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Vietnam legalizes cryptocurrencies under the new digital technology law
Vietnam has approved a comprehensive digital technology law that legalizes crypto assets and outlines incentives for artificial intelligence, semiconductors, and infrastructure.
The National Assembly of Vietnam approved the Digital Technology Industry Law on June 14, placing digital assets under regulatory oversight.
The legislation, which will take effect on January 1, 2026, recognizes crypto assets and lays the groundwork for broader digital innovation across the country, according to local media reports.
The law classifies digital assets into two categories: virtual assets and crypto assets. While both rely on encryption or digital technologies for validation and transfer, neither includes securities, digital fiat currencies, or other financial instruments.
The government now has the task of outlining specific business conditions, classifications, and oversight mechanisms for these types of assets.
The law also mandates cybersecurity measures and anti-money laundering prevention, aligned with international standards, an initiative likely aimed at addressing the concerns of the Financial Action Task Force (FATF). Vietnam has been on the FATF's grey list since 2023.
Vietnam aspires to a global technological role
Beyond cryptocurrencies, the legislation signals Vietnam's ambition to become a digital technology hub.
It introduces broad incentives for companies working in AI, semiconductors, and digital infrastructure. These include tax exemptions, land use benefits, and R&D support, particularly for companies developing key technologies such as chip design and AI data centers.
Regional governments are mandated to support workforce development through subsidies and training programs, while policies
