According to Viet Nam News, 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, aiming to improve financing channels for private businesses and tech startups. This proposal has been included in the draft amendment to the Law on Supporting SMEs and is currently open for public consultation. The draft seeks to expand the range of acceptable collateral assets, enabling businesses to apply for loans using future assets, property rights, digital assets, virtual assets, and other legal assets. The report states that SMEs and individual business households account for over 98% of enterprises in Vietnam, yet related loan balances only make up about 20% of the total credit in the national banking system. https://(wublock123.com)/news/vietnam-ministry-of-finance-to-allow-sme-loans-backed-by-digital-assets-61943