Vietnam Recognizes Digital Assets, Enacts Pro-Crypto Laws Effective 2026

Vietnam''s National Assembly has passed landmark legislation recognizing digital assets as a distinct asset class, with new regulations set to take effect January 1, 2026. The Law on Digital Technology Industry establishes a dual classification system—virtual assets for transactional/investment purposes and crypto assets utilizing encryption for validation.

The framework explicitly excludes securities, stablecoins, and traditional financial instruments from these categories. Government-backed programs will now develop around these definitions to stimulate domestic innovation and job creation in blockchain technologies.

This regulatory clarity positions Vietnam among forward-thinking Asian economies embracing digital asset infrastructure. The MOVE forms part of broader economic recovery plans, with local governments receiving specific mandates to foster industry growth through targeted initiatives.