The Nationwide Meeting of Vietnam authorized the Legislation on Digital Expertise Trade on June 14, bringing digital belongings underneath regulatory oversight.
The laws, set to take impact on Jan. 1, 2026, acknowledges crypto belongings and lays the groundwork for broader digital innovation throughout the nation, in accordance with studies from native media shops.
The legislation classifies digital belongings into two classes, together with digital belongings and crypto belongings. Whereas each depend on encryption or digital applied sciences for validation and switch, neither contains securities, digital fiat currencies, or different monetary devices.
The federal government is now tasked with outlining particular enterprise situations, classifications, and oversight mechanisms for these asset sorts.
The legislation additionally mandates cybersecurity and Anti-Cash Laundering safeguards aligned with worldwide norms, an effort possible geared toward addressing the Monetary Motion Activity Power’s (FATF) issues. Vietnam has been on the FATF “grey listing” since 2023.
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Vietnam eyes world tech function
Past crypto, the laws alerts Vietnam’s ambition to turn out to be a digital tech hub.
It introduces sweeping incentives for enterprises working in AI, semiconductors, and digital infrastructure. These embody tax breaks, land-use advantages, and R&D help, significantly for corporations constructing core applied sciences like chip design and AI information facilities.
Regional governments are directed to help workforce growth by way of subsidies and coaching packages, whereas training insurance policies will combine digital tech expertise into nationwide curricula.
“With this transfer, Viet Nam has turn out to be the primary nation on this planet to enact a standalone legislation particularly devoted to digital expertise business,” the Vietnamese authorities stated.
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Vietnamese police bust pretend crypto mining platform
In Feb. 2025, Vietnamese police arrested 4 people behind a pretend crypto mining platform, BitMiner, which posed as a Dubai-based operation. The rip-off tricked over 200 victims out of greater than 4 billion Vietnamese dong ($157,300) by promoting bogus mining packages and training supplies.
In one other main incident in December 2024, the Hanoi Metropolis Police Division in Vietnam prevented 300 potential victims from investing in an elaborate crypto rip-off that had already defrauded 30 billion Vietnamese dong ($1.17 million) from about 100 companies and 400 people.
Dubbed Million Smiles, the corporate promoted an in-house cryptocurrency, QFS, or Quantum Monetary System, utilizing misleading promoting that linked it to ancestral treasures and religious claims.
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