Vietnam has officially launched the National Data Development Fund with an initial capital of VND1 trillion (approximately USD 38.4 million), aimed at accelerating the country’s digital transformation and data-driven development. Established under Decree No.160/2025/ND-CP, the fund is structured as a non-budget state financial fund, operating on a non-profit basis under the management of the Ministry of Public Security.
The fund is mandated to support a wide range of initiatives related to emerging technologies such as artificial intelligence (AI), big data, cloud computing, blockchain, machine learning, and the Internet of Things (IoT). These efforts are intended to serve not only state governance and national interests but also broader socio-economic development objectives. In particular, the fund will prioritize digital inclusion by promoting technology adoption in rural, remote, and economically disadvantaged areas.
Aside from its core technological focus, the fund will facilitate scientific research, technological innovation, and the creation of a robust data ecosystem in Vietnam. It will support the formation of expert networks, technology organizations, and data science associations at both national and international levels.
The fund is empowered to receive financial support from a variety of sources, including lending and deposit interest, state and private sponsorships, foreign aid, and donations. Clear regulations are laid out regarding the receipt and use of both monetary and non-monetary contributions, including trust fund mechanisms and in-kind donations. With this fund, Vietnam signals a strong commitment to advancing its digital infrastructure, enhancing data governance, and fostering sustainable tech-driven growth.
(Source: Vietnam News)
