NVIDIA Continues to Survey Investment Locations in Vietnam

NVIDIA, the world's leading maker of AI chips, has sent a delegation to Vietnam to visit Hanoi, Da Nang, and Ho Chi Minh City for investment opportunities.

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Four months after the visit to Vietnam by NVIDIA’s President Jesen Huang, today, April 22, Keith Strier – Vice President of NVIDIA Corporation visited Hanoi and had a working session with Minister of Planning and Investment Nguyen Chi Dung.

Minister Nguyen Chi Dung had a working session with Mr. Keith Strier – Vice President of NVIDIA Corporation (USA). Photo: MPI

At the working session, Minister Nguyen Chi Dung shared information on the development strategy of the semiconductor and AI industry in Vietnam; the project to develop human resources for the semiconductor industry; the investment and business environment in Vietnam…

After working with Minister Nguyen Chi Dung, the NVIDIA delegation visited the National Innovation Center in Hoa Lac Hi-Tech Park (NIC Hoa Lac).

Minister Nguyen Chi Dung (second from left) introduces to NVIDIA President Jensen Huang about the National Innovation Center (NIC) in Hoa Lac on December 2023. Photo: MPI

A source said that the Vice President of NVIDIA’s working session is part of the working program in Vietnam from today to April 26. Accordingly, Mr. Keith Strier and his colleagues want to survey locations in 3 localities: Hanoi, Da Nang and HCMC for consideration of high-tech investment.

Specifically, NVIDIA wants to work with relevant central and local agencies to prepare for the establishment of a Research, Development and Training Center for Artificial Intelligence (AI); installation of a supercomputer system; transfer part of the production of graphics processing units (GPUs) for supercomputers to Vietnam.

In HCMC, on April 25 and 26, the NVIDIA delegation will have four working sessions with the Management Board of HCMC Hi-Tech Park; HCMC National University; CMC Technology Group; and meet the Chairman of HCMC People’s Committee to discuss investment in the semiconductor industry.

In December 2023, NVIDIA President Jesen Huang visited and worked in Vietnam. He highly appreciated Vietnam’s great potential and opportunities in the semiconductor and AI industry, especially Vietnam’s human resources in this field.

Mr. Jensen Huang stated: “AI is a new wave that emerges and is larger than PC, Internet and cloud computing and it will revolutionize all industries. With the development of a culture focused on STEM activities, a strong software engineering team, and a solid infrastructure for the production of technology, and the strong determination of the Government to transform the country by technology, Vietnam is positioned to ride the new wave of AI. We look forward to making Vietnam a major center for AI production and innovation for NVIDIA”.

Meeting Prime Minister Pham Minh Chinh on this occasion, Mr. Huang announced that NVIDIA will build a stronghold in Vietnam in the semiconductor field.

NVIDIA is currently one of the largest companies in the stock market with a value of less than $2,000 billion. NVIDIA’s stock led the increase on February 22, after reporting a surge in income growth, thanks to the boom in the artificial intelligence industry.

MINH TRUC