SINGAPORE, 2 Feb 2026 - Embed Financial Group Holdings Pte. Ltd. (“EFGH”) has signed a Memorandum of Understanding dated 30 January 2026 with Ban Vien Corporation (“BV”), a company incorporated in Vietnam.
The MoU records the Parties’ mutual intent to collaborate on the design, development and potential deployment of advanced high-tech and fintech initiatives in Vietnam, including the proposed Vietnam Advanced High-Tech Hub.
Cooperation Objectives
The Parties intend to combine EFGH’s expertise in blockchain, digital assets and digital financial infrastructure with BV’s local execution capability and enterprise-scale delivery capacity.
BV operates a team of more than 700 engineers delivering solutions across finance, insurance, automotive, education and logistics sectors.
The shared objective is to explore scalable, secure and compliant technology platforms that may be implemented through future Statements of Work and definitive agreements.
Scope Framework
The cooperation framework is broad and non-exclusive. Areas of potential collaboration may include:
- Digital financial infrastructure and fintech platforms
- Digital asset and tokenised value solutions, where permitted and subject to required approvals
- Advanced high-tech software systems, including artificial intelligence, automation, connected systems, robotics and cybersecurity
- Platform engineering, integration and enterprise delivery
- Innovation initiatives, including pilots and proofs of concept
Each specific project or workstream, if pursued, will be documented under separate Statements of Work or definitive agreements. Neither Party is obligated to proceed with any project unless such documentation is executed.
Joint Venture Exploration
The Parties have recorded their intention to explore the potential establishment of a joint venture entity to operationalise aspects of the proposed Vietnam Advanced High-Tech Hub. Any such structure would be subject to further negotiation and formal agreement.
Legal Status
This MoU is a statement of mutual intent only and does not create legally binding commercial obligations, except in respect of confidentiality and intellectual property provisions.
Financial arrangements, including revenue sharing, licensing or other commercial terms, have not been agreed and would be addressed in separate definitive agreements, if applicable.
Each Party will bear its own costs unless otherwise agreed in writing.
The MoU is governed by the laws of Singapore.
Executive Comment
Dennis Ng, Executive Chairman of EFGH, said:
“This Memorandum of Understanding establishes a structured framework to explore advanced technology collaboration in Vietnam. Any implementation will proceed through clearly defined Statements of Work and formal agreements.”
No financial impact guidance is provided in connection with this MoU.
Share
