The Law on Digital Technology Industry, drafted by the Ministry of Science and Technology , includes provisions on incentive mechanisms for digital technology enterprises; development of shared digital infrastructure; encouragement of innovative startups; talent training and controlled technology testing.
In particular, the Law stipulates that localities have policies to support the development of digital technology industry human resources working in research projects, manufacturing key digital technology products, semiconductor chips, and artificial intelligence (AI) systems, with partial support for the cost of hiring high-quality human resources; costs of training, retraining, and fostering to improve the quality of enterprises' human resources.
The State encourages organizations and individuals to train, foster, evaluate, and recognize learners' digital technology skills according to widely recognized international, regional, and foreign standards.
Manufacturing products, providing key digital technology services; software; artificial intelligence; semiconductor chips; building artificial intelligence data centers are industries and professions that enjoy incentives and support in terms of investment, tax, and land.
The National Assembly Standing Committee said the Law defines the strategic goal of developing Vietnam's semiconductor industry comprehensively, closely linking and becoming an important link in the global semiconductor ecosystem.
In particular, the Law focuses on policies to develop breakthrough chip lines; participate in all stages of the value chain from research, design, production to packaging and testing; develop synchronously with the electronics industry; at the same time focus on strongly attracting foreign investment and mobilizing all resources, gradually mastering technology.
To realize this strategic orientation, the Law stipulates specific mechanisms and policies and supports and incentives for enterprises participating in the semiconductor supply chain. In addition, the Law has specific support mechanisms for research and development activities, ecosystem building and attracting high-quality human resources.
This approach helps Vietnam leverage its existing strengths such as testing and packaging to attract investment in the early stages, while creating a strong and flexible legal framework to encourage development in stages requiring higher technology such as design and production in the future. Policies are built on the basis of international experience and are suitable for Vietnam's practical conditions and development goals.
Regarding the AI supervision mechanism, the Law stipulates risk control throughout the life cycle of artificial intelligence systems, and is one of the principles for developing, providing, deploying, and using artificial intelligence.
The Law also supplements policies to promote training and education in digital technology (including artificial intelligence) in the national education system; and develop human resources for the digital technology industry in enterprises and state agencies. These regulations are the overall foundation to promote training in basic and specialized knowledge of digital technology in general and artificial intelligence in particular within and outside state agencies.
Tight control of crypto assets
One of the important contents of the Law is the regulation on crypto assets. This is a type of digital asset that uses encryption technology or other digital technology to authenticate during the process of creation, issuance, storage, and transfer.
According to the Law, State management agencies are responsible for managing crypto assets to ensure network safety and security; prevent and combat money laundering, terrorist financing, and financing the proliferation of weapons of mass destruction. Agencies are responsible for inspecting, examining, and handling violations of the law and regulating business conditions for providing crypto asset services.
The authority, content of digital asset management, and classification of digital assets are implemented according to Government regulations in accordance with practices and management requirements in sectors and fields.
Explaining this content, the National Assembly Standing Committee said that the regulations on classifying digital assets are based on international regulations, which have been implemented in many countries. Current Vietnamese law does not have regulations on the management of these assets.
However, from 2023, the Financial Action Task Force on Money Laundering (FATF) will put Vietnam on the Enhanced Monitoring List (Gray List) and make 17 recommendations for action to address deficiencies in the anti-money laundering, anti-terrorism financing, and anti-proliferation financing mechanisms. The agency recommends developing anti-money laundering and anti-terrorism financing regulations for virtual assets and virtual asset service providers. If Vietnam wants to be removed from the list, it needs to issue a policy on virtual assets in the next review.
The Law on Digital Technology Industry takes effect from January 1, 2026.
Source: https://khoahocdoisong.vn/luat-cong-nghiep-cong-nghe-so-don-bay-cho-nganh-ban-dan-ai-post1548247.html
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