Vietnam to attract more tech investors, and additional headlines

For PropertyGuru’s real estate news roundup, we focus on technology. Vietnam expects to attract more foreign direct investment (FDI) by establishing an investment support fund offering incentives to large tech firms. In other news, to meet the exponential demand, the global data centre industry will need to grow at a phenomenal pace in 2025. Lastly, Chinese startup DeepSeek has rattled U.S. markets with its latest artificial intelligence model, sparking fresh concerns over China’s AI capabilities.

Vietnam establishes investment support fund to attract more major tech investors

Vietnam expects to attract more foreign direct investment (FDI) by establishing an investment support fund offering incentives to large tech firms. The Vietnamese Government has signed a decree to establish the fund, expecting to attract major investors with subsidies which it hopes will be particularly attractive to the foreign tech sector. VietnamPlus reports that on 31st December 2024, Decree No 182/2024/ND-CP on the establishment, management and usage of the Investment Support Fund was officially issued by the Government. The Decree establishes the framework for the fund, providing cash grants and subsidies to companies which qualify. Under the decree, the qualification criteria for project eligibility have been meticulously defined, ensuring alignment with economic development priorities.

Global data centre demand surges despite supply and power constraints – JLL

Artificial intelligence applications rapidly expand across industries, and the global data centre industry plays a critical role in AI adoption and advancement. To meet the exponential data centre demand, the sector will grow at a phenomenal pace in 2025. JLL’s 2025 Global Data Center Outlook explores how AI is driving demand to develop more powerful and efficient data centre infrastructure that balances computing power and sustainability. The global data centre market will likely expand at a baseline 15 percent CAGR through 2027 – with the potential to reach 20 percent. “The pace of AI innovation is not slowing down, and the data centre industry must continue to adapt,” said Jonathan Kinsey, JLL EMEA Lead and Global Chair, Data Centre Solutions, in RETalk Asia.

Is China overtaking in AI? – report

Chinese startup DeepSeek has rattled U.S. markets with its latest artificial intelligence model, sparking fresh concerns over China’s AI capabilities despite continued U.S. restrictions on advanced chip exports, said Investing.com as reported in The Edge Malaysia. DeepSeek’s AI chatbot quickly became the most downloaded free app on Apple’s U.S. App Store within a week of its launch, surpassing OpenAI’s ChatGPT. The company’s new R1 reasoning model is said to rival OpenAI’s equivalent, while its DeepSeek V3 foundation model competes with top-tier AI systems, both open and closed source.

The Property Report editors wrote this article. For more information, email: [email protected].