- Binance will introduce foreign investors and financial institutions to Vietnam.
- The agreement includes support for digital asset rules 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 build an international financial hub, with HCM City now partnering with Binance following an MoU signed on 26 November 2025.
The agreement was finalised during the Autumn Economic Forum 2025, 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 that can attract global investors and digital finance companies.
It also builds on Vietnam’s strategy to become more competitive across Asia as technology and digital assets reshape global capital flows.
Partnership expands Vietnam’s global financial links
HCM City is one of two key locations selected for the Vietnam International Financial Centre initiative.
The new agreement with Binance adds momentum to this plan by bringing one of the world’s largest crypto exchanges into Vietnam’s financial development efforts.
The partnership follows the city’s MoU with Nasdaq in October 2025, showing Vietnam’s intention to work closely with major global platforms.
Binance will introduce foreign investors, financial companies, and investment funds to Vietnam to help attract new capital to the financial centre.
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 environment for digital assets and blockchain applications.
Binance will share experience from its global operations to help Vietnam design rules for digital asset use, crypto trading, and blockchain activity.
The agreement covers the development of payment systems using cryptocurrencies and support for digital finance projects that follow strong compliance and safety standards.
Vietnam aims to build a clear regulatory structure that can protect 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 set up a joint working group that meets twice a year to track progress.
The agreement also includes the creation of a sandbox for blockchain and crypto projects.
This controlled environment will allow companies to test products under regulatory supervision.
The sandbox will encourage innovation while reducing risks, giving local and international businesses a structured pathway 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 extends beyond regulation and investment.
Vietnam aims to support startups and small businesses working in blockchain, artificial intelligence, and fintech.
The cooperation includes training sessions, workshops, and expert guidance for regulators and companies.
These programmes will help improve technical capacity and expand knowledge among teams that are crucial to the development of a modern financial centre.
Vietnam sees this as an opportunity to prepare its workforce for a more digital future and compete with regional hubs that are also investing in advanced technologies.
Long term vision to become an Asian finance hub
The collaboration with Binance reinforces Vietnam’s ambition to position HCM City as a major Asian financial hub by 2030.
With new international partnerships, growing regulatory planning, and a focus on digital finance, Vietnam is building the foundations of a financial centre designed for global integration.
The MoU marks another step in linking Vietnam with leading institutions and strengthening its role in regional economic development.
