Vietnam is taking a significant step towards regulating its digital economy with the passage of a new law that legalizes cryptocurrency and other digital assets for the first time.
Historic Recognition of Crypto Assets
The National Assembly of Vietnam approved the 'Law on Digital Technology Industry' on June 14, 2025, establishing clear legal definitions and guidelines for virtual and crypto assets that previously operated in a regulatory gray area. The law is expected to be implemented in 2026.
FATF Compliance
Since 2023, Vietnam has been on the FATF gray list, which posed challenges for financial institutions. The new law aims to establish strict rules for the classification and use of digital assets, likely improving Vietnam's standing with FATF by enhancing transparency and investor protection.
Promoting Future Technologies
The law not only addresses cryptocurrencies but also aims to develop high-tech sectors such as artificial intelligence and semiconductors. This is expected to attract both local startups and international tech firms to the Vietnamese tech landscape. The Ministry of Information and Communications will act as the primary regulatory authority.
The enactment of the new digital technology law in Vietnam marks a pivotal move towards the legalization and regulation of crypto assets, fostering growth in high technologies and improving the business climate.
