Ho Chi Minh City is moving forward with its plan to build an international financial center and has signed a memorandum of understanding with Binance. The agreement aims to attract foreign capital, boost blockchain development, and modernize the digital infrastructure of Vietnam’s financial market.
The MoU was signed during the Autumn Economic Forum 2025, attended by Prime Minister Pham Minh Chinh, municipal authorities, and international investment funds. Binance will assist in creating digital asset regulations, designing crypto-based payment systems, and connecting global investors with the new Vietnam International Financial Centre. Both parties will form a working group that will meet twice a year and develop a sandbox to test blockchain applications under regulatory oversight.
The agreement includes support for startups and small businesses working in blockchain, artificial intelligence, and fintech through training programs and technical assistance. The partnership builds on Ho Chi Minh City’s MoU with Nasdaq in October and strengthens Vietnam’s strategy to integrate its capital markets with international players. The project maintains the goal of positioning the city as a key financial hub in Asia by 2030.
nte: https://x.com/MetaEraHK/status/1993576600550752435
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