Vietnam plans to allow digital assets as collateral for bank loans

According to FinnceFeeds, the Vietnamese Ministry of Finance has proposed a draft amendment to the Small and Medium sized Enterprise Support Law, which aims to allow credit institutions to accept digital and virtual assets as legal collateral for commercial bank loans. About 930000 small and medium-sized enterprises in Vietnam account for over 98% of the total number of registered enterprises in the country, but only receive about 19% to 20% of credit resources from the banking system. The amendment plans to include digital assets, intellectual property, etc. in the scope of collateral. If approved by Congress in October 2026, it is expected to take effect on July 1, 2027.