Vietnam Allows Digital Assets as Bank Loan Collateral for 930,000 SMEs, Effective July 2027

According to FinanceFeeds, on June 1, Vietnam's Ministry of Finance proposed an amendment to the Law on Support for Small and Medium-Sized Enterprises, allowing commercial banks to accept digital assets and virtual assets as legal collateral for business loans. The proposal aims to diversify financing channels for SMEs, which represent 98% of all registered enterprises in Vietnam but currently receive only 19-20% of banking system credit resources.

Under the amendment, banks may also accept intellectual property, movable assets, and future-formed assets as collateral, with lending decisions increasingly based on cash flow, credit ratings, and digital asset holdings. The law is expected to gain parliamentary approval by October 2026 and take effect on July 1, 2027.