Vietnam proposes allowing SMEs to use digital assets, virtual assets, and IP as loan collateral under draft law. Vietnam’s Finance Ministry has proposed a policy change that could allow small and medium-sized enterprises to use digital assets, virtual assets, and intellectual property as bank loan collateral. The plan, now under public consultation, could widen credit […]
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TLDR: Vietnam’s Finance Ministry proposes digital assets and IP as eligible collateral for SME loans. The draft law aims to improve financing access for startups lacking traditional physical assets. Banks may assess borrowers using cash flows, business plans, and market potential metrics. The proposal aligns with Vietnam’s broader push toward regulated digital asset markets. The Vietnam Finance Ministry proposed allowing SMEs to secure loans using digital and virtual assets. The move aims to improve credit access for startups and innovation-focused businesses that lack traditional collateral. Vietnam Opens New Financing Route for SMEs Vietnam’s Ministry of Finance has proposed expanding the types of assets small and medium-sized enterprises can use when applying for bank loans. Under a draft amendment to the Law on Support for SMEs, businesses could pledge
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A New Kind of Collateral for Vietnam’s Small Businesses For years, Vietnamese tech founders and small manufacturers have faced a common roadblock: they need capital to grow, but banks demand land titles or factory buildings as collateral—assets many startups simply don’t own. A draft amendment now under public consultation could rewrite that rulebook. Vietnam’s Ministry of Finance has proposed expanding legal collateral to include digital assets, virtual assets, and intellectual property, opening a path for crypto portfolios and tokenized IP to back business loans. According to the original report published by WuBlockchain via Vietnam News Agency, the proposal is embedded in a draft revision of the Law on Support for SMEs. It explicitly lists future-formed assets, property rights, and digital and virtual assets among acceptable forms of collateral for bank loans, alongs
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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational arti
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Vietnam’s Ministry of Finance has proposed letting small and medium-sized enterprises use digital assets, virtual assets and intellectual property as collateral for bank loans. The proposal is part of a draft revised Law on Support for SMEs, which is open for public consultation, according to a Friday report by Vietnam News. Under the framework, businesses could secure loans using future-formed assets, property rights, intangible assets and digital or virtual assets. SMEs and household businesses account for more than 98% of all enterprises in Vietnam, yet outstanding loans to the segment represent only around 20% of total bank credit in the economy, per the report. The Ministry attributed the imbalance to a lack of eligible collateral, limited financial transparency and the small capital base of most SMEs. Many startups and technology-driven companies hold valuable sof
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Vietnam proposes allowing SMEs to use digital assets, virtual assets, and IP as loan collateral under draft law. Vietnam’s Finance Ministry has proposed a policy change that could allow small and medium-sized enterprises to use digital assets, virtual assets, and intellectual property as bank loan collateral. The plan, now under public consultation, could widen credit access for private firms and technology startups that lack land or other fixed assets. Vietnam Reviews New Loan Collateral Rules According to Viet Nam News, the Ministry of Finance has added the proposal to a draft amendment to the Law on Support for SMEs. The draft would expand the types of assets that banks may accept when firms apply for loans. The proposal includes future-formed assets, property rights, intellectual property rights, intangible assets, digital assets, and virtual assets. It also covers other lawful assets unde
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Vietnam’s Ministry of Finance has proposed allowing small and medium-sized enterprises to use digital assets, virtual assets and intellectual property as collateral for bank loans. Summary Vietnam’s draft allows SMEs to pledge digital assets, virtual assets and IP for bank loans. SME loans reached only 20% of total credit despite firms representing 98% of businesses national. The plan pushes banks toward cash flow and credit-rating lending beyond real-estate collateral requirements alone. The proposal is part of the draft revised Law on Support for SMEs, which is open for public consultation, according to Viet Nam News. The plan would widen the type of assets that businesses can use when applying for bank loans. Under the draft, SMEs could use assets formed in the future, property rights, intellectual property rights, intangible assets, digital assets, virtual assets and other law
