Vietnam's Leap into the Digital Future: Landmark Law Passed

15 Th7 2025 | min read

Vietnam is stepping boldly into the digital era with its National Assembly’s new Law on Digital Technology Industry. This is more than just a regulation; it is a vision to transform Vietnam into a technology hub by embracing digital assets and supporting high-tech industries. This law brings fresh opportunities for growth and global competitiveness by offering government incentives and setting ambitious economic targets, establishing a robust regulatory framework, and emphasizing workforce development. Let’s explore how these elements combine to position Vietnam as a key player on the global tech stage.

Accelerating Vietnam’s Digital Economy: Incentives and Ambitious Economic Visions

Vietnam’s recent passage of the Law on Digital Technology Industry ushers in a era aimed at cementing the nation as a key regional player in the digital economy. This legislative milestone, effective from 2026, underscores the government’s commitment to digital innovation through a range of incentives. Enterprises venturing into pivotal areas like software, AI, and semiconductors will enjoy significant benefits, including reduced corporate tax rates down to 10% for special projects, import duty exemptions, and land rental waivers. Moreover, substantial support for human resource training in these sectors underscores the emphasis on cultivating a skilled digital workforce.

Economically, the law embeds targets that align with Vietnam’s broader economic transformation ambitions—chief among them is the substantial growth of its digital technology sector, aiming to expand to 150,000 digital tech companies by 2035. The focus extends to fortifying the national digital infrastructure, a crucial step for sustaining broad ecosystem growth and attracting foreign investment in high-tech industries.

This ambitious strategy is also closely tied to Vietnam’s cybersecurity and data protection efforts, providing a secure legal environment essential for the robust development of its digital economy. Such comprehensive frameworks are key as Vietnam positions itself against international digital economy leaders, aiming for improved global standing and significant foreign direct investments.

Pioneering the Future: Vietnam’s Regulatory Framework and Workforce Upheaval

The Law on Digital Technology Industry signals Vietnam’s bold step into the realm of digital governance. By establishing a clear framework for digital assets, including cryptocurrencies, Vietnam sets the stage for significant growth in high-tech sectors such as AI and semiconductors. This regulatory milestone not only aims to facilitate innovation but also attract investments by promising robust government incentives like tax breaks and land rental waivers. However, regulation alone isn’t enough; the law underscores the importance of developing a capable digital workforce. By offering tax incentives and infrastructure support, Vietnam encourages both domestic and international talent to contribute to its digital economy, enhancing innovation and ensuring economic resilience.

Further bolstering this framework, Vietnam aligns itself with global standards such as those set by the FATF. This alignment is part of a broader digital policy, which also incorporates evolving cybersecurity measures. As Vietnam fortifies its digital landscape, its ambition is to not only become a regional tech leader but to ethically guide the integration of technologies into its socioeconomic fabric. The passage of concurrent initiatives, such as the draft Cybersecurity Law 2025, complements the digital industry law by expanding regulations across internet services, fostering a safer digital environment.

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Vietnam’s Strategic Leap into Global Technology Leadership

Vietnam’s National Assembly’s passage of the Law on Digital Technology Industry signifies a transformative leap toward global technology leadership. With near-unanimous support, this landmark legislation, set to take effect in 2026, thoroughly redefines the legal standing of digital assets. By distinguishing digital from traditional financial assets, Vietnam uniquely positions itself among early global adopters, achieving a progressive regulatory environment. Aligning with international standards from institutions like the Financial Action Task Force (FATF), the law targets anti-money laundering and counter-terrorism financing deficiencies, thereby boosting investor confidence and international credibility.

Additionally, Vietnam aims high with 150,000 digital technology companies by 2035, empowered by robust incentives including tax breaks and land rental waivers, particularly for large-scale projects. This approach not only champions innovation but also reinforces the nation’s ambition to emerge as a pivotal tech hub.

Crucially, the law fosters a skilled digital workforce through substantial investments in education and training, embedding digital literacy into primary education and promoting vocational training nationwide. Thus, Vietnam’s forward-looking framework not only stimulates domestic tech growth but solidifies its competitive edge on a global scale. For a comprehensive overview of Vietnam’s strategic alignment with international standards, see Blockhead’s coverage.

Final thoughts

Vietnam’s visionary embrace of the digital industry aims to create an innovative ecosystem that not only fuels economic growth but also positions the country as a trailblazer on the international stage. This new law signals Vietnam’s commitment to nurturing a high-tech economy that stays ahead of global trends. As Vietnam sets its sights on becoming a digital leader, its strategic approach could serve as a blueprint for other emerging economies.

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