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Vietnam blockchain future

Vietnam blockchain future anchored by bold national digital law

https://icn.live/wp-content/uploads/2025/06/vietnam-block.mp3
  • by ICN.live
Amira Khalil

Vietnam blockchain future just took a major leap forward with the country’s groundbreaking Digital Technology Industry Law.

Passed on June 14, the law recognizes crypto assets and lays the foundation for an ambitious digital transformation. Unlike many nations still hesitating on blockchain, Vietnam is pressing full throttle. The law, set to take effect in January 2026, positions the country as a leading Southeast Asian tech player.

Structured crypto recognition makes headlines

Vietnam blockchain future benefits from a clear legal distinction between “virtual assets” and “crypto assets.” Virtual assets include game items or loyalty points. Crypto assets cover technologies like Bitcoin, Ethereum, and possibly NFTs. Importantly, they are not treated as securities or government-backed currency.

This distinction offers regulatory clarity and paves the way for deeper integration of blockchain in the economy. The government will now define rules for compliance, licensing, and anti-money laundering. Vietnam’s push aligns with its goal to leave the FATF gray list by tightening oversight and ensuring crypto legitimacy.

More than just crypto, the new law outlines Vietnam’s strategy for complete digital sovereignty. It includes subsidies for AI and semiconductors, curriculum reforms, and infrastructure support for tech companies.

From primary school to chip design labs, the country is crafting a fully digital economy. Blockchain is one piece of a broader vision. This all-encompassing approach positions Vietnam as a potential digital hub rivaling global leaders.

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Catching scammers and building trust

Despite its bold vision, the Vietnam blockchain future has challenges. Crypto scams have been rampant. In early 2025, police shut down BitMiner, a fake mining scheme that stole 4 billion VND. Last year, the QFS scam posed as a “spiritual” token investment, conning investors out of over 30 billion VND.

These incidents highlight the urgent need for consumer protection. By embedding AML protocols in the new law, Vietnam sends a strong message: it’s ready to clean up its crypto space.

The Vietnam blockchain future isn’t just about economic growth. It’s a soft power move in a fragmented global tech world. While Western countries argue over AI rules and crypto standards, Vietnam is building frameworks from scratch.

This is digital infrastructure as a national strategy. Crypto is part of a wider plan involving AI, semiconductors, and tech education. Vietnam’s decisive law shows it wants to lead—not follow—in the blockchain-powered digital era.

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What does Vietnam’s new law say about blockchain and crypto?

Vietnam’s Digital Technology Industry Law, passed in June 2025, formally recognizes crypto assets and virtual assets. It classifies them separately from traditional securities or stablecoins. The law will come into effect on January 1, 2026. It aims to regulate crypto with licensing, compliance, and anti-money laundering rules. The inclusion of blockchain within a national tech framework signals that Vietnam wants to be a leader in digital innovation, not just a passive participant.

How does this law affect blockchain gaming and NFTs?

The law separates virtual assets (like in-game tokens or loyalty points) from crypto assets (like NFTs). While it doesn’t dive into specifics yet, it opens the door for legally supported blockchain gaming ventures. Developers and companies can operate with more confidence knowing their assets are recognized under national law. NFTs and Web3 gaming platforms will likely benefit from clearer legal guidelines and infrastructure support in Vietnam.

Why is Vietnam pushing for blockchain leadership now?

Vietnam is seizing the moment as global tech politics remain fractured. The U.S. and EU are still forming regulations, while China’s approach is more centralized. Vietnam is using this moment to define its digital sovereignty. With this law, it aligns crypto with AI, semiconductors, and education—building a national tech stack. This proactive stance sets Vietnam up to become a powerful digital economy in Asia.

Are crypto scams still a problem in Vietnam?

Yes, scams remain a challenge. Major fraud cases in 2024 and 2025 exposed weaknesses in consumer protection. That’s why the new law includes anti-money laundering provisions. The government is working to improve oversight, boost transparency, and protect users. By formalizing crypto, Vietnam can crack down on scams while building trust in blockchain technology.

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