Nvidia has sharply raised the capital of its Vietnamese arm, reinforcing its plans to anchor more supply chain and manufacturing-related operations in the country.

A recent corporate filing shows Nvidia Vietnam Co. Ltd., fully owned by Nvidia International Inc., increased its charter capital to 28.2 billion dong ( US$1.1 million ), up from just US$100,000 when the unit was established in May 2024.

Headquartered in downtown Ho Chi Minh City, Vietnam’s southern economic hub, Nvidia Vietnam is licensed to provide consulting, design, analysis, and maintenance services in software and systems.

Its office is inside the Saigon Tower, opposite to the US Consulate General. The Vietnam unit is headed by chairman and director Mark Steven Hoose, with deputy director Vo Huu Tu, a Vietnamese citizen, also serving as legal representative.

The 11-fold capital boost adds weight to Nvidia’s strategy of embedding Vietnam more deeply into its global supply network. Nvidia’s co-founder and CEO Jensen Huang has often pointed to the Southeast Asian country’s education system, STEM talent, and family values as reasons why he views Vietnam as his corporation’s “second home”.

Nvidia has already outlined an ambitious plan to channel between US$4 billion and US$4.5 billion into Vietnam over the next four years, part of which involves relocating parts of its production and supply chain. The Santa Clara, California-headquartered technology corporation expects this commitment to generate around 4,000 direct jobs and as many as 40,000–50,000 indirect jobs in Vietnam, creating ripple effects across supporting industries.

At the same time, Nvidia is building an ecosystem around artificial intelligence in Vietnam. In April, it partnered with Vietnam’s leading technology corporation FPT to develop an AI factory, after acquiring Vingroup’s healthcare AI unit VinBrain last December. Both Vingroup – Vietnam’s largest private conglomerate – and Nvidia did not reveal details of the acquisition.

Along with the deal, Nvidia signed an agreement with the Vietnamese government to set up an AI research centre and national data hub, which are expected to turn the country into an Asian hub in this sector.

These moves underline Vietnam’s rising profile in both supply chain realignment and advanced technology development, positioning the nation as one of Nvidia’s important growth markets outside the US.