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Vietnam Enacts Comprehensive Digital Technology Law
June 25, 2025 | Hanoi, Vietnam
The National Assembly of Vietnam approved the Law on Digital Technology Industry on June 14, establishing regulatory oversight for digital assets and positioning the country as a regional technology hub.
Set to take effect on January 1, 2026, the legislation formally recognizes cryptocurrency assets and lays foundation for broader digital innovation across Vietnam’s economy.
Classification Framework
The law categorizes digital assets into two distinct classifications:
- Virtual Assets: Undergoing validation through encryption or digital technology transfer systems
- Crypto Assets: Leveraging cryptographic principles for authentication and verification
Both categories exclude securities, digital fiat currencies, and other financial instruments.
Implementation Requirements
Government authorities must now establish specific regulatory frameworks including:
- Business licensing requirements
- Clear classifications for different asset types
- Detailed oversight mechanisms
International Alignment
The legislation includes mandatory cybersecurity and Anti-Money Laundering (AML) provisions consistent with global standards.
This move is expected to address concerns raised by Vietnam’s inclusion on the Financial Action Task Force’s (FATF) “gray list” since 2023.
Vietnam Aims for Global Tech Leadership
Looking beyond cryptocurrency, the comprehensive legislation represents a strategic commitment to becoming an international digital technology hub.
Incentive Programs
The law introduces targeted incentives for key technological sectors including:
- Significant tax reductions
- Special land-use benefits
- Strong research and development support
Special focus is given to enterprises advancing core digital infrastructure technologies.
Workforce Development
Regional administrations are mandated to implement:
- Industry-aligned workforce training programs
- Government workforce subsidies
- Nationwide integration of digital tech skills into educational curriculum
“Vietnam has become the first country in the world to enact a standalone law specifically dedicated to digital technology industry,” stated a Vietnamese government spokesperson.
Recent Law Enforcement Actions
Fake Crypto Mining Platform Operation
February 2025 – Vietnamese authorities dismantled a fraudulent crypto mining operation known as BitMiner.
- Five individuals arrested
- Recognized as a Dubai-based enterprise (authenticity questioned)
- Preyed upon over 200 victims, extorting more than 4 billion Vietnamese dong (~$157,300 USD)
Prevented Quantum Scam
December 2024 – Hanoi City Police intercepted a sophisticated investment fraud before substantial damage.
- Operation saved 300 potential victims
- “Million Smiles” company falsely promoted Quantum Financial System (QFS) cryptocurrency
- Employed misleading advertising linking crypto to ancestral treasures
- Operation prevented fraud totaling 30 billion VND (~$1.17 million USD)
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