Nvidia Partners with Vietnam for AI Development

In a significant move, Nvidia Corp. (NASDAQ:NVDA) has signed a cooperation agreement with the Vietnamese government to enhance AI capabilities. The deal, witnessed by CEO Jensen Huang and Prime Minister Pham Minh Chinh, was signed in Hanoi on Thursday. Although the specifics remain undisclosed, it represents a key collaboration between Nvidia and Vietnam.

Huang's visit follows his previous announcement about strengthening partnerships with Vietnam's technology sector and improving the country’s AI and digital infrastructure talent pool. In April, Vietnamese firm FPT revealed plans to create a $200 million AI factory using Nvidia’s graphics technology.

Additionally, the agreement includes the establishment of an AI research and development center in Vietnam, demonstrating Nvidia’s commitment to the region. Investment Minister Nguyen Chi Dung noted the importance of data as a national resource, aligning with Huang’s views on AI’s transformative potential for industries and society.

Prior to the agreement, Huang also met with Thailand’s Prime Minister Paetongtarn Shinawatra to discuss enhancing AI infrastructure in Thailand, showcasing Nvidia's regional engagement.

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