Nvidia acquires AI unit of Vietnamese private giant Vingroup
U.S. chip and AI giant Nvidia has acquired VinBrain, an AI developer under Vietnamese private conglomerate Vingroup.
Jensen Huang, president and CEO of Nvidia, confirmed the move at a meeting with the Vietnamese government on Thursday.
Nvidia founder, president and CEO Jensen Huang. Photo courtesy of the Vietnamese government's news portal.
Similarly, on its website, VinBrain confirmed the acquisition, saying that “VinBrain was acquired by Nvidia Corporation of Santa Clara, CA in December 2024 and is no longer an independent corporate entity.”
Other details of the acquisition were unknown.
The interface of VinBrain as of the morning of December 6, 2024. Photo courtesy of VinBrain.
Jensen Huang highlighted AI developments of Vietnam should be processed, built, and operated in Vietnam to assist citizens and the industry. Nvidia is lucky to cooperate with Vingroup and VinBrain, an “extraordinary” AI start-up in Vietnam.
“With VinBrain, we now have the starting point of a major future design center and today is the first day. I am very happy. Today is the birthday of Nvidia Vietnam,” Huang said.
As of end-September, Vingroup had invested over $126 million in VinBrain and held a 49.7% stake. VinBrain focuses on utilizing AI and Internet of Things (IoT) in healthcare.
Nvidia and the Vietnamese government on Thursday signed a deal to jointly set up an AI R&D center and an AI data center in Vietnam, which are expected to turn the country into a hub of Asia in this field.
The facilities will be foundations to help Nvidia and its Vietnamese partners deploy advanced AI, the government's news portal reported.
At the signing ceremony in Hanoi, Prime Minister Pham Minh Chinh called the deal "an important milestone demonstrating CEO Jensen Huang’s strong determination and commitment to turning Vietnam into Nvidia's second home".
- Related News
- Read More
Work on HCMC’s Ring Road 4 set to commence in 2025
The National Assembly, Vietnam's legislature, on Friday gave in-principle approval to the Ring Road 4 project in Ho Chi Minh City, with 99.09% of members in attendance voting in favor.
Investing - Sat, June 28, 2025 | 8:26 am GMT+7
Private firms eligible to invest in trans-Vietnam high-speed railway project
The National Assembly, Vietnam's legislature, has allowed private companies to invest in the North-South high-speed railway project.
Economy - Fri, June 27, 2025 | 9:16 pm GMT+7
Vietnam legislature requests legal framework for pilot crypto asset market
The parliament has requested prompt establishment of legal frameworks to pilot a crypto asset market in Vietnam, per a resolution adopted on Friday.
Investing - Fri, June 27, 2025 | 4:12 pm GMT+7
Vietnam parliament okays establishing one international financial center in HCMC-Danang
Vietnam will build one international financial center located in both Ho Chi Minh City and Danang, in which initiatives like digital assets and sandboxes will be tested under control, according to a newly-approved parliament resolution.
Economy - Fri, June 27, 2025 | 3:44 pm GMT+7
Businesses that want to survive must invest in quality governance: Sunhouse exec
Vietnam is enjoying a huge advantage from the “China+1” wave given the U.S.-China trade war. The country is an alternative destination for many large corporations. No other country has the speed of building factories and growing exports as fast as Vietnam, says Nguyen Xuan Phu, chairman of Sunhouse, a leading home appliance manufacturer.
Executive Talk - Fri, June 27, 2025 | 1:50 pm GMT+7
Vietnam's consumer finance major F88 to trade on UPCoM in Q3
F88 Investment JSC (F88), a leading consumer finance firm in Vietnam, will register its shares on the Unlisted Public Companies Market (UPCoM) in the third quarter of this year, said its leadership on Thursday.
Companies - Fri, June 27, 2025 | 11:37 am GMT+7
Chinese infrastructure, aviation giants wish to expand investment in Vietnam
China Pacific Construction Group (CPCG) and Commercial Aircraft Corporation of China, Ltd. (COMAC) expressed their intention to expand operations in Vietnam while meeting with Prime Minister Pham Minh Chinh in Tianjin on Thursday.
Economy - Fri, June 27, 2025 | 11:19 am GMT+7
Viconship leaders join board of directors at Vietnam’s largest container fleet operator Hai An
Hai An Transport and Stevedoring JSC's board of directors for the 2023-2028 term on Thursday received two new members - chairman Nguyen Xuan Dung and CEO Ta Cong Thong of Viconship, a leading seaport operator and service provider in Vietnam.
Companies - Fri, June 27, 2025 | 8:36 am GMT+7
Indonesia launches 1st health special economic zone in Bali
Indonesian President Prabowo Subianto on Wednesday emphasized that Sanur Health Special Economic Zone (SEZ) is a breakthrough, marking the first time the country has established an SEZ specializing in the health sector.
Southeast Asia - Fri, June 27, 2025 | 12:00 am GMT+7
Indonesia begins $6 bln EV battery project
Indonesia is scheduled to break ground on an integrated electric vehicle (EV) battery project in East Halmahera, North Maluku, on June 29, as part of efforts to realize its commitment to reducing greenhouse gas emissions and protecting the environment.
Southeast Asia - Thu, June 26, 2025 | 11:57 pm GMT+7
Indonesia seeks cooperation in oil & gas, nuclear energy with Russia
Indonesia is seeking to strengthen energy cooperation with Russia and accelerate its nuclear energy development plan as part of a long-term energy security strategy amidst rising geopolitical tensions.
Southeast Asia - Thu, June 26, 2025 | 11:54 pm GMT+7
Vietnam’s Eximbank moves headquarters to Hanoi
The State Bank of Vietnam (SBV), the country's central bank, on Tuesday okayed Eximbank's (HoSE: EIB) plan to move its headquarters from Ho Chi Minh City to Hanoi.
Banking - Thu, June 26, 2025 | 10:00 pm GMT+7
KFC dominates F&B brand rankings in Vietnam for 3rd running year
American fast food chain KFC, for third year in a row, has won the top spot in the Best F&B Rankings 2025 compiled by market research company Decision Lab.
Companies - Thu, June 26, 2025 | 6:22 pm GMT+7
Vietnamese consumers spend $16 bln on online platforms in 2024: report
Vietnam’s total gross merchandise value (GMV) on four major e-commerce platforms - Shopee, Lazada, TikTok Shop, and Tiki - reached $16 billion in 2024, a 15.9% increase compared to 2023.
Economy - Thu, June 26, 2025 | 5:11 pm GMT+7
Greenity consortium wins bid for $57.43 mln waste-to-energy plant in central Vietnam
A Hanoi-based energy consortium named Greenity has won a bid to develop the Long My domestic solid waste treatment plant project using waste-to-energy technology in the south-central province of Binh Dinh.
Companies - Thu, June 26, 2025 | 4:54 pm GMT+7
Vietnam Airlines plans launch of cargo carrier next year, fleet expansion
National flag carrier Vietnam Airlines (HoSE: HVN) plans to launch a dedicated cargo airline in 2026, using its existing Airbus A321 fleet, general director Le Hong Ha announced at the company’s 2025 AGM held on Wednesday.
Companies - Thu, June 26, 2025 | 4:43 pm GMT+7
