#越南加密政策

✅ Promoting regional adoption and compliant development

1. Policy demonstration effect: As one of the Southeast Asian member countries, Vietnam's step may provide a 'regulatory reference model' for neighboring countries (such as Thailand, Malaysia, Indonesia), encouraging them to further clarify the legal status of digital assets.

2. Legalization boosts confidence: Once crypto assets receive legal recognition, the confidence of businesses and investors will increase, risk assessment will become manageable, attracting more domestic and foreign capital into the crypto industry.

🚀 Promoting innovation and the rise of startups

1. Linked to AI, semiconductors, and digital infrastructure: This indicates that the government views Web3 as part of the overall digital economy, rather than a single speculative asset, which will accelerate the integration of on-chain services, AI model validation, ZK technology, and other innovative integrations.

2. Tax and funding support: If paired with venture capital incentives, tax reductions, or talent subsidies, Vietnam has the potential to become a regional Web3 startup hotspot following Singapore.

🌏 Enhancing regional competitiveness and talent repatriation

With legal clarity, local engineers and businesses can emerge from the gray zone, attracting Vietnamese expatriates and overseas talents to return, further building a regional crypto talent hub.

⚠️ Challenges still to be addressed:

Details of implementation need clarification: Such as exchange registration requirements, DeFi compliance boundaries, NFT/DAO handling methods.

Coordination with central bank digital currency (CBDC) stance: Whether Vietnam will implement a CBDC in the future will also affect the overall regulatory landscape.

🧠 Conclusion:

> **Vietnam's legislation is a turning point, with the potential to open a new chapter in the legalization and innovation of digital assets in Southeast Asia.** If executed properly, Vietnam has the opportunity to become a new model of 'crypto-friendly policies + integration with the physical industry.'