US chip giant aims to set up centre in Vietnam

Nvidia wishes to establish a base in Vietnam as it views the Southeast Asian nation as its home, President and CEO of the US chip giant Jensen Huang told Prime Minister Pham Minh Chinh at their meeting in Hanoi on December 10.
US chip giant aims to set up centre in Vietnam ảnh 1Prime Minister Pham Minh Chinh and President and CEO of Nvidia. (Photo: VNA)
Hanoi (VNA) – Nvidia wishes toestablish a base in Vietnam as it views the Southeast Asian nation as its home,President and CEO of the US chip giant Jensen Huang told Prime Minister PhamMinh Chinh at their meeting in Hanoi on December 10.

The base will be for attracting talents from aroundthe world to contribute to the development of Vietnam's semiconductor ecosystemand artificial intelligence (AI), and promoting startups, thus boosting the digitalisationin the country, Huang said, stressing that the group is pleased to set up thispartnership with Vietnam.

He noted that Nvidia, which has already investedabout 250 million USD in Vietnam, regards the country as an important market.

Huang held that that the good relationship betweenVietnam and the US has created favourable conditions and a foundation forcooperation in the semiconductor industry and AI.

The CEO also highly valued Vietnam's potential,great opportunities, and clear strategy, vision and approach, as well as itsfocus on infrastructure investment in semiconductors and AI, and humanresources in the spheres.
US chip giant aims to set up centre in Vietnam ảnh 2At the meeting between Prime Minister Pham Minh Chinh and President and CEO of Nvidia. (Photo: VNA)
Vietnam is at an important moment in itsdevelopment process, he said, adding once it succeeds on semiconductors and AI,the country will be successful in the most crucial stages and areas of industryand technology.

Vietnamese people are excellent at math, and the countryhas software capabilities and a very good position to develop semiconductorsand AI, he continued.

PM Chinh emphasised that in their newly-established comprehensivestrategic partnership, Vietnam and the US have agreed to make science-technologyand innovation a new and significant pillar.

Therefore, priorities should be given to some areas of Vietnam’s focus, especially semiconductors, the leader said, briefingthe guest on the country’s personnel in the industry with some 6,000 engineers,  the number of high-quality engineers expected to increase to 50,000 by2030, prioritising circuit design engineer training.

The PM asked Nvidia to set out a strategic vision in cooperating and accompanying with Vietnam in building andimplementing its national semiconductor strategy and developing thesemiconductor ecosystem in all the three stages of chip factory design andconstruction, packaging, and testing.

He also suggested the group to concentrate on cooperationin infrastructure, building training facilities, and research and development, anddesign centres, developing semiconductor chip and AI products, building bigdata centres, along with high performance computing and semiconductor engineertraining in Vietnam.

Chinh thanked the Nvidia official for his assessmentsand strong commitments, saying Vietnam will establish a working group to put inplace and push ahead with cooperation agreements and contents between the twosides, which will be headed by the PM himself.

During his trip to the US in September, the PMvisited the Nvidia headquarters and invited Huang to visit Vietnam as soon aspossible./.
VNA

See more

Vietnamese, Chinese enterprises exchange experience at the networking and exchange programme in Da Nang city on January 13, 2026 (Photo: VNA)

Da Nang promotes logistics cooperation with Chinese businesses

With the goodwill and active engagement of partners, particularly the Chinese business community, the cooperation is expected to generate concrete and long-term opportunities, contributing to the development, deeper integration and sustainability of Da Nang’s startup and innovation ecosystem, said Le Son Phong, Deputy Director of the municipal Department of Science and Technology.

SCAVI Hue Co., Ltd. (100% invested by Financière B’Lao Group, France), specialising in garment manufacturing at Phong Dien Industrial Park in Hue. (Photo: VNA)

Business Confidence Index reaches seven-year high: EuroCham Vietnam

After several years affected by global volatility and disruptions, the Q4/2025 BCI indicates that European business sentiment in Vietnam has returned firmly to positive growth territory, surpassing levels seen prior to US tariff announcements and even before the COVID-19 pandemic. Specifically, 65% of surveyed companies assessed their current business conditions as positive in Q4/2025, with the figure rising to 69% when looking ahead to Q1/2026, suggesting that optimism is set to strengthen further as the new year begins.

Prime Minister Pham Minh Chinh chairs the 5th meeting of the Central Steering Committee on Housing Policy and the Real Estate Market in Hanoi on January 13, 2026. Photo: VNA

PM chairs meeting on housing policy, real estate market

The right to housing is a fundamental right of citizens, and housing is an essential need of every person. Housing development is an important pillar of social welfare policy, while also serving as a driving force for economic growth, labor market stability, and sustainable socio-economic development, said Prime Minister Pham Minh Chinh.

Hanoi to host Thailand Week 2026 in late January

Hanoi to host Thailand Week 2026 in late January

Visitors to Thailand Week 2026 will be able to enjoy a variety of attractive promotional programmes, lively trade promotion activities and daily lucky draws offering numerous quality Thai products.

Illustrative image (Photo: VNA)

German media group releases Vietnam outlook report 2026

The Germany-based international media group specialising in economic, financial and political coverage of emerging markets IntelliNews on January 11 published its annual Vietnam Outlook report 2026, highlighting prospects for economic growth and what problems lie in store.