Cryptocurrency market today, November 25: Ho Chi Minh City "joins hands" with the world's largest cryptocurrency exchange

(NLDO)- The cooperation between the city and Binance aims to promote the development of the Vietnam International Financial Center in Ho Chi Minh City.

On November 25, within the framework of the Autumn Economic Forum 2025, the Ho Chi Minh City Department of Finance and Binance Group signed a Memorandum of Understanding (MOU) to promote the development of the Vietnam International Financial Center in Ho Chi Minh City.

The signing ceremony took place under the witness of Prime Minister Pham Minh Chinh , leaders of Ho Chi Minh City People's Committee, representatives of ministries, branches and the business community.

The cooperation is considered an important step, opening a period of deep cooperation between Ho Chi Minh City and Binance.

The agreement is expected to contribute to improving management capacity, expanding connections between Vietnam's capital market and the international market, and attracting high-quality capital flows into the fields of finance, technology, and innovation.

Binance is one of the largest cryptocurrency exchanges in the world in terms of both number of users and trading volume.

Aiming to turn Ho Chi Minh City into a leading financial and digital asset center in the region, the Vietnam International Finance Center in Ho Chi Minh City also introduced the Global On-chain Economic Alliance, to test new generation digital financial models, promote innovation and attract international capital flows.

Global On-chain Economic Alliance Launched at the Autumn Economic Forum 2025

On-chain means that transactions are recorded and verified directly on the blockchain, ensuring transparency, security and immutability. This is the foundation for many digital financial applications, from money transfer, smart contract operation to data storage.

Speaking at the event, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc said that Ho Chi Minh City is urgently completing the best conditions to be ready to operate the International Financial Center in accordance with the direction of Resolution 222/2025/QH15 on the International Financial Center in Vietnam, striving to put the Center into operation in December this year; committed to creating a favorable, transparent and attractive environment to attract investors.

"The city also commits to continue promoting administrative reform, cutting unnecessary procedures, and improving the quality of government services for investors and businesses.

"Commit to continuing to strengthen the connection between the private sector, state-owned enterprises and FDI enterprises through calling for and attracting investment" - Chairman of the City People's Committee Nguyen Van Duoc emphasized.

In the cryptocurrency market, on the evening of November 25, according to data from Binance, Bitcoin increased by more than 1%, trading at 86,313 USD.

Other cryptocurrencies also rose, with Ethereum rising more than 2% to $2,885; XRP rising over 5% to $2.18; Solana rising nearly 3% to $134 and BNB rising slightly by 0.2% to $841.

Source: https://nld.com.vn/thi-truong-tien-so-hom-nay-25-11-tp-hcm-bat-tay-san-tien-so-lon-nhat-the-gioi-196251125221918464.htm