Binance has just announced the 'Blockchain for Vietnam' initiative with a budget of over 1 million USD, running from July 2025 to July 2027. The goal is to turn blockchain into a driver of innovation, focusing on education, promoting practical applications, and training the young generation of Vietnam in this technology.
Investment strategy and potential of Vietnam
Binance considers Vietnam as a leading vibrant blockchain hub in Asia due to its high digital asset adoption rate, abundant technology engineers, and collaborative approach from regulatory agencies. The initiative will focus on three pillars:
Empowering education: Implementing train-the-trainers programs on foundational knowledge and teaching tools for blockchain in universities.
Promoting industry innovation: Funding pilot projects applying blockchain in strategic fields such as agriculture and tourism to enhance transparency and optimize operations.
Supporting the Web3 generation: Providing scholarships and financial support for students from undergraduate to doctoral levels to nurture future blockchain leaders.
Previously, there have been many community support activities in Vietnam such as Yagi typhoon relief, donating medical equipment, and installing water filtration systems. Binance Academy has also conducted lectures at over 60 universities and colleges.
Binance CEO, Richard Teng, emphasized that the golden population, abundant technical workforce, and trust in blockchain are the foundations for the future of digital assets in Vietnam. He believes that young Vietnamese will choose cryptocurrencies as their main investment channel thanks to the 'early advantage' over traditional markets. He also affirmed that digital assets help trace money flows more transparently, support anti-money laundering efforts, and pledged that Binance will accompany Vietnam in building a globally competitive digital economy.
