ARTICLE 2: Vietnam Digital Asset Legal Framework 2026 – The First Time a Relatively Complete Ecosystem Exists

VIETNAMESE LEGAL & TAX FRAMEWORK FOR DIGITAL ASSET INCOME – 5 ARTICLE SERIES

BIZMAP – Vietnam’s Investment Arbiter & Steward, together with EDUBELIFE – expert in Finance, Accounting & Legal/Tax advisory, introduces a practical series on Vietnam’s evolving rules for digital asset income.

From crypto, tokenized assets, NFTs, online platforms, data monetization to cross-border digital income, legal clarity creates confidence and opportunity.

For businesses, individuals and investors—especially foreign investors—understanding Vietnam’s legal direction means better compliance, smarter structuring, lower risk and stronger market entry decisions.

Vietnam is building the foundation of a transparent digital economy. Those who understand early can lead early.

Vietnam Has Moved Beyond the “No Law” Era

One of the biggest barriers to Vietnam’s digital asset market was the lack of a unified legal framework. From 2025 onward, Vietnam has begun building a relatively clear legal foundation.

1. Law on Digital Technology Industry No. 71/2025/QH15 – A New Pillar

For the first time, digital assets are formally recognized, including:

• Virtual assets
• Crypto assets
• Other digital assets

This is highly significant because it:

• Ends the conceptual vacuum
• Creates a basis for sector-specific regulation
• Opens the door for market licensing

2. Civil Code 2015 – The Foundation of Property Rights

Although crypto is not explicitly named, the Civil Code still provides the legal basis for:

• Property rights
• Transfers
• Contracts
• Damages and compensation
• Dispute resolution

Future digital asset cases will continue to rely on these civil law principles.

3. Law on Electronic Transactions 2023

This law is critical because it recognizes:

• Electronic data
• Digital signatures
• Electronic contracts
• Electronic records

This means digital asset transactions now have stronger evidentiary foundations.

4. Anti-Money Laundering Law 2022

Digital assets are a sensitive sector. Businesses must pay close attention to:

• Customer KYC
• Monitoring suspicious transactions
• Reporting obligations
• Risk governance

5. Resolution No. 05/2025/NQ-CP – Crypto Market Sandbox

A major step forward:

• Pilot token issuance
• Pilot exchanges
• Licensing service providers
• Controlled experimentation within a sandbox environment

This approach mirrors successful models used by Singapore and the UAE.

6. Taxation and Licensing Procedures

Decision No. 96/QD-BTC

Establishes procedures for:

• Licensing
• Amendment of licenses
• Revocation of licenses

Circular No. 32/2026/TT-BTC

For the first time provides tax guidance for:

• Investment
• Trading
• Transfers
• Token issuance
• Related services

Conclusion

Vietnam may not yet be the world’s most mature market, but it has clearly moved beyond the era of legal uncertainty. This is a golden moment for first movers.

#DigitalAssetLaw #CryptoLaw #BlockchainLaw #BIZMAP #EDUBELIFE #VietnamRegulation

29/04/2026