Michael Kagan, CTO of Nvidia Corporation

Michael Kagan, chief technology officer of Nvidia Corporation declared that AI was the backbone technology of the future. This is one of the most important inventions, second only to the wheel. AI will transform and completely change human life.

The CTO said that Nvidia is investing in Vietnam by setting up an office in Hanoi and expanding the Nvidia team here. “Vietnam will be the centre of talent in AI and semiconductors in a near future,” he said.

Nvidia has great confidence in the aspirations and ambitions of the Vietnamese government. This corporation believes that its strategy is very suitable for Vietnam’s AI development strategy in the next decade. Therefore, Nvidia will realise this vision with Vietnam.

“We have also seen impressive growth, which is a result of the Vietnamese government’s forward-looking policies. We see Vietnam’s transformation as very relevant to Nvidia’s mission,” Kagan said. “We forecast the growth of this market to reach $1.5 billion in the next 10 years, which is the result of Vietnam’s effective policies.”

He saw that Vietnam possessed important capabilities such as technological acumen, a rapidly growing economy, a large and young population, and the government’s commitment to encouraging innovation.

In the future, Nvidia will carry out support initiatives on AI and semiconductor education. Nvidia is collaborating with more than 65 universities in Vietnam to integrate AI and semiconductor training programmes into schools and institutes. They also work with Vietnamese partners to create a platform to build an AI innovation ecosystem in Vietnam.

Infrastructure is also critical and essential for AI development. The Group is committed to supporting Vietnam in developing infrastructure by partnering with FPT Group. This continuous investment cooperation will enable Vietnam to become one of the largest AI and semiconductor R&D centres in the world.

“We want to become a long-term partner of Vietnam. We are here to support innovation and empower Vietnamese talent,” Kagan emphasised.

He believes this cooperation will build an infrastructure for Vietnam to master AI, data, and seize value from AI. From then, Vietnam will become an important centre in the region and rise to the top and pioneering innovation.

Truong Gia Binh, FPT Corporation’s chairman

Truong Gia Binh, FPT Corporation’s chairman said that Vietnam had one million IT engineers, half of whom are software engineers who can be moved to AI, and is proceeding with the target of one million AI experts. If this happens, Vietnam will be at the top of the list in terms of developed countries in this area.

“Many years ago, Vietnam was almost unknown on the world IT map. Today, it has become a hub for high-quality human resources. Investors can consider Vietnam as a large talent centre, where people with aspirations and a strong spirit of progress are gathered,” he said.

With the current goals, FPT commits to transforming and training AI capacity for 500,000 people. Vietnam aims to train 50,000 semiconductor engineers by 2030 and will move towards hundreds of thousands of workers in the future. In the context of global investment in training semiconductor workers, FPT has committed to training 5,000 people by the end of this decade, including 1,600 students studying semiconductors.

In the past, more than a dozen leading universities have quickly opened training programmes on AI and semiconductors. FPT has prepared a force for a new generation of experts, integrating into the global technology flow. This is a gold mine waiting for international businesses to exploit.

Moreover, the Party and state leaders have issued affirmations of Vietnam’s determination to choose innovation and sci-tech, including AI and semiconductors, as the roadmap for future development.

“We are mobilising the participation of the whole of society in digital transformation activities, and technology adoption in daily life,” Binh said.

Christopher Nguyen, CEO and founder of Aitomatic spoke about the compatibility of Vietnam’s semiconductor and AI development with global trends. “Technological autonomy is the key to the strong development of Vietnam’s digital economy,” he said.

Vietnam is aiming for a new position in the international arena, opening up strategic cooperation opportunities, creating a solid foundation for the digital transformation process, grasping and mastering technologies, and achieving the goal of rapid and sustainable development in the future. This is an important step for scientists and international partners to work with Vietnamese partners to build a new era for Vietnam’s digital economy.

Minister of Finance Nguyen Van Thang received an Airbus delegation led by Wouter van Wersch. Photo: Duc Minh

“Vietnam hopes that Airbus will continue to invest in areas of its strength such as aerospace, and cooperate with Vietnamese partners in researching and evaluating aircraft so that they can select suitable planes and conduct highly effective flights,” the minister said.

He suggested that Airbus research and invest in component manufacturing factories and participate in developing Vietnam’s aviation industrial ecosystem.

In addition, he called on the company to encourage French enterprises and Airbus partners to increase their investments in Vietnam and develop supporting industries.

The MoF leader said he hoped that Airbus will continue to promote activities with Vietnamese agencies, ministries, and sectors, especially in new areas of cooperation such as aerospace, science and technology, and aviation training.

He said Vietnam is committed to creating favourable conditions for French investors to do business effectively and sustainably in Vietnam.

Vietnamese Minister of Finance Nguyen Van Thang. Photo: Duc Minh

Speaking at the reception, Wersch thanked Thang for taking the time to meet him and for informing him about the policies and proposals for Airbus to expand in Vietnam.

Wouter van Wersch shared Airbus’ industry development strategy. Photo: Duc Minh

Wouter van Wersch shared Airbus’ industry development strategy with the minister, and solutions for developing space technology in Vietnam, especially Earth observation satellites and low-orbit satellites, and solutions for developing helicopter production in Vietnam.

The minister wished the group further success, contributing to technology transformation, digital transformation, and diversification of global supply chains with Vietnam.

Photo: Duc Minh

The two companies will also collaborate on strategic initiatives, including enhancing the support of ground and cargo handling services across VNA’s international network.

Long Thanh International Airport, located 35 km from Ho Chi Minh City in Dong Nai province, is being constructed to alleviate congestion at Tan Son Nhat International Airport.

The airport is due to launch operations in phases, with Phase 1 expected to commence operations by the second half of 2026. It will have the capacity to handle up to 25 million passengers and 1.2 million tonnes of cargo annually, and it will eventually expand to its full capacity of 100 million passengers and five million tonnes of cargo by 2050.

The collaboration will combine SATS air logistics expertise and global network with VNA’s plans to launch Vietnam’s first all-freighter airline, positioning both companies as pivotal contributors to the country’s growing airfreight and logistics sector.

The MoU seeks to expand the existing cooperation between the two organisations in ground and cargo handling services across VNA’s international network. This includes efforts to co-develop customised airfreight and logistics solutions, such as trucking and middle mile services, through SATS and its strategic alliances.

By sharing best practices, productivity indicators, and innovative technologies, SATS and VNA aim to improve operational efficiency and service quality across these stations.

This strategic partnership underscores SATS’ pivotal role in expanding VNA cargo handling capabilities and driving profitability for both companies.

“We are pleased to formalise this MoU with Vietnam Airlines JSC, as it strongly aligns with our strategic objectives and reflects our dedication to achieving mutual goals. This partnership offers significant growth potential as we jointly explore new opportunities in global markets. At SATS, we bring extensive expertise and experience to the table, ensuring the provision of efficient cargo terminal and ground handling services at Vietnam’s newest airport,” said Kerry Mok, CEO of SATS.