Crypto exchange Binance announced on Nov. 24 that its charity arm will donate $200,000 to Vietnam to reinforce relief and rebuilding after destructive flooding hit several central provinces. The group said the funds will strengthen emergency response and support long-term recovery for affected households.
Binance detailed:
On November 21 in Ho Chi Minh City, Binance Charity representatives visited the Central Committee of the Vietnam Fatherland Front (VFF) to pledge USD 200,000 (nearly VND 5.3 billion) toward emergency relief, recovery, and reconstruction efforts.
That meeting included Nguyễn Hải Nam, the Deputy Chief of the Central Committee of the VFF, who underscored the nation’s culture of mutual responsibility, referencing “the good leaves protect the torn ones.” Seker SB of Binance stated, “Our hearts go out to everyone affected by these devastating floods,” explaining that the objective is to give families essential resources and help stabilize local communities.
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Reflecting on its humanitarian footprint in Vietnam, Binance Charity cited earlier activity such as its 2024 Typhoon Yagi emergency airdrop that delivered $1 million in BNB, along with water-filtration deployments across the Mekong Delta and reforestation projects in Binh Thuan Province. The group highlighted that blockchain tools can enhance verification, improve auditability, and accelerate disbursements to households in crisis. Advocates of crypto argue that distributed systems can reduce delays and operational friction in humanitarian finance, providing a counterpoint to critiques that digital assets lack proven utility in emergency relief.
- How much aid did Binance Charity commit to Vietnam’s flood recovery?
Binance Charity allocated $200,000 to support emergency relief and long-term rebuilding. - What previous crypto-based aid efforts has Binance conducted in Vietnam?
Binance earlier delivered a $1 million BNB airdrop during Typhoon Yagi recovery. - How does Binance say blockchain improves disaster relief?
The group says blockchain enhances verification, auditability, and rapid fund distribution. - Which regions in Vietnam are referenced in Binance’s humanitarian initiatives?
Efforts included the Mekong Delta, Binh Thuan Province, and multiple central provinces impacted by flooding.
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