Vietnam plans to amend laws to allow digital assets as collateral for SME loans

On June 1st, according to FinanceFeeds, the Vietnamese Ministry of Finance has officially proposed an amendment to the Law on Supporting Small and Medium-sized Enterprises, which would allow domestic credit institutions to accept digital assets and virtual assets as valid collateral for commercial bank loans. Currently, Vietnam's 930,000 SMEs account for over 98% of registered businesses but only receive 19% to 20% of the total credit balance from the banking system. The amendment will rewrite Article 8, encouraging commercial banks to accept movable property, intellectual property, future assets, and digital assets as loan collateral. If the draft is submitted to the National Assembly for approval in October 2026, the new regulations will take effect on July 1, 2027.