#VietnamCryptoPolicy

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Vietnam has just passed the Digital Technology Industry Law, officially recognizing digital and crypto assets for the first time. The law was approved by the National Assembly on June 14, 2025, and will come into force on January 1, 2026 .

It introduces two clear categories:

Virtual assets (e.g., in‑game tokens, loyalty points)

Crypto assets (using cryptographic encryption—like Bitcoin and Ethereum)

Importantly, neither group is classified as securities, fiat-backed stablecoins, or central bank digital currency . This sets a targeted framework without overlapping existing financial laws.

The law mandates licensing for exchanges, KYC/AML compliance, cybersecurity safeguards, and clear tax/reporting rules—all designed to meet FATF anti‑money‑laundering standards and help Vietnam exit the “gray list” .

To spur innovation, authorities will offer incentives like tax exemptions, R&D grants, land‑use benefits, subsidies for AI, semiconductors, and blockchain firms, plus workforce training support .

By ending regulatory ambiguity and implementing international‑standard protection, Vietnam positions itself as a serious player in Southeast Asia’s crypto ecosystem. As local and foreign businesses prepare for compliance by 2026, the law could unlock significant growth, investment, and technological opportunity.

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