Summary
In December 2025, Vietnam officially launched the International Financial Center (IFC) under the model of "one center, two destinations" in Ho Chi Minh City (899 ha, focusing on securities, bonds, banks) and Da Nang (300 ha, focusing on logistics, supply chain). Binance was chosen as the strategic partner for digital infrastructure and digital assets, along with other crypto companies like Tether and Bybit, to attract foreign investment (targeting 20 billion USD) and promote fintech/blockchain. This event marks a turning point in integrating crypto into the mainstream economy, under the direct guidance of the Government.
Key Milestones (Updated to 26/12/2025)
September 2025: Deputy Prime Minister Nguyen Hoa Binh invites Binance to open an office in Da Nang and nominates CEO Richard Teng as a senior advisor for IFC, based on experience from Abu Dhabi Global Market. An MoU was signed between Binance and the Da Nang People's Committee regarding blockchain development.
November 2025: Binance signs MoU with the HCMC Department of Finance to support the development of IFC, including building a regulatory sandbox, training human resources, and a legal framework for digital assets. At the same time, launching the Global On-chain Economy Alliance with Tether, Ava Labs, Sky Mavis, and other partners.
December 2025: IFC officially operates from 21/12/2025, with the first 10 members in HCMC including Binance, Tether, Vietcombank, and Nasdaq... Prime Minister Pham Minh Chinh directs the establishment of the IFC Steering Committee, committing to a special process to address investment barriers, integrating AI and digitalization. No major updates after 21/12, but IFC is considered a "safe haven" for crypto players.
Offers and Potential
Offers: Regulatory sandbox for experimentation, foreign-friendly policies (foreign organizations owning up to 49%), low-cost tech workforce, specialized courts, and post-licensing checks.
Potential: Attracting FDI, creating jobs, competing with Singapore/Hong Kong; focusing on balancing innovation and oversight. Risks: Completing AML/KYC and system security.
The report is based on public data up to 26/12/2025; no major news after the launch.
Thuy BNB
BNB Chain ecosystem | Trading Quotes
⚠️ Disclaimer
This article is intended to provide information and education, NOT investment advice.
Cryptocurrency (crypto) carries high risks; you may lose your entire investment.
Always DYOR (Do Your Own Research before investing).
Only invest money that you can afford to lose.
Thank you for reading! Please leave a comment if you have any!