New Binance Deal Fuels Ho Chi Minh City’s Financial Center Plan

TLDR:

• Binance and Ho Chi Minh City advance a structured plan to support regulated digital asset development.
• The MoU includes investor outreach, sandbox testing, and training for financial regulators.
• A joint working group will guide IFC implementation and address emerging challenges.
• The partnership supports Vietnam’s strategy to build a regional finance and innovation hub.

Ho Chi Minh City moved closer to its International Financial Center plan after signing a cooperation deal with Binance on November 26. The agreement was completed during the 2025 Autumn Economic Forum in the presence of national and city leaders. 

It sets out a broad agenda to support digital asset infrastructure and investor engagement. The deal positions the city for deeper participation in global finance through regulated blockchain activity.

Binance Partnership Anchors IFC Development Strategy

The Department of Finance confirmed the MoU during the forum, according to reporting from Vietnam News. The city views the partnership as a key step toward building a modern financial hub. 

Binance described its role as part of a wider effort to support digital asset policy and market structure in regions where it operates. This aligns with the city’s mandate to develop frameworks for its financial center plan.

Both sides will focus on investor attraction and coordination with financial institutions. The cooperation extends to sharing experience on digital asset rules, blockchain applications, and payment systems that use tokenized infrastructure. 

The report noted that sandbox development is a central part of the roadmap, allowing controlled testing of new digital asset models once regulators approve the structure. This approach supports measured growth while keeping oversight firmly in place.

The deal also covers support for startups and SMEs using blockchain and financial technology. Training programs will help regulators understand new models, giving them tools to assess risks in digital markets. 

Additional cooperation includes work on infrastructure planning for digital assets and the application of artificial intelligence in financial systems. The city expects these initiatives to expand its footprint in technology-driven finance.

A joint working group will meet twice each year to track progress and address challenges. 

Moreover, the agreement will later transfer to the IFC’s operating agency once it is established. This ensures continuity as the center moves from planning into active development. The partnership marks the beginning of a more structured phase for the city’s finance ambitions.

City Signals Intent to Build a Global Finance Hub

Ho Chi Minh City is one of two designated IFC locations under Vietnam’s national strategy. The city aims to strengthen global connectivity by working with international organizations and investment funds. 

The MoU outlines cooperation on hosting promotional events in multiple jurisdictions. This supports a broader effort to create an investment-ready environment.

The Department of Finance has been tasked with coordinating IFC policies on behalf of the municipal leadership. The latest move demonstrates the city’s determination to build a transparent and sustainable financial center. 

Vietnam News described the partnership as an important milestone for the city’s long-term goals through 2030. The cooperation framework gives the city a foundation for regulated blockchain activity and structured investor outreach.

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