Vietnam Approves Law on Digital Assets and Technologies
Date: 2025-06-16 Author: Henry Casey Categories: IN WORLD
On June 14, the National Assembly of Vietnam adopted the "Law on the Digital Technology Industry", which is designed to regulate the digital asset sector and promote technological progress in the country. This was reported by local media.
According to the law, digital assets are divided into two types: virtual assets and cryptocurrency assets. Virtual assets include those used for investment or exchange, but they do not include securities, digital versions of fiat currencies, and other financial instruments defined in the current legislation.
Cryptocurrency assets are digital assets based on encryption technology, which confirms ownership and transactions. These assets also exclude securities, digital fiat currencies, and other financial assets already regulated by legal norms.
The adopted norms will come into force on January 1, 2026. The main objective of the legislation is to support the digital transformation process, ensure the stable development of the country's technology companies, facilitate their entry into international markets and strengthen Vietnam's position in the global economy.
The government has been instructed to define detailed conditions for doing business in this area and create supervisory mechanisms that will monitor the activities of digital asset market participants. The law separately stipulates cybersecurity and anti-money laundering measures that will comply with international standards.
The document also reflects Vietnam's desire to take a leading position in the field of digital technologies, including artificial intelligence, semiconductor manufacturing and infrastructure development. It is planned to implement targeted support programs aimed at increasing the share of domestic production. Foreign companies are offered tax incentives in exchange for technology transfer and partnerships with Vietnamese firms.
Vietnam has become the first country to approve a separate law entirely dedicated to the digital technology industry. This step was a logical continuation of the National Strategy for the Application and Development of Blockchain Technology, adopted in October 2024 and designed for the next five years.
