VIFC-DN and GIFT City (India) Sign Strategic Cooperation Agreement, Expanding Connectivity with One of the World's Fastest-Growing International Financial Centers

On June 30, 2026, as part of a working visit to India, a delegation from the Viet Nam International Financial Center Executive Agency in Da Nang City (VIFC-DN), led by Mr. Dang Dinh Duc, Standing Vice Chairman of VIFC-DN's Executive Agency, together with leaders of the Membership Department and the Strategy and Engagement Department, visited, held working sessions, and signed a Memorandum of Understanding on cooperation with GIFT City (Gujarat International Finance Tec-City) – India's international financial center.

 Receiving and working with the VIFC-DN delegation were Mr. Sanjay Kaul, Group CEO & Managing Director, Mr. Bharath Shivappa, President & Chief of Markets, along with the leadership of GIFT City. The working session took place in an open, substantive atmosphere geared toward long-term cooperation opportunities, reflecting both sides' determination to build a bridge between the two international financial centers.



In recent years, GIFT City has emerged as a successful model of international financial center development in India, built on an integrated ecosystem of finance, technology, and innovation. Guided by the Indian Government's vision to serve as a gateway connecting the domestic financial market with global markets, GIFT City has attracted thousands of financial institutions, banks, fund management companies, fintech enterprises, and international financial service organizations, and has become a key destination for cross-border financial activities and financial innovation.

On Viet Nam's side, VIFC-DN is being developed with the vision of becoming an international financial center with a distinct identity of its own, grounded in innovation, green finance, and sustainable development. Under a specialized legal framework issued by the National Assembly and the Government of Viet Nam, VIFC-DN prioritizes strategic sectors such as digital assets and asset tokenization, the carbon market and green finance, asset management and investment funds, the bond market and infrastructure capital mobilization, and commodity exchanges — gradually forming a modern financial ecosystem capable of deep connectivity with financial centers across the region and the world.

Building on shared development directions and complementary strengths, the two sides signed a Memorandum of Understanding establishing a long-term cooperation framework across several key areas. Under the agreement, VIFC-DN and GIFT City will strengthen the exchange of international experience and best practices in financial center development; carry out joint research and publication programs; cooperate on developing the financial services ecosystem; promote innovation and financial technology (fintech); coordinate on training and human resource capacity building; promote investment and business connectivity; establish a regular strategic dialogue mechanism; co-organize conferences, seminars, and communication activities; and share experience in developing integrated financial infrastructure and ecosystems. Both sides also agreed to continue expanding into new areas of cooperation as practical needs and shared interests evolve.



Notably, during the discussions, GIFT City's leadership shared extensive practical experience in building and operating an international financial center — from institutional refinement and infrastructure development to attracting global financial institutions and building an innovation ecosystem and a competitive business environment. For its part, the VIFC-DN delegation presented the strategic development direction of the Viet Nam International Financial Center in Da Nang City, underscoring its commitment to building a modern, transparent, and innovative financial center aligned with global financial trends and serving as a bridge connecting Viet Nam with the Asia-Pacific region.

The signing of the Memorandum of Understanding between VIFC-DN and GIFT City marks an important step in expanding the international cooperation network of the Viet Nam International Financial Center in Da Nang City. It offers not only an opportunity for VIFC-DN to draw on the experience and best practices of a successfully developing financial center, but also opens the door to future cooperation in investment, training, research, knowledge transfer, and financial ecosystem development.

The event further affirms VIFC-DN's policy of proactive international integration, while reflecting its determination to build Da Nang into a competitive international financial center, deeply connected with leading financial centers across the region and the world — contributing to strengthening Viet Nam's position on the global financial map.