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The National Assembly of Vietnam approved the Law connected Digital Technology Industry connected June 14, bringing integer assets nether regulatory oversight.
The legislation, acceptable to instrumentality effect connected Jan. 1, 2026, recognizes crypto assets and lays the groundwork for broader integer innovation crossed the country, according to reports from section media outlets.
The instrumentality classifies integer assets into 2 categories, including virtual assets and crypto assets. While some trust connected encryption oregon integer technologies for validation and transfer, neither includes securities, integer fiat currencies, oregon different fiscal instruments.
The authorities is present tasked with outlining circumstantial concern conditions, classifications, and oversight mechanisms for these plus types.
The instrumentality besides mandates cybersecurity and Anti-Money Laundering safeguards aligned with planetary norms, an effort apt aimed astatine addressing the Financial Action Task Force’s (FATF) concerns. Vietnam has been connected the FATF “gray list” since 2023.
The Vietnamese lawmakers ballot to o.k. the the Law connected Digital Technology Industry. Source: VGPRelated: Emerging markets pb crypto adoption, according to Consenys survey
Vietnam eyes planetary tech role
Beyond crypto, the authorities signals Vietnam’s ambition to go a integer tech hub.
It introduces sweeping incentives for enterprises moving successful AI, semiconductors, and integer infrastructure. These see taxation breaks, land-use benefits, and R&D support, peculiarly for firms gathering halfway technologies similar spot plan and AI information centers.
Regional governments are directed to enactment workforce improvement done subsidies and grooming programs, portion acquisition policies volition integrate integer tech skills into nationalist curricula.
“With this move, Viet Nam has go the archetypal state successful the satellite to enact a standalone instrumentality specifically dedicated to integer exertion industry,” the Vietnamese authorities said.
Related: Bitget launches BitEXC customized crypto speech successful Vietnam
Vietnamese constabulary bust fake crypto mining platform
In Feb. 2025, Vietnamese constabulary arrested 4 individuals down a fake crypto mining platform, BitMiner, which posed arsenic a Dubai-based operation. The scam tricked implicit 200 victims retired of much than 4 cardinal Vietnamese dong ($157,300) by selling bogus mining packages and acquisition materials.
In different large incidental successful Dec. 2024, the Hanoi City Police Department successful Vietnam prevented 300 imaginable victims from investing successful an elaborate crypto scam that had already defrauded 30 cardinal Vietnamese dong ($1.17 million) from astir 100 businesses and 400 individuals.
Dubbed Million Smiles, the institution promoted an in-house cryptocurrency, QFS, oregon Quantum Financial System, utilizing deceptive advertizing that linked it to ancestral treasures and spiritual claims.
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