FPT consortium kicks off urban area-AI center project in central Vietnam

By Nguyen Tri, Minh Hue
Sun, August 18, 2024 | 10:05 pm GMT+7

A consortium of tech giant FPT Corporation's subsidiaries on Sunday commenced construction on a VND4.36 trillion ($174 million) project to build an artificial intelligence (AI) center and its supporting urban area in Vietnam’s central province of Binh Dinh.

The FPT Quy Nhon consortium includes FPT City Danang JSC, FPT Investment Co., Ltd, and FPT Software Co., Ltd.

The project spans an area of 94 hectares across Tran Quang Dieu and Bui Thi Xuan wards in Quy Nhon town. It comprises three main functional subdivisions: an AI center, an education and training zone, and a supporting urban area.

An illustration of the urban area-AI center project invested by the FPT Quy Nhon consortium in Binh Dinh province, south-central Vietnam.

An illustration of the urban area-AI center project invested by the FPT Quy Nhon consortium in Binh Dinh province, south-central Vietnam.

The AI center will focus on research, training, software development, digital transformation support, cybersecurity solutions, social security, and AI applications aimed at enhancing human productivity, quality, and service value.

The education and training zone will feature an integrated school system from elementary to high school levels.

Meanwhile, the supporting urban area will provide essential amenities meeting the needs of an AI-driven urban environment, aiming to attract high-quality human resources to Binh Dinh, particularly in the fields of advanced technology, new technology, and AI.

At the event, Chairman of the provincial People’s Committee Pham Anh Tuan hailed the project as a new step in the application of high technology, especially AI, to promote local innovations and economic development.

It is also a testament to the province's determination to proactively engage in the fourth Industrial Revolution, contributing to rapidly advancing Binh Dinh's scientific and technological potential, especially in the fields of AI, Internet of Things, and Big Data, he said.

It will help promote the development of the digital economy and improving Binh Dinh's competitiveness in the digital technology age, he added.

According to FPT chairman Truong Gia Binh, the project aims to attract investment in AI research, creativity and development in the times of 4.0 technology, towards the 5.0 technology era.

The local leader informed that the province has developed the International Center for Interdisciplinary Science and Education (ICISE), the Center for Scientific Discovery and Innovation (ExploraScience Quy Nhon), and TMA Innovation Park with the active participation and contributions of major business groups.

Notably, FPT has built and put into operation an FPT University branch in Quy Nhon, providing in-depth training in AI; and an FPT Software branch in the Quang Trung Software Park.

It has also deployed an expert training, production and research complex project in the Quy Hoa Science and Education Urban Area; and supported the implementation of solutions at the Binh Dinh Smart City Operation Center.

The FPT University branch in Quy Nhon came into operation in 2021, training about 2,000 students in the province.

Comments (0)
  • Read More
Vietnam's Ministry of Finance, Ministry of Planning and Investment to become one

Vietnam's Ministry of Finance, Ministry of Planning and Investment to become one

The Ministry of Finance and the Ministry of Planning and Investment will merge with each other to form a new ministry with 34 agencies, down the current total of 56.

Economy - Thu, December 12, 2024 | 9:52 am GMT+7

Vietnam's logistics heavyweight Gemadept raises $118 mln for asset purchases, debt repayment

Vietnam's logistics heavyweight Gemadept raises $118 mln for asset purchases, debt repayment

Gemadept Corporation, a leading port and logistics company in Vietnam, has successfully sold 102.7 million shares to existing shareholders at the price of VND29,000 ($1.14) apiece, raising VND2,978 billion ($117.3 million).

Companies - Thu, December 12, 2024 | 8:15 am GMT+7

Vietnam's Mekong Delta offers significant potential for biomass power generation: Erex exec 

Vietnam's Mekong Delta offers significant potential for biomass power generation: Erex exec 

The Mekong Delta region's abundance of straw and rice husks provides an affordable and sustainable resource for biomass power generation, says Tomoki Kakuta, CEO of Erex Group.

Energy - Wed, December 11, 2024 | 11:23 pm GMT+7

Indonesia to reduce corn, salt, sugar imports in 2025

Indonesia to reduce corn, salt, sugar imports in 2025

Indonesia will slash corn, salt, sugar import quotas for 2025 as part of its efforts to make domestic industries use more domestic products.

Southeast Asia - Wed, December 11, 2024 | 11:02 pm GMT+7

Vietnam a promising market for supply chain diversification, risk mitigation: German association AHK

Vietnam a promising market for supply chain diversification, risk mitigation: German association AHK

German businesses see significant growth potential in Vietnam's promising market, especially when the country’s focus on renewable energy and sustainability aligns with Germany’s strengths in green technologies.

Economy - Wed, December 11, 2024 | 5:57 pm GMT+7

Philippines expected to import record rice volume

Philippines expected to import record rice volume

Despite record production and ample stocks, the Philippines is expected to import a record volume of rice in the 2024-2025 crop year, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.

Southeast Asia - Wed, December 11, 2024 | 4:23 pm GMT+7

Vietnam's auto sales up 17% to 308,544 in Jan-Nov

Vietnam's auto sales up 17% to 308,544 in Jan-Nov

Members of the Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 308,544 units in the first 11 months of 2024, up 17% year-on-year.

Companies - Wed, December 11, 2024 | 3:46 pm GMT+7

Indonesia's economic growth projected below 5.2%

Indonesia's economic growth projected below 5.2%

Indonesia’s Finance Minister Sri Mulyani Indrawati has forecast a growth rate of 5.01% for the country’s economy in the fourth quarter of 2024.

Southeast Asia - Wed, December 11, 2024 | 3:37 pm GMT+7

Bamboo Capital, Foxlink, Micro Electricity partner to establish comprehensive renewable energy ecosystem in ASEAN

Bamboo Capital, Foxlink, Micro Electricity partner to establish comprehensive renewable energy ecosystem in ASEAN

Vietnam's Bamboo Capital Group and Taiwanese firms Foxlink and Micro Electricity on Monday signed a strategic cooperation agreement to advance renewable energy technologies and solutions.

Bamboo Capital - Wed, December 11, 2024 | 3:35 pm GMT+7

Vietnamese lender OceanBank's name changed, leadership reshuffled

Vietnamese lender OceanBank's name changed, leadership reshuffled

OceanBank will have its name changed to Modern Vietnam Commercial Joint Stock Bank (MBV) from December 18, aiming to become "a sustainable, safe and modern bank".

Banking - Wed, December 11, 2024 | 2:43 pm GMT+7

Private equity to enhance Vietnam stock market quality: VinaCapital exec

Private equity to enhance Vietnam stock market quality: VinaCapital exec

Private equity plays a crucial role in boosting the quality of Vietnam's stock market, especially after its anticipated status upgrade, says Nguyen Thi Dieu Phuong, deputy CEO of fund manager VinaCapital.

Economy - Wed, December 11, 2024 | 12:10 pm GMT+7

Japan valve producer Kitz launches $25 mln factory in Vietnam

Japan valve producer Kitz launches $25 mln factory in Vietnam

Japan’s valve producer Kitz on Tuesday inaugurated a $25 million factory in the northern province of Vinh Phuc, its first plant in Vietnam.

Industries - Wed, December 11, 2024 | 11:39 am GMT+7

Propery sales in HCMC double in Nov on slight supply hike

Propery sales in HCMC double in Nov on slight supply hike

Primary property sales in Ho Chi Minh City, Vietnam’s southern metropolis, reached 2,022 units in November, double that of the same month last year, according to a report by DKRA Consulting.

Real Estate - Wed, December 11, 2024 | 11:28 am GMT+7

ADB raises Vietnam GDP growth prediction to 6.4% in 2024, 6.6% in 2025

ADB raises Vietnam GDP growth prediction to 6.4% in 2024, 6.6% in 2025

The Asian Development Bank (ADB) has revised up Vietnam’s GDP growth to 6.4% in 2024 and 6.6% in 2025, according to the December edition of its Asian Development Outlook (ADO).

Economy - Wed, December 11, 2024 | 9:37 am GMT+7

Vietnam increasingly important to US semiconductor industry: exec

Vietnam increasingly important to US semiconductor industry: exec

Vietnam is becoming increasingly important to the U.S. semiconductor industry and plays a crucial role in the strategy of the U.S. Semiconductor Industry Association's (SIA) member companies, says the association’s chairman John Neuffer.

Economy - Wed, December 11, 2024 | 8:51 am GMT+7

Vietnam an extremely attractive investment destination: KKR

Vietnam an extremely attractive investment destination: KKR

David Petraeus, a partner at leading global investment firm KKR, says political stability, rapidly improving infrastructure, and friendly relations with other countries make Vietnam an extremely attractive investment destination.

Economy - Wed, December 11, 2024 | 8:20 am GMT+7