#VietnamCryptoPolicy Vietnam’s National Assembly passed a landmark law regulating digital assets and formally categorizing them into virtual assets, crypto assets, and other digital assets, each with defined legal status under civil law.

The law also introduces major tax and investment incentives to boost domestic innovation in semiconductors, artificial intelligence, and digital infrastructure, effective January 1, 2026.

The new legislation aims to curb offshore migration by offering clear rules and incentives to keep crypto firms and talent in Vietnam.

Vietnam's National Assembly overwhelmingly approved landmark legislation Saturday, legalizing digital assets and establishing sweeping incentives for semiconductor manufacturing, artificial intelligence development, and digital technology startups.

The Law on Digital Technology Industry passed with 441 votes in favor out of 445 lawmakers present, making Vietnam one of the first countries to comprehensively regulate digital assets through dedicated legislation rather than traditional financial frameworks.

The law, which takes effect January 1, 2026, defines digital assets as products "created, issued, transferred and authenticated using blockchain technology" with clear property rights under civil law.

The move addresses a critical problem that has forced Vietnamese crypto and tech companies to relocate operations to Singapore and other jurisdictions with clearer regulations.