India’s International Financial Services Centre (IFSC) Gujarat International Finance Tec-City (GIFT City) has partnered with Vietnam International Financial Center – Da Nang (VIFC-DN) to exchange knowledge and best practices. The collaboration, formalized through an MoU, aims to assist Vietnam in establishing its international financial center and promoting cross-border investments.
GIFT City, being India’s sole IFSC, will share its developmental insights with VIFC-DN as it progresses. The partnership focuses on areas such as financial services, fintech, digital innovation, capacity building, and financial sector growth. It also seeks to enhance cross-border investments and business ties between India and Vietnam.
The collaboration will extend to joint research, professional exchanges, conferences, seminars, and other outreach activities. Sanjay Kaul, Managing Director and Group CEO of GIFT City, highlighted the potential for exploring new opportunities in financial services, fintech, and investments through this partnership. He emphasized the importance of international cooperation in building competitive financial centers and fostering stronger financial and business connections between the two countries.
GIFT City has recently inked strategic MoUs to bolster its ecosystem in various sectors, including Global Capability Centres (GCCs), urban development, education, and research. The collaboration with Tata Communications aims to position GIFT City as a preferred hub for GCCs, treasury centers, technology firms, and service-oriented enterprises. Additionally, the partnership with CEPT University will facilitate research, knowledge exchange, executive education, sustainability studies, and urban planning, leveraging the university’s expertise in architecture, planning, design, and urban management.
Currently hosting over 1,500 entities, GIFT City boasts banking assets totaling $111 billion as of March 2026.
