Vietnam Blockchain Association: Binance CEO optimistic future cooperation creates legal frame work

KUALA LUMPUR, June 7 (Bernama) -- In a series of activities in Vietnam with the Vietnam Blockchain Association on June 4, Binance founder and CEO, Changpeng Zhao (CZ), came to greet the Vice Director of the National Assembly Committee on External Relations, Nguyen Manh Tien at The National Assembly Building of Vietnam.

At the meeting, Zhao said he was researching the potential Vietnamese market and hoped that Vietnam would create favourable conditions for Binance to expand its operation, according to a statement.

Binance has a robust blockchain ecosystem, operating in a variety of fields from training to charity and investment, shared the CEO.

With aligned perspectives on the future of blockchain in the process of global digital transformation and Vietnam's opportunities in the new technology wave, Binance wished to exchange research with Vietnam in blockchain technology application and human resource training in the country, as well as learn about policies and laws in Vietnam.

According to the founder of Binance, blockchain is crucial for the fintech and other tech industries. Therefore, the places where Binance Group invested in always pay special attention to universalising technology, recruiting local personnel, and building core personnel with technique, skills and legal knowledge.

The Vice Director of the Committee on External Relations, National Assembly, praised CEO Changpeng Zhao's visit to Vietnam. He stated that Vietnam welcomed global partners and enterprises to learn about the Vietnamese market, particularly in the digital economy.

Nguyen Manh Tien highlighted that to build the digital economy, Vietnam must undergo digital transformation and accomplish the work of national digital transformation as soon as possible. It is time for banks to modify their business models and embrace digital technology.

He also asked Vietnam Blockchain Association to cooperate effectively with Binance and investors to research and develop Blockchain applications in many fields, and at the same time, propose feasible policies to the National Assembly.

“Through the Vietnam Blockchain Association, we will soon coordinate human resources to learn about successful blockchain technology management models and extended applications in the world. I hope that Binance will be a strong connection between Vietnam and the world in the upcoming time,” he shared.

To respond, Binance CEO also committed to actively actualising the partnership agreement. He appreciated the vital role of the Vietnam Blockchain Association in promoting the digital economy and digital transformation.

-- BERNAMA