According to Viet Nam News, the Vietnamese Ministry of Finance has proposed allowing small and medium-sized enterprises to use digital assets, virtual assets, and intellectual property rights as collateral for bank loans to improve financing channels for private and tech startups. The proposal has been included in the draft revision of the "Small and Medium Enterprise Support Law" and is currently open for public consultation.


The draft aims to expand the range of acceptable collateral assets, allowing companies to apply for loans using future assets, property rights, digital assets, virtual assets, and other legal assets. The report states that small and medium-sized enterprises and individual businesses account for over 98% of Vietnam's total enterprises, but their related loan balances only account for about 20% of the total bank credit in the country.
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