Nvidia has signed an agreement with the Vietnamese government to establish two significant facilities: the Vietnam Research and Development Center (VRDC) and an AI data center. This collaboration aims to position Vietnam as a leading hub for artificial intelligence (AI) research and development in Asia. The agreement, formalized on December 5, 2024, in Hanoi, follows over a year of discussions initiated by Prime Minister Pham Minh Chinh’s visit to Nvidia’s headquarters in the US The new centers will leverage Vietnam’s young and tech-savvy workforce to deploy advanced AI technologies and support the country’s national development strategy focused on innovation.
The VRDC will be one of Nvidia’s three global AI R&D centers, alongside facilities in Silicon Valley and Taiwan. At the signing ceremony, PM Chinh emphasized the deal as a milestone that reflects Nvidia CEO Jensen Huang’s commitment to making Vietnam a second home for the company. Minister of Planning and Investment Nguyen Chi Dung described the agreement as a “historical turning point” for Vietnam, highlighting its potential to enhance the country’s capabilities in high-tech industries and attract further foreign investment.
Nvidia’s expansion into Vietnam is expected to foster local talent development through internship programs and scholarships, while also promoting innovation within the country’s AI ecosystem. Huang noted that Vietnam’s data resources are vital for building AI solutions domestically, reinforcing the idea that AI should be processed and operated within Vietnam for the benefit of its people and industries. This partnership aligns with Vietnam’s aspirations to advance in technology and positions it as an emerging player in Southeast Asia’s digital landscape.
The establishment of these centers is anticipated to accelerate Vietnam’s technological transformation, creating job opportunities and enhancing its status as a destination for high-tech investment. As part of this initiative, Nvidia plans to collaborate with local firms and educational institutions, further integrating into Vietnam’s growing technology sector.
(Source: The Investor)
