Vietnam Proposes Allowing Digital Assets as Bank Loan Collateral, Driving Crypto Asset 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 traditional financing model that has long relied on real assets such as real estate as the main collateral, unlock liquidity in the cryptocurrency market, and expand financing channels for small and medium-sized enterprises.

The report states that Vietnam has approximately 930,000 SMEs, accounting for over 98% of the total number of registered businesses in the country, but currently only receive about 19% to 20% of the credit resources from the banking system. Under the amendment, commercial banks will be able to include digital assets, intellectual property, movable property, and future formative assets in the collateral scope, and grant more loans based on the company's cash flow, credit rating, and digital asset holdings. If the bill receives parliamentary approval in October 2026, it is expected to take effect on July 1, 2027.