Vietnam Passes Landmark Law Defining Digital Assets, Increasing AI and Chip Sectors

Vietnam’s National Assembly extremely authorized landmark legislation Saturday, legalizing digital possessions and establishing sweeping incentives for semiconductor production, artificial intelligence development, and digital technology startups. The Law on Digital Technology Market passed with 441 votes in favor out of 445 legislators present, making Vietnam one of the first countries to comprehensively manage digital possessions through dedicated legislation rather than traditional monetary frameworks. The new legislation creates three main categories: virtual assets that can be used for exchange or investment purposes, crypto assets that utilize encryption technology to verify assets throughout creation, issuance, storage, and transfer, and other digital assets, as per local media reports.

Sam Boolman | Crypto Enthusiast and Writer

Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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