According to Viet Nam News, the Vietnamese Ministry of Finance has proposed revising the Small and Medium sized Enterprise Support Law to allow small and medium-sized enterprises to use digital assets, virtual assets, intellectual property, and other assets as collateral for bank loans, in order to broaden their financing channels. The draft is publicly soliciting opinions and intends to expand the scope of acceptable collateral assets, including future assets, property rights, and other legal assets. According to reports, small and medium-sized enterprises and individual businesses account for over 98% of the total number of Vietnamese enterprises, but their loan balances only account for 20% of the country's bank credit.
