KEY TAKEAWAYS
- Binance partners with Ho Chi Minh City to develop Vietnam’s International Financial Centre.
- The collaboration includes training, advisory support, and blockchain initiatives.
- Binance aims to foster innovation and responsible growth in Vietnam’s financial ecosystem.
Binance has signed a memorandum of understanding (MoU) with the Ho Chi Minh City Department of Finance to support the development of Vietnam’s future International Financial Centre. This agreement marks a significant step in advancing the city’s ambition to become a leading hub for international finance.
The collaboration encompasses cooperation in training, advisory support, and blockchain application initiatives. It underscores Binance’s commitment to fostering responsible industry growth through partnerships with regulators and government agencies. The announcement was made here.
Driving Innovation Through Training and Advisory Support
The signing ceremony was attended by Prime Minister Pham Minh Chinh, municipal leaders, representatives of ministries, and international investment funds. It took place on the sidelines of the Autumn Economic Forum 2025.
This cooperation is not merely symbolic; it initiates a series of concrete joint initiatives and programs. These include training and seminars for local stakeholders, advisory support on blockchain applications, and connections across the global and domestic financial ecosystem.
Binance’s Chief Compliance Officer, Noah Perlman, expressed enthusiasm for the partnership, stating that it aims to build a strong foundation for Vietnam’s International Financial Centre. The collaboration will focus on sharing global best practices for digital assets, piloting blockchain solutions, and fostering innovation among startups, SMEs, and enterprises within the city and beyond.
Commitment to Responsible Growth
This agreement demonstrates Binance’s dedication to responsible growth in collaboration with local regulators and partners. With the support of Ho Chi Minh City, Binance intends to create a more inclusive and sustainable ecosystem for Vietnam.
The signing marks another milestone in Binance’s efforts to work closely with governments, regulators, and industry leaders to responsibly build the future of digital finance. Through continued cooperation, Binance aims to help Vietnam harness blockchain innovation to unlock growth, enhance financial inclusion, and strengthen the foundations of a modern and globally connected economy.
Why This Matters: Impact, Industry Trends & Expert Insights
Binance’s partnership with Ho Chi Minh City marks a pivotal development in Vietnam’s strategy to establish a leading International Financial Centre. This collaboration is set to enhance Vietnam’s financial infrastructure through blockchain innovation and regulatory cooperation.
A recent report by Tiger Research highlights significant crypto trends in Vietnam, including the establishment of a regulated crypto sandbox. This initiative aligns with the news as it facilitates innovation while ensuring regulatory oversight, supporting Vietnam’s ambitions to become a regional fintech hub by 2030.
According to CoinLaw, experts view the Binance–Vietnam partnership as transformative, potentially positioning Vietnam as a leading digital financial hub in Southeast Asia by 2030. This collaboration is expected to foster a secure and compliant crypto regulatory environment, attracting foreign investors and driving digital finance growth. This supports the significant impact of the partnership on Vietnam’s financial landscape.
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