The collaboration, announced on Thursday by Nvidia CEO Jensen Huang during a meeting in Hanoi, marks a significant step in Vietnam’s ambitions to become a regional leader in AI and semiconductor technology.
As part of the initiative, Nvidia will collaborate with Viettel Group’s data center to advance AI capabilities within the country. The deal also involves VinBrain, the AI unit of Vingroup JSC, which Nvidia sees as a potential cornerstone for a future design center. VinBrain focuses on healthcare AI solutions, aligning with Nvidia’s broader strategic interests in the sector.
This partnership is part of Vietnam’s push to boost its semiconductor and AI industries, with the government targeting US$100 billion in annual revenue from the semiconductor sector by 2050. By 2030, Vietnam aims to establish three major data centers and three AI hubs to solidify its technological infrastructure.
Nvidia’s regional expansion also includes recent agreements with Thailand to enhance the country’s AI infrastructure, signaling Southeast Asia’s growing focus on reducing reliance on China by strengthening local semiconductor supply chains.
Huang’s first visit to Vietnam in 2023 signalled the company’s commitment to the region. Nvidia has since pledged US$250 million to partnerships with top Vietnamese tech firms, focusing on deploying AI solutions across cloud services, automotive technology, and healthcare.
Vietnam’s open approach to foreign investment—allowing 100% ownership of data centers—has attracted global tech giants like Amazon and Apple suppliers such as Foxconn, which recently committed US$80 million to a new chip plant in the country.
Nvidia’s stock has surged over 200% in 2024, driven by its leadership in AI hardware and software solutions. Analysts continue to highlight Nvidia as a key player in AI infrastructure, benefiting from robust demand across industries including gaming, datacenters, and autonomous vehicles.
