#VietnamCryptoPolicy The new law on digital technologies in Vietnam: regulation of cryptocurrencies and support for high-tech sectors.
Key provisions of the law:
The National Assembly of Vietnam recently adopted a comprehensive law 'On the Digital Technology Industry', which has two main directions:
1. Regulation of the cryptocurrency market - creating legal frameworks for operations with digital assets
2. Government support for high-tech sectors - special attention is given to artificial intelligence and the semiconductor industry
Government subsidies for the development of AI and semiconductors:
One of the most significant aspects of the new law is the provision of government subsidies for workforce development in the fields of:
- Artificial intelligence (AI)
- Semiconductor production
- Other advanced technology areas
These measures are aimed at creating a qualified workforce capable of competing globally in high technology.
Geopolitical context:
The adoption of this law occurs against the backdrop of complex trade relations between the USA, China, and Vietnam:
- Pressure from the USA - according to sources, the USA is pressuring Vietnam to reduce the use of Chinese technologies in devices assembled in Vietnam for subsequent export to America
- Technological independence - Vietnam aims to strengthen its own technological potential while balancing between major economic partners
Importance for the cryptocurrency market:
The new law creates legal certainty for Vietnam's crypto industry, which may lead to:
- Growth of legal cryptocurrency operations
- Attracting foreign investments in local blockchain projects
- Integrate crypto technologies into the existing financial system
Strategic significance;
The adoption of this law can be seen as part of a broader strategy of Vietnam to:
- Diversification of the economy
- Reducing dependence on traditional manufacturing sectors
- Positioning the country as a tech hub in Southeast Asia
Conclusion:
Vietnam, home to major manufacturing facilities of tech giants like Apple and Samsung, seeks to move up the value chain by developing its own high-tech industries and regulating new digital markets.
