Hot fact💡: Vietnam's retail penetration rate and on-chain activity in cryptocurrency have consistently ranked among the top three globally for years, and the homeland of the game-changing Axie Infinity that broke the circle.

If Vietnam becomes the trend this time, will neighboring Thailand, Indonesia, and even the broader Latin American region quickly follow suit🤨?
Vietnam 🇻🇳 plans to allow digital assets as collateral for bank loans, promoting the integration of crypto assets into the formal financial system.
On June 1, according to FinanceFeeds, Vietnam's Ministry of Finance has proposed an amendment to the "Support Law for Small and Medium Enterprises," aiming to allow domestic credit institutions to accept digital assets and virtual assets as legitimate collateral for commercial bank loans. The proposal aims to break the long-standing financing model that relies on physical assets such as real estate as the main collateral, unlock liquidity in the crypto asset market, and broaden financing channels for SMEs.
The report states that Vietnam has approximately 930k SMEs, accounting for over 98% of the total registered enterprises nationwide, but currently only receives about 19% to 20% of credit resources from the banking system. According to the amendment, future commercial banks can include digital assets, intellectual property, movable assets, and future-generated assets as collateral, and issue loans more based on enterprise cash flow, credit ratings, and digital asset holdings. If the bill is approved by the National Assembly by October 2026, it is expected to officially take effect on July 1, 2027.