Funding
| National Data Development Fund: VND 1T initial state capital for broad data developmentGovernment |
|---|
| Economy-wide proposed AI and data-centre investments; no programme aggregatePrivate |
The National Data Development Fund has VND 1T in initial state capital for data technologies and services, including AI. A dated exchange-rate source has not been established for a USD conversion.
The programme
The science ministry reported Viettel’s system entering operation in February 2026; FPT’s $200M AI Factory investment plan dates to April 2024. Decree 160/2025 established the National Data Development Fund with VND 1T in initial state capital for data technologies and services, including AI. A proposed National AI Development Fund is a different institution. Reports of more than $7B in proposed AI and data-centre investments describe the wider market, without a common programme budget.
Money on record
The government’s documents state no budget for the programme.
Chips and rules
- US export rules
- Vietnam is in Country Group D:1, where exporting advanced AI chips needs a licence from the US Bureau of Industry and Security (BIS).Electronic Code of Federal Regulations, 29 Oct 2026
- Scrutica’s rating
- Scrutica rates the programme’s dependence on NVIDIA hardware and on US technology high, on a scale of none, low, medium and high.A qualitative assessment of the programme’s chips, partners and supplier relationships, as none, low, medium or high
Partners
2 partners by procurement stage and 3 more named in the programme’s sources.
- In service, 2
- Viettel Group, FPT Corporation
- Named in sources
- NVIDIA, Ministry of Science and Technology, Vietnam National Innovation Center
Related pages
Sources
12 sources
- Vietnam’s investment ministry announcement of its December 2024 NVIDIA research-centre partnership.: https://www.mpi.gov.vn/en/Pages/2024-12-9/Vietnam-partner-with-NVIDIA-to-establish-an-AI-Resv6lq3b.aspx
- FPT’s July 16, 2025 discussion of its AI Factory business and $200M investment plan.: https://fptcloud.com/en/fpt-ai-factory-200-million-bold-bet-on-sovereign-ai/
- NVIDIA’s September 25, 2025 account of Vietnamese AI infrastructure, including FPT’s H100/H200 services.: https://blogs.nvidia.com/blog/ai-day-ho-chi-minh-city/
- Official Decree 160/2025/NĐ-CP, June 29, 2025: data-development fund mandate (Articles 3–4) and VND 1T initial state capital (Article 8).: https://congbao.chinhphu.vn/van-ban/nghi-dinh-so-160-2025-nd-cp-45315/57222.htm
- Science ministry’s February 9, 2026 report on Viettel’s DGX B200 system entering operation at Hoa Lac; 1.5 EFLOPS stated at FP8.: https://mst.gov.vn/van-hanh-he-thong-sieu-may-tinh-nvidia-dgx-b200-dau-tien-do-viet-nam-so-huu-197260209085410804.htm
- FPT’s April 23, 2024 announcement of a $200M AI Factory investment plan with NVIDIA.: https://fpt.com/en/news/fpt-to-shape-the-future-of-ai-and-cloud-on-a-global-scale-in-collaboration-with-nvidia
- FPT’s March 25, 2026 announcement of planned HGX B300 availability alongside existing H100/H200 services.: https://factory.fpt.ai/news/fpt-ai-factory-accelerates-ai-reasoning-capabilities-across-southeast-asia-and-japan-with-nvidia
- NVIDIA’s December 5, 2024 announcement of a Vietnam R&D centre focused on AI software.: https://nvidianews.nvidia.com/news/nvidia-to-open-vietnam-r-d-center-to-bolster-ai-development
- Lexology legal analysis of Vietnam’s AI legislation.: https://www.lexology.com/library/detail.aspx?g=b8c22aba-ceee-4aca-a19a-2e59db720989
- VietnamPlus reporting on the proposed National AI Development Fund, distinct from the existing data-development fund.: https://en.vietnamplus.vn/vietnam-to-establish-national-ai-development-fund-post338685.vnp
- VietnamPlus’s March 19, 2026 report of 22 operating DGX B200 systems at Viettel.: https://en.vietnamplus.vn/viettel-partners-with-nvidia-to-build-sovereign-ai-ecosystem-post339518.vnp
- TNGlobal’s July 20, 2026 report on BMI’s aggregate of proposed AI and data-centre investments in Vietnam.: https://technode.global/2026/07/20/vietnam-emerges-as-seas-next-data-center-contender-amid-regional-capacity-shift-bmi/
Data
How the figures were made
Announcement recorded. No commitment or disbursement recorded. The stage is assigned from reported hardware status, disbursements and commitments.
Other caveats on this record, 4
- The separately proposed National AI Development Fund has no amount in the cited VietnamPlus report.
- TNGlobal’s July 2026 report attributes the more-than-$7B figure to BMI’s aggregate of announced and proposed AI and data-centre investments. It is not a government allocation or a programme total.
- VietnamPlus reports 22 DGX B200 systems at Viettel. This is a system count; the record does not convert it into an inferred GPU count.
- FPT’s March 2026 announcement describes HGX B300 as a forthcoming service. The operating H100/H200 services and proposed B300 expansion have different delivery stages.
Identifiers
- Scrutica ID
- sovereign-vn
- Country code
- VN
- Name in the record
- Vietnam: National AI Strategy & NVIDIA Partnership