In a significant move towards enhancing its foothold in the tech-finance sector, OKX President Hong Fang has expressed the company’s intent to engage more deeply with Vietnam’s burgeoning ecosystem. This declaration came during a meeting with Vietnam’s standing Deputy Prime Minister Nguyen Hoa Binh in San Francisco on March 27.
Fang highlighted Vietnam’s potential as a dynamic market, noting its youthful population and impressive technological advancements. She emphasized the country’s rich pool of engineers and tech talent, as well as its spirit of innovation. Fang acknowledged the Vietnamese government’s proactive approach in policy deliberations and its willingness to adopt international best practices, which she sees as key to fostering the growth of digital assets and sustainable digital infrastructure.
To further this agenda, Fang proposed that OKX engage in policy discussions within Vietnam, aiming to share its extensive cross-border experience in establishing sandbox environments for digital assets. She also expressed a commitment to assist Vietnam in realizing its vision for the International Financial Center (VIFC), emphasizing the importance of creating a safe and transparent environment for capital flows that meets international compliance standards.
Additionally, Binh engaged with California State Treasurer Fiona Ma, who praised Vietnam as a crucial partner for California. Ma shared insights from her experience managing large pension funds and issuing municipal bonds, suggesting ways Vietnam might diversify its approaches to mobilizing green capital.
The discussions also highlighted the potential for strengthening trade and economic ties, as well as fostering cooperation in sectors such as education, infrastructure, and green energy. Ma proposed enhancing bilateral relations through initiatives in technology, tourism, high-value agriculture, and the establishment of agro-tourism models that integrate artificial intelligence into governance.
In response, Binh reiterated Vietnam’s openness to California investors, assuring them of a welcoming environment for investment projects aligned with the country’s strengths and needs.
Furthering the discussions on sustainable agribusiness, Blue Evolution founder and CEO Beau Perry also met with Binh. Blue Evolution focuses on regenerative agriculture, aquaculture, and sustainable practices, particularly in seaweed production and related biotechnologies. Perry expressed interest in collaborating with Vietnam to develop sustainable agriculture, particularly in enhancing the seaweed value chain.
Binh welcomed these collaborative initiatives from both OKX and Blue Evolution, highlighting Vietnam’s readiness to attract investment in sectors crucial for its development, including efforts related to the VIFC. Vietnam is in the process of establishing an international financial center, with hubs in both Ho Chi Minh City and Danang. The Ho Chi Minh City branch was inaugurated recently, while the Danang branch has also commenced operations, showcasing Vietnam’s commitment to creating a robust financial infrastructure.
