NVIDIA’s growing presence in Vietnam: A strategic move in the AI landscape
NVIDIA Vietnam, a subsidiary of the tech giant, has recently increased its charter capital significantly, according to a business registration change on August 7, 2025. The company’s capital has been raised from over VND 2.4 billion to nearly VND 28.2 billion, equivalent to an increase from $100,000 to $1.1 million.
The company is wholly foreign-owned, with Chairman and Director Mark Steven Hoose holding 100% of the enterprise’s capital. The list of legal representatives includes Vice Director Vo Huu Tu and Mr. Mark Steven Hoose.
NVIDIA Vietnam is located on the 16th floor of Saigon Tower, 29 Le Duan Street, Saigon Ward, Ho Chi Minh City. The company was established on May 21, 2024, with an initial charter capital of $100,000, wholly owned by NVIDIA International, Inc. Their main business lines include software consulting, system consulting, analysis, design, and maintenance.
NVIDIA has been actively expanding its presence in Vietnam. Billionaire Jensen Huang shared that NVIDIA chose Vietnam as its “second home” by opening a Research and Development Center in the country.
Mr. Huang attributed this decision to Vietnam’s numerous advantages, including its strong family values and emphasis on education. He highlighted the country’s excellence in STEM fields, particularly mathematics and science, which has positioned Vietnam as the world’s second-largest provider of software engineers.
In April 2024, FPT announced the development of an AI Factory through a comprehensive strategic collaboration program with NVIDIA. Along with the AI Factory in Japan, the partners aim to develop sovereign AI for Vietnam and Japan, “materializing the common vision of becoming AI countries.”
In December 2024, NVIDIA, through NVIDIA International, Inc., acquired 100% of the charter capital of Vinbrain Limited Company, a member of the Vingroup Corporation (HOSE: VIC). Vinbrain specializes in developing AI-applied products for the healthcare sector.
During the same month, Mr. Jensen Huang visited Vietnam and witnessed the signing of an agreement between NVIDIA and the Vietnamese government for the establishment of an AI Research and Development Center and an AI Data Center in the country.
NVIDIA has also entered into agreements with several partners to shift their production chains from other countries to Vietnam, with a committed investment of between $4-4.5 billion over the next four years. This move is expected to generate approximately 4,000 direct jobs and 40,000-50,000 indirect jobs in the coming years.
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FPT’s stock has plummeted by over 31% since the start of the year. This sharp decline has investors concerned about the future prospects of this once-promising company. With such a significant drop, it’s clear that FPT is facing challenges that are impacting its performance and worrying shareholders. The question now is: what steps will FPT take to address this downward trend and reassure its investors?
