HCM City Signs a Major Deal with Binance to Strengthen International Financial Centre

Key Takeaways:

• HCM City and Binance sign an initial MoU to speed up its International Financial Centre (VIFC-HCMC), with a keen interest in crypto, blockchain and regulation of digital assets.
• Cooperation includes investor onboarding, regulatory framework, a crypto sandbox, and capacity building of the Vietnam financial regulators.
• The purpose of the partnership is to make HCM City a high-grade regional crypto-fintech center by 2030 to enhance access to capital markets and attract international digital asset companies.

HCM City is putting in increased efforts to become one of the key financial centers in Asia, and the recent decision to form a cooperation with Binance is an indication of a decisive step towards establishing a fully modernized, crypto-ready financial hub. The signing was conducted in the Autumn Economic Forum 2025, which was attended by the top leader of the government and the international investment funds.

A Tactical Push to Develop Vietnamese Digital Finance

HCM City is among the designated sites of international financial centres of the country which are set to be integrated in Vietnam in the future and the digital assets are taking a central position in this plan. Through working formal cooperation with Binance, the city will have direct access to international experience of crypto-markets, blockchain integration, and compliance of digital-assets.

Binance is among the largest businesses in the world, in terms of volume of trade, in the blockchain ecosystem and will help the city in four major areas:

• Bringing international investors and digital-finance institutions to Viet Nam;
• Exchanging experience regarding the creation of digital-asset legal frameworks;
• Payment infrastructure: supporting using blockchain;
• Suggesting risk management of digital assets, regulatory best practices and market surveillance.

The officials of the city consider the MoU to be a high-impact move that assists in opening the regulatory and technical skills required to compete with the new regionally established crypto hubs like Singapore and Hong Kong.

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Building a Crypto Sandbox and Strengthened Regulatory Capacity

One of the key components of the partnership is a supervised testing environment of blockchain and crypto services also known as a sandbox. After the legal corridor is passed, the sandbox will enable companies to experiment with tokenization models, blockchain-powered payments, settlement tools, and other crypto-powered products without ever being full-licensed.

The officials indicate that this model will provide the regulators with practical experience in overseeing the digital-asset activity to enable them to evaluate the risks associated with these activities, including market manipulation, the security of custody, and AML compliance, in a more effective manner. It is also a safer route of piloting new ideas by start-ups and fintech businesses.

The MoU also incorporates intensive training programs to government agencies. Specialists on Binance will participate in workshops and technical meetings dedicated to:

• Regulatory technology (RegTech);
• Blockchain audit trails;
• Inter-country movements of digital-assets;
• Systems of decentralized finance (DeFi) regulation.

Relating Global Capital and Fueling the Crypto Innovation Ecosystem

This collaboration is not merely over rules, but also over capitals. Binance will bring investment funds, digital-asset companies, and blockchain infrastructure players to play in the VIFC-HCMC. It is a role of investing onboarding, and is likely to extend the connections that Vietnam has with the largest market globally, such as the US, EU, Middle East, and east Asia.

The HCM City hopes to lure companies that are involved in:

• Cryptocurrency trading infrastructure;
• Payment gateways based on blockchain;
• Tokenization of physical assets;
• Web3 enterprise solutions;
• Artificial intelligence and blockchain hybrid applications.

In this ecosystem support is another fundamental obligation in the MoU. With the help of a blockchain or fintech application, SMEs and start-ups will have access to advice on compliance, infrastructure choice, global standards, and market growth opportunities.

The authorities note that AI + blockchain, which Binance is aggressively pursuing in the global market, opens up new possibilities to the Vietnamese digital-economy agenda, particularly in the area of financial data automation and secure identity systems.

Empowering Vietnam in Crypto and Fintech Regional Markets

The signing is one of the largest steps of Vietnam towards entering the global markets of digital assets. The leaders of HCM City claim that the joint venture will contribute to increasing the access of the city to international capital, strengthening its digital finance competitiveness, and insurance of the fact that the regulatory frameworks are changing in tandem with world practices.

The ambition of Vietnam is obvious: to become a transparent, competitive and innovation-driven financial centre by 2030, that is, the one that will be able to compete with the largest hubs in Asia.

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