At a Hanoi workshop on bank collateral organised by Banking Times, which participates in operating the State Bank of Vietnam’s electronic information portal, the State Bank of Vietnam was described as coordinating with the Ministry of Finance to research and propose a legal framework to manage and promote the development of digital assets and digital currency. Discussion centred on whether emerging assets such as digital assets and carbon credits could be accepted as collateral for loans by Vietnamese credit institutions. Speakers highlighted that the legal basis for taking security over digital assets and carbon credits remains under development. A draft Law on Digital Technology Industry was cited as beginning to define digital assets and related ownership rights, while carbon credits were described as lacking specific rules for secured transactions in Vietnam. Proposed building blocks included clarifying the legal status of these assets in the Civil Code, adding supporting provisions in banking legislation and implementing guidance, developing licensing and custody rules, establishing valuation and risk parameters including eligibility criteria and haircuts, piloting use at selected financial institutions, and building a centralised database linked to a national carbon exchange; international references included Thailand’s use of carbon credits as collateral, EU member-state treatment of EU Emission Allowances as transferable intangible assets, and European Central Bank steps to limit high-emission assets used as collateral. The workshop was positioned as an input channel for policymakers as the State Bank of Vietnam and the Ministry of Finance continue their research under Prime Minister’s Directive No. 05/CT-TTg.

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