GIFT City, Gandhinagar: Gujarat International Finance Tec-City (GIFT City), India’s International Financial Services Centre (IFSC), has collaborated with Vietnam International Financial Centre – Da Nang (VIFC-DN), a newly established financial hub, to share institutional knowledge and best practices as Vietnam develops its international financial centre. The two institutions recently signed an MoU in this regard, a press release said.

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 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, Mr. 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 Centre – 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.”

In addition to the Vietnam collaboration, GIFT City recently signed two strategic MoUs aimed at strengthening its ecosystem across Global Capability Centres (GCCs), urban development, education and research.

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.

GIFT City currently hosts more than 1,500 entities. As of March 2026, banking assets at GIFT City IFSC stood at US$111 billion. Its fund management ecosystem comprised 217 Fund Management Entities managing 360 schemes, with cumulative capital commitments crossing US$39 billion. DeshGujarat