Vietnam has approved a groundbreaking Law on Digital Technology Industry recognizing and regulating crypto assets for the first time. Passed by the National Assembly on June 14 the law will take effect on January 1 2026. It officially classifies digital assets into virtual and crypto assets setting the stage for a regulated digital economy.

The legislation requires the government to establish business conditions and oversight mechanisms while mandating strong cybersecurity and Anti-Money Laundering standards. These measures aim to align with global norms and address Vietnam’s placement on the Financial Action Task Force gray list since 2023.

Vietnam’s bold move also signals its ambition to lead in global technology innovation. The law includes incentives for firms in AI semiconductors and digital infrastructure with tax breaks land benefits and research support. Education and training programs will be expanded to build a future-ready workforce marking Vietnam as the first country to pass a dedicated digital tech industry law.

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