The Digital Industry Law was passed on 14/06, supplementing special mechanisms for AI, semiconductors, and recognizing digital assets in preparation for management.
The National Assembly passes the Digital Industry Law, controlling encrypted assets. Image: Vietnam+
Laying the Foundation for Strategic Technologies for the Future
In the morning session on 14/06/2025, the Vietnamese National Assembly voted to pass the Digital Industry Law, which will take effect from 01/01/2026.
The Digital Industry Law, led by the Ministry of Science and Technology, covers mechanisms for technology enterprise incentives; developing shared digital infrastructure; encouraging innovative startups; training talents and controlled technology testing.
The Law stipulates that local authorities can support the development of digital industry technology workforce working on key research projects, digital technology product production, semiconductor chips, and AI systems by partially covering high-quality workforce rental costs; training, retraining, and enhancing workforce quality costs for enterprises.
The State encourages organizations and individuals to train, nurture, evaluate, and recognize learners' digital technology skills according to widely recognized international, regional, and foreign standards.
Producing key digital technology products, providing services; software; artificial intelligence; semiconductor chips; building AI data centers are industries and professions receiving investment, tax, and land incentives and support.
The National Assembly votes to pass the Digital Industry Law. Image: VnExpress
The National Assembly Standing Committee stated that the Law defines the strategic goal of comprehensively developing Vietnam's semiconductor industry, closely linking and becoming an important link in the global semiconductor ecosystem. The Law focuses on breakthrough chip policies; participating in all value chain stages from research, design, manufacturing to packaging and testing; synchronous development with the electronics industry; and strongly attracting foreign investment and mobilizing all resources to gradually master the technology.
To realize this strategic orientation, the Law provides special mechanisms, policies, and support for enterprises participating in the semiconductor supply chain. Additionally, the Law has specific mechanisms to support research and development, ecosystem building, and attracting high-quality human resources.
This approach helps Vietnam leverage existing strengths like testing and packaging to attract investment in the early stage, while creating a strong and flexible legal framework to encourage development in higher-technology stages such as design and manufacturing in the future. The policies are built based on international experience and aligned with Vietnam's practical conditions and development goals.
Regarding AI supervision mechanisms, the Law stipulates risk control throughout the artificial intelligence system's lifecycle and is one of the principles for developing, providing, deploying, and using artificial intelligence.
The Law also adds policies to promote training in digital technologies (including artificial intelligence) in the national education system; developing digital industry technology workforce in enterprises and state agencies. These regulations provide a comprehensive foundation for promoting basic and in-depth digital technology knowledge, particularly artificial intelligence, within and outside state agencies.
Strict Control of Encrypted Assets
One of the Law's important contents is the regulation on encrypted assets. These are digital assets using encryption technology or other digital technologies to authenticate during creation, issuance, storage, and transfer.
Provisions on recognizing digital assets in the Digital Industry Law. Source: Legal Library
According to the Law, state management agencies are responsible for managing encrypted assets to ensure network safety and security; preventing money laundering, terrorism financing, and weapons of mass destruction proliferation. Agencies are responsible for inspecting, checking, handling law violations and establishing business conditions for encrypted asset service providers.
The authority and content of digital asset management and classification will be implemented according to government regulations aligned with practical needs and management requirements in various sectors.
Explaining this content, the National Assembly Standing Committee stated that digital asset classification regulations are based on international standards implemented in many countries. Vietnam's current laws do not have provisions for managing such assets.
However, since 2023, the Financial Action Task Force (FATF) placed Vietnam on the Enhanced Monitoring List (Gray List) and issued 17 action recommendations to address gaps in money laundering, terrorism financing, and weapons of mass destruction proliferation prevention mechanisms. The agency recommended developing regulations against money laundering and terrorism financing for virtual assets and virtual asset service providers. To exit the list in the next review, Vietnam needs to issue policies on virtual assets.
On 13/06, the Prime Minister announced 11 strategic technology groups including: Artificial Intelligence, Digital Cloning, Virtual/Augmented Reality; Cloud - Quantum - Big Data Computing; Blockchain; Next-generation Mobile Networks (5G/6G); Robotics and Automation; Semiconductor Chips; Advanced Bio-Sciences; Advanced Energy and Materials; Rare Earth - Ocean - Underground; Cybersecurity; Aerospace Technology.
According to VnExpress
