Overview
- City officials confirmed the cooperation deal on November 26 during the Autumn Economic Forum attended by Prime Minister Pham Minh Chinh and other national leaders.
- A joint working group created under the agreement will meet twice a year to track implementation and resolve issues.
- The partnership establishes a regulated sandbox for blockchain and crypto projects to test products under supervisory oversight.
- Binance will help connect Ho Chi Minh City with foreign investors, financial institutions, and funds to attract capital to the IFC effort.
- The cooperation includes sharing expertise on digital-asset rules and blockchain payments, capacity-building for regulators, support for startups and SMEs, and a plan to transfer the MoU to the future IFC operating agency.