Abu Dhabi-based technology group, G42 and Vietnam-based firms, the FPT Corporation and the Viet Thai Group, have yesterday signed a Framework Cooperation Agreement to deploy AI and cloud capacity across three data center locations in Vietnam, according to a G42 press release.
Following this, the parties will proceed to finalize the workload distribution between public and private sectors, secure regulatory approvals for public cloud adoption, and commence construction of the data centers. Details of the data centers are scant however.
The initiative is expected to generate significant economic impact through direct infrastructure investment, job creation, and positioning Vietnam as a strategic technology hub for the region. Vietnam will gain technical AI knowhow while aligning with G42’s mission to build a global and inclusive Intelligence Grid, interconnecting advanced AI infrastructure, and governance frameworks.
Backed by consumption commitments of up to US$1 billion, the agreement which was signed in Ho Chi Minh City, formalizes a comprehensive partnership, and establishes the legal, financial, and regulatory framework required to advance deployment across the country.
“This Framework Agreement represents a new model for national AI transformation – one built on sovereignty, partnership, and purpose,” said Ali Al Amine, Chief Commercial Officer, G42 International.
“Vietnam clearly understands that it cannot move forward alone. In areas such as semiconductors, AI, cloud computing, big data, and cybersecurity, we need strategic alliances with partners we can rely on and trust,” said Dr. Truong Gia Binh, Chairman, FPT Corporation.
“This initiative positions Vietnam at the forefront of AI-driven economic development in Asia, supporting economic development and the growth of the middle class in Vietnam. Our partnership with G42 and FPT creates the infrastructure foundation for long-term growth and innovation across multiple sectors,” said David Thai, Chairman & CEO, Viet Thai Group.
The FPT Corporation is Vietnam’s largest information technology services company with operations across 30+ countries, while The Viet Thai Group, is a consumer-focused group with portfolio companies spanning coffee, foodservice, retail, and logistics. G42 brings advanced AI infrastructure capabilities.