The Politburo issued Resolution No. 68-NQ/TW, which mentioned cryptocurrencies, digital assets, blockchain...

On May 4, 2025, the Politburo issued Resolution No. 68-NQ/TW on private economic development, marking an important turning point in national policy by introducing concepts such as cryptocurrency, virtual assets, tokenized assets, financial technology, digital platforms, and blockchain in a high-level document. The resolution, signed by General Secretary To Lam, demonstrates the Party leadership's strong commitment to digital transformation and building a digital economy in Vietnam. Resolution 68 urgently calls for completing the legal framework for new economic models based on digital technology, including sensitive areas like fintech, artificial intelligence, e-commerce, and especially tokenized assets and cryptocurrencies. This is the first time digital asset-related terms have been included in a central-level policy, laying an important legal foundation for recognizing and managing digital asset sectors in Vietnam. A notable point is the controlled experimental deployment (sandbox) for new business models using blockchain and big data, creating a safe yet flexible innovation space for startups and technology enterprises. The resolution also clearly emphasizes ensuring ownership of intangible assets such as intellectual property and digital assets arising from technology. In terms of business support, the resolution proposes strong tax and capital access incentives. Specifically, innovative startups will receive corporate income tax exemptions, individuals will be tax-exempt when transferring capital contributions in startups, and businesses can allocate up to 20% of taxable income to establish science, technology, and digital transformation development funds. The government will also expand capital-raising methods like unsecured loans, credit guarantees, crowdfunding, and P2P lending, facilitating sustainable development for technology enterprises. For long-term goals, the resolution sets a direction for 2030 where the private economic sector will contribute 55-58% of GDP and employ 85% of the national workforce. Vietnam aims to be among the top 3 ASEAN countries and top 5 in Asia for technological level, innovation, and digital transformation. By 2045, the goal is to have at least 3 million operating businesses, with the private sector contributing over 60% of GDP. By issuing Resolution 68-NQ/TW, Vietnam not only recognizes the central role of private economics but also officially opens the door for legal and transparent development of tokenized assets, blockchain technology, and digital assets. This is considered a breakthrough step in building a modern financial ecosystem, creating significant opportunities for domestic and international technology companies and investors.