopted a new law that will enter into force on January 1, 2026, and this is not just a formality — it is, in fact, the launch of a new technological era for the country.
The law is called "On the Digital Technology Industry," and it clearly states that two types of digital assets are now recognized in the country: virtual assets and crypto assets. Of course, they have nothing to do with traditional money or securities — it's about digital property like tokens and cryptocurrencies.
From now on, such assets will be under state control: clear business rules, transparency requirements, and enhanced measures to combat money laundering and cyber threats are being introduced. All this is done so that Vietnam can meet international standards (such as those set by the FATF) and cease to be listed on the "grey list" of countries with financial security risks.
But it's not just about the crypt.
At the same time, Vietnam is actively moving forward in the fields of artificial intelligence, semiconductors and digital infrastructure. The new law gives the green light to investments in microchip production, software development, and even offers tax breaks and special land-use conditions for those who do so. And in order to have enough specialists, the authorities are going to finance education and training in IT and knowledge-intensive industries.
In short, the country does not just want to catch up with the global market — it intends to become one of its leaders. The government is focused not only on economic growth, but also on real digital transformation: AI risk management, integration of digital skills into school curricula — all this is already in the plan.
Such a large—scale step is essentially an application for a global technological role in the coming decades.
Do you think Vietnam can really squeeze out the leading players in the global tech market, or is it still too ambitious?
