What is Binance's role in Vietnam's digital asset market?

Binance, the world's largest cryptocurrency exchange, has been invited to establish a regional office in Da Nang, Vietnam and to serve as a senior advisor for the country's planned international financial center, where the company will work to build a digital asset trading platform.

How is Da Nang piloting digital asset technologies?

The city of Da Nang has approved a pilot program for the controlled testing of digital asset technologies, including the Basal Pay software developed by a newly established firm in the city. This pilot is expected to expand to other major Vietnamese cities.

What expertise will Binance CEO Richard Teng provide to Vietnam?

Binance CEO Richard Teng has been invited to serve as a senior advisor to the establishment and growth of Vietnam's new international financial center. Teng will share Binance's expertise and support Vietnam in promoting the development of its digital asset market, drawing on the company's experience from the Abu Dhabi financial center model.

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Binance to Establish Regional Office in Vietnam, Advise on Digital Asset Center

26 Sep

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Summary

Binance CEO invited to serve as senior advisor for Vietnam's planned financial center
Binance to share expertise and support Vietnam's digital asset market development
Da Nang approves pilot program for controlled testing of digital asset technologies

Binance to Establish Regional Office in Vietnam, Advise on Digital Asset Center

In September 2025, Binance, the world's largest cryptocurrency exchange, has announced plans to establish a regional office in Da Nang, Vietnam. This development comes as Vietnamese Deputy Prime Minister Nguyen Hoa Binh met with Binance CEO Richard Teng during his visit to the UAE.

During the meeting, Deputy Prime Minister Binh expressed interest in Binance's involvement in building a digital asset trading platform within Vietnam's planned international financial center. Teng affirmed Binance's readiness to share its expertise and support Vietnam in promoting the growth of its digital asset market, drawing on the company's experience from the Abu Dhabi financial center model.

Furthermore, Teng has been invited to serve as a senior advisor to the establishment and growth of Vietnam's new financial center. This collaboration aims to leverage Binance's industry knowledge and global reach to help develop Vietnam's digital asset ecosystem.

Separately, the city of Da Nang has already approved a pilot program for the controlled testing of digital asset technologies. The project includes Basal Pay software, developed by a newly established firm in the city. This pilot program is expected to be first implemented in Da Nang, with plans for expansion to Hanoi, Ho Chi Minh City, and other major areas with strong demand for digital asset exchange.

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