The Vietnam National Assembly approved the Digital Technology Industry Act on June 14, putting digital assets under regulatory supervision.
The legislation, which should take effect on January 1, 2026, recognizes cryptographic assets and lays the foundations for a broader digital innovation across the country, according to to local media reports.
The law classifies digital assets in two categories, including virtual assets and cryptographic assets. Although the two rely on encryption or digital technologies for validation and transfer, neither includes titles, digital fiduciary currencies or other financial instruments.
The government is now responsible for describing specific commercial conditions, classifications and monitoring mechanisms for these types of assets.
The law also obliges cybersecurity and Anti-flowage guarantees Aligned on international standards, an effort probably aimed at responding to the concerns of the Financial Action Working Group (FATF). Vietnam has been on the “gray list” of the FATF since 2023.
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Vietnam Eyes Global Tech Role
Beyond the crypto, the legislation signals the ambition of Vietnam to become a digital technological center.
It introduces radical incentives for companies working in AI, semiconductors and digital infrastructure. These include tax alternatives, the advantages of land use and R&D support, in particular for companies that build basic technologies such as the design of chips and AI data centers.
Regional governments aim to support the development of labor through subsidies and training programs, while educational policies will integrate digital technological skills into national programs.
“With this decision, the Viet Nam has become the first country in the world to adopt an autonomous law specifically dedicated to the digital technology industry,” said the Vietnamese government.
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Vietnamese police take off a false crypto operating platform
In February 2025, Vietnamese police Arrested four individuals Behind a false crypto extraction platform, Bitmin, which pretended to be an operation based in Dubai. The scam deceived more than 200 victims on more than 4 billion Vietnamese Dong ($ 157,300) by selling false mining packages and educational material.
In another major incident in December 2024, the police service in the city of Hanoi in Vietnam prevented 300 potential victims Investment in an elaborate cryptographic scam which had already defrauded 30 billion Vietnamese Dong (1.17 million dollars) with a hundred companies and 400 people.
Nicknamed Million Smiles, the company has promoted an internal cryptocurrency, a QFS or a quantum financial system, using a misleading advertisement which linked it to ancestral treasures and spiritual affirmations.