Vietnam’s Law Approves Crypto, Boosts AI and Chip Plans

The Law on Digital Technology Industry was approved on June 14 and will take effect on January 1, 2026.

Under the law, digital assets will be split into two groups, which include crypto assets and virtual assets. Both types use digital systems to confirm ownership and transfer, but they do not include items like stocks, central bank digital currencies, or other financial tools.

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The government will work on regulations to define how businesses can handle these assets and what checks they need to meet.

A key part of the law focuses on preventing financial crimes and improving cybersecurity. New rules will be introduced to ensure that companies follow global standards. These steps are considered crucial for removing Vietnam from the Financial Action Task Force’s "gray list", where it has been since 2023 due to concerns about money laundering.

Beyond digital assets, the law includes new support for companies working in artificial intelligence (AI), chipmaking, and internet infrastructure. These businesses will be offered tax reductions, land access, and help with research costs, especially if they focus on building tools like AI systems or designing microchips.

Regional governments are also expected to help develop skilled workers by offering job training programs and funding education in technology fields. At the national level, schools will begin teaching more digital skills across different age groups to help meet future workforce needs.

Meanwhile, the US House of Representatives recently passed the CLARITY Act, a bill designed to provide clearer rules for the crypto industry. How did it advance? Read the full story.