Ho Chi Minh City Signs Blockchain Cooperation Agreement with International Trading Platform to Build Vietnam’s Financial Innovation Hub

Recently, the Department of Finance of Ho Chi Minh City, Vietnam, reached an important cooperation agreement with an international digital asset trading platform. Both parties signed a memorandum of understanding to jointly promote the city’s development into a leading international financial center. The agreement was officially signed during the Autumn 2025 Economic Forum, with Vietnamese Prime Minister Phạm Minh Chính, city leaders, representatives from various ministries, and international investment fund representatives in attendance.

**Concrete Actions to Build a Digital Financial Ecosystem**

This cooperation is not merely a formal agreement but has initiated a series of substantive joint initiatives. Both parties will promote blockchain applications and digital asset innovation for startups, small and medium-sized enterprises, and large corporations in Ho Chi Minh City through training workshops, knowledge sharing, and consulting support. This includes providing local stakeholders with international best practice training and professional consulting tailored to specific blockchain solutions.

**Driving Modernization and Upgrading Vietnam’s Financial Landscape**

As Southeast Asia’s economic hub, Ho Chi Minh City is accelerating its efforts to establish an international financial center. This memorandum of understanding reflects a consensus among government departments and industry leaders on promoting responsible digital financial innovation. Through this cooperation, Ho Chi Minh City aims to strengthen connections within the global and domestic financial ecosystems, laying a foundation for innovative adoption and sustainable growth in Vietnam’s rapidly developing financial landscape.

**Practical Significance of Blockchain Applications**

The agreement emphasizes the importance of enhancing financial inclusion and market transparency through blockchain technology. The partnership plans to pilot various blockchain solutions and promote the secure application of digital assets in Ho Chi Minh City and surrounding areas. This initiative aims to help Vietnam fully leverage blockchain innovation to unlock economic growth potential while establishing a sound regulatory framework to ensure industry compliance and sustainability.

This cooperation marks an important step for Ho Chi Minh City in the digital financial sector, signaling that Vietnam will see more government-business collaboration opportunities in blockchain and digital assets.