On December 11, the roundtable discussion on semiconductor, AI development trends and opportunities for Vietnam was organized by the National Innovation Center (NIC) and NVIDIA Corporation (USA) at NIC Hoa Lac. The discussion was co-chaired by the Vietnamese Minister of Planning and Investment Nguyen Chi Dung and President, General Director of NVIDIA Corporation Jensen Huang.

NVIDIA is a multinational technology company that designs graphics processing units (GPUs), application programming interfaces (APIs) for data science and high-performance computing, and systems on unit of chip (SoC) for the mobile and automotive computing markets. Up to now, NVIDIA has more than 27,000 employees globally, with revenue reaching nearly USD 27 billion. With the global AI fever, NVIDIA is increasing its AI chip production plan for 2024 by more than 3 times and revenue of the corporation is expected to increase a lot in the near future.

President and General Director of NVIDIA Corporation Jensen Huang (2nd from left) spoke at the roundtable discussion.

Previously, on September 18, Prime Minister Pham Minh Chinh visited and worked with NVIDIA. Here, the Prime Minister spent much time discussing with Jensen Huang about semiconductor chip development trends, global AI and the potential for cooperation between the corporation and Vietnam. They also talked about the project to develop human resources in the semiconductor industry being assigned by the Government to the Ministry of Planning and Investment.

On December 11, Prime Minister Pham Minh Chinh also had a reception and working session with Chairman Jensen Huang, when Huang announced that NVIDIA will build the corporation's base in Vietnam in the field of semiconductors to attract talent.

According to the Ministry of Planning and Investment, the roundtable discussion on semiconductor, AI development trends and opportunities for Vietnam is a step forward after a positive and effective exchange process between the two sides. This is considered a good sign, further strengthening the building and development of Vietnam's semiconductor and AI ecosystem.

At the discussion, NVIDIA President Jensen Huang highly appreciated Vietnam's great potential and opportunities in the semiconductor and AI industry, especially Vietnam's human resources in this field.

Huang said: “AI is a new wave that has appeared and can be said to be the biggest ever. Currently, there is an extraordinary opportunity for Vietnam. Both sides can establish strategic relationships regarding AI and chips - both industries that are vital to the prosperous development of countries. Vietnam is a partner of NVIDIA. We will further expand our existing partnership with Vietnam and will of course contribute to AI Vietnam in the future. We are committed to turning Vietnam into our second homeland and establishing a legal entity in Vietnam”.

“Vietnam has good education and training and infrastructure; we just need to encourage new generations to enter the world of AI and encourage Vietnamese experts and engineers abroad to return home. One challenge now is to upskill and build 1 million AI experts. This will be the most powerful team in the world. We are ready to cooperate with Vietnam to improve AI skills and infrastructure”, said Huang.

According to Minister of Planning and Investment Nguyen Chi Dung, Vietnam has many advantages to develop the semiconductor and AI industries and commit to creating favorable conditions for NVIDIA to operate in Vietnam. Minister Dung also requested NVIDIA to promote research and implementation of semiconductor and AI investment projects in Vietnam; cooperate, invest, build R&D (research and development) centers, and laboratories for designing and developing NVIDIA's semiconductor chip products at NIC and high-tech parks.

He also asked NVIDIA to cooperate, advise and support the NIC and Vietnamese training facilities with resources and experts to develop training and practice programs in the field of semiconductors and AI; coordinate with NIC to implement the Project on Developing Human Resources for Vietnam Semiconductor Industry to 2030 and cooperate with major training establishments in Vietnam to implement human resource training programs for the industry.

Recently, in the joint statement between Vietnam and the US, both sides emphasized cooperation in innovation and high technology, including semiconductor chips and AI. The US Government has invited Vietnam to participate in semiconductor initiatives within the framework of the Organization for Economic Cooperation and Development (OECD). It can be said that the potential for cooperation between Vietnam and the US partners in the semiconductor industry, AI and other high-tech industries is extremely large and has many meanings for the diplomatic relations of the two countries in the new era.

The roundtable discussion on semiconductor, AI development trends and opportunities for Vietnam is also a strong commitment of the Vietnamese Government in general, and of the Ministry of Planning and Investment in particular in its determination to promote the semiconductor and AI industries.

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