Vietnam has officially established digital origins after the National Assembly in Vietnam, the country’s Legislative Council, approved by an overwhelming majority on Digital Technology Industry Law On June 14, 441 of 445 legislators voted in favor of the bill.
Legislation defines digital assets as “digital technical products created, released, transferred and authenticated by using Blockchain technologyWith prices and property rights in accordance with civil and relevant laws. “
This definition includes the assets of security symbols/encrypted securities assets, payment symbols, facilities symbols, and mixed symbols – are now organized and provided with Clear PropertyAccording to the law.
When it is It enters into force On January 1, 2026, the legislation will also attend incentives for the development of digital technology, especially the manufacture of semiconductors, artificial intelligence (Amnesty International), startups for digital technology.
Outside incentives, Law delegations Implementing measures to ensure the safety and security of the network “prevent and combat money laundering, terrorist financing, and financing the spread of weapons of mass destruction.”
This is likely to be an attempt to remove Vietnam from Financial Work Squad (FATF) “Gray List” For the “judicial jurisdiction under the increase in monitoring”, which it had been since June 2023.
She saw Vietnam Adoption of digital assets The rise in recent years despite the uncertainty before the law is approved, with the Blockchain Chainalysis Classification of the fifth countries in the world To adopt digital assets in 2024.
In March, local media I mentioned Prime Minister Fam Minh Cennah ordered the Ministry of Finance and State Bank to end the proposals for regulating digital assets by the end of the month in an attempt to reach a 8 % national growth goal by the end of the year.
The list took two months more than he was hoping, but now the country has a dedicated digital asset law, it is a better late case. The next stage will include the government that defines the conditions of work, classifications and specific supervision mechanisms for the species specified in the regulations.
Classification of digital assets
One of the main features of the new legislation is to create three main categories of digital assets, based on the technology used and the purpose of use, namely: virtual assets that can be used for exchange or investment purposes; The encryption assets that use the encryption technology to authenticate assets during the creation, publication, storage and transfer; And other digital assets.
According to the law, virtual assets and encryption do not include “securities, digital forms of legal currency, and other financial assets as stipulated in civil and financial laws” – meaning that these products will be located either under the category of “other digital assets” or are located outside the scope of the digital technology law.
The provisions of artificial intelligence
while Encouraging innovation and development in artificial intelligenceSome activities are strictly banned by the new law.
Specifically, the artificial intelligence system that publishes techniques for the purpose of “influencing the behavior of the individual without being aware of him” or using the aforementioned techniques “to lure or deceive to distort the behavior of the individual by weakening the ability to make decisions that lead to great harm.”
It is also illegal to publish or develop the Amnesty International system used to evaluate or classify individuals based on social behavior or systems that exploit people exposed to age due to age, disability, economic or social conditions.
Technology Center’s ambitions in Vietnam
The new legislation is a sign that Vietnam’s ambition becomes a center for digital technology, and sets an ambitious goal of 150,000 digital technical institutions by 2035, According to To local media.
In order to achieve this, the law sets the basis for providing preferential treatment for digital technology companies when it comes to land, credit and taxes, as well as incentives for research, testing, development, production and production to request Digital technology products and services.
For example, companies that develop semiconductors, artificial intelligence systems and digital infrastructure can obtain corporate income tax rates of up to 10 % for 15 years, as well as exemptions from import duties and land rental fees.
In a group of other incentives, the salaries and wages of experts, scientists and people who have special talents work in projects from personal income tax for a period of five years, while large projects that invest more than $ 80 million in data centers or $ 160 million in semiconductor facilities qualified for more “incentives”.
Watch | From Blockchain: How do trade currencies and global digital currencies develop
https://www.youtube.com/watch? Title = “YouTube Video Player” Fraeborder = “0” left = “Accessorter; Autoplay; Al-Harf-Write; Mediated-MEDIA; Gyroscope; Picture-Inicure; Web-Share” alnophers ” alnaferpolicy = “Strict-Origen-EN-CROSS-Origin
