Vietnam has approved a landmark bill to create a structured legal environment for digital assets. The new legislation, called the Law on Digital Technology Industry, will take effect in January 2026.
This lays the groundwork for regulated crypto activity and is designed to enable the growth of the emerging industry.
Vietnam Unveils Bold Crypto Law
According to reports, the new law formally recognizes digital assets and divides them into two main categories of virtual assets and crypto assets.
Crypto assets are digital instruments that rely on encryption and blockchain technologies for creation, issuance, storage, and transfer. These include tokens used to validate transactions and verify ownership on distributed networks.
In contrast, virtual assets are used primarily for trading or investment purposes. They do not include instruments like securities, stablecoins, central bank digital currencies (CBDCs), or other regulated financial products.
The legislation grants the government authority to define these asset classifications, set business conditions, and oversee their operations.
It also mandates relevant agencies to enforce strict anti-money laundering (AML) and counter-terrorism financing (CTF) standards to protect the integrity of the ecosystem.
Beyond crypto regulation, the law lays a foundation for broader technological advancement.
It introduces policies to strengthen Vietnam’s digital infrastructure and foster growth in areas such as artificial intelligence, semiconductors, and high-tech manufacturing.
According to the report, technological firms working on digital products or advanced computing systems will gain access to various incentives. These include support for research and development, talent training, and collaborative infrastructure building.
This comprehensive approach aligns with Vietnam’s ambition to become a competitive player in the digital economy. According to Chainalysis, the country currently ranks fifth worldwide in crypto adoption, demonstrating strong domestic demand.
Industry players believe that a formal framework will help Vietnam attract more investment and position itself as a serious contender alongside established blockchain hubs like Singapore.
Notably, Vietnam’s regulatory push follows the Ministry of Finance’s recent efforts to launch a pilot crypto trading platform with support from the Bybit crypto exchange.
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