Binance CEO visits Vietnam: When the crypto "giant" sets foot in Vietnam

Important news has just "heated up" the Vietnamese crypto community! Richard Teng, current CEO of Binance, made a working visit to Vietnam in July 2025. This isn't just an ordinary visit but could be a turning point for Vietnam's crypto market in the future.Today I want to analyze the deep significance of this visit and investment opportunities it brings for Vietnam's crypto community.

Binance and Vietnam: A special relationship

From CZ to Richard Teng

Changpeng Zhao (CZ) era:

Multiple visits to Vietnam from 2020-2023
Partnership with Vietnam Blockchain Association
Strong community engagement and educational events
Resignation: End of 2023 due to legal issues in US

Richard Teng era:

Background: Former COO of Binance, Abu Dhabi experience
Leadership style: More regulatory-focused, compliance-first approach
Vision: Sustainable growth through proper regulation

Why this transition matters: Binance is shifting from "move fast, break things" to "build for the long term with regulatory compliance."

Why is Vietnam important?

Market size and potential:

Population: 98 million people, 70% under 35 - perfect demographics for crypto adoption
Digital payment penetration: 61% adults have mobile banking
Crypto awareness: Top 10 globally according to various surveys
Remittance market: $17 billion annually - huge use case for crypto

Regulatory environment:

Progressive approach: Government doesn't ban crypto but seeks proper regulation
Digital transformation focus: National digitalization strategy
Regional hub potential: Strategic location in ASEAN

"Hot" activities during the visit

Meeting with Ministry of Finance

Main agenda:

Legal framework development: Building legal framework for crypto trading
Tax structure: Clarifying taxation of crypto transactions
Consumer protection: Protecting Vietnamese users
AML/KYC compliance: Anti-money laundering measures

Why it's important: This is the first time a CEO of a major crypto exchange directly works with government officials at this level in Vietnam.

Commitments from Binance

Technical cooperation:

Pilot programs: Testing new features for Vietnam market
User protection: Enhanced security for Vietnamese users
Local compliance: Adapting platform for Vietnamese regulations

Educational initiatives:

Blockchain training: Workforce development programs
Technology transfer: Knowledge sharing with local partners
University partnerships: Academic collaboration potential

Market implications: Game changer for Vietnam crypto?

Immediate impacts

Regulatory clarity acceleration:

Government will have real input from industry leader
Faster timeline for crypto regulation completion
International best practices integration

Market confidence boost:

Institutional adoption signal
International recognition of Vietnam crypto market
Foreign investment attraction

Long-term opportunities

Vietnam as regional crypto hub:

Singapore alternative: Lower costs, similar regulatory clarity
ASEAN gateway: Access to 650M population market
Manufacturing + crypto: Blockchain in supply chain

Local ecosystem development:

Startup funding: Binance Labs potential investment
Talent development: High-skilled job creation
Innovation clusters: Ho Chi Minh City, Hanoi crypto hubs

Investment implications: What opportunities for investors?

Vietnamese crypto stocks

Immediate beneficiaries: