FPT Techday October 24-25 gathers world’s experts, business leaders. (Photo: VietnamPlus) Hanoi (VNA) - Boasting a young population with high skills and a rapid adaptability to digital solutions, Vietnam is described as a “fertile land” for the development of new technologies, especially the Artificial Intelligence (AI).
Potential market
The latest report by Statista on the scale of the AI market said the double growth rate in the 2023-2030 (GAGR 2023 - 2030) of Vietnam’s AI market is 19.51%, or 2.21 percentage point higher than the global one (17,30%). In 2030, the total value of Vietnam’s AI market will near 2 billion USD against the 541 million USD recorded in 2023, while the global AI market scale will be 738.8 billion USD.
Grasping the boundless chance, many major domestic groups such as FPT, Viettel, Vingroup, and VNPT are making massive investments in the AI technology.
Surpassing major AI solution providers in the world such as Kore.ai, IBM Watson Assistant, and Amazon Lex, FPT just left a hallmark of Vietnam’s intelligence in the AI map with the FPT.AI being hornored as "top 1" in the global AI platform in 2023 (according to Software Review). The FPT.AI ecosystem boasts more than 20 products and services with about 200 million use every month in 15 countries throughout the world. FPT reveals it has spent trillion of VND over the past 10 years to build various AI centres of the international level and invest in AI research and development in every aspect. It will roll out a new AI ecosystem for enterprises, share investment fruits, research and apply the AI technology all over the world, as well as make exclusive cooperation with the world’s top “brains” at the FPT Techday held on October 24-25.
Over the recent past, FPT has invested in the development of the AI technology in a comprehensive manner, from building the AI calculation infrastructure and broadening its relations with world’s top partners to intensifying the application of AI to every technology product made by FPT, creating a breakthrough in the management, operation and customers’ experience for businesses; training human resources and establishing a major human resources in AI in Binh Dinh province.
It is noteworthy that FPT is also focusing on developing an AI brain capable of conceiving, thinking and analyzing data received from hearing, seeing, and reading like a human being.
Meanwhile, a number of other businesses are turning their focus on the application of the AI technology in virtual assistance, health care, smart and self-driving automobiles, natural language treatment technology, voice shifting, high accuracy Vietnamese writing, and others.
Policy leverage from government
The issuance in early 2021 of the national strategy on research, development and application of AI towards 2030 has created a “highway” for the development of this technology in Vietnam, towards the goals of bringing it into the list of the top 5 countries in AI in ASEAN in 2025 and building five AI brands of regional reputation.
More than two years after the strategy started to come into life, Vietnam’s position in the world’s AI map has risen seven steps, from the 62nd to the 55th out of the 182 countries and the 6th out of the 10 nations in ASEAN (according to the report on AI readiness by the government conducted by the Oxford Insights). Vietnam’s average points are 53.96, higher than the 51.82 recorded in 2021 and the world’s average of 44.61.
Vietnam ranks 55th in world’s government AI readiness index (Photo: VietnamPlus) Also according to the report, Vietnam is one of the regions good for the development of technologies thanks to its young population who boast high digital skills and rapid adaptability to digital technology solutions.
Holding a position in the "top 6" in the region, Vietnam is not too far behind other countries in the region in terms of both research and application of AI, but nearing its goal of being in the list of the top five in the ASEAN in the research, development and application of AI by 2025 as set by the national strategy.
Not only rising in the government AI readiness index, AI has also been pushing most of the fields into a new future and changing the end users’ experience. In the field of finance, many banks are using AI assistance to give financial consultations; electronic identification (eKYC) or using machines to build models that can give more accurate and rapid forecasts. In the field of health care, AI is also being researched and applied in the diagnosis, curing and toward prevention of diseases in the direction of individualisation. In the field of training, the AI faculties are attracting huge attention from both training institutions and trainees, with entry points for students to those faculties rising strongly over the recent years. Besides, AI has also been applied to the individualisation of lectures, helping learners to absorb the knowledge in a more rapid and effective way.
Stronger “pushes” needed
To help AI reach every corner of the life, thus contributing to the national socio-economic development and further raising the work efficiency as well as improving the quality of the life of each people, strong pushes are needed from policies, highly applicable products and especially the high quality human resources, data infrastructure and calculation as well as the strengthening of international cooperation with top “brains”, AI research and development firms in the world.
According to Oxford Insights, data and infrastructure creates one of the key pillars for AI to “sublimate”. However, a huge joint-use database has not been built in Vietnam. The databases at sectors are yet to be connected and shared in an effective way. That is why in order to boost the development of AI in Vietnam, the building and developing of big data is a prerequisite, and the culture of sharing data and open approaches should be established in both governmental and business sectors. Besides, policies are also needed to ensure the secrecy and privacy, as well as ethics in the application and development of AI.
As for the human resources, according to experts, Vietnam should synchronously conduct official training in combination with the business – institute training, the training in the community and large-scale online training./.
