Vietnam's National Assembly has enacted a significant law regulating digital assets, categorizing them into virtual assets, crypto assets, and other digital assets, each with defined legal status. The Law on Digital Technology Industry, approved with 441 votes out of 445, aims to stimulate growth in semiconductor manufacturing, artificial intelligence, and digital technology startups, taking effect on January 1, 2026. The legislation addresses regulatory gaps that previously prompted local crypto firms to relocate abroad, establishing tax incentives and investment triggers to retain talent. The law encourages domestic innovation with attractive corporate tax rates, significant exemptions, and special incentives for large-scale projects, marking Vietnam's ambition to become a global player in the tech supply chain. By 2035, the country aims to grow its digital technology enterprises to 150,000, supported by a move to attract crypto and tech investments that had been flowing offshore.

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