Vietnam has officially stepped into the future of digital innovation with the passage of its groundbreaking Digital Technology Industry Law, a transformative legislative move that recognizes and regulates digital assets and cryptocurrencies. Effective from January 1, 2026, this law not only legitimizes crypto activity within the country but also positions Vietnam as a trailblazer in Southeast Asia’s evolving digital economy. At the heart of this transformation lies Pi Network, a decentralized blockchain project with deep roots in Vietnam’s tech-savvy population, now poised to play a pivotal role in shaping the region’s digital infrastructure.
A New Era for Digital Assets in Vietnam
On June 14, 2025, Vietnam’s National Assembly delivered a resounding endorsement of the future of digital finance, with 441 out of 445 lawmakers voting in favor of the Digital Technology Industry Law. This overwhelming support reflects a national consensus on the importance of embracing emerging technologies while establishing clear regulatory boundaries.
The law introduces a structured classification system for digital assets, dividing them into three distinct categories:
- Cryptocurrencies, defined as digital tokens created and transferred using cryptographic protocols and decentralized networks.
- Virtual assets, used primarily for investment, exchange, or speculative purposes within digital environments.
- Other electronic assets, which encompass innovative digital representations tied to advancements in technology such as AI, IoT, and blockchain.
Notably, the law explicitly excludes digital versions of fiat currencies, securities, and traditional financial instruments from these categories, ensuring that crypto regulation remains focused on decentralized innovation rather than replicating existing financial systems.
Vietnam’s Vision to Lead Asia’s Digital Economy
This legislation is more than just a regulatory milestone — it’s a cornerstone of Vietnam’s broader ambition to become a leading digital economy by 2035. The government’s strategic roadmap includes the creation of 150,000 digital technology enterprises, supported by generous incentives such as tax exemptions, import duty waivers, and designated land zones for high-tech development projects.
Major investments in critical infrastructure will also receive preferential treatment. Companies investing over $80 million in data centers** or **$160 million in semiconductor manufacturing will qualify for enhanced benefits, signaling Vietnam’s intent to attract global tech giants and foster domestic innovation.
To ensure long-term success, Vietnam is overhauling its education system to integrate advanced digital skills — including blockchain development, artificial intelligence, cybersecurity, and data science — into national curricula. This forward-thinking approach aims to cultivate a generation of technologists ready to power the country’s digital ascent.
Pi Network: Fueling Vietnam’s Blockchain Revolution
Among the many blockchain platforms benefiting from Vietnam’s new legal framework, Pi Network stands out as a true game-changer. With over 50% of its global node network located in Vietnam, the country has effectively become the operational backbone of Pi’s decentralized ecosystem.
What began as a mobile-based mining initiative — allowing users to mine Pi coins directly from their smartphones without costly hardware or excessive energy consumption — has evolved into a full-fledged blockchain ecosystem. Today, Pi Network supports decentralized applications (dApps), peer-to-peer transactions, and real-world commerce use cases.
The legalization of digital assets provides Pi Network with the regulatory clarity needed to form strategic partnerships with financial institutions, e-commerce platforms, and government-backed digital initiatives. As trust in blockchain grows, so too does the potential for Pi to be adopted in everyday economic activities — from retail payments to supply chain tracking and identity verification.
Restoring Trust Through Consumer Protection
Vietnam’s journey toward crypto legalization hasn’t been without challenges. In recent years, high-profile scams like BitMiner and MTC defrauded thousands of investors, eroding public confidence in digital assets. These incidents served as a wake-up call, prompting regulators to prioritize consumer protection alongside innovation.
Under the new law, all businesses operating in the digital asset space must adhere to strict anti-money laundering (AML) protocols and implement transparent user verification processes. They are also required to disclose risks clearly and safeguard user funds through secure custody solutions.
These measures are expected to restore public trust, encourage institutional participation, and create a safer environment for both retail and professional investors. With strong oversight in place, Vietnam is emerging as one of Asia’s most promising and responsible crypto markets.
Economic Impact and Regional Influence
The implications of Vietnam’s regulatory shift extend far beyond its borders. By creating a clear legal pathway for blockchain innovation, the country is attracting significant domestic and foreign investment in sectors such as AI, fintech, semiconductors, and decentralized finance (DeFi).
Pi Network, with its massive grassroots user base and growing utility, is well-positioned to lead this next phase of growth. Its integration into Vietnam’s digital economy could accelerate financial inclusion, especially in rural and underserved areas where traditional banking access remains limited.
Moreover, Vietnam’s balanced approach — promoting innovation while enforcing accountability — may serve as a model for other nations in Southeast Asia and beyond. Countries like Thailand, Indonesia, and the Philippines could look to Vietnam’s framework when crafting their own digital asset policies.
Frequently Asked Questions (FAQ)
Q: When does Vietnam’s Digital Technology Industry Law take effect?
A: The law officially takes effect on January 1, 2026, giving businesses and regulators time to prepare for full implementation.
Q: Is Pi Network legal tender in Vietnam?
A: While Pi Network is not yet recognized as legal tender, the new law grants it status as a legitimate digital asset, enabling broader adoption and commercial use.
Q: Can foreigners participate in Vietnam’s crypto ecosystem?
A: Yes, the law allows foreign individuals and companies to operate in the digital asset space, provided they comply with licensing and regulatory requirements.
Q: How does Pi Network differ from other cryptocurrencies?
A: Unlike energy-intensive Proof-of-Work coins like Bitcoin, Pi uses a mobile-friendly consensus mechanism that allows everyday users to contribute to network security without specialized hardware.
Q: Will Pi Network be listed on major exchanges?
A: While no official listings have been confirmed, regulatory clarity in key markets like Vietnam increases the likelihood of future exchange integrations.
Conclusion: A Decentralized Future Built in Vietnam
Vietnam’s legalization of digital assets marks a turning point not only for the nation but for the entire Asian tech landscape. With visionary policies, robust consumer safeguards, and strong community-driven projects like Pi Network at its core, Vietnam is laying the foundation for a transparent, inclusive, and innovative digital economy.
As the world watches this transformation unfold, one thing is clear: the future of blockchain isn’t just being written — it’s being built in Vietnam, one decentralized node at a time.