10/05/2023AI has the potential to completely transform economies. In terms of both development and application, Vietnam is well-positioned to benefit and become a leader. In this article, Innovature BPO will look at Artificial Intelligence in Vietnam, discuss how AI is affecting Vietnam, and present some particular use cases for AI.
Is Vietnam Prepared for AI Development?
A country’s or territory’s readiness for AI technology is assessed using three pillars: governance, technology, and data infrastructure.
According to the Ministry of Information and Communication’s 2019 report, Vietnam has over 30,000 ICT enterprises of various sizes, roughly 955,000 IT workers, and over 80,000 university and college graduates with majors in information and communications technology. Furthermore, Vietnam has quickly risen to become the new IT hub in Southeast Asia, as well as one of the world’s favored destinations for IT outsourcing services. Because of the country’s open economic environment and vast labor pool, AI applications in numerous areas have made great development.
Despite the fact that Vietnam has trailed behind in the battle for AI, it is worth mentioning that this Southeast Asian country is investing heavily in digital transformation in order to catch up and obtain a competitive advantage.
The Foundation of Government
Vietnam has established a number of AI Centers of Excellence at universities and research institutions to promote the advancement of AI technology. The centers support and resource researchers while also collaborating with industry partners to develop Artificial Intelligence in Vietnam solutions for a variety of industries. AI has the ability to significantly alter the way businesses are conducted and to promote economic growth.
Despite the fact that Vietnam has trailed behind in the battle for AI, it is worth mentioning that this Southeast Asian country is investing heavily in digital transformation in order to catch up and obtain a competitive advantage.
The Technology Pillar
At this point, Vietnam’s Minister of Planning and Investment stated that the ministry had established a digital ecosystem for innovation and new technologies and proposed a national innovation center to support technological breakthroughs and facilitate Vietnamese entrepreneurs’ creative ideas.
The Infrastructure and Data Pillar
As a result, the country has prioritized the construction, maintenance, and development of data infrastructure in the long run in order to expedite the economic development of AI technology while also facilitating the efficiency and effectiveness of AI research development and application.
Vietnam’s AI readiness score for data infrastructure reached 51.87, representing a significant step forward in the journey toward full-scale Artificial Intelligence In Vietnam deployment in the near future.
Challenges Artificial Intelligence In Vietnam
On the limited side, typically, financing and human resources are the most significant impediments to the development of Artificial Intelligence in Vietnam route.
Funding
AI technology necessitates significant expenditures in order to create applications with the greatest efficiency and productivity. As a result, the Vietnamese government must urgently commit adequate resources for AI research.
AI Experts are in short supply
Vietnam, like most “rookies” entering the AI race, lacks human resources specializing in this technology. Despite the fact that Vietnam has a significant edge over other nations in the area and throughout the world in terms of IT labor force, the country does not yet have a large pool of AI experts, which will make staffing for local AI projects problematic. Over 1,600 Vietnamese are actively studying and working in AI-related sectors, according to World Intellectual Property Organization (WIPO) indices.
So, does Artificial Intelligence In Vietnam have the potential for development? We have reason to believe that Vietnam has all the right ingredients to soon establish itself as an AI hub thanks to the government’s dedication to and support of the sector. The potential for Vietnam to lead the digital revolution using AI is limitless if it maintains its existing dedication and efforts.
Source: Innovature BPO
