Vietnam says yes to encryption in the bold legal transformation

The National Assembly in Vietnam gave Approval seal To the new digital technology law on June 14. It brings encryption assets under official rules for the first time. It also puts a wider boost in artificial intelligence, semiconductor and more.
The government classifies digital assets
According to the local media, the law collects digital property into buckets: virtual assets and encryption assets. Both should use encryption or other digital technology to move or confirm transactions.
None of the group covers securities, Fiat digital funds or any other financial tools. Until January 1, 2026, I have to clarify who can issue, trade or keep these symbols – and what are the rules that they must follow.
Vietnamese legislators vote to approve the law on digital technology on June 14, 2025. Source: National Assembly news portal.
Organizational rules and guarantees
based on ReportsThe law requires new steps to combat c in the cyber -coincidence that coincides with global standards. Vietnam has sat on the FATF Gray list since 2023, and officials clearly want to close this chapter. The agencies will put detailed checks on transactions and platforms before the law applies.
Ambitious incentives
It exceeds the legislation Encryption. It provides tax exemptions, cheaper land rental contracts, granting research and development to companies in AI, chips design and data data building. Regional governments must support training programs for engineers and technology workers.
Schools will also add digital skills to their sessions. All of this is part of a greater attempt to compete with the axes such as Singapore, torrents.
Past encryption fraud stimulates work
The lawmakers did not forget the fraud that struck the market in 2024 and 2025. In February 2025, the police collected four people behind Bitminer, a fake mining site that took more than 4 billion VND (about 157,300 dollars) from more than 200 victims.
In December 2024, Hanoi police stopped a scheme called Million Smiles before attracting 300 investors. This fraud already stole 30 billion VND (about $ 1.17 million) from about 100 companies and 400 individuals by selling the “quantum financial system” code.
The new law is a clear indication that Vietnam wants to form the fate of its technology. By January 1, 2026, companies and users will face new rules – new opportunities. If the organizers hold the plan, real projects must find a welcoming house.
But if the width is slow or half the heart, it may follow more fraud. Now, the countdown is running.
Distinctive image from Unsplash, tradingvief chart

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