G42, the Abu Dhabi-based technology holding group, and a consortium comprising the FPT Corporation and the Viet Thai Group, have signed a framework cooperation agreement to develop $1 billion sovereign artificial intelligence (AI) capabilities and cloud infrastructure across Vietnam.
The duo said in a statement on Monday that the initiative aims to support Vietnam’s ambition to become an AI-native society and a leading AI hub in Southeast Asia, while ensuring national data sovereignty and digital resilience.
The agreement, 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.
The partners commend the Government of Vietnam for its forward-thinking approach in advancing regulatory frameworks that enable hyperscale data center deployment and public cloud adoption, positioning Vietnam as a regional leader in AI infrastructure development.
Backed by consumption commitments of up to $1 billion, the partnership represents a significant milestone in Vietnam’s and the region’s digital transformation journey.
Under the agreement, the consortium and G42 will deploy significant cloud capacity across three data center locations in Vietnam, delivering high-performance AI and cloud services to support public and private sector workloads.
The initiative aligns with G42’s broader mission to build a global and inclusive Intelligence Grid, interconnecting advanced AI infrastructure, cloud platforms, and governance frameworks to enable AI capabilities on demand, while respecting national sovereignty.
Through this infrastructure, Vietnam will gain the technical foundation to develop national AI initiatives across both public and private sectors, digitizing services and deploying AI-powered solutions tailored to national priorities.
It is noted that the consortium and G42 bring together complementary strengths essential for national-scale deployment.
The FPT Corporation, Vietnam’s largest information technology services company with operations across 30+ countries, provides deep technical expertise and local market knowledge.
The Viet Thai Group, a leading consumer-focused group with portfolio companies spanning coffee, foodservice, retail, and logistics, contributes strategic capabilities and cross-sector insights.
G42, the Abu Dhabi-based artificial intelligence holding group, brings advanced AI infrastructure capabilities.
“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.
“We are grateful to the Government of Vietnam for their visionary leadership and to our partners, the FPT Corporation and the Viet Thai Group for their commitment to building infrastructure that enables Vietnam to harness AI’s full potential while maintaining data sovereignty and digital independence,” he added.
Dr. Truong Gia Binh, Chairman, FPT Corporation, said 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,
“The leaders have shown strong commitment, built mutual trust, and now it is time to turn those commitments into real implementation,” he added.
David Thai, Chairman and Chief Executive Officer, Viet Thai Group, said 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,” he added.
Beyond infrastructure development, the partnership includes plans for national AI skilling and workforce development programs designed to support AI adoption across government, industry, and academia.
Following the signing of the framework agreement, the consortium and G42 will advance to the next phase of execution, including finalizing workload distribution between public and private sectors, securing regulatory approvals for public cloud adoption, and commencing site development for data center infrastructure.
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, said the statement.
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