Vietnam legalizes crypto under new digital technology law...

A new law legalizes crypto assets and establishes regulatory standards, while also providing incentives for the development of AI and semiconductors.

Vietnam has officially legalized crypto assets as part of an important digital technology law passed by the National Assembly on June 14. Set to take effect from January 1, 2026, this law creates a regulatory framework categorizing digital assets into virtual assets or crypto assets.

Both categories do not include securities or legal tender. The government will develop specific business rules and oversight mechanisms while implementing cybersecurity and anti-money laundering standards to meet international expectations.

The new law also highlights Vietnam's ambition to become a leader in digital technology innovation. It offers extensive incentives for businesses in the fields of artificial intelligence, semiconductor manufacturing, and digital infrastructure.

Vietnamese authorities have recently taken action against major crypto scams. In February 2025, police arrested four individuals behind a fraudulent mining platform that had defrauded over 200 victims.

In December 2024, Hanoi police thwarted a scam involving a fake cryptocurrency called Quantum Financial System, which had stolen over 1 million dollars. These efforts demonstrate Vietnam's commitment to protecting investors and strengthening the digital asset ecosystem.