Vietnam Embraces Crypto: Landmark Law Legalizes Digital Assets

Vietnam has made significant strides in the digital asset space with the Law on Digital Technology Industry, which was enacted on June 14, 2025, legalizing crypto assets and virtual Assets. This groundbreaking bill will be enforced on January 1, 2026, and it establishes a broad legal framework for digital assets and the wider digital technology field. The law distinguishes crypto assets from virtual assets, which are digitally verified and transferred, but does not include digital fiat currencies or securities in these classifications.

According to the new law, detailed rules will be developed by the Vietnamese government governing business licensing and operations for digital asset businesses as well as categorizing assets and managing resources. Compliance and security are emphasized in the legislation, which mandates stringent cybersecurity and anti-money laundering (AML) measures. These regulations aim to conform to global norms and address concerns from the Financial Action Task Force (FATF), particularly given that Vietnam has been on the FATF's "gray list" since 2023.

In addition to digital assets, the legislation is also a part of Vietnam's efforts to become arguably the most advanced digital technology hub in Southeast Asia. The plan provides incentives for companies in the emerging tech sectors, such as artificial intelligence, semiconductors, and digital infrastructure, by providing tax breaks, land use benefits, or R&D support.