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Vietnam Proposes Expanding E-ID Law to Cover Digital Assets and Data

2026-07-29 09:22:53

Vietnam's Ministry of Public Security drafts legislation to extend electronic identification to digital assets, data, and physical goods, aiming for a unified framework across digital and physical environments.

Woofun AI reports that Vietnam's Ministry of Public Security has proposed amendments to the "Electronic Identification and Authentication Law" to broaden the scope of electronic identification subjects. The draft legislation extends coverage beyond individuals and organizations to include physical entities such as products and equipment, as well as digital resources including databases, documents, images, videos, and digital assets. Identification of these digital assets will adhere to the provisions of the Digital Technology Industry Law. The proposal also establishes mechanisms for suspending, restoring, and cancelling electronic identities and codes. Officials stated that while current systems serve citizen and government digitalization, a unified identification mechanism is required to address the rapid development of the digital economy and society.

WOOFUN AI

Impact Assessment · Quick Read

This legislative move signals Vietnam's intent to formalize the regulatory infrastructure for digital assets by integrating them into national identity frameworks. By linking digital asset identification to existing technology laws, the government may reduce ambiguity in ownership verification and compliance. This could pave the way for clearer legal status for tokenized assets, potentially attracting institutional participation if implementation aligns with broader digital economy goals.
Generated by WOOFUN AI · For reference only, not investment advice

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