Vietnam plans to allow small and medium-sized enterprises to use digital assets, virtual assets, and intellectual property as loan collateral

May 31st News, according to Viet Nam News, the Vietnamese Ministry of Finance proposes to allow small and medium-sized enterprises (SMEs) to use digital assets, virtual assets, and intellectual property as collateral for bank loans. The proposal has been incorporated into the draft amendment to the Law on Supporting SMEs, which is currently open for public consultation. Under the draft, the government seeks to diversify the forms of acceptable loan collateral, rather than relying primarily on traditional secured assets such as real estate. Under the proposed framework, SMEs can use future assets, property rights, intellectual property rights, intangible assets, digital assets, virtual assets, and other legal assets as prescribed by Vietnamese law to obtain loans.