The National Assembly passed the first law on digital assets and AI - These are important points.

On June 14, 2025, the National Assembly officially passed the Digital Technology Industry Law, marking an important milestone in the process of building a legal framework for the digital age, especially in the field of digital assets and artificial intelligence (AI). This is the first specialized law in the world on the digital technology industry, paving the way for the transparent, safe, and effective management, development, and investment in digital assets.

Legalizing the activities of creating, owning, and trading digital assets

The law clearly defines digital assets as a type of legal asset according to the Civil Code, represented in the form of digital data and created, issued, stored, and transferred through digital technology in the electronic environment.

Digital assets are divided into three main groups:

• Virtual assets: Can be used for exchange or investment, but do not include securities, fiat currencies, and other financial assets.
• Cryptocurrency: Using encryption technology or similar digital technology in the process of creation, storage, and transfer. Also excludes financial assets such as securities or fiat currency.
• Other types of digital assets as detailed by the Government.

The law stipulates the principles of state management for digital assets, including:

• Establishing, issuing, storing, transferring, and establishing ownership rights of digital assets.
• Rights and obligations of the parties involved.
• Measures to ensure information safety and cybersecurity.
• Preventing and combating money laundering, terrorist financing, and the proliferation of weapons of mass destruction.
• Inspect, monitor and handle violations.
• Business conditions for cryptocurrency asset services.

The government will issue detailed regulations on the classification of digital assets, management mechanisms, supervision, and risk governance, ensuring alignment with practical realities and international practices.

Establishing a legal framework for cryptocurrency asset services

The law first legalizes the business conditions for the provision of cryptocurrency asset services in Vietnam. The provision of services in this field must comply with the regulations regarding:

• Cybersecurity and data safety.
• Legal liability, dispute resolution.
• Mechanism for monitoring, supervision, and compliance with laws on anti-money laundering and counter-terrorism financing.
• Protect the ownership rights and property rights of users.

This is considered the first systematic and clear legal framework for businesses operating in the digital asset sector in Vietnam, especially in the context of the rapidly growing cryptocurrency market that needs a legal framework to protect investors, mitigate risks, and promote innovation.

The Digital Technology Industry Law aims to build an ecosystem with 150,000 enterprises by 2035 through comprehensive support policies. Small and medium-sized enterprises are prioritized for infrastructure investment, workforce training, and participation in public bidding. The government supports capital, technology innovation, and tax incentives similar to those in difficult regions, as well as attracting foreign investment. Digital industrial zones will be developed with many attractive policies to promote startups and enhance competitiveness.

Thach Sanh