The National Assembly of Vietnam just passed the Digital Technology Industry Law on June 14, effective from January 1, 2026.
The law recognizes digital assets, including virtual assets and cryptocurrencies, excluding securities, digital fiat money, or financial instruments.
The government will continue to develop detailed regulations on business conditions, classification, and supervision mechanisms for these types of assets.
This law also requires cybersecurity measures and anti-money laundering that align with international standards, an effort that may address the concerns of the Financial Action Task Force (FATF).
Vietnam has been on the FATF's 'gray list' since 2023.
Vietnam aims for a global technology role.
The Digital Technology Industry Law not only regulates cryptocurrencies but also reflects the ambition to make Vietnam a digital technology hub.
The law offers significant incentives for businesses in the fields of AI, semiconductors, and digital infrastructure, such as tax reductions, land support, and R&D.
Local authorities are tasked with training human resources, integrating digital skills into education. Vietnam also becomes the first country in the world to enact a separate law for the digital technology sector.