#VietnamCryptoPolicy

Vietnam legalizes cryptocurrencies with a new digital technology law.

Vietnam has approved a digital technology law that legalizes cryptoassets and establishes incentives for artificial intelligence, semiconductors, and infrastructure.

The National Assembly of Vietnam approved the Law on Digital Technology Industry on June 14, subjecting digital assets to regulatory oversight.

The legislation, which will take effect on January 1, 2026, recognizes cryptoassets and lays the groundwork for broader digital innovation throughout the country, according to local media reports.

The law classifies digital assets into two categories: virtual assets and cryptoassets. Although both are based on encryption or digital technologies for their validation and transfer, neither includes securities, digital fiat currencies, or other financial instruments.

The government now has the task of defining specific business conditions, classifications, and oversight mechanisms for these types of assets.

The law also requires cybersecurity and anti-money laundering measures in accordance with international standards, in an effort likely aimed at addressing concerns from the Financial Action Task Force (FATF). Vietnam has been on the FATF's "gray list" since 2023.

Vietnam aims to play a global technological role

Beyond cryptocurrencies, the legislation highlights Vietnam's ambition to become a digital technology hub.

This introduces broad incentives for companies working in artificial intelligence, semiconductors, and digital infrastructure. These include tax exemptions, benefits for land use, and support for Research and Development, particularly for companies developing foundational technologies such as chip design and artificial intelligence data centers.