Skip to content
Kazakhstan–Viet NamFinancial Corridor

Kazakhstan × Viet Nam / Financial Corridor

From a trade corridorto a financial corridor.

Kazakhstan and Viet Nam can connect verified physical trade with the infrastructure for tokenized markets, settlement and new trade finance.

Explore the corridor
01
Executive meeting
02
Ho Chi Minh City
03
31 October 2026
70°E80°E90°E100°E110°E50°N40°N30°N20°N10°NFIG. 01 — KZ ⇄ VNEQUIRECTANGULAR · 5° GRID≈ 5,500 km great-circleKZ → VNMeat · agricultural productsVN → KZSeafoodALMATYASTANA · 51.17°N 71.43°EKazakhstanViet NamHO CHI MINH CITY10.82°N 106.63°EASSET → FINANCE05 FINANCE04 TRADE03 TOKENIZE02 VERIFY01 CARGO
Kazakhstan market infrastructure representatives with VIFC-HCMCKZ ⇄ VN
01Thesis

Build the market around the asset.

Tokens do not create a market on their own. Grain, meat and seafood come first — with cargo documentation, traceability, clearly defined legal rights and verified custody. Only when the physical asset and its rights are established does token issuance become meaningful, and only then can trading, settlement and finance follow with confidence.

The corridor therefore begins with real trade between Kazakhstan and Viet Nam, and builds the market infrastructure around it, step by step.

What precedes a token

  1. 01Physical goods
  2. 02Cargo documents
  3. 03Traceability
  4. 04Legal rights
  5. 05Verified custody
  6. 06Token issuance

Three connected pillars

  1. A

    Regulatory cooperation

    Adapting AIFC experience to the Vietnamese framework

    Kazakhstan shares practical experience in building a financial centre, regulating digital assets and supervising new market venues. This is knowledge transfer: every permission is defined and granted by Vietnamese authorities within their own framework.

  2. B

    A Vietnamese tokenized commodity venue

    Commodity Chain-enabled trading, locally licensed and cleared

    A Vietnamese exchange, authorized under Vietnamese law, uses Commodity Chain infrastructure to list tokenized rights in verified commodities, with local clearing and settlement.

  3. C

    Trade finance

    Working capital, payment rails and a future neobank

    Verified, tradable commodity rights can support working capital for exporters and importers and more efficient cross-border payments. A potential digital bank is evaluated as an independent feasibility stream.

02The corridor

A real trade corridor, carried by documented shipments.

Each token right is linked to a specific, documented shipment — its origin, its inspection, its custody and its delivery. The corridor runs in both directions.

Choose a direction

VietJet's aviation network offers a practical logistics integration route for initial perishable commodity flows.

0102030405KazakhstanViet Nam
Origin
Kazakhstan
Astana · Almaty
Destination
Viet Nam
Ho Chi Minh City
Goods
Meat and agricultural products
Logistics
Air and multimodal, cold chain

Kazakhstan's livestock and agricultural producers can serve Viet Nam's growing demand for quality protein and food products through a documented, traceable route.

Five stages, one shipment

Select a stage to see how it works.

01 — Cargo

A defined shipment is contracted between an exporter and an importer, with quantity, grade, packaging and delivery terms set out in standard trade documents.

On this route · Kazakhstan → Viet Nam

A chilled beef lot or a grain consignment contracted for delivery to Viet Nam.

03Market design

Four modules, one controlled system.

The market is designed as a chain of accountable modules. Each has a clear owner, clear controls and a clear handover to the next — framed by a common rail for governance, security and audit.

Select a module

Governance · Rulebook · Supervisory reporting
Security · Controls · Audit trail
04Partnership

Four institutions, one shared ambition.

Each partner brings a distinct capability. Together they cover the regulatory, market, technology and local implementation dimensions of the corridor.

  1. I

    VIFC-HCMC

    Vietnam International Financial Centre in Ho Chi Minh City

    Institutional & regulatory coordination

    Institutional coordination and engagement with Vietnamese authorities on the pathway for new market activity in Viet Nam.

  2. II

    AIFC

    Astana International Financial Centre

    Financial-centre experience

    Experience in building a financial centre, its regulatory framework and its market infrastructure, shared as practical knowledge.

  3. III

    Commodity Chain

    Tokenization and exchange-enabling infrastructure

    Tokenization & market technology

    Infrastructure for tokenizing defined commodity rights and enabling exchange trading, reconciliation and lifecycle management.

  4. IV

    SOVICO

    Local implementation and ecosystem integration

    Vietnam Technology Partner

    Local technology leadership, ecosystem integration and implementation capacity in Viet Nam.

05Regulatory pathway

A clear regulatory pathway.

Licensing and approvals rest with the competent Vietnamese authorities, and each step of the corridor proceeds with their approval. AIFC contributes experience from Kazakhstan's framework to help frame the right questions and practical answers.

Licensing and approvals
Competent Vietnamese authorities
Experience and know-how
AIFC, Kazakhstan
  1. 01

    Exchange authorization

    Question to answer

    Under which framework can a Vietnamese venue list and trade tokenized commodity rights?

    Indicative output

    Authorization route and venue requirements

  2. 02

    Legal treatment of tokenized commodity rights

    Question to answer

    How is the right represented by a token defined, transferred and enforced?

    Indicative output

    Legal characterization and rights model

  3. 03

    Clearing & settlement

    Question to answer

    How are trades cleared and settled, in which currency and through which institutions?

    Indicative output

    Clearing and settlement design

  4. 04

    Cross-border compliance

    Question to answer

    Which customs, foreign-exchange, AML and sanitary requirements apply in each direction?

    Indicative output

    Compliance map for the corridor

  5. 05

    Digital banking / neobank feasibility

    Question to answer

    Is there a viable, licensable model for a digital bank serving corridor participants?

    Indicative output

    Independent feasibility assessment

0690-day workplan

The first ninety days.

A focused sequence that moves from agreement to evidence to decision.

  1. Days 1–30

    Agree the perimeter

    Form the joint working group, agree the scope of the pilot and select the first shipment.

  2. Days 31–60

    Validate the design

    Validate the rights definition, verification, custody arrangements and system design with all relevant parties.

  3. Days 61–90

    Demonstrate and decide

    Demonstrate a controlled pilot where permitted, review the results and decide on scale.

Parallel track: digital banking and payments feasibility.

07Meeting outcomes

Agree the pathway.Select the cargo.Build the pilot.

Objectives for 31 October

  1. 01Form a joint regulatory and technical working group
  2. 02Select the first shipment and verification model
  3. 03Scope the locally authorized exchange and neobank pathways
Kazakhstan brings experience. Viet Nam brings scale. Together, we can build lasting market infrastructure.
Back to top