Recent key policies in Vietnam regarding ETH and other cryptocurrencies:
📜 1. Passage of the "Digital Technology Industry Law"
On June 14, 2025, the National Assembly of Vietnam passed the "Digital Technology Industry Law," officially bringing "digital assets" under regulation and recognizing the legal status of cryptocurrencies.
The law will take effect on January 1, 2026, classifying "virtual assets" and "cryptographic assets" into two categories, and providing support measures including tax incentives, land use, and R&D subsidies to boost industries such as artificial intelligence, semiconductors, and digital infrastructure.
⏳ 2. Drafting regulations and pilot progress
The Vietnamese government has instructed the Ministry of Finance and the State Bank of Vietnam (SBV) to complete the legal framework draft related to cryptocurrencies by March 2025, including allowing pilot operations of cryptocurrency asset platforms.
Specific instructions come from the Prime Minister's Directive No. 05 dated March 1, 2025, which requires the formulation of safe operation and application norms.
🏦 3. Sandbox program and establishment of financial centers
It is planned to allow cryptocurrency asset trading in financial centers (such as the Da Nang regional financial center and Ho Chi Minh City international financial center) starting in mid-2026 (from July), and to establish a regulatory sandbox pilot platform.
The government emphasizes the need to first build a complete legal framework before opening up trading rights in pilot areas.
🌐 4. Overall policy trends and background
Vietnam currently does not use ETH as a means of payment, but individual ownership and trading are not prohibited, though they exist in a legal gray area.
Due to the high rate of cryptocurrency adoption globally, the government is rapidly advancing regulatory formulation, aiming to strike a balance between anti-money laundering, transaction security, and financial technology development.
✅ Summary: Current stage of the government
1. Legal recognition: The "Digital Technology Industry Law" confirms the legal status of digital assets, effective from 2026.
2. Policy implementation: Draft to be completed by 2025, including pilot platforms, licensing, AML regulations, etc.
3. Pilot establishment: Controlled trading to open in financial centers in 2026.
Overall, Vietnam is gradually moving from gray regulation towards institutionalization and legalization. If you are interested in the application of ETH in Vietnam, 2026 will be a year to watch closely.
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