Vietnam Approves Cryptocurrency: Enacts Fresh Laws to Govern Digital Assets

The outlook for the Vietnamese digital currency trading market is improving! As reported by local sources, the nation enacted its Law on Digital Technology Industry on 14 June 2025. This groundbreaking legislation aims to effectively regulate Vietnam’s newly recognized digital economy.

Local reporting states, “The law identifies crypto assets as digital assets that employ encryption or similar digital technologies for validation during their creation, issuance, storage, or transfer.”

Intriguingly, the new regulations differentiate between virtual and crypto assets while also making efforts to align Vietnam’s anti-money laundering (AML) strategies with global benchmarks.

Experts in the field view this as a proactive measure by the nation, seeking to remove itself from the Financial Action Task Force’s (FATF) grey list. Vietnam has been included on this list since 2023, grappling with crypto law difficulties as local enterprises face greater scrutiny regarding their cross-border transactions.

Progressive nations are adopting Crypto.

Vietnam has approved the legal status of digital assets under its new Digital Tech Industry Law, effective January 1, 2026.

This marks a crucial advancement for the nation’s digital economy. pic.twitter.com/fX2Ok7jron

— Crypto Diplomat (@diplomat_crypto) June 15, 2025

Significantly, the FATF has called on Vietnamese authorities to establish clear guidelines for virtual assets to enhance the nation’s AML regulation frameworks.

The Vietnamese government plans to implement this law on January 1, 2026, anticipating it will lay the groundwork for widespread digital innovation across the country.

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Insights into the New Vietnamese Regulation

The Law on Digital Technology Industry in Vietnam categorizes digital assets into virtual and crypto assets, promoting innovation across various sectors, including artificial intelligence and semiconductors.

This legislation also provides clear directives for overseeing the crypto industry. Importantly, while encryption will safeguard both virtual and crypto assets, it specifically excludes digital fiat currencies and other financial instruments.

Under this law, virtual assets are recognized as digital assets intended mainly for exchange or investment, whereas cryptocurrencies are regarded as instruments that utilize encryption to confirm ownership and transactions.

Local businesses and regulatory bodies might find relief, as the delayed implementation of this law will offer them the necessary time to organize their operations effectively.

Vietnam’s digital currency law is designed to elevate the country to the level of other international digital hubs, introducing various incentives such as tax exemptions, land-use advantages, and R&D assistance, particularly for companies focused on developing essential technologies like chip design and AI data centers, to hasten progress in this area.

Le Quang Huy, the Chairman of the National Assembly’s Committee on Science, Technology and Environment, stated, “The newly enacted law clearly sets forth Vietnam’s strategic objective to cultivate a comprehensive semiconductor industry and progressively transform into a critical component of the global circulating supply chain.”

Moreover, regional governments have been encouraged to price floor workforce development via subsidies and training initiatives, while educational policies have been updated to integrate digital technology competencies into their national curricula.

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