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Vietnam Recognises Digital Assets and Creates Proactive 2026 Laws to Promote Industry
- Vietnam's National Assembly has passed laws recognizing digital assets and promoting innovation.
- The new laws categorise digital assets into virtual assets and crypto assets.
- The laws aim to pave the way for future innovations and employment opportunities for Vietnamese citizens.
- Regulations provide guidelines for local governments to encourage growth in the crypto industry.
- The legislation, effective from 2026, includes a focus on virtual assets, crypto assets, Artificial Intelligence, and semiconductors.
- The government plans to offer incentives like tax breaks, land deals, and Research and Development support for tech companies.
- Training programs will be developed to increase participation rates, especially in semiconductors and AI data centers.
- The policies will promote shared digital infrastructure, emerging startups, and human resource development.
- Vietnam aims to regulate and encourage digital assets while focusing on AI data centers and semiconductors.
- Government subsidies will support hiring key personnel, upskilling, and training staff in the tech industry.
- Certification of trade professionals following international standards is crucial for maintaining global competitiveness.
- Countries globally are exploring ways to leverage digital assets with Vietnam taking a proactive approach.
- Many countries are regulating digital assets cautiously while others, like Vietnam, are incentivizing key industries.
- Vietnam aspires to lead in digital technology by 2030, fostering competition in the global market.
- Competition between nations may enhance the crypto market as investors seek proactive regulatory environments.
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