Vietnam is planning to determine a national synthetic intelligence (AI) development fund, with the State funds funding no less than VND30,000 billion ($1.14 billion), based on the Ministry of Science and Technology’s draft decree for the fund.
According to the draft, the fund will function as a non-profit state monetary entity with an preliminary funding of VND1,000 billion. The fund will function in order that its funding will stay no less than VND1,000 billion at first of any fiscal 12 months. In addition to public funding, the fund will mobilize voluntary contributions, donations, and non-refundable support from home and worldwide organizations and people, and different sources.
The Ministry of Science and Technology mentioned comparable funds of the EU can mobilize €200 billion, China with $8.2 billion, Canada with $2.4 billion, and the United States with $10.6 billion.
The fund is designed to distribute capital via a mixture of non-refundable grants, partial monetary assist, and public funding. Grants will cowl as much as 70 p.c of venture prices, specializing in analysis and development of core AI applied sciences resembling giant language fashions and semiconductor chips. Support applications will present as much as 50 p.c of initiatives associated to information infrastructure, personnel coaching, and commercialization. The fund will even make investments immediately in shared infrastructure resembling sandbox, information facilities, and supercomputing methods, although these investments is not going to be profit-driven.
The fund will settle for “losses” resembling failure to achieve the targets or inabilities to recuperate the investments, so long as the initiatives are carried out according to the authorized framework.
The ministry plans to submit the draft to the federal government for checking and issuance in 2026.
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