Vietnam hailed as destination for AI development in 2025
Vietnam’s flexible approach to AI regulations has enabled the country to leverage its geopolitical advantages, skilled workforce, and innovation ecosystem for sustained technological progress.
PM Pham Minh Chinh and CEO of NVIDIA Jensen Huang enjoy Hanoi street food on December 5, 2024. (Photo: VNA)
Hanoi (VNA) ✃– With Government-backed incentives and a proposed regulatory sandbox, the outlook for digital technology investors in Vietnam is promising, according to an article published on vietnam-briefing.com.
It said over the past five years, Vietnam has attracted major international technology corporations thanks to its strategic location and abundant resources in ASEAN. The presence and recent key moves by Qualcomm, Samsung and NVIDIA have positioned Vietnam as a leading hub for AI research and innovation in the region.
“Vietnam has many advantages, of which the biggest ‘superpower’ is family values and respect for education. Vietnamese people excel in STEM fields, especially maths and science. This makes Vietnam the second-largest supplier of software engineers in the world – a fact that few people know about. With this potential, we believe that Vietnam is an ideal place for NVIDIA to develop R&D centres and build a strong AI ecosystem here”, said Jensen Huang, CEO of NVIDIA.
❀ Vietnam’s legal framework also offers numerous incentives for digital technology investors, creating a favourable environment for business expansion. With the introduction of the regulatory sandbox, companies can develop and test new digital technology products and services for up to two years without being restricted by rigid legal requirements. International investors should capitalise on these advantages to enter and expand in Vietnam’s AI market, the writing noted.
In conclusion, the article said Vietnam’s flexible approach to AI regulations has enabled the country to leverage its geopolitical advantages, skilled workforce, and innovation ecosystem for sustained technological progress. Through clear AI strategies, structured implementation plans, and progressive legal frameworks, the Government aims to mitigate risks while fostering breakthroughs in AI development.
🍰 NVIDIA’s recent expansion is a clear indicator of this transformation, signaling strong growth prospects for both domestic and international investors in Vietnam’s AI sector, it added./.
Ho Chi Minh City, in collaboration with Vietnamese technology company CMC, has announced an ambitious initiative to establish the world's first AI city model.
The Government has issued a decree allowing support of up to 50% of initial investment costs for businesses engaging in semiconductor and AI research and development (R&D) projects.
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ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
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Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
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The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
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The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
