#VietnamCryptoPolicy

Vietnam has approved a digital technology law that legalizes crypto assets and establishes incentives for artificial intelligence, semiconductors, and infrastructure.

The law classifies digital assets into two categories: virtual assets and crypto assets. Although both are based on encryption or digital technologies for validation and transfer, neither includes values, digital fiat currencies, or other financial instruments.

The Government now has the task of defining specific business conditions, classifications, and oversight mechanisms for these types of assets.