Strengthening Vietnam’s Presence at Davos
At the sidelines of the World Economic Forum Davos 2026, the Global On-chain Economy Alliance (GOE Alliance) participated in a high-level networking and investment promotion program led by the Ho Chi Minh City People’s Committee, in collaboration with HCMC C4IR and VIFC-HCMC.
The event forms part of Vietnam’s broader effort to introduce the vision of the Vietnam International Financial Center (VIFC-HCMC) to global stakeholders, while expanding international cooperation across finance, technology, and innovation ecosystems.
This engagement marks a notable step in Vietnam’s integration into global financial and technological flows, with GOE Alliance positioned as a neutral platform connecting domestic initiatives with international partners shaping the future of the on-chain economy.
Strategic MoUs with Global Technology Partners
A key highlight of the program was the signing of strategic Memoranda of Understanding (MoUs), witnessed by government representatives, international organizations, and global business leaders.
GOE Alliance, represented by Sky Mavis CEO Nguyen Thanh Trung, signed agreements with Crystal Intelligence, a leading blockchain analytics firm in Europe, and Sumsub, a global identity verification platform. These partnerships aim to develop practical, infrastructure-level applications within the on-chain economy.
Building Cross-Border Payment Infrastructure
The collaboration with Crystal Intelligence focuses on developing cross-border payment infrastructure, a foundational layer for global trade and financial transactions in the digital economy.
The initiative aims to establish shared “payment rails” that enable seamless capital movement across countries, connecting financial institutions, payment providers, and businesses within a unified settlement framework. This model is expected to reduce transaction time, lower intermediary costs, and improve transparency in international payments.
Such infrastructure reflects a broader shift toward next-generation financial systems that can complement and gradually integrate with traditional finance.
Enabling Crypto Payments for Tourism and Services
A second key application involves the deployment of crypto and stablecoin payment solutions in the tourism sector through the partnership with Sumsub.
These solutions are designed to facilitate payments for international visitors across services such as accommodation, transportation, dining, and retail. By reducing currency conversion barriers and foreign exchange costs, crypto payments can offer a more seamless and efficient transaction experience.
This use case is considered highly practical and scalable, with the potential to directly impact international consumption flows into Vietnam.
Supporting the VIFC-HCMC Vision
The Davos engagements are part of a broader program to promote the development of VIFC-HCMC as an international financial hub. Through structured networking sessions and investment dialogues, the initiative aims to attract global capital, technology, and expertise.
City leadership emphasized the importance of international collaboration in enhancing capabilities in finance, technology, and innovation, while reaffirming its commitment to building a globally aligned development environment.
Outlook
The expansion of partnerships at Davos highlights a growing alignment between Vietnam’s financial center strategy and global trends in digital finance.
By integrating on-chain infrastructure, cross-border payment systems, and real-world applications, VIFC-HCMC is positioning itself at the intersection of traditional finance and emerging digital economies.
If successfully executed, these initiatives could accelerate Vietnam’s transition into a globally connected, innovation-driven financial ecosystem.
