Vietnam's recent move is impressive; small and medium-sized enterprises can finally use digital assets as collateral for loans, and the financing difficulties for 98% of micro and small businesses are now solvable.

The Vietnamese Ministry of Finance has proposed amending the "Small and Medium Enterprise Support Law" to allow SMEs to use digital assets, virtual assets, intangible assets, intellectual property, and future assets as collateral for bank loans, in order to broaden financing channels. Micro and small enterprises account for over 98%, but their loan balances only make up about 20% of the total bank credit nationwide; Vietnam is also accelerating the regulation of the crypto industry, having opened a licensing application channel for domestic crypto trading platforms, with plans to launch the first regulated markets as early as the third quarter of 2026.