Vietnam's Ministry of Finance has proposed allowing small and medium-sized enterprises (SMEs) to use digital assets, virtual assets, and intellectual property as collateral for bank loans. This initiative is included in the updated draft law on supporting SMEs, which is currently open for public consultation. This was reported by Cointelegraph.com reports .
According to the new draft law, businesses will be able to obtain loans through future-forming assets, property rights, intangible assets, and digital or virtual assets. Currently, although more than 98% of businesses in Vietnam are small businesses, their share in total bank loans in the economy is only 20%.
The Ministry of Finance explains this imbalance by the lack of appropriate collateral, low financial transparency, and a small capital base. While many startups and technology companies possess valuable software or patents, they lack land or physical assets to pledge as collateral.
The draft law also encourages credit institutions to expand lending based not only on hard assets but also on credit ratings, business plans, and cash flows. Furthermore, measures to support preferential financing and interest rates for green economy and energy-saving projects are also envisaged.
Vietnam has become one of the most active crypto markets in the world, ranking fourth in the global crypto adoption index according to Chainalysis. According to Deputy Minister of Finance Nguyen Duc Chi, the country's first regulated crypto market is expected to launch in the third quarter of 2026.
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