Vietnam’s National Assembly has officially passed the Law on Digital Technology Industry on June 14, marking a significant shift in how the country approaches digital assets and emerging technologies.
The new law, which will come into force on January 1, 2026, provides legal recognition for crypto assets and introduces a structured regulatory environment for the broader digital sector, according to local media sources.
Under the new framework, digital assets will be split into two primary categories: virtual assets and crypto assets. Both types utilize digital and cryptographic technologies for validation and transactions. However, they do not encompass securities, state-issued digital currencies, or traditional financial products.
The government now has the responsibility to define operational rules, classification standards, and regulatory oversight for these digital assets.
Cybersecurity and anti-money laundering (AML) provisions are also built into the law, reflecting Vietnam’s commitment to aligning with global standards. These measures are likely part of a broader effort to address concerns raised by the Financial Action Task Force (FATF), which placed Vietnam on its “gray list” in 2023.
Aiming to Lead in the Global Tech Arena
Beyond digital assets, the legislation underlines Vietnam’s broader ambition to position itself as a leader in the global digital economy.
The law introduces a range of incentives targeting key tech sectors such as artificial intelligence, semiconductor manufacturing, and digital infrastructure. Eligible companies could benefit from tax exemptions, R&D funding, and preferential land use terms, especially those working on foundational technologies like chip development and AI data centers.
Local governments will also play a role, providing training programs and financial support to cultivate a tech-ready workforce. Meanwhile, Vietnam’s national education strategy will integrate digital skills and knowledge into school curricula.
According to the government, this marks Vietnam as the first nation to pass a standalone law specifically focused on its digital technology industry.
Ongoing Crypto Scams Highlight the Need for Regulation
The timing of this new legal framework coincides with several recent crypto-related fraud cases in Vietnam.
In February 2025, law enforcement arrested four suspects involved in a fraudulent crypto mining operation called BitMiner. Marketed as a Dubai-based company, it defrauded over 200 individuals out of more than 4 billion VND (approximately $157,000) by selling fake mining contracts and educational products.
In another major bust from December 2024, Hanoi police stopped a scam called “Million Smiles,” which had lured hundreds of investors with a fictional cryptocurrency named QFS (Quantum Financial System). The scheme promised spiritual and ancestral wealth, ultimately swindling about 30 billion VND ($1.17 million) from over 100 businesses and 400 individuals before being dismantled.
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