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Vietnam Urges Binance to Set Up Office in Da Nang Financial Hub

Binance CEO Richard Teng met with Vietnam’s Vice Prime Minister Vuong Dinh Hue to discuss blockchain and digital asset development as part of the country's International Financial Center project.

Summary

On September 25, 2025, Binance CEO Richard Teng met with Vietnam Vice Prime Minister Vuong Dinh Hue to discuss the advancement of blockchain and digital assets. Teng was invited to serve as a senior advisor to Vietnam’s International Financial Center project, with discussions focusing on enhancing the country’s digital economy and crypto market.

Terms & Concepts
  • Blockchain: A decentralized digital ledger technology that records transactions across multiple computers, ensuring transparency and security.
  • Digital Asset: A form of asset that exists in digital form, often involving cryptocurrencies or tokenized representations of real-world assets.
  • International Financial Center: A financial district or hub with a global reach, offering services to international businesses and contributing to a nation’s economic development.