Vietnam Passes Historic Law to Legalize Crypto and Boost Tech Growth
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Vietnam’s National Assembly has approved a new law focused on crypto and advanced technology development. Known as the Law on Digital Technology Industry, it was passed on June 15, 2025, with 441 out of 445 lawmakers voting in favor.
This law officially recognizes digital assets and sets strong government support for tech sectors like semiconductors and artificial intelligence (AI). However, this law will take effect on January 1, 2026, making Vietnam one of the first countries to fully regulate crypto assets through a special law, rather than using outdated financial rules.
Clear Crypto Regulation to Attract Businesses
Before now, Vietnam’s unclear laws on crypto forced many blockchain and tech companies to move their operations to countries like Singapore. The new law solves this problem by defining digital assets as anything created, transferred, and verified using blockchain. It divides them into three types: virtual assets used for trade or investment, crypto assets that rely on encryption for safety, and other digital assets. These categories are different from regular money or stocks, which are still covered under separate laws.
The law came after years of government discussions and rising demand from tech firms. Although Prime Minister Pham Minh Chinh had asked financial agencies to prepare crypto rules earlier in 2024, nothing was finalized until now. Meanwhile, crypto use in Vietnam kept growing fast. In 2024, blockchain research company Chainalysis ranked Vietnam fifth in global crypto adoption. Over $105 billion in blockchain investments entered Vietnam between 2023 and 2024, but much of it went through foreign channels. This new law is expected to bring that investment back home.
Strong Support for Tech Innovation and Manufacturing
The law is not just about crypto. It also shows Vietnam’s bold plan to become a leading tech nation. To this end, by 2035, the government wants to grow the number of digital technology businesses to 150,000. To make this happen, the law offers big benefits like low tax rates, no land rental costs, and zero import duties for tech companies.
High-tech fields like semiconductor chips, AI development, and digital infrastructure are getting the most attention. Projects that invest over $80 million in data centers or $160 million in semiconductor factories can get “special” support.
Through this law, Vietnam clearly aims to become a key part of the global tech supply chain.
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