Southeast Asia Information Port (www.dnyxxg.com) – Within the framework of the 2025 Autumn Economic Forum, the Ho Chi Minh City Department of Finance and Binance, the world's largest cryptocurrency exchange, signed a Memorandum of Understanding (MOU) on the 25th to jointly promote the development of the Vietnam International Financial Centre (VIFC–HCMC) in Ho Chi Minh City. Vietnamese Prime Minister Pham Minh Chinh, leaders of the Ho Chi Minh City People's Committee, and representatives from various departments, agencies, and international investment funds attended and witnessed the signing ceremony.
According to the MOU, both parties agreed to introduce investors, financial institutions, and investment funds to invest and do business in the VIFC–HCMC; and to exchange experiences on establishing a legal framework for digital assets, blockchain technology, and digital asset payment infrastructure.
Furthermore, both parties will establish and propose pilot programs to adopt a controlled testing mechanism (Sandbox) for various digital asset projects in the VIFC–HCMC, and cooperate in building/supporting an ecosystem of innovative enterprises and SMEs applying digital technologies, blockchain, and fintech.
Meanwhile, the city is exploring cooperation possibilities and providing consulting support for establishing digital asset payment infrastructure, artificial intelligence (AI), and blockchain application solutions, as well as building an innovative enterprise ecosystem that applies digital technologies, blockchain, and fintech.
Previously, in mid-October 2025, the Ho Chi Minh City Department of Finance also signed a memorandum of understanding for cooperation with the Nasdaq Stock Exchange in New York.
The Ho Chi Minh City People's Committee revealed that the city government is currently redoubled its efforts to ensure the International Financial Center is operational by December 2025. The leadership of the Ho Chi Minh City People's Committee pledged to create a convenient and transparent environment to attract investors. (End)
