On June 14, 2025, Vietnam's National Assembly passed the Law on Digital Technology, officially legalizing the use of cryptocurrency in the country.
Key Details of the Legislation
The law, passed by the National Assembly, marks a significant step for the country's digital economy. The Ministry of Finance and the State Bank of Vietnam prepared regulations covering digital assets such as Bitcoin and Ethereum. The law introduces tax breaks and subsidies for blockchain startups and developers, set to take effect in January 2026.
Goals and Expectations from the Law
The primary goal of this new legislation is to stimulate digital innovation and prepare for economic growth. Expectations include the creation of potential regulatory sandboxes in Vietnam’s financial centers to encourage crypto investments. Additionally, the law aims to position Vietnam as a regional Web3 hub by 2030. There is hope that the introduction of a clear regulatory framework will attract institutional investors and increase activity in digital assets.
Conclusion
Vietnam's legalization of cryptocurrency is a significant development that aligns with global trends in digital assets. In the future, this could lead to changes in the country's digital economy and enhance its attractiveness on the international stage.
Vietnam's initiative in cryptocurrency is an important event that may serve as an example for other countries in the regulation of digital assets.
