GIFT City has signed an MoU with the Vietnam International Financial Center – Da Nang (VIFC-DN) to strengthen cooperation in financial services, fintech, digital innovation and cross-border investment. The partnership will also help Vietnam develop its international financial centre by leveraging GIFT City’s institutional expertise.
Key Highlights
- GIFT City signed an MoU with Vietnam International Financial Center – Da Nang.
- The partnership will promote financial services, fintech and cross-border investments.
- GIFT City will share its institutional expertise in developing an international financial centre.
- The collaboration includes research, professional exchanges and capacity building initiatives.
New Delhi, July 07: Gujarat International Finance Tec-City (GIFT City), India’s International Financial Services Centre (IFSC), has signed a Memorandum of Understanding (MoU) with the Vietnam International Financial Center – Da Nang (VIFC-DN) to strengthen cooperation in financial services, fintech, digital innovation and cross-border investment.
The agreement aims to support the development of Vietnam’s emerging international financial centre by enabling the sharing of institutional knowledge, best practices and regulatory experience gained through GIFT City’s successful development as India’s only IFSC.
Under the partnership, the two financial hubs will collaborate on financial sector development, fintech innovation, professional capacity building, joint research, conferences, knowledge exchange programmes and business outreach initiatives. The collaboration is also expected to create new opportunities for cross-border investments and stronger commercial ties between India and Vietnam.
Sanjay Kaul, Managing Director and Group CEO of GIFT City, said international partnerships are essential for building globally competitive financial centres. He noted that the collaboration would open new opportunities in investment, financial services and technology, while further strengthening bilateral economic engagement.
The announcement follows two recent strategic MoUs signed by GIFT City with Tata Communications and CEPT University. The partnership with Tata Communications aims to position GIFT City as a preferred destination for Global Capability Centres (GCCs), treasury centres and technology enterprises, while the agreement with CEPT University focuses on research, executive education, sustainability, urban planning and capacity building.
GIFT City continues to strengthen its position as a leading global financial hub. As of March 2026, the IFSC hosts more than 1,500 entities with banking assets worth approximately $111 billion, reflecting its growing importance in India’s international financial ecosystem.
Conclusion
The GIFT City–Vietnam Da Nang partnership marks an important step in expanding India-Vietnam financial cooperation, promoting investment, innovation and institutional collaboration while reinforcing GIFT City’s emergence as a globally competitive financial centre.
