#VietnamCryptoPolicy

Vietnam has made significant strides in cryptocurrency regulation. Here's a breakdown of their current policy¹ ² ³:

- *Cryptocurrency Legalization*: Vietnam's National Assembly passed a law on digital technology, effective January 1, 2026, recognizing cryptocurrencies and dividing them into two categories: virtual assets and crypto assets.

- *Regulatory Framework*: The law establishes a regulatory framework for digital assets, imposing strict requirements to combat money laundering and strengthen cybersecurity, aligning with international standards.

- *CBDC Exploration*: The Prime Minister has instructed the State Bank of Vietnam to explore and pilot a central bank digital currency (CBDC) built on blockchain technology.

- *Investment and Trading*: While cryptocurrencies are not recognized as a means of payment, individuals and businesses are allowed to invest in them privately.

- *Government Initiatives*: The government aims to develop a digital economy, with initiatives including:

- *Incentives for Tech Investments*: Tax incentives and land use benefits for companies investing in artificial intelligence, semiconductors, and digital infrastructure.

- *Digital Literacy*: Education and training programs to develop a digitally literate workforce.

- *Research and Development*: Support for research and development projects in emerging technologies.

The Vietnamese government's approach to cryptocurrency regulation reflects a balance between promoting innovation and mitigating risks. By establishing a clear regulatory framework, Vietnam aims to attract foreign investment and become a hub for digital technology.⁴