Law on Digital Technology Industry approved

Bình Minh

15/06/2025, 14:15

The law, scheduled to take effect on January 1, 2026, is expected to promote national digital transformation process, paving the way for domestic tech enterprises to grow sustainably, integrate deeply into the global market, and contribute to establishing a new position for Viet Nam on the world stage.

(Illustrative inage)
(Illustrative inage)

The National Assembly  on June 14 passed the Law on Digital Technology Industry at its ongoing 9th sitting in Hanoi.

The Ministry of Science and Technology whish is responsible for drafting the law, was quoted by the Government News, as stating that with the law approved , Vietnam has become the first country in the world to enact a standalone law specifically dedicated to digital technology industry.

The law, scheduled to take effect on January 1, 2026, is expected to promote national digital transformation process, paving the way for domestic tech enterprises to grow sustainably, integrate deeply into the global market, and contribute to establishing a new position for Vietnam on the world stage.

The law focuses on increasing the proportion of domestically produced technology products through strategic measures and targeted support policies.

Foreign-invested enterprises are encouraged to transfer technology and collaborate with local companies, with incentives such as multi-year corporate income tax reductions if they meet these criteria.

Domestic startups are eligible for support covering 50 percent of the costs for acquiring advanced technologies and developing prototypes, aimed at enhancing their capacity to produce "Made in Viet Nam" products.

Notably, the government will establish a network of representatives for Vietnam's digital technology industry in key global markets, in coordination with international cooperation programs to support Vietnamese enterprises in gradually evolving into multinational companies, capable of competing on equal footing with major global tech corporations.

With the goal of building a robust digital technology enterprise ecosystem and reaching 150,000 businesses by 2035, the law introduces a comprehensive set of support policies. Small and medium-sized enterprises will receive assistance with infrastructure investment costs, training of high-quality human resources, and will be given priority in bidding for public procurement projects.

In terms of finance, the government will provide investment capital for special projects and funding for technological innovation, helping businesses enhance their creativity and competitiveness.

 

Digital technology production projects and supporting enterprises will enjoy tax incentives similar to those in specially disadvantaged areas, while foreign investment will be facilitated to strengthen production capacity.

The development of dedicated digital technology zones with attractive incentive policies will create an enabling environment for startups and sustainable growth, contributing to the realization of this strategic goal.

The law implements comprehensive solutions and policies for workforce development. High-quality digital technology professionals will be exempted from personal income tax for the first five years of working in Vietnam, providing a strong financial incentive for long-term contributions.

Foreign experts will be granted five-year visas and exempted from work permit requirements, which is expected to simplify administrative procedures and attract international talent to facilitate technology transfer and knowledge sharing.

The law is grounded in principles that put people at the center, ensuring transparency, safety, and non-discrimination. It requires that artificial intelligence (AI) systems remain under human oversight. AI is categorized into high-risk, high-impact, and non-high-risk groups, with high-risk systems subject to strict technical standards and rigorous monitoring.

In addition, to harness the vast economic potential of digital assets while ensuring transparency, security, and compliance with international standards, the law introduces, for the first time, a definition and legal framework for digital assets, which include both tokenized and virtual assets and are classified based on their intended use and technology, thereby establishing a clear legal foundation for their management and regulation.

On the same day, the National Assembly also adopted Law on Corporate Income Tax, Excise Tax Law, Law on Management and Investment of State Capital in Enterprises, and Law amending and supplementing a number of articles of the Law on Standards and Technical Regulations.

Đọc thêm

[Phóng sự ảnh] Triệu người dân “Cùng Việt Nam tiến bước”

[Phóng sự ảnh] Triệu người dân “Cùng Việt Nam tiến bước”

[Phóng sự ảnh]: Hàng ngàn người dân Thanh Hóa tham gia chương trình “Cùng Việt Nam tiến bước”

[Phóng sự ảnh]: Hàng ngàn người dân Thanh Hóa tham gia chương trình “Cùng Việt Nam tiến bước”

[Interactive]: Toàn cảnh kinh tế Việt Nam tháng 7/2025

[Interactive]: Toàn cảnh kinh tế Việt Nam tháng 7/2025

Ấn phẩm

Vietnam Economic Times 406
Tạp chí Kinh tế Việt Nam số 21
Tạp chí Kinh tế Việt Nam số 20
image

Đón đọc

Tạp chí Kinh tế Việt Nam

số 22-2025

Thứ 2, 02/06/2025

Askonomy AI

...

icon

Thuế đối ứng của Mỹ có ảnh hướng thế nào đến chứng khoán?

Chính sách thuế quan mới của Mỹ, đặc biệt với mức thuế đối ứng 20% áp dụng từ ngày 7/8/2025 (giảm từ 46% sau đàm phán), có tác động đáng kể đến kinh tế Việt Nam do sự phụ thuộc lớn vào xuất khẩu sang Mỹ (chiếm ~30% kim ngạch xuất khẩu). Dưới đây là phân tích ngắn gọn về các ảnh hưởng chính: