Within the framework of the Autumn Economic Forum 2025 , taking place on November 25-26 in Ho Chi Minh City, Binance signed a Memorandum of Understanding (MOU) with the Ho Chi Minh City Department of Finance to promote cooperation in developing the Vietnam International Financial Center in Ho Chi Minh City.
On this occasion, Thanh Nien Newspaper has an exclusive interview with Mr. Noah Perlman, Chief Compliance Officer (CCO) of Binance, about building an International Financial Center as well as experience in operating the crypto asset market.
Mr. Noah Perlman, CCO Binance, at the Fall Economic Forum 2025, held in Ho Chi Minh City on November 25
PHOTO: KHUONG NHA
Vietnam - a shining star in digital assets
* Sir, what is the specific significance of the MOU Binance just signed with Ho Chi Minh City?
- We see great potential for Ho Chi Minh City to not only be the economic center of Vietnam but also to gradually become an important destination for digital finance. The city's vision of becoming a global megacity is fully aligned with Binance's mission: to promote responsible innovation and support the building of safe and transparent digital economies. As Vietnam develops its national legal framework for digital assets, Binance is ready to share global best practices to protect users and promote sustainable growth.
* What signal does the appearance of a high-ranking Binance leader in the city with the most vibrant economy in Vietnam right now send?
- As I reported to Prime Minister Pham Minh Chinh , Binance not only brings new financial products and technologies, but also demonstrates its long-term commitment to Vietnam through many specific activities. Last week, we supported the people of the Central region affected by storms and floods through the Vietnam Fatherland Front Committee. Binance also supports many initiatives related to education , improving financial literacy and promoting innovative startups across the country.
Mr. Noah Perlman ( second from left ) in a meeting with Prime Minister Pham Minh Chinh at the 2025 Autumn Economic Forum
PHOTO: KHUONG NHA
The newly signed MOU with Ho Chi Minh City can be seen as an extension of our commitment to work with the local government to bring expertise in digital assets, blockchain and global payments.
* So what role will Binance play in the digital asset ecosystem in particular and the digital economy in general of Vietnam?
- Binance's role is to share global experience, contribute to constructive dialogue and support innovation. We look forward to working closely with the city's leadership, relevant agencies, and the fintech ecosystem to advance Ho Chi Minh City's vision of becoming a dynamic, innovative and inclusive financial hub.
Trust and compliance are key
* Digital assets are a potential but risky field. From your experience, what advice do you have for Vietnam?
- First of all, I am very impressed with Vietnam's ambition and specific strategies in seizing the opportunities that digital assets bring. This field is not only new in Vietnam but also in the world, so there is no specific model to follow. But this is also an advantage when countries have the same starting point. If successful, Vietnam can be a new model. The characteristic of this industry is that it is developing very quickly, so a strong and flexible legal framework to ensure promoting innovation while still ensuring safety for investors and market transparency is extremely important.
* So how to find the balance between flexibility and solidity when building a legal framework related to digital assets?
- International partners need certainty to operate responsibly, while Vietnam maintains rules that reflect its market characteristics and priorities. We need close coordination between regulators, businesses and international experts to reference international practices, thereby making appropriate adjustments to promote innovation, protect users, attract investment and build a safe, transparent and globally connected financial ecosystem.
Binance representative signed MOU with Ho Chi Minh City Department of Finance, witnessed by Prime Minister Pham Minh Chinh, on November 25, at the Autumn Economic Forum 2025
PHOTO: KHUONG NHA
* Vietnam is preparing to pilot the crypto asset market. As the operator of the world's largest digital asset exchange, what advice do you have for domestic regulators and businesses?
- I think compliance and trust are the two most important factors if we want to go the long way and develop sustainably. At Binance, this is the guiding principle for all activities. Our compliance team is up to 1,300 people, equivalent to 23% of total staff. Vietnamese enterprises participating in this field should also pay special attention to building a culture and compliance team from the very beginning. In addition, we need to build a risk prevention system. AI is the right direction for domestic enterprises to research and apply.
Finally, I think the most important issue is to prioritize the safety of user assets. Compared to traditional finance, digital assets are still too new and volatile. Therefore, we recommend that businesses participating in this field should have clear policies on ensuring user assets and preventing fraud and scams. These are especially important notes when Vietnamese businesses officially enter this potential but challenging field. With its experience, Binance is ready to cooperate and share experiences with Vietnam.
Thank you very much!
Jiang Ya
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