Author
Mr Nguyen Tong Bao Minh
Organisation/Institution
Hanoi Law University
Country
VIETNAM
Panel
Law and Economic Development
Title
Developing Vietnam’s Legal Framework for Digital Assets in the Context of the Fourth Industrial Revolution: Comparative Insights and Policy Recommendations
Abstract
Amid the rapid advancement of digital technology, the proliferation of digital assets has begun to challenge classical paradigms of property law worldwide, forcing jurisdictions to confront fundamental questions that test the limits of traditional civil law. As nations move from recognised legal vacuums to structured regulation, Vietnam is witnessing its own pivotal transformation, catalysed by the recent provisions of the foundational Law on Digital Industry and Technology (June 2025) and the Resolution on the Pilot Implementation of the Crypto-Asset Market (September 2025). To clarify the legal and practical issues surrounding digital assets, this paper first examines the core theoretical issue of the “assetization” of digital objects, discusses the economic doctrines that establish the value of digital assets and the classical legal theories, particularly those from property law, that must be adapted to govern rights in digital property. The paper then analyses Vietnam’s specific approach, focusing on how the new legislation provides the technical and legal basis for defining digital assets, thereby formally recognising them as a form of property and subjecting them to civil rights such as ownership. Subsequently, the Vietnamese framework is discussed in the context of international experiences regarding solutions to civil status and the definition of these assets. Finally, the paper offers recommendations to clarify the civil law status of digital assets and support the ongoing development of Vietnam’s framework for digital property rights.
Biography
Nguyen Tong Bao Minh is a PhD. Candidate in Civil Law at Hanoi Law University, Vietnam. His research is primarily focused on key areas of Civil Law, specializing in property and contract law. He is particularly interested in the evolution of these fields, exploring how classical legal theories adapt to contemporary socio-economic challenges. Throughout his academic journey, he has been an active participant in the scholarly community, contributing research to scientific journals.
