Vietnam has launched a new National Data Development Fund with an initial capital of VNĐ1 trillion (US $38.4 billion), aiming to accelerate the country’s digital transformation and enhance its data infrastructure, according to Vietnam News.
Established under Decree No.160/2025/NĐ-CP, the fund is a non-budget state financial entity administered by the Ministry of Public Security. While not profit-driven, the fund will operate independently with accounts at the State Treasury and commercial banks across Vietnam.
The fund’s scope covers a broad array of emerging technologies, including artificial intelligence, big data, machine learning, cloud computing, blockchain, and Internet of Things (IoT) infrastructure. It is designed to serve state management, national defense and security, public welfare, and broader socio-economic development goals.
One of its key priorities is to promote digital equity by focusing on rural, mountainous, and economically disadvantaged regions. Resources will also be directed toward scientific research, technological innovation, and building a domestic and international network of experts and data-related organizations.
In addition to state funding, the fund will receive support from interest income, deposits, sponsorships, donations, and other legal sources. It will also be able to manage trust funds and receive both monetary and non-monetary contributions, including assets and services, under detailed regulations laid out in the decree.
Support from the fund may include financing the development of critical data systems, core digital infrastructure, and information systems related to national security, defense, and foreign affairs.
Vietnam’s move reflects a growing trend in Southeast Asia to prioritize data governance and digital development as essential components of economic growth and public sector modernization.
The launch of the fund marks a significant step in Vietnam’s long-term strategy to establish itself as a regional leader in digital infrastructure and technological innovation.
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