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The National Assembly of Vietnam has ratified the Law on Digital Technology Industry, which establishes the legal framework for digital assets and outlines governmental regulatory measures in this sector.
A significant majority of the members of Vietnam’s National Assembly endorsed the Law on Digital Technology Industry, set to take effect on January 1, 2026. This legislation clarifies definitions and the legal standing of digital assets, encompassing virtual and crypto-assets, introduces classifications, regulates property rights and risk management strategies, and empowers the government to elaborate and enforce regulatory frameworks.
For the first time, the law categorizes two forms of digital assets:
- Virtual assets. These are assets utilized for exchange or investment that do not qualify as securities or digital equivalents of fiat currencies.
- Cryptocurrency assets. These are assets that utilize cryptographic or similar digital technologies to authenticate transactions and ownership rights.
Digital assets are acknowledged as property under civil law. Their legal framework encompasses ownership, transactions, security, party liabilities, and dispute resolution. Concurrently, the government is granted the authority to set specific requirements regarding classification, business conditions, and regulatory processes.
To promote transparency and adherence to international standards, the law incorporates measures to combat money laundering, terrorism financing, and the spread of weapons of mass destruction. This is particularly pertinent given Vietnam’s status on the FATF “grey list” since 2023.
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Investment incentives are emphasized, including:
- tax, land, and credit advantages for enterprises engaged in digital technologies;
- support for software development, artificial intelligence, semiconductors, and data centers;
- funding for the research, development, and testing of digital products and services;
- execution of controlled trials for new technologies with partial liability exemptions for participants.
To facilitate digitalization, the economy will be enhanced with training and retraining initiatives for specialists, including standards that align with international organizations. Special incentives are introduced for companies involved in the semiconductor sector, which has been officially recognized as a vital industry and strategic objective for Vietnam.
The law also addresses the development of digital data as a resource and the extensive application of AI across various sectors, including mechanisms for evaluating associated risks. Artificial intelligence is officially recognized as a new production paradigm, and its advancement and utilization will receive the highest level of governmental support.
This legislation establishes the legal groundwork for fostering a sustainable digital economy in Vietnam, emphasizing technological sovereignty, adherence to global standards, and integration into international value chains.
In October 2024, the Vietnamese government formally introduced the National Strategy on the Application and Development of Blockchain Technology, aimed at creating a legal framework, enhancing infrastructure, and promoting international collaboration.
Сообщение Vietnam Introduces Legal Regulation of Digital Assets появились сначала на CoinsPaid Media.
