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GIFT City Signs MoU with Da Nang International Financial Center

9 July 20261 min read
BANKING & FINANCEGIFT City SignsMoU with Da NangInternationalFinancial Center9 July 2026safalsetu.com

Why in the news

GIFT City, India’s International Financial Services Centre (IFSC), signed a cooperation MoU with Vietnam’s international financial centre in Da Nang. IFSC tie-ups are a regular banking-awareness topic.

Key facts

  • Parties: Gujarat International Finance Tec-City (GIFT City) and the Vietnam International Financial Center in Da Nang (VIFC-DN).
  • Date: 7 July 2026; reported place: New Delhi.
  • Focus: financial services, fintech, digital innovation, capacity building and financial sector development.
  • Activities: joint research, professional exchanges, conferences, seminars and regular engagement.

About GIFT City

GIFT City in Gujarat is India’s International Financial Services Centre. The same period also saw GIFT City partnerships with Tata Communications for global capability centres and technology businesses, and with CEPT University for research and capacity building.

Exam angle

  • Know both parties: GIFT City (India) and VIFC-DN (Vietnam).
  • IFSC means International Financial Services Centre.
  • Fintech and capacity building are the stated cooperation areas.

Test yourself

1. GIFT City signed an MoU with the international financial centre of which Vietnamese city?

The partner is the Vietnam International Financial Center in Da Nang.

2. What kind of centre is GIFT City in Gujarat?

GIFT City is India's International Financial Services Centre.

3. Which area is NOT listed among the focus areas of the GIFT City-VIFC-DN MoU?

Crude oil trading is not mentioned; the others are listed.

Sources: AffairsCloud Current Affairs 9 July 2026, BankExamsToday one-liner 9th July 2026

This topic is part of Daily Current Affairs 9 July 2026 (15 topics).

All topics of the dayDay quizJuly 2026

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