The Vietnam National Assembly granted approval to a new digital technology law on June 14. It brings crypto assets under formal rules for the first time. It also introduces a wider driving force for AI, semiconductors and more.
Government classifies digital assets
According to local media, the law divides digital holdings into two buckets: virtual assets and crypto assets. Both must use encryption or other digital technologies to move or confirm transactions.
None of the groups covers securities, digital fiat currencies or any other financial instruments. Legislators must clarify by January 1, 2026 who can issue, trade or hold these tokens and what rules they must comply.
Vietnamese legislators vote to approve the law on digital technology on June 14, 2025. Source: National Assembly news portal.
Regulatory rules and safeguards
According to the report, the law requires new anti-money laundering and cybersecurity steps to match global norms. Vietnam has been sitting on the FATF gray list since 2023, and officials obviously want to end the chapter. Institutions will conduct detailed inspections of transactions and platforms before the law takes effect.
Ambitious technical incentives
The legislation goes far beyond cryptocurrencies. It provides tax breaks, cheaper land leasing and R&D grants for AI, chip design and data center construction companies. Regional governments must support training programs for engineers and technicians.
Schools will also add digital skills to their curriculum. This is part of a larger competitive hub, such as Singapore, Seoul and Shenzhen.
Past crypto scams motivate actions
Members of Congress have not forgotten the fraudulent acts of putting it on the market in 2024 and 2025. In February 2025, police rounded up four people after Bitminer, a fake mining site that occupied more than 4 billion facets (about $157,300) from more than 200 victims.
Back in December 2024, Hanoi police stopped a plan called Million Smile before attracting 300 possible investors. The scam has stole 30 billion vnds (about $1.17 million) from about 100 companies and 400 people by selling fake “quantum financial system” tokens.
The new law clearly shows that Vietnam wants to shape its technological destiny. By January 1, 2026, companies and users will face new regulations and new opportunities. If regulators comply with the plan, Real Projects should find a popular home.
But if the launch becomes slow or semi-reason, grey list concerns and more scams may follow. At present, the countdown has begun.
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