Vietnam Enacts Law on Digital Technology Industry, Recognizing Crypto Assets

Vietnam has taken a significant step towards integrating into the global digital economy with the enactment of the “Law on Digital Technology Industry” by its National Assembly. This legislation, effective from January 1, 2026, marks the first recognition and regulation of crypto assets in the country, setting a comprehensive legal framework for digital assets. The law differentiates between virtual and crypto assets, excluding securities and digital fiat, and focuses on crypto assets for the first time. It also stipulates adherence to global cybersecurity and anti-money laundering (AML) standards, aiming to modernize Vietnam's tech sector and improve its Financial Action Task Force (FATF) status.

The new law is a pivotal step in Vietnam's digital innovation strategy, aligning with global standards and addressing FATF concerns. The inclusion of crypto assets indicates a commitment to technological advancement and is expected to boost foreign investment and legitimize the crypto environment within Vietnam. As the law begins to take effect, opportunities for technological and digital finance innovation are expected to expand, positioning Vietnam as a rising player in the crypto economy.

Vietnam’s regulatory shift follows similar measures in other countries, such as Japan and Singapore, which saw increases in institutional interest after implementing comparable regulatory frameworks. Compliance with FATF standards can often lead to positive market shifts and enhanced investment. The clear regulatory environment in Vietnam may enhance investment flows into its crypto sector, fostering increased compliance and infrastructure. This could result in significant returns in blockchain development and digital asset utilization, further solidifying Vietnam's position in the global crypto economy.

According to analysts, the new law could drive blockchain growth in Vietnam by providing a clear regulatory framework for crypto assets. This move is expected to attract more foreign investment and promote innovation in the tech sector. The law's focus on global cybersecurity and AML standards aligns with international best practices, ensuring that Vietnam's digital economy is secure and compliant with global regulations. As Vietnam continues to modernize its tech sector, the country is poised to become a leading player in the global digital economy, offering a clear regulatory framework for crypto assets and promoting technological advancement.