GIFT City Partners Vietnam IFSC to Boost Fintech, Investment

GANDHINAGAR : In a significant step towards strengthening India’s position as a global financial hub, Gujarat International Finance Tec-City (GIFT City) has entered into a strategic partnership with the Vietnam International Financial Center–Da Nang (VIFC-DN). The agreement, signed during the Vibrant Gujarat Regional Summit in Vadodara, aims to deepen cooperation in financial services, fintech, innovation and cross-border investment between the two emerging financial centres.

The Memorandum of Understanding (MoU) establishes a framework for collaboration in areas including financial sector development, digital innovation, joint research, institutional engagement, knowledge sharing and capacity building. The partnership is also expected to create stronger business linkages and unlock fresh investment opportunities between India and Vietnam.

“This collaboration reflects GIFT City’s commitment to building global partnerships that accelerate innovation, strengthen financial ecosystems and promote cross-border investment,” officials associated with the initiative said.

Under the agreement, both institutions will exchange best practices in developing international financial centres while organising joint conferences, seminars, research programmes and professional exchange initiatives to enhance policy and industry collaboration.

Beyond the Vietnam partnership, GIFT City signed four additional strategic MoUs aimed at expanding its ecosystem across technology, education, talent development and Global Capability Centres (GCCs).

An agreement with Tata Communications will focus on positioning GIFT City as a preferred destination for GCCs, treasury centres and technology-driven enterprises through business development, market intelligence and stakeholder engagement.

GIFT City also partnered with CEPT University to collaborate on research, executive education, sustainability, urban planning and knowledge exchange. Separate agreements with Collabera Talent Solutions and Finansham Education will support workforce development, financial education, artificial intelligence, quantitative finance, innovation and professional capability building.

“GIFT City is evolving into a world-class international financial ecosystem by combining global partnerships with investments in talent, technology and research,” the officials added.

The latest collaborations come as GIFT City continues its rapid expansion. It now hosts more than 1,500 entities. As of March 2026, banking assets at the International Financial Services Centre stood at USD 111 billion, while 217 fund management entities managed 360 investment schemes with cumulative capital commitments exceeding USD 39 billion.