Vietnam passes historic law: Officially recognizes digital assets, significant incentives for AI and chips

On June 15, 2025, the National Assembly of Vietnam passed the Law on Digital Technology Industry, marking an important milestone as digital assets are identified and legally recognized for the first time in Vietnam.

The law classifies digital assets into three main groups:

Virtual assets: used for exchange or investment.

Crypto assets: validated through encryption technology.

Other digital assets: such as digital data or non-blockchain digital products.

🎯 The law will take effect from January 1, 2026, and does not apply to securities, fiat digital currency, or traditional financial instruments.

📈 Alongside the legal framework for digital assets, the law also opens up unprecedented tax and investment incentives for businesses in the fields of AI, semiconductors, and digital infrastructure, aimed at preventing brain drain and attracting capital back home.

🔧 Companies investing in chips and AI may benefit from:

Corporate income tax of only 10% for 15 years

Exemption from import tax and land rent

Large projects also have an additional 5-year exemption from personal income tax for foreign experts

This law is expected to help Vietnam retain crypto talent, become an important link in the global technology supply chain, and aim for 150,000 digital technology enterprises by 2035.

Risk warning: The digital asset market always carries the potential for significant volatility. Investors need to thoroughly research and comply with current legal regulations. #Vietnam

Source: #Decrypt