Ho Chi Minh City, Binance sign MOU to cooperate on International Financial Center development
Summary
- Ho Chi Minh City and the world's largest virtual asset exchange, Binance, announced they signed a memorandum of understanding (MOU) to develop an International Financial Center.
- The two sides said they agreed to pursue establishing regulations related to digital assets and blockchain, support for startups and small and medium-sized enterprises (SMEs), and training programs for regulatory authorities.
- They said the cooperation will be managed by a joint working team and the MOU will be transferred to the operating body of the International Financial Center in the future.
The world's largest virtual asset (cryptocurrency) exchange, Binance, and Vietnam's Ho Chi Minh City have signed a memorandum of understanding (MOU) to develop an International Financial Center (IFC).
On the 26th (Korean time), according to Tech in Asia, the Ho Chi Minh City Department of Finance and Binance signed an MOU for IFC development on the occasion of the Autumn Economic Forum 2025 and agreed to pursue establishing regulations related to digital assets and blockchain, support for startups and small and medium-sized enterprises (SMEs), and training programs for regulatory authorities.
The cooperation will be managed by a joint working team, and the MOU will be transferred once an operating body for the International Financial Center is established.
Uk Jin
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