In short
- The National Assembly of Vietnam has adopted a historical law that regulates digital assets and formally categorizes in virtual assets, crypto assets and other digital assets, each with a defined legal status under civil law.
- The law also introduces large tax and investment stimuli to stimulate domestic innovation in semiconductors, artificial intelligence and digital infrastructure, with effect from January 1, 2026.
- The new legislation is intended to curb offshore migration by offering clear rules and incentives to keep crypto companies and talent in Vietnam.
The National Assembly of Vietnam approved the historical legislation on Saturday, legalization of digital assets and setting up radical stimuli for the production of semiconductors, development of artificial intelligence and startups of digital technology.
The Digital Technology Industry Happened with 441 votes before 445 legislators present, making Vietnam one of the first countries to fully regulate digital assets through special legislation instead of traditional financial frameworks.
The law, that Is in operation January 1, 2026Defines digital assets as products “created, published, transferred and verified using blockchain technology” with clear property rights under civil law.
The move relates to a critical problem that Vietnamese has forced crypto And technology companies to move activities to Singapore and other areas of law with clearer regulations.
The new legislation creates three main categories: virtual assets that can be used for exchange or investment purposes, crypto activa that use coding technology to verify assets while creating, publishing, storage and transfer, and other digital assets, per local media reports.
Both virtual and crypto assets explicitly exclude effects, digital representations of Fiat -Maluta and other financial instruments among existing civil and financial laws.
In March, Prime Minister Pham Minh Chinh had targeted the Ministry of Finance and the State Bank of Vietnam To complete crypto regulation proposals Towards the end of the month as part of an ambitious purpose of the economic growth of 8%, but so far there was no framework.
Vietnam’s crypto adoption has risen despite the legal uncertainty, with blockchain analytics firm chainalysis Rank the country in fifth place worldwide For the adoption of crypto in 2024.
More than $ 105 billion in blockchain Market investments flowed to Vietnam in 2023-24, much of it through offshore structures that did not benefit from the domestic economy.
In addition to the crypto regulation, the legislation underlines Vietnam’s ambition to appear as a regional technological powerhouse.
The law sets a target of 150,000 digital technology companies by 2035, a major extension of the current level, supported by unprecedented tax stimuli and state investments.
Companies that develop semiconductors, AI systems and digital infrastructure can receive the corporate tax rates less than 10% for 15 years, together with exemptions from import duties and land lease costs.
Large -scale projects that invest more than $ 80 million in data centers or $ 160 million in semiconductor facilities are eligible for extra “special” stimuli, including a five -year exemption from personal income tax for foreign experts.
The law focuses on the development of semiconductors explicitly and records the goal of Vietnam to “gradually become an essential link in the global supply chain”.
Edited by Sebastian Sinclair
Daily debrief Newsletter
Start every day with the top news stories at the moment, plus original functions, a podcast, videos and more.
