- Ho Chi Minh City partners with Binance to advance Vietnam’s International Financial Centre.
- The partnership will focus on blockchain, digital assets, and regulatory frameworks.
- A Joint Working Group and training programs will support investor attraction and the centre’s official launch in December 2025.
Ho Chi Minh City has taken a big step toward creating Vietnam’s International Financial Centre (VIFC–HCMC) by signing a cooperation agreement with Binance.
The agreement was signed on November 25 at the Autumn Economic Forum 2025, with Prime Minister Pham Minh Chinh and international investors in attendance.
Strategic Partnership for Vietnam’s Financial Goals
The agreement focuses on four main areas that support the city’s goal of becoming a regional hub for finance, technology, and innovation. Ho Chi Minh City is one of two sites planned for Vietnam’s international financial centre, with the Department of Finance guiding its development.
Binance said it will continue supporting the growth of blockchain and digital assets and take part in policy development in the countries where it operates.
Key Areas of Cooperation
Under the agreement, the two sides will work together to:
- Facilitate and introduce investors, financial institutions, and investment funds to operate at the VIFC–HCMC.
- Share expertise on building legal frameworks for digital assets, blockchain technologies, and digital-asset payment infrastructure.
- Support the creation of a controlled testing environment (sandbox) for digital asset projects once the regulatory foundation is in place.
- Develop and support an innovation ecosystem for SMEs and startups applying blockchain, digital technology, and fintech.
The partnership also covers regulatory compliance in line with Vietnamese law, international law, and global standards.
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Training and Technology Collaboration
The MoU includes training programs for regulatory agencies through workshops, seminars, and expert exchanges. Both sides will also explore consulting support for digital-asset payments, AI solutions, and blockchain innovations.
Ho Chi Minh City and Binance may co-host global events to attract international investors and financial institutions.
Additionally, a Joint Working Group will be created to make action plans, monitor progress, and address challenges. The group will meet at least twice a year. Once the International Financial Centre officially launches, the MoU will be managed by that agency.
Boosting Vietnam’s Global Financial Role
The agreement is an important step in Vietnam’s goal to strengthen its presence in global capital markets. It is expected to improve regulatory capacity, attract quality investment, and support growth in Ho Chi Minh City’s finance and technology sectors.
This follows a similar MoU in October 2025 between Vietnam’s Department of Finance and Nasdaq.
Preparing for December Launch
Ho Chi Minh City is speeding up preparations to launch the International Financial Centre in December 2025, according to National Assembly Resolution 222/2025/QH15. The city is committed to building a transparent, competitive, and investor-friendly environment.
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Source: https://coinedition.com/ho-chi-minh-city-binance-partner-to-launch-global-finance-hub/
