Binance Blockchain Week will be held in Vietnam
The acclaimed event will be held in Ho Chi Minh City from February 29 to March 4, 2020. It is expected to bring together more than 2,500 key characters in the Blockchain industry. In addition, Binance plans to have diversity in his guests. Therefore, he expects the presence of regulators, investors, researchers, entrepreneurs, corporate executives, technologists and crypto enthusiasts.
This "Blockchain Week", organized by one of the leading companies in the encryption industry, is one of the most anticipated by the crypto community. And Binance has been characterized by providing great and fruitful events for blockchain technology and digital currency enthusiasts.
Vietnam: Binance's new bet
Although for many it is a surprise that Vietnam has been chosen as the venue of the event, the truth is that the company had been studying it for some time.
It is important to remember that last year Binance held 6 meetings in the country. During them they were able to discover that there is great enthusiasm regarding the crypto industry and development of Fintech within the territory. In addition, Vietnam has one of the most active crypto communities in the world.
And that's not all. Currently, the country is among one of the most dynamic emerging markets in Asia. In fact, in 2019 it achieved a GDP growth of 7%, the highest among the countries of Southeast Asia. In addition, it has shown that it can have remarkable economic growth even in recent years of global slowdown.
As for the innovation sector, Vietnam has shown Binance and the world that he doesn't want to be left behind. The Fintech industry of the territory has experienced promising development in recent years. According to Vietnam Briefing, the country accounted for 36% of total investment in Southeast Asia during 2019.
In addition, in one of the main standards to overcome the physical banking infrastructure. With high mobile penetration rates and a large unbanked population, Vietnam seeks to directly enter an era of digital money, with Blockchain technology as an important driver of its digital transformation.
For all these reasons, Binance believes that "the country is the next key market for the adoption of encryption and the development of Blockchain technology."
Another element that makes the country an attractive destination for Binance is that government policies have become key drivers of the strong growth of Blockchain technology in the territory. Even in 2019, the Vietnam Ministry of Science and Technology announced plans to prioritize Blockchain startups in its program “Support for the National Innovation Initiative by 2025”.
Binance CEO posture
Finally, it is important to mention the statements of Binance CEO Changpeng Zhao regarding the country. He claimed that Vietnam had enormous economic growth potential and a vibrant crypto industry. These elements made it an upcoming global Blockchain center.
He also added that:
“Since 2018, Vietnam has maintained its position in one of the main countries for active users, and Vietnamese users have revealed a huge interest in fundraising and trade based on Blockchain. We hope to expand our services for the local community and support the growth of the Vietnamese blockchain ecosystem. ”
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