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Binance charity has pledged $200,000 in digital assets to support flood relief in central Vietnam, where record rainfall has submerged more than 52,000 homes and left nearly 500,000 households without power.
The donation, formalized November 21 in Ho Chi Minh City with the Vietnam Fatherland Front, will fund immediate relief and reconstruction in provinces devastated by recent typhoons and historic flooding.
The funds—equivalent to VND 5.3 billion—will support immediate relief and long-term reconstruction across provinces hardest hit by storms that have crippled local infrastructure, power supply, and livelihoods.
The lead response from Binance charity comes as Vietnam reports more than 52,000 submerged homes and nearly half a million households left without electricity following days of historic rainfall. Severe flooding forced mass evacuations from areas engulfed by rising waters, intensifying the need for coordinated humanitarian assistance.
Rainfall totals exceeded 1.5 meters in several regions over a three-day period, surpassing previous national flood records and overwhelming coastal and highland settlements.
Cities such as Hoi An and Nha Trang saw entire neighborhoods consumed, while the central highlands’ farming belt—already strained by earlier typhoons Kalmaegi and Bualoi—suffered further setbacks as harvests stalled under widespread destruction.
Vietnam’s government estimates that natural disasters have caused nearly $2 billion in damage between January and October alone, underscoring the mounting financial burden on affected communities.
During discussions with the Binance delegation, Mr. Nguyễn Hải Nam, Deputy Chief of the VFF, emphasized the importance of solidarity from global partners. He commended Binance charity for “protecting the good leaves from the torn ones,” describing the contribution as a critical boost for families trying to rebuild after losing homes and livelihoods.
Seker SB, Head of APAC at Binance, expressed the foundation’s commitment to supporting relief efforts.
“Our hearts go out to everyone affected by these devastating floods. We hope this contribution can offer necessary support to those facing immense hardship and help local communities rebuild stronger,” he said.
Vietnam is not new to the support of Binance charity, which has been active in the country’s disaster response since 2024. Following Typhoon Yagi, the organization distributed $1 million in BNB tokens to affected families.
In the same year, it deployed industrial RO water filtration systems in ten Mekong Delta provinces to help communities facing saltwater intrusion.
The organization also partnered with the Earthworm Foundation to plant 10,000 trees in Binh Thuan Province—an initiative aimed at restoring forests and improving local ecosystems.
Binance CEO Richard Teng stated at the time, “We’d like to send our sincere condolences to those who are impacted by the devastating typhoon Yagi in Vietnam. We hope that our efforts can bring some relief to those affected.”
Across Asia, Binance charity has also provided support in Pakistan, where it donated $150,000 to the Alkhidmat Foundation after destructive floods in Khyber Pakhtunkhwa and Punjab.
In Taiwan, the group collaborated with the Taiwan Association for Blockchain Ecosystem Innovation to raise more than $117,000 following the Mataian River barrier lake collapse.
These efforts reflect a broader trend of expanding humanitarian interventions from Binance charity, which has become one of the most active crypto-funded relief organizations in the region.
While Binance charity continues to expand its footprint in global relief efforts, Binance and its founder Changpeng Zhao (CZ) are facing legal challenges in the United States.
A lawsuit filed by American citizens affected by the October 2023 attack on Israel alleges that the exchange provided “substantial assistance” to militant groups, including Hamas and Hezbollah.
The complaint claims that Binance enabled transactions tied to proscribed organizations and that wallets associated with the exchange sent more than $300 million before the attacks and over $115 million afterward.
Binance has denied wrongdoing, saying there was “nothing special about the relationship between it and Hamas,” and confirmed it had blocked a “small number” of accounts connected to these organizations.
The legal scrutiny adds complexity to the public perception of the company, even as Binance charity continues deploying humanitarian assistance across multiple disaster zones worldwide.
