Market News

Vietnam’s New Law on Crypto Set to Transform Digital Asset Landscape

Vietnam has taken a monumental step by passing the Law on Digital Technology Industry, which will officially legalize crypto assets starting January 1, 2026.

This legislation categorizes digital assets into two main types: virtual assets and crypto assets, granting them formal recognition within the country.

Crypto assets rely on encryption and blockchain technology, while virtual assets are used mainly for trading but do not include regulated financial instruments like securities or CBDCs.

The government will enforce comprehensive regulations, including strict anti-money laundering and counter-terrorism financing measures, to ensure the integrity of the crypto ecosystem.

In addition to regulating crypto, the law aims to bolster Vietnam's digital infrastructure and promote growth in cutting-edge sectors such as artificial intelligence and semiconductor manufacturing.

Businesses engaged in these areas will benefit from incentives such as tax breaks and support for research initiatives.

The law underscores Vietnam's ambition to establish itself as a competitive player in the global digital economy, reflecting current trends in crypto adoption within the country.

As a result of this regulatory framework, industry experts anticipate heightened foreign investment and a stronger position for Vietnam in the global blockchain market.

Furthermore, the government plans to integrate digital skills training into educational curriculums, further enhancing workforce capabilities for the tech sector.

The successful implementation of this law will not only redefine the crypto landscape in Vietnam but also promote innovation and security within its emerging digital market.