Vietnam’s National Assembly has officially passed its first comprehensive digital technology law, introducing a clear regulatory framework for crypto assets. The legislation, approved on June 14, 2025, is set to take effect on January 1, 2026, marking a pivotal shift in the country’s approach to digital finance and signaling its intention to foster a more structured and transparent digital economy.

Under the new law, digital assets are classified into two distinct categories: “virtual assets,” which encompass digital tokens used primarily for exchange or investment purposes, and “crypto assets,” which are defined as blockchain-based tokens utilizing encryption technology. This nuanced classification excludes…