The behind-the-scenes story of the revised Law on Anti-Corruption is attracting special attention, when the proposal to include digital assets – from crypto, e-wallets to encrypted assets – in the mandatory declaration list was raised by many delegates. However, in the latest explanation, the Government Inspectorate said that it is temporarily not possible to include digital assets in the law , causing a series of debates in the community.
Why are digital assets not declared?
According to the drafting agency, current laws still lack fundamental elements to manage this new type of asset:
There is no clear legal definition of “digital assets”.
There is no unified valuation method — especially for volatile assets like crypto.
There is no standard for determining ownership , especially for assets stored on the blockchain.
Temporarily not including it in the declaration does not mean ignoring it. The Government Inspectorate affirmed that this is an area that will continue to be researched, waiting for a more complete legal corridor to ensure feasibility and transparency.
Proposed declaration threshold tripled: From 50 million to 150 million VND
Besides the story of digital assets, this draft law also attracts attention with the adjustment of the level of assets that must be declared :
Assets subject to declaration: from 50 million ➝ 150 million VND
Reportable asset changes: from 300 million ➝ 1 billion VND
According to the Government Inspectorate, the adjustment level is based on:
Changes in income and basic salary for the period 2018–2024
Prices, real estate and large assets increase rapidly
The need to focus monitoring on truly risky movements
This proposal opens up many conflicting perspectives: some opinions say that the new level is suitable for reality, but there are also concerns about "narrowing the scope of supervision".
Assets must still be fully declared.
The declarant must still report assets owned by himself/herself, his/her spouse and minor children, including:
Real estate, land use rights
Property attached to land
valuable assets
Jointly named assets
The government is developing a clearer asset register, along with a unified form, to limit legal gaps.
The digital asset gap: A hot issue without a solution
In the context of digital assets becoming more popular, the lack of declaration immediately creates many questions:
Will digital assets become “uncontrollable asset transfer channels”?
Should we speed up the completion of the legal framework to avoid being passive?
Is the new declaration threshold enough to meet current transparency needs?
These are issues that will continue to be vigorously debated as the National Assembly moves into plenary discussions.
What do you think?
Should digital assets be made mandatory immediately to ensure transparency?
Or should we wait for a more complete legal system?
Chia your perspective — this will be a hot topic for a long time to come.
