Vietnam Proposes Allowing Digital Assets as Bank Loan Collateral to Drive Cryptocurrency Integration into the Formal Financial System

BlockBeats News, June 1st, according to FinanceFeeds, the Vietnamese Ministry of Finance has proposed a draft amendment to the "SME Support Law," which aims to allow domestic credit institutions to accept digital assets and virtual assets as legitimate collateral for commercial bank loans. The proposal seeks to break the long-standing financing model that relies on physical assets such as real estate as the main collateral, unlock liquidity in the crypto asset market, and expand financing channels for small and medium-sized enterprises.

The report stated that Vietnam has approximately 930,000 SMEs, accounting for over 98% of the total number of registered enterprises in the country, but currently only receive about 19% to 20% of credit resources from the banking system. Under the amendment, commercial banks will be able to include digital assets, intellectual property, movable property, and future assets in the collateral scope in the future, and grant more loans based on enterprise cash flow, credit ratings, and digital asset holdings. If the bill is approved by the National Assembly in October 2026, it is expected to officially take effect on July 1, 2027.