- Binance will introduce foreign investors and financial institutions to Vietnam.
- The agreement includes support for rules on digital assets and blockchain payment systems.
- A joint working group will monitor progress twice a year.
Vietnam has taken a notable step toward its long-term plan to build an international financial hub: Ho Chi Minh City is partnering with Binance under a memorandum of understanding signed on November 26, 2025.
The agreement was finalized at the Autumn Economic Forum 2025, attended by Prime Minister Pham Minh Chinh, city leaders, ministry representatives and international investment funds.
This collaboration advances Vietnam’s goal of creating a modern financial ecosystem that attracts global investors and digital financial firms.
It also aligns with Vietnam’s strategy to increase competitiveness 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 chosen for Vietnam’s International Financial Centre initiative.
The new agreement with Binance gives momentum to that plan by bringing one of the world’s largest cryptocurrency exchanges into Vietnam’s financial development efforts.
The partnership follows the city’s memorandum with Nasdaq in October 2025, underscoring Vietnam’s intent to work closely with major global platforms.
Binance will introduce foreign investors, financial firms and investment funds to Vietnam to help attract new capital to 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 major part of the cooperation involves shaping Vietnam’s regulatory framework for digital assets and blockchain applications.
Binance will share experience from its global operations to help Vietnam design rules for digital asset use, cryptocurrency trading and blockchain activity.
The agreement covers the development of payment systems using cryptocurrencies and support for digital finance projects that meet strict compliance and security standards.
Vietnam aims to build a clear regulatory structure that protects users while supporting innovation, especially as demand for transparent rules in digital finance continues to grow across the region.
Joint working group and blockchain sandbox
To guide the partnership, Vietnam and Binance will establish a joint working group that will meet twice a year to review progress.
The agreement also includes creating a sandbox for blockchain and crypto projects.
This controlled environment will allow companies to test products under regulatory supervision.
The sandbox is intended to encourage innovation while mitigating risks, giving local and international businesses a structured path to explore new technologies.
The mechanism is expected to support responsible growth and help regulators understand emerging digital finance models.
Training and support for startups in new technologies
The partnership goes beyond regulation and investment.
Vietnam intends to support startups and small businesses working in blockchain, artificial intelligence and fintech.
Cooperation includes training sessions, workshops and expert mentoring for regulators and companies.
These programs will help build technical capacity and broaden knowledge across teams—essential 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
Working with Binance reinforces Vietnam’s ambition to position Ho Chi Minh City as a major Asian financial center by 2030.
With new international partnerships, evolving regulatory planning and a focus on digital finance, Vietnam is laying the foundations of a financial hub designed for global integration.
The memorandum marks another step in linking Vietnam with leading institutions and strengthening its role in regional economic development.