The National Assembly of Vietnam has officially passed the Law on the Digital Industry, for the first time establishing a legal framework for crypto assets and virtual assets. The law will take effect on January 1, 2026. It introduces basic definitions, sets obligations for state authorities, and grants digital companies access to incentives and subsidies.
Two Types of Digital Assets
Vietnam has legislatively divided digital assets into two categories: virtual assets and crypto assets.
Virtual assets are digital units that can be used for exchange or investment. They do not include securities, digital forms of fiat currency, or other financial instruments.
Crypto assets are assets that use encryption technologies to confirm transactions and ownership. Like virtual assets, they also exclude securities and other recognized financial instruments.
All aspects of classification, regulation, and trading conditions of digital assets are now under the jurisdiction of the government.
Security and Anti-Money Laundering Measures
The law mandates that regulatory bodies must ensure cybersecurity, prevent money laundering, terrorist financing, and the proliferation of weapons of mass destruction. These provisions are aligned with international standards.
Until now, Vietnam lacked a clear legal framework for digital assets. In 2023, the country was placed on the “grey list” by the Financial Action Task Force (FATF). The new law may serve as a foundation for removal from that list.
Support for Technology and Semiconductors
The law was developed by the Ministry of Science and Technology. It includes provisions to create incentives for tech companies, such as tax and investment benefits, as well as support during the testing phase of new solutions.
Special attention is given to digital infrastructure, startups, and workforce development. Local authorities are required to implement policies supporting specialists, particularly those involved in projects related to AI, semiconductors, and digital products. Mechanisms include subsidies for hiring, training, and upskilling employees.
Additionally, the government will encourage the participation of private and public organizations in training specialists and certifying skills according to international standards.
Focus on Semiconductors and AI
Software development, artificial intelligence, semiconductors, and data centers are officially recognized as priority sectors. They will receive tax and land use benefits.
Le Quang Huy, Chairman of the National Assembly’s Committee on Science and Technology, emphasized that Vietnam aims to build a complete chip production chain — from research and design to packaging and testing.
The document also outlines support measures for companies in the semiconductor industry, ranging from direct subsidies for R&D to attracting qualified specialists.
At the same time, the government will establish risk management principles for AI systems, particularly high-risk ones. Training in digital technologies and AI will be integrated into the national education system and will involve both public and private sectors.
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