Vietnam's digital economy development has reached a turning point. On June 14, 2025, the National Assembly of Vietnam passed the "Law on Digital Technology Industry," which for the first time incorporated encryption assets into the legal system, marking an important step for the country in the field of digital asset regulation.

The new law categorizes digital assets into two main types: "virtual assets" and "encryption assets", explicitly excluding traditional financial instruments such as securities and digital fiat currency. The bill grants the government the authority to formulate specific implementation regulations, while also strengthening requirements in areas such as cybersecurity, anti-money laundering, and counter-terrorism financing. The law is expected to come into effect on January 1, 2026, aiming to improve the relevant legal framework, align with international regulatory standards, and help Vietnam exit the FATF grey list.

This legislative breakthrough will reshape Vietnam's digital economy landscape. For a long time, Vietnam's legal stance on digital assets has been unclear, leading to ambiguous tax policies related to them. The introduction of the new law is expected to provide clearer guidance for market participants and reduce uncertainty.

From the perspective of policy evolution, the attitude of the Vietnamese government has shifted from cautious observation to actively constructing a regulatory framework. This process reflects Vietnam's strategic adjustment in the digital economy sector and its positive response to international trends.

Compared to Southeast Asia and other countries around the world, Vietnam's recent legislation reflects its foresight in the regulation of digital assets. However, finding a balance between risk prevention and innovative development remains an important challenge for Vietnam.

In the coming years, Vietnam may further refine relevant policies, improve the tax system, and optimize regulatory measures. These initiatives will have a profound impact on Vietnam's development as an emerging digital economy, potentially reshaping its position in the global crypto landscape.

Overall, the passage of the "Digital Technology Industry Law" marks a key step for Vietnam in the field of digital assets. This not only provides market participants with clearer legal guidance but also lays the foundation for Vietnam to seek greater development space in the global digital economy. With the introduction of specific implementation regulations, the future development of Vietnam's digital asset market is worth looking forward to.