- India’s International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) has signed a strategic Memorandum of Understanding (MoU) with the Vietnam International Financial Center–Da Nang (VIFC-DN) to strengthen cooperation in financial services, fintech, investment and institutional development.
- The partnership marks an important milestone in expanding India-Vietnam financial cooperation and is expected to promote cross-border investment while supporting Vietnam’s efforts to develop a world-class international financial centre.
GIFT City Partners with Vietnam’s Financial Hub
- The MoU establishes a framework for long-term collaboration between GIFT City and the newly established Vietnam International Financial Center–Da Nang.
- Under the agreement, GIFT City will share its institutional experience and best practices in developing India’s first International Financial Services Centre.
- The collaboration is expected to help Vietnam build a globally competitive financial ecosystem while creating new opportunities for businesses and investors from both countries.
Key Areas of Cooperation
The partnership will focus on several strategic sectors, including:
- Financial services
- Fintech and digital innovation
- Capacity building
- Financial sector development
- Cross-border investment
- Institutional knowledge sharing
- Business collaboration
These initiatives aim to strengthen economic ties and create new investment opportunities between India and Vietnam.
Knowledge Sharing and Capacity Building
Having developed India’s only International Financial Services Centre from the ground up, GIFT City will provide valuable institutional insights to Vietnam as the Da Nang Financial Centre evolves.
The two institutions will work together to:
- Exchange institutional knowledge.
- Share regulatory and operational best practices.
- Build professional capabilities.
- Strengthen financial sector expertise.
The collaboration reflects India’s growing leadership in international financial services.
Joint Research and Professional Exchanges
The agreement also includes collaboration on:
- Joint research projects.
- Publications.
- Professional exchange programmes.
- Conferences and seminars.
- Outreach initiatives.
- Regular institutional engagement.
These activities will promote innovation and strengthen cooperation between financial institutions in both countries.
Recent Strategic Partnerships
The Vietnam agreement follows two major strategic MoUs recently signed by GIFT City.
Tata Communications
GIFT City partnered with Tata Communications to:
- Promote Global Capability Centres (GCCs).
- Attract treasury centres.
- Support technology enterprises.
- Expand stakeholder engagement.
- Strengthen business development initiatives.
CEPT University
Another collaboration with CEPT University focuses on:
- Urban planning.
- Sustainability.
- Research.
- Executive education.
- Knowledge exchange.
- Capacity building.
These partnerships further strengthen GIFT City’s innovation ecosystem.
GIFT City’s Growing Global Presence
GIFT City has emerged as India’s premier international financial services hub.
As of March 2026, GIFT City hosts:
- More than 1,500 registered entities.
- Banking assets worth approximately US$111 billion.
The IFSC continues to attract global banks, fintech companies, insurance firms, capital market participants and multinational corporations.
Conclusion
The MoU between GIFT City and Vietnam’s Da Nang Financial Centre represents another significant step in India’s growing global financial engagement. By combining institutional expertise, fintech innovation and investment cooperation, the partnership is expected to strengthen financial connectivity between the two countries while supporting the development of globally competitive financial ecosystems.