Vietnam is fast-tracking a regulated crypto ecosystem by building an “International Financial Center” in Da Nang, inviting global firms like Binance and Bybit to lead the way [1][2].
At a Sept 2025 UAE meeting, Vietnam’s Deputy PM Nguyen Hoa Binh met Binance CEO Richard Teng and Bybit CEO Ben Zhou. He asked Binance to open a headquarters in Da Nang and collaborate on a regulated crypto exchange, and praised Bybit’s success (2.5M Vietnamese users) [3][4].
Bybit (the world’s #2 exchange) and Binance have each signed MOUs and pledged to share expertise: Bybit will help train talent and advise on laws [5][6], while Binance agreed to advise Vietnam’s international finance center and signed a blockchain tech MOU with Da Nang [7]
