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

MobiFone has become the third network operator in Vietnam to offer 5G services. (Photo: VNA)

MobiFone officially launches 5G services

This launch marks a significant milestone in Vietnam’s telecommunications landscape, promising to elevate the digital experience for both individual and business users.

Vietjet offers millions of tickets worth 0 VND on all domestic and international flights. (Photo: Vietjet)

Vietjet offers big promotion to celebrate April 30-May 1 holiday

Accordingly, from 12:00 on April 1 to 23:59 on April 5, Vietjet opens sale of Eco tickets priced from only 0 VND for passengers booking flights at the website www.vietjetair.com and Vietjet Air mobile app, with convenient flight times from April 15, 2025, to March 28, 2026.

At the meeting between Minister of Construction Tran Hong Minh and Chinese Minister of Transport Liu Wei (Photo: Ministry of Construction)

Vietnam, China forge ahead with transport cooperation

From late 2023 to December 2024, the Vietnamese Ministry of Transport (now the Ministry of Construction - MoC), China’s National Development and Reform Commission (NDRC), and the China International Development Cooperation Agency (CIDCA) signed six documents to advance the construction of railways linking the two nations.

Delegates cut the ribbon to open the expo. (Photo: VNA)

Int’l expo spotlights sustainable shrimp farming

Co-organised by the Directorate of Fisheries, the Vietnam Fisheries Society (VINAFIS), and the Vietnam Fisheries Magazine, the three-day event features over 200 booths from nearly 150 domestic and international enterprises.

Secretary of Hung Yen province Party Committee Nguyen Huu Nghia (left) meets with Liu Jianchao, head of the International Liaison Department of the Communist Party of China Central Committee. (Photo: VNA)

Hung Yen province strengthens investment cooperation with Chinese localities

Hung Yen is eager to closely collaborate with Chinese localities to effectively implement the common perceptions reached by the two countries' high-ranking Party and State leaders, as well as the joint declarations issued by both sides, said Secretary of the provincial Party Committee Nguyen Huu Nghia.

Illustrative image (Photo: VNA)

PM directs creating fertile ground for SMEs

Released on March 25, the directive underscored the pivotal role of the private sector, particularly SMEs, which constitute 98% of all active businesses in the country.

At the MoU signing ceremony (Photo: moit.gov.vn)

Vietnam, UK sign MoU on consumer protection

At the signing ceremony, Deputy Minister Phan Thi Thang affirmed that the MoU not only represents a milestone in the cooperation between the two sides but also demonstrates the ministry’s commitment to protecting consumer interests in an increasingly interconnected global marketplace.

Delegates attend the ground-breaking ceremony of a super white flower glass factory on March 25. (Photo: VNA)

Work begins on two construction material plants in Hue

In his speech at the groundbreaking ceremony, Chairman of the People's Committee of Hue City Nguyen Van Phuong said these two key projects are expected to drive significant progress in the city's manufacturing industry, contributing to the goal of achieving double-digit economic growth in line with the Government's target.

The signing ceremony of the MoU between the Vinh Phuc Investment Promotion and Business Support Centre and its partners at the dialogue. (Photo: VNA)

Vinh Phuc holds dialogue to address business challenges

A leader of Vinh Phuc pledged to step up reforming administrative procedures, accelerate land clearance, and enhance digital services to guanrantee a favourable and transparent investment and business climate for enterprises to operate and grow.

Permanent Deputy Prime Minister Nguyen Hoa Binh (R) speaks at the roundtable on the building of financial centres in Vietnam in Germany. (Photo: VNA)

Deputy PM Nguyen Hoa Binh discusses financial centre development with ECB

With the country’s National Assembly expected to issue a resolution this year on the establishment of international financial centres, Binh said the Vietnamese Government hopes to obtain the ECB’s advice in shaping policies for financial regulation, investment attraction, risk management, and anti-money laundering efforts.