- National Assembly passed the Digital Technology Industry Law on June 14, 2025.
- Crypto assets and virtual assets now legally recognized; AML and cybersecurity required.
- Law activates Jan 1, 2026, with incentives for innovation in AI, blockchain, and semiconductors.
Legal Recognition of Crypto Assets
On June 14, 2025, Vietnam’s National Assembly approved the Law on Digital Technology Industry, marking the first time the country formally recognizes crypto assets and virtual assets as legal entities . The law clearly defines these two categories and explicitly excludes securities, fiat digital currencies, or financial instruments from their scope .
A Regulated Framework Comes into Force
The new law sets January 1, 2026, as the start date for implementation . It mandates the government to establish clear rules around:
- Business classifications and licensing
- Cybersecurity resilience
- Anti-Money Laundering (AML) and counter‑terror financing aligned with FATF standards .
Vietnam has been on the FATF grey list since 2023 due to AML concerns. This move aims to align with international norms and strengthen financial oversight .
Boosting Tech Ecosystem
Beyond crypto, the law incentivizes broader digital industries:
- Tax breaks, land and R&D incentives for firms working in AI, semiconductors, and infrastructure .
- Provincial support for workforce training and curriculum integration to foster digital skills .
- Ambitious vision positioning Vietnam as a regional digital tech hub; hailed as the first nation to pass dedicated standalone legislation for its digital technology industry .
Why It Matters
Vietnam ranks among the top countries worldwide for crypto interest and usage—with around 17 million users and a market reportedly exceeding $100 billion . However, until now, crypto operated in a legal grey zone. The new law aims to transition this underground economy into a regulated, transparent market, safeguarding investors while attracting innovation .
What to Expect Next
- Regulatory details—such as licensing frameworks and operational conditions—will be drafted by relevant agencies before the law takes effect.
- Financial institutions may need to upgrade AML and cybersecurity systems to stay compliant.
- Businesses in blockchain , AI, and semiconductor sectors stand to benefit from new incentives.
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