FPT consortium kicks off urban area-AI center project in central Vietnam
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.
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.
- Read More
Thailand urges five industries to adapt to new challenges
The Thai Ministry of Industry has asked manufacturers in five industries, including automobile manufacturing, electronics, electrical appliances, steel and garment, to take more serious efforts to adapt to projected US trade policies, the influx of low-cost imports into the Thai market, and disruptive technology.
Southeast Asia - Sun, January 5, 2025 | 9:07 pm GMT+7
Southeast Asian economies face ‘hard challenges’ in 2025
The year 2025 is set to be a challenging year for Southeast Asian countries that are looking to boost their economic growth as the world faces economic slowdown, geopolitical tensions, and trade fragmentation, particularly new tariffs by the U.S.
Southeast Asia - Sun, January 5, 2025 | 9:00 pm GMT+7
Malaysia's renewable energy sector sees bright prospects
Malaysia's renewable energy sector is expected to witness robust growth, driven by government initiatives and forthcoming investments, according to financial services company Philip Capital.
Southeast Asia - Sun, January 5, 2025 | 8:21 pm GMT+7
Singapore to build most efficient hydrogen-compatible natural gas power plant
The Energy Market Authority (EMA) of Singapore on Friday announced the awarding of a contract to electricity generator PacificLight Power to build a hydrogen-compatible natural gas power plant on Jurong island.
Southeast Asia - Sun, January 5, 2025 | 8:17 pm GMT+7
2024 marks hottest year in Indonesia’s history
Last year was recorded as the hottest year in Indonesia's history, the country's Agency for Meteorology, Climatology, and Geophysics (BMKG) reported on Friday.
Southeast Asia - Sun, January 5, 2025 | 8:16 pm GMT+7
TMT Motors stock hits ceiling for 7 consecutive sessions on deals signed with foreign partners
TMT Motors Corporation (TMT), a major player in the Vietnamese automotive sector, saw its ticker hit its ceiling price for the seventh consecutive session to VND11,200 ($0.44) per share last Friday, after the firm reached deals with foreign partners.
Companies - Sun, January 5, 2025 | 3:36 pm GMT+7
Jinko Solar Vietnam 'dumps' prices by 72% for solar cells exported to US
Jinko Solar (Vietnam) Industries, under China’s major solar module manufacturer Jinko Solar, exported its crystalline silicon photovoltaic cells (solar cells) into the United States with "a dumping margin of 71.85%".
Companies - Sun, January 5, 2025 | 2:58 pm GMT+7
Vietnamese stocks soar on partnerships with billionaire Pham Nhat Vuong
The price of many stocks in Vietnam have surged following news of strategic partnerships with electric vehicle maker VinFast, Green and Smart Mobility JSC (GSM), and other companies owned by billionaire Pham Nhat Vuong.
Finance - Sun, January 5, 2025 | 9:51 am GMT+7
Vietnam private lender ABBank appoints new general director
Hanoi-headquartered ABBank has appointed Pham Duy Hieu as its general director, starting from January 1, 2025.
Banking - Sun, January 5, 2025 | 9:00 am GMT+7
HCMC prioritizes infrastructure, innovation hubs, data centers under new master plan
Ho Chi Minh City seeks to mobilize over VND4.4 trillion ($173 million) between 2026 and 2030 to implement key infrastructure projects such as ring roads, expressways, bridges, and seaports according to its newly approved master plan, said the city mayor.
Top News - Sun, January 5, 2025 | 8:00 am GMT+7
Vietnam has sufficient conditions to develop modern financial market: Prime Minister
Vietnam possesses all the necessary conditions to develop a modern financial market, including the establishment of international and regional financial centers, Prime Minister Pham Minh Chinh said on Saturday.
Finance - Sat, January 4, 2025 | 3:17 pm GMT+7
Vietnam's industrial hub Binh Duong province okays 23 projects
Binh Duong province, a manufacturing hub in southern Vietnam, on Thursday granted investment registration certificates and in-principle approvals to 23 projects, with total registered capital exceeding $1.7 billion.
Investing - Sat, January 4, 2025 | 2:15 pm GMT+7
Herbalife Vietnam fined $8,000 for violating multi-level marketing rules
The National Competition Commission has fined Herbalife Vietnam, a U.S-invested dietary supplement company, VND205 million (over $8,000) for its violations in multi-level marketing.
Companies - Sat, January 4, 2025 | 12:35 pm GMT+7
Vietnam to abolish VAT waiver for low-value imports amid e-commerce boom
Vietnam will scrap an existing regulation that exempts low-value imported goods from value-added tax (VAT) and import taxes starting February 18.
Economy - Sat, January 4, 2025 | 11:09 am GMT+7
China’s Universal Scientific Industrial to inject additional $2.8 mln into building Vietnam plant
Mainland China-based Universal Scientific Industrial (USI), an electronics supplier under Taiwan-based ASE Technology Holding, will pour VND70 billion ($2.8 million) more into its factory construction in Vietnam.
Industries - Sat, January 4, 2025 | 10:30 am GMT+7
Vietnam telecom giant Viettel logs record profit of $2 bln in 2024
The Military Industry and Telecommunications Group (Viettel) posted a record consolidated pre-tax profit of VND51 trillion ($2.01 billion) in 2024.
Companies - Sat, January 4, 2025 | 8:00 am GMT+7