Nvidia CEO to discuss semiconductor collaboration in Vietnam
Jensen Huang, president and CEO of U.S. chip giant Nvidia, will discuss potential semiconductor collaboration with the Vietnamese government and companies in Hanoi on Monday, as Vietnam seeks deeper global participation in this industry.
Huang will have a meeting with Minister of Planning and Investment Nguyen Chi Dung, representatives of several ministries, according to an invitation letter sent by the Ministry of Planning and Investment to participants.
Jensen Huang (right), president and CEO of Nvidia, welcomes Vietnamese Prime Minister Pham Minh Chinh at the Silicon Valley on September 18, 2023. Photo courtesy of the government's news portal.
Top Vietnamese technology companies such as military-run telco Viettel, VNPT, FPT, CMC, VinAI, VinBigData, and VNG will also attend the meeting.
Discussions will touch on cooperation between Nvidia and Vietnam to “promote the semiconductor industry,” and “potential collaboration between Nvidia and Vietnamese tech companies and corporations,” the invitation letter stated.
During his working visit to the Silicon Valley in September, a week after the U.S. and Vietnam upgraded their ties to a comprehensive strategic partnership, Prime Minister Pham Minh Chinh met with Huang and proposed Nvidia set up a factory in Vietnam.
In the joint statement on the relationship upgrade, the U.S. government was committed to supporting Vietnam in developing the semiconductor industry.
During his visit to Vietnam earlier this week, president and CEO of the U.S. Semiconductor Industry Association (SIA) John Neuffer said the Southeast Asian country has become an appealing destination for U.S. investors in the semiconductor industry.
Several chip giants are present in Vietnam. Intel has invested around $1.5 billion in a chip test and assembly facility in Ho Chi Minh City. U.S.-based Amkor Technology Inc., inaugurated a factory in Vietnam’s northern province of Bac Ninh in October.
South Korea’s Hana Micron has announced plans to invest $1 billion into producing semiconductors in Vietnam by 2025. The firm inaugurated its first semiconductor plant in Bac Giang province in September.
- Read More
Dragon Capital-linked funds raise holding in retailer Mobile World to 6.25%
Six funds that are related to Dragon Capital, one of the major fund management companies in Vietnam, have bought in a combined 4.66 million shares of leading Vietnamese retailer Mobile World Investment Corporation.
Companies - Sun, April 28, 2024 | 4:24 pm GMT+7
Vietnam real estate market can flourish again with shift in focus: experts
New policies, low interest rates, and projects serving real housing needs can see Vietnam’s real estate market recover by the end of 2025 and grow sustainably, experts have said.
Real Estate - Sun, April 28, 2024 | 2:50 pm GMT+7
Real estate giant DIC Corp notches biggest quarterly loss since listing
Development Investment Construction JSC (DIC Corp), among Vietnam’s top real estate developers, incurred a loss of VND117.2 billion ($4.62 million) in the first quarter of this year, marking its largest quarterly loss since floating shares in 2009.
Companies - Sun, April 28, 2024 | 2:30 pm GMT+7
Vietnam startup funding down 17% to $529 mln, 3rd in Southeast Asia
Vietnamese startups secured $529 million in total funding in 2023, a 17% decline from the previous year, according to the 2024 Vietnam innovation and tech investment report released Friday.
Investing - Sun, April 28, 2024 | 10:04 am GMT+7
Vietnam’s Eximbank elects third chairperson in three years
Ho Chi Minh City-based Eximbank has elected Nguyen Canh Anh as its chairman for the 2020-2025 term, the third one since early 2022, as the private lender manages to resettle its leadership.
Companies - Sun, April 28, 2024 | 9:38 am GMT+7
Central Vietnam province okays Swiss-invested $126 mln bamboo board factory
Vietnam’s central province of Thanh Hoa has given an in-principle nod for staBoo Thanh Hoa JSC to invest VND3,199 billion ($126 million) in a factory for manufacturing bamboo oriented strand board (bamboo OSB).
Industries - Sun, April 28, 2024 | 7:10 am GMT+7
Revisit A1 Hill: 'Mud, Blood, Flowers'
As the nation approaches the 70th anniversary of the Dien Bien Phu Victory, all eyes are turning towards the westernmost part of the Fatherland – Dien Bien, with profound gratitude.
Travel - Sun, April 28, 2024 | 12:04 am GMT+7
Vietnamese dong to slide further 1% by year-end: Bank of America
The Vietnamese dong, the local currency, is projected to weaken by an additional 1% by the year-end after sliding sharply against the U.S. dollar since the start of this year, according to Bank of America.
Banking - Sat, April 27, 2024 | 10:39 pm GMT+7
Industrial park developer Idico targets 22% profit hike, 40% cash dividend
Leading industrial park developer Idico Corporation has targeted revenues and pre-tax profit of VND8.46 trillion ($334 million) and VND2.5 trillion ($98.7 million) this year, up 13% and 22% year-on-year, respectively.
Companies - Sat, April 27, 2024 | 9:23 pm GMT+7
Indonesia’s coffee exports surpass imports
Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) reported.
Southeast Asia - Sat, April 27, 2024 | 8:53 pm GMT+7
Thai central bank intervenes to stabilise currency
The Bank of Thailand (BoT) said it has intervened in currency markets at times to ease any excessive moves in the THB, adding that the current policy rate is robust and conducive to economic recovery, reported the Bangkok Post.
Southeast Asia - Sat, April 27, 2024 | 8:52 pm GMT+7
Indonesia's first thermal power plant stops operating
Indonesia's Ministry of Maritime Affairs and Fisheries (MMAF) has held a press conference to inform about the country’s progress in the early decommissioning of the Cirebon-1 thermal power plant.
Southeast Asia - Sat, April 27, 2024 | 8:49 pm GMT+7
'Tunnel king' Deo Ca plans to invest over $3.7 bln in building roads
“Tunnel king” Deo Ca Group plans to build about 400 km of highways and ring roads with a total investment of more than VND94,000 billion ($3.7 billion) by 2030.
Companies - Sat, April 27, 2024 | 5:17 pm GMT+7
Real estate major DIC plans high-end medical centers for Vietnam expats
Real estate major DIC Corp has plans to build facilities offering advanced medical care for long-term expat residents in the central province of Thanh Hoa and the southern province of Ba Ria-Vung Tau.
Companies - Sat, April 27, 2024 | 4:40 pm GMT+7
Ponagar Temple Festival 2024 to open in Nha Trang
The Ponagar Temple Festival, a popular traditional cultural event of the ethnic Cham people, will take place on Sunday at the Ponagar Temple Relic Site in Nha Trang town, the central coastal province of Khanh Hoa.
Travel - Sat, April 27, 2024 | 3:05 pm GMT+7
Vietnam-based Boviet Solar to invest $294 mln in photovoltaics plant in US
Vietnam-based Boviet Solar Technology Co. Ltd. (Boviet Solar) will invest $294 million in a photovoltaics (PV) factory in Pitt County, North Carolina, the United States.
Energy - Sat, April 27, 2024 | 12:28 pm GMT+7
