Vietnam dey propose say SMEs fit use digital assets as collateral for loan

Vietnam Ministry of Finance don propose say dem wan expand wetin SME fit use as collateral. For one draft wey dem dey do to revise the Law for Support for SMEs—wey dey open for public consultation now—SMEs fit use digital assets and virtual assets join intellectual property and other intangible assets take secure bank loans. This policy dey target one credit gap wey dey persist. SMEs and household businesses na over 98% of Vietnamese enterprises, but their loans na only about 20% of total banking credit, mainly because eligible collateral dey limited, financial transparency weak, and dem get small capital base. Important for credit risk, the draft dey urge banks make dem assess borrowers with wider criteria like credit ratings, business plans, cash flows and market expansion potential—not only fixed assets. But banks no must accept every digital asset, and assets must dey lawful under Vietnamese regulations, so valuation, custody, and risk-control fit still be big implementation challenges. For crypto traders, short-term market impact suppose be limited because na proposal this still be. Still, e dey strengthen the onshore legal pathway for digital assets as loan collateral, and e fit gradually improve demand and liquidity if dem finalize the framework.