J-Star welcomes Nasdaq-Ho Chi Minh City Vietnam IFC development MoU.

J-Star Holding Co. welcomes the Memorandum of Understanding between Nasdaq and Ho Chi Minh City to develop a Vietnam International Financial Center, according to a J-Star press release. This strategic collaboration aligns with J-Star's long-term growth plans in the region. J-Star's CEO, Sam Van, attended the signing ceremony and praised the vision and cooperation demonstrated by Nasdaq and Ho Chi Minh City.

J-Star Holding Co., Ltd. (Nasdaq: YMAT) has welcomed the Memorandum of Understanding (MoU) signed between Nasdaq and Ho Chi Minh City on October 20, 2025. This agreement aims to develop a Vietnam International Financial Center (IFC) in Ho Chi Minh City, aligning with J-Star's long-term growth plans in the region. J-Star's CEO, Sam Van, attended the signing ceremony and praised the vision and cooperation demonstrated by Nasdaq and Ho Chi Minh City.

The MoU commits Nasdaq to provide fintech expertise, investor networks, and capacity building while Ho Chi Minh City prepares legal and land frameworks for the IFC. J-Star expects this collaboration to accelerate capital flows, technology transfer, and investment, supporting its research and development (R&D), production, and partnerships in advanced carbon fiber composites.

Vietnam's infrastructure modernization and rising demand for lightweight composite sports equipment, particularly pickleball, further enhance the market's appeal for J-Star. The sport's popularity in Vietnam is rapidly growing, with tens of thousands of participants and the recent hosting of major tournaments. J-Star's Horizon paddle brand, launched through its YMA subsidiary, caters to this demand.

The MoU's successful implementation will depend on effective training, technology transfer, and capital flow facilitation, as well as Ho Chi Minh City's progress on legal and urban planning, including the designation of land in Thu Thiem. J-Star will be closely monitoring milestone signals such as formal IFC regulatory steps, fintech training programs, and local production or distribution partnerships over the next 12-36 months.