Vietnam Signs Agreement with Nvidia to Establish AI Research and Data Centers
The Diplomat | 6 December 2024
Last year, Nvidia CEO Jensen Huang said that he wanted to make Vietnam the AI chipmaker’s “second home.”
Vietnam and the chipmaker Nvidia have signed an agreement to establish an artificial intelligence (AI) research and development center in the country, marking a significant step forward in Vietnam’s plans to turn itself into a regional tech hub.
The agreement, which was signed yesterday in Hanoi in the presence of Prime Minister Pham Minh Chinh and visiting Nvidia CEO Jensen Huang, will involve the expansion of an AI data center owned by the Vietnamese military-owned Viettel Group, which already uses Nvidia technology. Nvidia also said it has acquired healthcare startup VinBrain, a unit of the prominent Vietnamese conglomerate Vingroup.
Speaking at yesterday’s signing ceremony, Investment Minister Nguyen Chi Dung said that the R&D center will help develop advanced AI in the country, Bloomberg reported.
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