#VietnamCryptoPolicy Vietnam has taken a significant step towards modernizing its digital economy with the approval of the Digital Technology Industry Law, which will come into effect on January 1, 2026. This legislation officially recognizes digital assets within the Vietnamese legal framework, establishing clear definitions and oversight mechanisms for their creation, issuance, storage, and transfer.

The law classifies digital assets into two categories: virtual assets and crypto assets, explicitly excluding traditional financial instruments such as securities, fiat-backed stablecoins, and central bank digital currencies. This distinction allows the government to focus its regulation on decentralized assets, promoting innovation without compromising financial stability.

In addition to establishing rigorous controls against money laundering and terrorist financing, the law incorporates cybersecurity and transparency requirements, aligning with international standards of the FATF, particularly relevant as Vietnam has remained on its “grey list” since 2023. Specific business conditions for crypto asset service providers are also contemplated, including licenses and operational standards.

Beyond the crypto sphere, the legislation seeks to position Vietnam as a regional hub for technological innovation. It includes tax incentives, support for research and development, and educational reforms aimed at strengthening strategic sectors such as artificial intelligence and semiconductors. With this law, Vietnam not only regulates but also aims to lead the digital transformation in Asia.