Vietnam Finance Ministry Backs Use of Digital Assets as Collateral for SME Bank Loans

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 digital assets, virtual assets, intellectual property, and property rights as collateral.

The proposal seeks to address a financing gap affecting thousands of companies. SMEs account for more than 98% of businesses in Vietnam, yet they receive only a fraction of total bank credit. Many firms struggle to meet lending requirements because they lack land, buildings, or other physical assets.

The Vietnam Digital Assets Loan Collateral proposal could change that dynamic. Technology startups often hold valuable software, patents, and intellectual property, but remain excluded from traditional lending channels.

By recognizing a broader range of assets, the government aims to improve financing access for growing businesses and encourage innovation across the economy.

Digital Asset Reform Aligns With Vietnam’s Crypto Push

The draft law goes beyond collateral reform. It also encourages banks to evaluate borrowers using business plans, cash flow projections, credit ratings, and market potential.

This approach reflects the changing structure of modern businesses, particularly those operating in technology-driven sectors.

In addition, the proposal introduces support measures for sustainable enterprises. Businesses involved in energy-saving projects and circular economy initiatives could gain access to preferential financing, credit guarantees, and interest-rate support. Tax incentives and ESG-related assistance are also included in the draft framework.

The initiative arrives as the country strengthens its position in the global crypto sector. Vietnam ranked fourth in Chainalysis’ 2025 Global Crypto Adoption Index, reflecting strong digital asset participation. 

Earlier this year, regulators introduced a licensing pathway for domestic crypto trading platforms. Officials have also indicated that regulated crypto market activity could begin in the third quarter of 2026.

These developments signal Vietnam’s effort to modernize and create new opportunities for businesses operating in the digital economy.

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