GIFT City partners with Vietnamese financial institutional firm to exchange knowledge and signs multiple MoUs
New Delhi, July 7
Gujarat International Finance Tec-City on Tuesday said that it has entered into a partnership with Vietnam International Financial Center-Da Nang, a newly established financial hub, to share institutional knowledge and best practices as Vietnam develops its international financial center.
GIFT City said in a press release that it has signed a Memorandum of Understanding with VIFC-DN regarding the same. Alongside, the Indian International Financial Services Centre has alos signed MoUs with Tata Communications and CEPT University to support GCC growth, and drive research, innovation, and executive education.
Having built India's only IFSC from the ground up, GIFT City will share lessons and institutional experience from its development journey as VIFC-DN takes shape. "The partnership will cover financial services, fintech and digital innovation, capacity building and financial sector development, while exploring opportunities for cross-border investment and stronger business linkages between India and Vietnam," the company said in its press release.
The two institutions will also collaborate on joint research and publications, professional exchanges, conferences, seminars and outreach initiatives, and maintain institutional engagement on areas of mutual interest.
Commenting on the development, Sanjay Kaul, Managing Director and Group CEO, GIFT City, said, "International collaboration is essential to building globally competitive financial centres. Through our partnership with Vietnam International Financial Center - Da Nang, we will share the knowledge and institutional experience gained from GIFT City's development while exploring new opportunities in financial services, fintech and investment. We believe this collaboration can contribute to stronger financial and business linkages between India and Vietnam."
GIFT City signed an MoU with Tata Communications to jointly position GIFT City as a preferred destination for GCCs, treasury centres, technology enterprises and other service-oriented businesses. The partnership will also cover stakeholder engagement, market intelligence sharing and business development initiatives.
GIFT City also signed an MoU with CEPT University to collaborate on research, knowledge exchange, executive education, sustainability studies, urban planning and capacity building, drawing on the university's expertise in architecture, planning, design and urban management.
— ANI
Reader Comments
Good to see GIFT City positioning itself as a global hub. The MoU with Tata Communications for GCCs is particularly smart—this could bring more tech jobs to Gujarat. Just hope the benefits trickle down to local communities and aren't just for big corporates.
As someone who works in fintech, this is exciting! Knowledge exchange with Vietnam could bring fresh perspectives. But I hope GIFT City also focuses on simplifying regulations for smaller Indian startups to set up there, not just multinationals.
Impressive international collaboration! India's experience in building an IFSC from scratch is truly valuable. The partnership with CEPT University for urban planning research adds an academic depth that many financial hubs overlook.
All these MoUs sound good on paper, but implementation is key. GIFT City has been in the news for similar partnerships before—let's see tangible results like actual investment flows and job creation. Pakistan and China are also eyeing similar hubs, so India needs to stay ahead.
Love the focus on capacity building and executive education through CEPT University. This could train a new generation of financial professionals in India. Vietnam is a rising economy too—great to see South-South cooperation instead of always looking West.
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