Munzir HakimiTable of Contents
New Digital Era
The national Assembly of Vietnam has taken a notable step by approving the Law on Digital Technology Industry on June 14. This legislation, effective from January 1, 2026, brings digital assets under regulatory oversight and aims to foster innovation in the country. It categorizes digital assets into virtual and crypto assets while excluding securities and fiat currencies.
The government is now responsible for establishing specific regulations for these asset types, including cybersecurity measures and Anti-Money Laundering safeguards to align with international standards.
Vietnam’s Tech Ambitions
This new law not only addresses crypto but also positions Vietnam as a potential global tech hub. It offers incentives such as tax breaks and support for companies involved in AI, semiconductors, and digital infrastructure development. Regional governments are encouraged to enhance workforce skills through training programs integrated into national education policies.
Vietnam proudly claims to be the first nation worldwide to enact a dedicated law for it’s digital technology industry.
Tackling Crypto Scams
In recent months, Vietnamese authorities have cracked down on fraudulent crypto operations. In February 2025, police arrested individuals behind BitMiner-a fake mining platform that deceived over 200 victims out of considerable funds. Additionally, in December 2024, they thwarted another scam called Million Smiles that had already defrauded numerous businesses using misleading advertising linked to spiritual claims.
Final Thoughts
Vietnam’s proactive approach towards regulating digital technology signals its commitment to becoming a leader in this sector while ensuring consumer protection against scams.
