Huobi Strategizes Market Penetration into Vietnams Growing Blockchain Marketby Company Announcement May 25, 2018
Huobi.Pro, the leading global digital asset exchange, which saw a cumulative annual turnover of US$850-billion last year in 2017, announced its grand strategy to tackle the Vietnamese market during their keynote speech at Blockchain Festival Vietnam.
Frank Fan, strategic investment director of Huobi said,
“Huobi.Pro intends to make Vietnam one of its ‘Strategic Fortress’, a location that has an unassailable lead in terms of market penetration. Huobi.Pro indicated its preference to collaborate with Vietnamese strategic partners with capabilities in regulation, banking and marketing.”
During the keynote speech, Huobi.Pro also identified the landscape of Vietnamese fiat-digital assets service is nascent in Vietnam. The digital assets regulation in Vietnam remains stern and cautious. However, the local government has indicated that clearer regulations will be on the way, which makes doing business less complicated and more straightforward.
Huobi has announced its willingness to comply with digital asset regulation and actively seek to collaborate with strategic partners and relevant stakeholders.
Location advantage, homogenous culture, population and economics, and digital infrastructure were all mentioned to be prime factors in the determination of Huobi Strategy in Vietnam.
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