Non-Fungible Tokens (NFTs) have evolved far beyond digital artwork and collectibles. Today, NFTs are used in gaming ecosystems, membership programs, loyalty schemes, intellectual property management, ticketing solutions, tokenized experiences, digital commerce and numerous other business applications.
For several years, NFTs operated in a legal grey area in Vietnam. This changed significantly with the adoption of the Law on Digital Technology Industry (Law No. 71/2025/QH15), which entered into force on 1 January 2026 and introduced Vietnam’s first comprehensive framework recognizing digital assets.
This development has created greater legal certainty for businesses and investors, while simultaneously raising important compliance questions regarding the issuance, sale, marketing and use of NFTs in Vietnam.
This article explains:
• What NFTs are;
• Whether NFTs are legal in Vietnam;
• How NFTs are likely to be classified under Vietnamese law;
• The principal legal risks associated with NFT projects;
• How foreign companies can offer NFTs into Vietnam;
• Practical implementation and compliance considerations; and
• How Vietnam compares with other leading digital asset jurisdictions.