Vietnam Approves Digital Law to Regulate Crypto and Boost Tech Industry

Highlights:

• Vietnam passes new digital law to include crypto assets under clear rules.
• The government supports AI, semiconductors, and digital systems with tax cuts and research funding.
• Efforts to combat crypto scams intensify as authorities crack down on fraudulent schemes.

On June 14, Vietnam’s National Assembly passed the Digital Technology Industry Law which includes crypto assets in the country’s legal system for the first time, according to reports from local media outlets. It will come into effect on January 1 next year. The purpose is to set clear rules for digital assets and to support the growth of blockchain technology in Vietnam.

The new law categorizes digital assets into two main groups: virtual assets and crypto assets. Both use encryption and digital technology to verify and transfer information securely. However, financial instruments such as securities, digital fiat, and other regulated products are excluded from these definitions. 

Smart nations are embracing Crypto.

Vietnam has legalized digital assets under its new Digital Tech Industry Law, effective January 1, 2026.

This is a significant move for the country's digital economy. pic.twitter.com/fX2Ok7jron

— Crypto Diplomat (@diplomat_crypto) June 15, 2025

Vietnam Digital Law Strengthens Crypto Regulations and Tech Industry Growth

The new law asks the Vietnamese government to make clear rules for digital assets. This includes how to define them, which businesses can use them, and how they will be controlled. It also requires agencies to protect against cyber threats, money laundering, terrorism funding, and the spread of dangerous weapons. Previously, the Financial Action Task Force (FATF) added Vietnam to its “gray list” and advised better rules for virtual assets. Vietnam is now working to follow global rules and make digital assets safer and more clear.

Besides setting rules for crypto, the county plans to support industries such as artificial intelligence, semiconductors, and digital systems in a big way. To do this, the government will offer benefits like tax cuts, easy land access, and funding for research—mainly for companies working on chip design and AI data centers. The law supports the growth of advanced computer chips. It covers everything from research and design to making, testing, and packaging chips. It also encourages work with the electronics industry and aims to bring in foreign investment and local support to build strong tech skills.

The new law also focuses on helping people learn digital skills. Local governments will prepare training and education plans, and schools across the country will update lessons to include digital technology. The government stated that Vietnam is the first nation to introduce a dedicated law for the digital technology industry.

Crypto Scams Still Haunt Nation

Crypto scams are still a big problem. Earlier this year, police arrested four people linked to BitMiner, a fake crypto mining company claiming to be from Dubai. Over 200 victims lost more than 4 billion dong (about $157,000) through fake mining plans and training courses. In December, Hanoi police uncovered a major scam that stole 30 billion dong (about $1.17 million) from 100 businesses and 400 individuals. They also saved 300 more from being tricked. The scam ran under a company called Million Smiles, which pushed a fake coin called QFS. They used false ads linking it to ancient treasures and spiritual stories.