Vietnam Proposes Digital Assets as Loan Collateral to Integrate Crypto into the Formal Financial System

Huo Xing Finance reports that on June 1, according to FinanceFeeds, Vietnam’s Ministry of Finance has submitted a draft amendment to the Law on Support for Small and Medium Enterprises, proposing to allow domestic credit institutions to accept digital and virtual assets as legitimate collateral for commercial bank loans. The proposal aims to break away from the long-standing financing model that relies primarily on physical assets such as real estate, unlock liquidity in the crypto asset market, and expand financing channels for small and medium-sized enterprises. The report notes that approximately 930,000 small and medium enterprises in Vietnam account for over 98% of the country’s registered businesses, yet currently receive only about 19% to 20% of the banking system’s credit resources. Under the amendment, commercial banks would be permitted to include digital assets, intellectual property, movable assets, and future-forming assets in their collateral scope, and issue loans more based on corporate cash flow, credit ratings, and digital asset holdings. If the bill is approved by the National Assembly by October 2026, it is expected to take effect on July 1, 2027.