Vietnam Legalizes Crypto: What You Need to Know

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Vietnam Takes Bold Step Forward with Groundbreaking Digital Technology Industry Act

Technology Industry Act legalizes virtual assets, boosting its digital economy.It attracts investment in AI, semiconductors, and digital infrastructure.">

Hanoi, Vietnam – In a move that solidifies its position as a regional tech leader, Vietnam has become the first nation to enact a thorough law governing the digital technology industry, including the legalization of virtual assets. This landmark legislation, approved by the National Assembly on June 14, 2025, signals a major leap forward for the country’s digital economy and its ambition to become a technological hub.

Key Provisions of the Digital Technology Industry Act

the Digital technology Industry Act, slated to take effect on January 1, 2026, provides a regulatory framework for digital assets, cryptocurrencies, artificial intelligence, and the semiconductor industry. It outlines the rights,responsibilities,and oversight mechanisms for all stakeholders involved.

• Recognition of Cryptocurrencies: The law officially recognizes cryptocurrencies, paving the way for their integration into the Vietnamese economy.
• Investment and Incentives: It introduces tax reductions, land advantages, and R&D subsidies for companies in key technology sectors.
• Focus on Key Technologies: The Law specifically targets companies developing cutting-edge technologies like data centers for AI and chip design.

Did You Know? Vietnam’s digital economy is projected to contribute significantly to the nation’s GDP, with expectations of substantial growth in the coming years.

Vietnam’s Vision for a Digital Future

According to Lê Quang Huy,president of the Commission for Sciences,Technologies and the Environment of the National assembly,the law aims to mobilize investment in research and progress,foster the mastery of digital technologies,and develop specialized training programs to nurture high-level talent.

the Law categorizes crypto-active and virtual assets based on digital technologies, but it explicitly excludes digital currencies that central banks or other financial instruments issue. Strict cybersecurity measures and anti-money laundering protocols will also be implemented under the new regulations.

Key Aspects of Vietnam’s Digital Technology Industry Act

Area	Provision	Impact
Digital Assets	Legal Recognition & Regulation	increased investor confidence and market stability
Artificial Intelligence	Incentives for R&D and Deployment	Accelerated development and adoption of AI technologies
Semiconductors	Support for Design and Manufacturing	Strengthened domestic semiconductor industry
Digital Education	Integration into National Curriculum	Development of a skilled workforce for the digital economy

Combating Cryptocurrency Scams

While the Law creates a path for digital asset innovation, Vietnam remains aware of the risks associated with cryptocurrency scams. In February 2025, authorities dismantled a fraudulent crypto-mining platform known as Bitminer, which defrauded over 200 victims of more than 4 Billion Dôngs.

The Law provides incentives for operations in digital infrastructure, semiconductors, and AI, signalling a broader approach than simply cryptocurrency regulation.

Education and Talent Development

The Government also intends to embed digital skills into educational programs at all levels. The national education system will be changed to include digital skill-building from the start of education, and local governments will roll out specialized training programs.

Pro Tip: Stay informed about the evolving regulatory landscape for digital assets in Vietnam to ensure compliance and capitalize on emerging opportunities.

Vietnam’s Position in Southeast Asia

With the passage of this Law, Vietnam is now positioned to be a leader in Southeast Asia regarding blockchain and digital-asset adoption. Even though Singapore and the republic of Korea have pro-crypto policies, the all-encompassing Vietnamese regulations indicate an unprecedented level of commitment from the government.

The new law ensures regulatory transparency and protects consumers, which should increase market confidence. The new regulatory clarity and compliance standards should spark a rise in institutional investments in the digital space.

the Digital Technology Industry Act represents a key component of Vietnam’s long-term growth strategy for technology and the crypto sector. By adhering to international standards,promoting user protection,and providing clear,security-focused regulations,the country is paving the way for balanced development and innovation.

Questions for Our readers

How will this new regulation impact technological development in Vietnam? What potential benefits or drawbacks could arise from the legalization of virtual assets?

The Future of digital Assets in Vietnam

The Digital Technology Industry act is more than just a regulatory framework; it is a strategic blueprint for Vietnam’s future in the global digital economy. By fostering innovation, attracting investment, and prioritizing consumer protection, Vietnam is setting a new standard for digital asset regulation.

As Vietnam embraces the digital revolution, it is indeed poised to become a model for other nations looking to harness the transformative power of technology while mitigating the associated risks. The long-term success of this initiative will depend on effective implementation, ongoing adaptation to emerging trends, and continued collaboration between the government, industry, and the public.

Frequently Asked Questions About Vietnam’s Digital Technology Industry Act