return icon

Billionaire Changpeng Zhao of Binance commits to comply with Vietnamese laws

Changpeng Zhao, the 19th richest billionaire in the world, arrived in Hanoi on June 3. The billionaire, 45, is a Chinese-born Canadian. His total assets are $17.4 billion, mostly in cryptocurrencies.
Changpeng Zhao, the 19th richest billionaire in the world

He said that Blockchain is a new technology for digital economy, and that countries’ use of the technology will have a big impact on the future of local economies and the world in general.

He said he believes that clear regulations are necessary for Blockchain to be applied in every corner of life, not just cryptocurrencies, DeFi and NFT. 

The fact that Binance has been licensed to operate in France, Italia, Abu Dhabi (UAE), Bahrain and Dubai is evidence that the company always comply with local laws.

The billionaire said the cryptocurrency trading floor will always observe Vietnamese laws.

He affirmed that users in Vietnam in particular and all over the world believe that Binance’s platform is one of the safest and most reliable in the world.

In order to realize this commitment, Binance and the Vietnam Blockchain Association have announced cooperation in research exchange, application of Blockchain technology, and human resource training in Vietnam.

Phan Duc Trung, Deputy Chair of the Vietnam Blockchain Association, said the commitment by Binance to observe Vietnamese laws creates an important premise for the promotion of Blockchain technology, which contributes to the digital transformation process.

Trung said the association not only helps connect the domestic blockchain community, but also acts as the bridge to bring Vietnamese products to the world as well as attract international resources to Vietnam.

To be sure that Blockchain technology can develop sustainably, the association will work with Binance on research and development of Blockchain in many fields, from decentralized finance to emerging trends and new technologies such as NFT, Web 3 and Metaverse. Through networking programs, the association will also promote personnel training and attract international investment to Vietnam.

According to the association, the billionaire came to Vietnam to meet leaders of ministries, branches and the Vietnamese technology community. He attended the Vietnam NFT Summit held on June 4 in Hanoi.

Trong Dat


Party chief directs key tasks for new year

Party Secretary Nguyen Phu Trong on Tuesday chaired a meeting of the Secretariat of the Communist Party of Vietnam (CPV) Central Committee, mapping out key tasks for the new year.


Domestic market to drive tourism recovery in 2023: insider

Some big companies made profits in 2022, but others incurred losses

While Duc Giang Chemicals and Binh Son Refining and Petrochemical have reported big profits for Q4 and the year 2022, Vietnam Airlines and leading steel manufacturer Hoa Phat saw big losses for the year.

Vietnamese couple help German bicyclist in distress

Trung and Nhung, a Vietnamese couple, on the way to travel across Vietnam on Tet holiday, saw a foreigner who was facing troubles because of strong winds in Ninh Thuan.

Vietnam develops green agriculture to increase exports to EU

Vietnam is paying attention to mobilising resources to invest in developing green agriculture with an aim to raising the market share of its agricultural exports to the European Union.

Vietnamese team comes first at Southeast Asian Fencing Championship

Vietnam secured the first position at the 2023 Southeast Asian Fencing Championship which has taken place recently in Malaysia.

2023 - Time for Edtech to thrive in Vietnam

Experts are positive about the development of Vietnam’s education technology (Edtech) market in 2023 if local Edtech companies can overcome post-pandemic challenges.

UK imports from Vietnam in 2022 put at over US$6 billion

United Kingdom (UK) imports from Vietnam amounted to US$6.06 billion last year, rising by 5.2% over 2021, according to the General Department of Vietnam Customs.

Five more registration officials in Hanoi prosecuted for soliciting bribes

Police of Hanoi’s Thuong Tin District has started legal proceedings against five officials at 2915D Registration Centre for taking bribes.

Thai Thi Lien, Vietnam's matriarch pianist and pedagogue, passes away

Thai Thi Lien, one of the founders of Vietnam's National Academy of Music, passed away on Tuesday peacefully at her home at the age of 106, her son Tran Thanh Binh said.

VN striker Tien Linh vies for Asia’s Best Footballer Award 2022

Vietnamese striker Nguyen Tien Linh has been listed among the 25 nominees for the Best Footballer in Asia 2022 award organized by Titan Sports of China.

Visa policy change needed to further attract foreign visitors: tourism authority

A key for Vietnam to attract more foreign tourists at this time is to change its visa policy, said Chris Farewell, a member of the Tourism Advisory Board (TAB).

Da Nang promotes food into unique tourism product

Not only famous for its beautiful natural landscapes, bridges and diverse cultural heritage as well as hospitality of the locals, the central coastal city of Da Nang boasts rich food known to world tourists for its unique taste.

Vietnamese films earn big profits during Tet

Nha Ba Nu (The House of No Man) has been the highest-grossing Vietnamese film during the Tet (Lunar New Year) holiday.

PM to hold dialogue with young people in March

Prime Minister Pham Minh Chinh will hold a dialogue with young people in Hanoi on March 26, the Government Office has announced.