In a strategic move signaling its ambition to become a digital finance hub, Vietnam has officially invited Binance to establish its headquarters in Da Nang, one of the country’s fastest-growing economic regions.
In addition, Binance CEO Richard Teng has been proposed as a senior advisor to the International Finance Center, reinforcing Vietnam’s commitment to integrating global digital asset expertise.
🎯 Key Highlights:-
• Official Invitation:
Deputy Prime Minister Nguyen Hoa Binh personally extended the invitation to Binance to set up its headquarters in Da Nang.
• Advisor Role:
Richard Teng is nominated to advise on the construction and operation of Vietnam’s International Finance Center, drawing from Binance’s experience in Abu Dhabi’s financial hub.
• Bybit Participation:
Bybit CEO Ben Zhou emphasized Vietnam as a key market with over 2.5 million active users, pledging collaboration in regulatory frameworks, management sharing, and high-quality human resource training.
⚔️ Strategic Significance:-
• Global Digital Finance Ambitions:
Vietnam positions itself as a Southeast Asian gateway for blockchain and digital assets.
• Central Economic Hub:
Da Nang, in the central region, is emerging as a pole of economic growth and technological development.
• Blockchain & Digital Assets Integration:
The meeting included signing a memorandum of cooperation between Binance and Da Nang City People’s Committee to develop blockchain technology and digital asset applications.
• Experience Transfer:
Binance brings insights from Abu Dhabi International Financial Center, helping Vietnam avoid initial challenges and maximize opportunities.
🪧 Bigger Picture:-
Vietnam’s proactive invitation of major exchanges like Binance and Bybit underscores its vision to:
✔️Build a comprehensive tech-financial ecosystem.
✔️Attract global expertise and investments.
✔️Strengthen regulatory frameworks for digital assets and blockchain applications.
This move positions Vietnam as a strategic player in global digital finance, opening opportunities for investors, developers, and innovators in the Southeast Asian region.
🔮 Final Word:-
The collaboration with Binance and Bybit highlights Vietnam’s determination to embrace blockchain innovation. For the country, this is not just about technology adoption—it’s about becoming a regional digital finance leader.
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