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ARTICLE · 18 JUNE 2025

Vietnam Breaking News — Crypto World — Digital Asset Services

Duane Morris LLP
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On 14 June 2025, the National Assembly passed the groundbreaking Law on Digital Technology Industry (Digital Technology Industry Law)...

VietnamTechnology
Oliver Massmann
Oliver Massmann
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On 14 June 2025, the National Assembly passed the groundbreaking Law on Digital Technology Industry (Digital Technology Industry Law), making Vietnam the first country ever to pass a law regulating digital technology. Based on our understanding, the Digital Technology Industry Law introduces the following revolutionary provisions:

  • Virtual assets: Virtual assets are now officially legalized and recognized under the Digital Technology Industry Law. The Law provides relevant aspects of virtual assets like their formation, issuance, storage, transfer, and establishment of their ownership.
  • Crypto assets vs. virtual assets: The Law introduces separate concepts for crypto assets and virtual assets. Also, according to the law, State agencies are tasked with the strict management of crypto assets to ensure network safety and security; prevent and combat money laundering, terrorist financing, and financing the proliferation of weapons of mass destruction.

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Disclaimer: This Alert has been prepared and published for informational purposes only and is not offered, nor should be construed, as legal advice. For more information, please see the firm's full disclaimer.

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