- Binance will introduce foreign investors and financial institutions to Vietnam.
- The agreement includes support for digital assets and blockchain payment systems.
- A joint working group will monitor progress twice a year.
Vietnam has taken a significant step in its long-term plan to develop an international financial center, with Ho Chi Minh City partnering with Binance under an MoU signed on November 26, 2025.
The agreement was finalized during the 2025 Autumn Economic Forum, attended by Prime Minister Pham Minh Chinh, city leaders, ministry representatives, and international investment funds.
The collaboration brings Vietnam closer to its goal of creating a modern financial ecosystem capable of attracting global investors and digital financial companies.
It also builds on Vietnam’s strategy to become more competitive within Asia as technology and digital assets reshape global capital flows.
The partnership expands Vietnam’s global financial connections
Ho Chi Minh City is one of two key locations selected for the Vietnam International Financial Centre initiative.
The new agreement with Binance gives momentum to that plan by involving one of the world’s largest cryptocurrency exchanges in Vietnam’s financial development efforts.
The partnership follows the city’s MoU with Nasdaq in October 2025, signaling Vietnam’s intent to work closely with major global platforms.
Binance will bring foreign investors, financial firms, and investment funds to Vietnam to attract fresh capital into the financial center.
This approach aims to increase international participation and strengthen Vietnam’s ability to connect with global markets.
Support for digital asset rules and blockchain activity
A key element of the cooperation is shaping Vietnam’s regulatory environment for digital assets and blockchain applications.
Binance will share insights from its global operations to help Vietnam develop rules for the use of digital assets, crypto trading, and blockchain activities.
The agreement includes developing payment systems that incorporate cryptocurrencies and supporting digital finance projects that meet strict compliance and security standards.
Vietnam aims to establish a clear regulatory framework that protects users while encouraging innovation, especially as demand grows for transparent rules in digital finance across the region.
Joint working group and blockchain sandbox
To guide the partnership, Vietnam and Binance will establish a joint working group that meets twice a year to monitor progress.
The agreement also provides for the creation of a sandbox program for blockchain and crypto projects.
This controlled environment will allow companies to test products under regulatory supervision.
The sandbox is intended to foster innovation while mitigating risks, offering local and international firms a structured path to explore new technologies.
The mechanism is designed to support responsible growth and help regulators better understand emerging digital finance models.
Training and support for startups in new technologies
The partnership extends beyond regulation and investment.
Vietnam aims to support startups and small businesses working in blockchain, artificial intelligence, and fintech.
The collaboration includes training, workshops, and expert advisory services for regulators and companies.
These programs will help build technical capacity and expand the knowledge of teams responsible for developing a modern financial center.
Vietnam views this as an opportunity to prepare its workforce for a more digital future and to compete with regional hubs that are also investing in advanced technologies.
Long-term vision to become an Asian financial center
The collaboration with Binance underscores Vietnam’s ambition to position Ho Chi Minh City as a significant Asian financial center by 2030.
With new international partnerships, growing regulatory planning, and a focus on digital finance, Vietnam is laying the groundwork for a financial hub designed for global integration.
The MoU marks another step in connecting Vietnam with leading institutions and strengthening its role in regional economic development.