Article 49 of the Digital Technology Industry Law will take effect from 1/1/2026, regulating digital assets as follows:

1. Digital assets are assets as defined by the Civil Code, represented in the form of digital data, created, issued, stored, transferred, and validated by digital technology in the electronic environment.

2. Virtual assets in the electronic environment are a type of digital asset that can be used for exchange or investment purposes. Virtual assets in the electronic environment do not include securities, digital forms of legal tender, and other financial assets as defined by the law on civil and financial matters.

3. Cryptographic assets are a type of digital asset that uses cryptographic technology or similar digital technology for validation of the assets during creation, issuance, storage, and transfer.

Thus, considering the function used for exchange or investment purposes, it will be called Virtual Assets (VA). As for the technology used, it will be called Cryptographic Assets.

Cryptographic assets may overlap with virtual assets but focus on the technology used. Some cryptographic assets may not be used for exchange or investment, thus not qualifying as virtual assets according to definition number 2.

Congratulations, we now have a new class of assets recognized and strictly regulated by Vietnamese law!

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