- Binance introduces foreign investors and financial institutions to Vietnam.
- The agreement includes support for digital asset regulations and blockchain payment systems.
- A joint working group will track progress twice a year.
Vietnam has taken a significant step in its long-term plan to build an international financial center, with Ho Chi Minh City partnering with Binance following the memorandum of intent signed on November 26, 2025.
The agreement was finalized during the autumn 2025 economic forum, attended by Prime Minister Pham Minh Chinh, municipal 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 finance firms.
It also supports Vietnam’s strategy to become more competitive in Asia as technology and digital assets reshape global capital flows.
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 accelerates this plan by bringing one of the world’s largest crypto exchanges into Vietnam’s financial development.
The partnership follows the city’s memorandum of intent with Nasdaq in October 2025, underscoring Vietnam’s intent to collaborate closely with major global platforms.
Binance will help introduce foreign investors, financial firms and investment funds to Vietnam to attract fresh capital to the financial center.
This approach aims to increase international participation and strengthen Vietnam’s ability to connect to global markets.
Support for digital asset rules and blockchain operations
A major element of the partnership focuses on shaping the regulatory environment for Vietnam’s digital assets and blockchain applications.
Binance will share experience from its global operations to assist Vietnam in crafting rules for digital asset usage, crypto trading and blockchain services.
The agreement covers development of payment systems using cryptocurrencies and support for digital finance projects that meet strict compliance and security standards.
Vietnam seeks to build a clear regulatory framework that protects users while fostering innovation, particularly as demand grows across the region for transparent rules for digital finance.
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 includes creation of a sandbox for blockchain and crypto projects.
This controlled environment will allow companies to test products under regulatory oversight.
The sandbox encourages innovation and reduces risk by offering local and international firms a structured path to explore new technologies.
The mechanism is expected 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 plans to support startups and small businesses working in blockchain, artificial intelligence and fintech.
Collaboration will include training programs, workshops and expert guidance for regulators and companies.
These initiatives will help improve technical capacity and broaden knowledge among teams that are critical to 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 hub
The collaboration with Binance strengthens Vietnam’s effort to position Ho Chi Minh City as a major Asian financial hub by 2030.
With new international partnerships, expanded regulatory planning and a focus on digital finance, Vietnam is laying the foundation for a financial center designed for global integration.
The memorandum of intent marks a new step in connecting Vietnam with leading institutions and reinforcing its role in regional economic development.