Despite impacts caused by the COVID-19 pandemic, foreign direct investment (FDI) is still being poured into Vietnam, contributing importantly to turning the country into a new production hub of the world. Statistics from the Ministry of Planning and Investment (MPI) show that from January 2018 to April 20, 2023, the registered FDI in Vietnam totaled 180 billion USD, equaling 40.3% of the accumulated investment capital over the last 35 years. Vietnam is becoming a new production centre. According to Minister of Planning and Investment Nguyen Chi Dung, more and more multinationals and big investors have continuously invested in Vietnam. Dozens of research and development (R&D) centres, innovation hubs, and technology incubators have been established, making it easier for domestic firms, especially small- and medium-sized enterprises, to connect with foreign businesses, they noted. Source: VietnamPlus 

Vietnam becomes global production centre thanks to boom of foreign investment

SAS has partnered with TMA Solutions to drive adoption of artificial intelligence (AI) and data analytics in Vietnam, underpinned by enterprise-level consultation services. Operating as a local consulting and training partner, TMA is tasked with delivering solution-based and design consulting across the country, in addition to developing prototypes and projects from business ideas to implementation and maintenance. The alliance is anchored around SAS Viya, an analytics platform built to “orchestrate and accelerate” analytics capabilities from data to discovery to the deployment of analytics models. Through this solution, both SAS and TMA will join forces to drive AI adoption with a specific focus on machine learning, computer vision and natural language processing (NLP). Source: channelasia 

SAS sharpens AI sword in Vietnam through TMA Solutions sync up

Several tech firms in Vietnam are using OpenAI&apos;s ChatGPT to do different tasks, from writing codes and bug checking to data analysis and report creation. Quan, a CTO of a company specializing in website services, said that ChatGPT is capable of creating short codes to build a basic website within minutes. To accomplish the same task, it might take an engineer an entire day to manually code an entire website. Thu Hien, a specialist at the company, said the human side sometimes wins thanks to their experience and knowledge about the project. However, if ChatGPT were allowed to read all the codes of the project, it is likely that the chat bot might be able to find faulty parts that even the most experienced programmers may miss. Engineers said programs designed to find bugs are not something new in the programming field. However, what sets ChatGPT apart is how quickly it can explain a problem and reach for a solution. Thanh said that if ChatGPT is not given a clear prompt, or if the reports it produces are not properly edited, the data analysis might be inaccurate, or even false. Moreover, the cost of using Open AI&apos;s API is still quite high for the Vietnamese market. Source: vnexpress 

How Vietnam's tech industry utilizes ChatGPT

AI 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 

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