Vietnam will make digital assets mandatory for public officials and civil servants from July 1, 2026.

This article is machine translated
Show original

vietnam-tien-so

The government has just issued Decree 164/2026/ND-CP on controlling assets and income for officials and those in positions of power in state agencies, organizations, and units, in which, for the first time, "digital assets" are officially included in the group of assets that must be declared. This move is attracting significant attention from the investment community, especially in the context of the strong development of the crypto market, blockchain assets, and other types of digital assets in Vietnam in recent years.

According to the decree, assets valued at 150 million VND or more will be subject to asset and income declaration. The list includes land use rights, houses, construction works and other assets attached to land; gold, diamonds, platinum and other precious metals and gemstones; Vietnamese currency and foreign currency in various forms such as cash, deposits, loans or prepayments; stocks, bonds, Capital contributions and other securities. Most notably, digital assets have been officially named in the legal document, demonstrating a clearer direction for management by regulatory authorities regarding the digital economy.

The new decree will officially take effect on July 1, 2026, and is considered a significant step in perfecting the legal framework related to digital assets in Vietnam. Although the document does not specifically list each type of digital asset, many experts believe the scope may include cryptocurrencies, blockchain Token , Non-Fungible Token, stablecoins, assets stored in e-wallets, or other types of digital assets whose ownership is established through technology platforms.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
82
Add to Favorites
12
Comments