Two cutting-edge AI research centres, namely Vietnam Research and Development Centre and AI Data Centre, will be established under the partnership between Vietnam and US tech giant NVIDIA, making a significant milestone in the country’s technological transformation.

The Vietnam Chamber of Commerce and Industry (VCCI) has proposed increasing the support for research and development (R&D) costs to over 50% for foreign direct investment (FDI) businesses, it said in policy feedback requested by the Ministry of Planning and Investment.

Vietnam needs to outline rational policies to promote intrinsic strength of businesses with a view to boosting socio-economic development, experts said on the sidelines of the Vietnam Socio-economic Forum held in Hanoi on September 19.

An IT park covering an area of about 274 hectares will be built in the northern province of Bac Ninh, according to a decision by the provincial People’s Committee.

Hanoi has set a target of having 900 businesses operating in supporting industries this year, with 300 eligible to join global production networks of multinational groups in Vietnam.

Truong Hai Auto Joint Stock Company (Thaco), and French automotive manufacturer Peugeot recently announced their strategic cooperation in motorcycle manufacturing for domestic distribution and export.

The world's leading mobile phone manufacturer Apple Inc. plans to invest up to 1 billion USD to build an Asia-focused database center in Vietnam, according to local media.