# Vietnam plans $1.14 billion national AI development fund

> Vietnam's Ministry of Science and Technology is drafting a decree to create a $1.14 billion national AI fund. Grants will cover up to 70% of R&D costs for projects including large language models and chips.

- Type: AI news
- Page: https://completeaitraining.com/news/vietnam-plans-114-billion-national-ai-development-fund/
- Published: 2026-04-16
- Updated: 2026-09-19
- Author: Jeroen Erne
- Jobs: IT and development
- Reading time: 1 min

### Vietnam Launches $1.14 Billion AI Development Fund

Vietnam's Ministry of Science and Technology has drafted a decree to establish a national AI development fund with initial state budget allocation of at least 30 trillion Vietnamese dong ($1.14 billion). The fund will operate as a non-profit entity, with a minimum balance of 1 trillion dong maintained at the start of each fiscal year.

The fund will accept money beyond government sources. It will mobilize voluntary contributions, donations, and non-refundable aid from domestic and international organizations and individuals.

#### How the Money Gets Distributed

The fund uses three distribution mechanisms. Non-refundable grants will cover up to 70 percent of project costs, targeting research and development of core [AI technologies including large language models and semiconductor chips](https://completeaitraining.com/tag/generative-ai-and-llm/).

Partial financial support covers up to 50 percent of costs for projects focused on data infrastructure, personnel training, and commercialization. The fund will also make direct investments in shared infrastructure-sandboxes, data centers, and supercomputing systems-without expecting profits.

The fund will absorb losses if projects fail to meet targets or cannot recover investments, provided the work follows legal requirements.

#### Where It Stands Against Global Peers

Vietnam's fund size places it in a middle tier globally. The EU mobilizes €200 billion for AI initiatives, the United States allocates $10.6 billion, China commits $8.2 billion, and Canada dedicates $2.4 billion. Vietnam's fund falls below these figures but represents a substantial commitment for the country.

The ministry plans to submit the draft decree to the government for approval in 2026.

[IT and development professionals](https://completeaitraining.com/tag/it-and-development/) should track this fund's rollout, as it will likely create opportunities for infrastructure projects, AI model development, and training programs targeting local talent.

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