Vietnam has taken an important step toward legitimizing and regulating its digital economy with the passage of the Digital Technology Law, which introduces the first comprehensive legal framework for crypto assets.
Vietnam's Digital Economy Legislation
On June 14, the National Assembly of Vietnam approved the Digital Technology Law, which will come into effect on January 1, 2026. This law marks a broader push to promote innovation in areas such as artificial intelligence and semiconductors, while establishing clearer rules for the cryptocurrency sector after years of regulatory uncertainty.
Two-Tier Classification of Digital Assets
The law introduces a two-tier classification of digital assets, where virtual assets are considered as digital assets used for exchange or investment, while cryptocurrencies use encryption technology to validate transactions and ownership. The law also excludes securities and fiat currencies from the definition of crypto assets.
Benefits and Features of the New Law
In addition to regulating cryptocurrencies, the law aims to create incentives for digital technology enterprises and innovation programs. It includes special measures supporting controlled technology experimentation and shared digital infrastructure development across various sectors. Local governments must also implement policies for human resource development in digital technology.
The passage of the Digital Technology Law marks a significant step for Vietnam toward establishing a legal framework for crypto assets and integrating the country into the global digital technology market.
