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Nvidia's CEO Jensen Huang has signed an agreement to establish an artificial intelligence research and development center in Vietnam, enhancing the company's footprint in Southeast Asia. This initiative, alongside a Viettel Group data center utilizing Nvidia technology, aims to advance AI capabilities in the country, as noted by Vietnam’s Investment Minister Nguyen Chi Dung during the signing ceremony in Hanoi, attended by Prime Minister Pham Minh Chinh.
Vietnam's Prime Minister Pham Minh Chinh announced an ambitious target for economic growth of approximately 8% in 2025, surpassing the National Assembly's goal of 6.5%-7%. The government aims to prioritize economic expansion while managing inflation and maintaining budgetary discipline.
Vietnam is on the verge of achieving emerging market status, with FTSE Russell retaining it on the watchlist and projecting a potential upgrade by September 2025. The government is focused on economic reforms, aiming for a GDP growth of 6.2% next year, while the country benefits from global supply chain shifts amid U.S.-China tensions. However, challenges such as skilled labor shortages and infrastructure issues persist, alongside a significant anti-corruption campaign that may temporarily hinder progress.
Pham Minh Chinh
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Nvidia Establishes AI Research Center in Vietnam to Boost Southeast Asia Presence
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13:21 05.12.2024
Vietnam aims for 8 percent economic growth in 2025 according to PM
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vietnam poised for emerging market upgrade amid economic reforms and global shifts
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07:08 28.10.2024
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