A new draft law in Vietnam could soon let small and medium-sized businesses (SMEs) use things like digital assets, virtual currencies, and intellectual property as security for loans.
Vietnam is considering a new rule that would let small and medium-sized businesses use things like digital assets, virtual currencies, and patents to secure loans from banks.
This proposed plan, which is currently open for public feedback, aims to make it easier for businesses and tech startups – especially those without property or significant assets – to get loans and credit.
Vietnam Reviews New Loan Collateral Rules
As reported by Viet Nam News, the Ministry of Finance has included a new suggestion in the proposed changes to the Law on Support for Small and Medium Enterprises.
The draft would expand the types of assets that banks may accept when firms apply for loans.
The proposal covers a range of assets, including things that may be created in the future, as well as traditional property, intellectual property, and newer forms like digital and virtual assets.
The plan also includes other assets legally recognized in Vietnam. The ministry explained that it’s designed to free up funds for private businesses.
It is also linked to Resolution 68-NQ/TW of the Politburo.
That resolution identifies the private sector as an important driver of the national economy.
The draft law is now open for public comment before further review.
This new policy is getting attention because it could allow loans to be issued using cryptocurrency in Vietnam. However, it still needs clear legal definitions and rules about banking risks before it can be fully implemented.
SMEs Face Credit Barriers Despite Large Market Role
Small and medium-sized enterprises form the core of Vietnam’s business sector.
In my research, I’ve found that the vast majority of businesses in Vietnam – over 98% – are small and medium-sized enterprises (SMEs) or household businesses, according to data from the Ministry of Finance.
Despite holding a significant portion of the market, the sector only accounts for around 20% of all loans. The ministry believes this difference is due to longstanding challenges in accessing credit.
Vietnam’s Ministry of Finance is considering a plan that would let small and medium-sized businesses (SMEs) use digital currencies and other virtual assets as security for loans.
Vietnam’s Ministry of Finance is considering a plan, as reported by Viet Nam News, that would let small and medium-sized businesses (SMEs) use things like digital assets, cryptocurrencies, and patents as security for loans.
— Wu Blockchain (@WuBlockchain) May 31, 2026
As a crypto investor, I see a lot of potential in helping small and medium-sized businesses, but they often face hurdles getting traditional financing. A lot of them don’t have enough assets to use as collateral, or their financial history isn’t extensive enough. Plus, many are starting with limited capital, which makes them vulnerable if things don’t go as planned.
These challenges make it more difficult for banks to provide loans, particularly to newer companies. Startups frequently possess valuable assets like technology, software, brands, and patents.
However, a lot of these companies don’t own property or significant physical equipment. Traditionally, banks have looked at things like buildings and land to determine if a loan is secure.
This proposed change aims to lessen our reliance on something else. It also suggests that banks should look at a company’s overall health and situation, not just financial details.
Banks consider things like credit scores, business strategies, how much a market is expected to grow, and incoming and outgoing money. They are also still allowed to do their own assessments to manage risk, as the law permits.
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Digital Assets Could Support Startup Financing
This proposal is likely to be of interest to tech companies and businesses focused on innovation. These companies often have valuable assets like software, digital tools, data products, or patents.
Such assets may carry business value, but they are harder to use in traditional loan processes.
The proposed rules would allow banks to more broadly evaluate their financial standing. The ministry’s plan also suggests using cryptocurrencies and other digital assets as potential collateral.
This wording has raised interest across the crypto and fintech sectors.
The proposed rules don’t guarantee automatic approval for all virtual assets. Any use of these assets would still need to comply with Vietnamese laws and the standards banks follow when making loans.
Determining the value of these assets could be a key challenge for lenders. Because digital and virtual assets can fluctuate in price, banks will need robust systems to manage the risk.
The same difficulties exist when dealing with things like patents, copyrights, and new types of digital assets. Banks would need ways to determine who owns them, how much they’re worth, and how to reclaim them if necessary.
This new plan represents a significant change in how Vietnam funds small and medium-sized businesses. It’s designed to help these private companies grow while still following all the relevant laws and regulations.
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2026-05-31 14:29