- Binance will introduce foreign investors and financial institutions to Vietnam
- The agreement includes support for digital asset regulations and blockchain payment systems
- A joint working group will review progress twice a year
Vietnam has taken a significant step in its long-term plan to build an international financial hub. Ho Chi Minh City has entered a partnership with Binance following a memorandum of understanding signed on November 26, 2025.
The pact was announced at the Autumn Economic Forum 2025, attended by Prime Minister Pham Minh Chinh, municipal leaders, representatives from ministries, and international investment funds.
This collaboration brings Vietnam closer to its goal of developing a modern financial ecosystem capable of attracting global investors and digital finance companies.
It also builds on Vietnam’s broader strategy to strengthen its competitive position across Asia as digital technologies and digital assets reshape global capital flows.
Collaboration expands Vietnam’s global financial connections
Ho Chi Minh City is one of two key locations selected to participate in Vietnam’s international financial center project.
The new agreement with Binance adds momentum to the plan by bringing one of the world’s largest crypto exchanges into Vietnam’s financial development efforts.
This cooperation follows the city’s memorandum with Nasdaq in October 2025, demonstrating Vietnam’s intent to work closely with major global platforms.
Binance will introduce foreign investors, financial firms, and investment funds to Vietnam to help channel new capital into the proposed financial hub.
The approach aims to increase international engagement and enhance Vietnam’s ability to connect with global markets.
Supporting digital asset rules and blockchain activity
A core element of the partnership focuses on shaping Vietnam’s regulatory environment for digital assets and blockchain applications.
Binance will share global operational experience to assist Vietnam in designing rules for digital asset usage, crypto trading, and blockchain activities.
The agreement covers the development of payment systems using digital currencies and support for digital finance projects that comply with strict regulatory and security standards.
Vietnam aims to establish a clear regulatory framework that protects users while encouraging innovation, particularly 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 form a joint working group that will meet twice a year to monitor progress.
The agreement also includes creating a sandbox for blockchain and crypto projects.
This regulated environment will allow companies to test products under regulatory oversight.
The sandbox will promote innovation while mitigating risk, giving domestic and international businesses a structured path to explore new technologies.
It is expected that this mechanism will support responsible growth and help regulators better understand emerging digital finance models.
Training and support for startups in emerging technologies
The collaboration extends beyond regulation and investment.
Vietnam aims to support startups and small businesses working on blockchain, artificial intelligence, and fintech.
Initiatives under the partnership include training, workshops, and expert guidance for regulators and companies.
These programs will develop technical capacity and increase knowledge among teams critical to building a modern financial center.
Vietnam sees 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 partnership with Binance reinforces Vietnam’s ambition to position Ho Chi Minh City as a major Asian financial center by 2030.
With strengthened regulatory planning and a focus on digital finance, Vietnam is laying the foundations for a financial hub designed for global integration.
This memorandum of understanding represents another step in connecting Vietnam with leading institutions and strengthening its role in regional economic development.