GenAI to contribute 14 trillion VND to Vietnam’s digital economy by 2030
GenAI to contribute 14 trillion VND to Vietnam’s digital economy by 2030: Official
Generative AI is expected to contribute 14 trillion VND (574.83 million USD) to the Vietnamese digital economy by 2030, Dang Huu Son, co-founder of LovinBot AI and Vice Chairman of the local digital human resources development alliance AIID, has said.
The year 2023 witnesses the launch of various AI products developed by Vietnamese experts.(Photo: tapchitaichinh.vn)
Hanoi (VNA) - Generative AI is expected to contribute 14 trillion VND (574.83 million USD) to the Vietnamese digital economy by 2030, Dang Huu Son, co-founder of LovinBot AI and Vice Chairman of the local digital human resources development alliance AIID, has said.
Son said the development of AI will impact the efficiency and enhance personal skills of multiple generations on a national scale. Vietnam has taken the lead in an AI survey, with 91% of Vietnamese respondents expressing enthusiasm for this technology – the highest rate compared to other markets researched, according to Finastra Financial Services.
The year 2023 witnessed the launch of various AI products developed by Vietnamese experts. FPT introduced FPT AI Mentor - the first in-enterprise training advisor in the Southeast Asian nation, while LovinBot launched AI content writing assistants for individuals and businesses. VinAI announced an open-source research project on a large language model specifically for the Vietnamese language, known as "PhoGPT", and VinBigdata officially unveiled a version of ChatGPT named ViGPT for end-users in Vietnam.
Nguyen Kim Anh, a product director at VinBigdata, noted that the community version of ViGPT will focus on cultural and historical features, preserving and developing aspects important to future generations of Vietnamese. Furthermore, VinBigdata has collaborated with the Ministry of Information and Communications to apply the ViGPT version for information involving the body’s legal regulations and policies.
♕ Recently, the AIID was launched based on the collaboration of 17 technology-related universities and enterprises, aiming to help students access practical digital knowledge and skills./.
With the development of several language models designed specifically for Vietnamese users like PhoGPT, Vietnam has caught up with the world’s AI trend, an expert from VinAI under Vingroup conglomerate said on December 19.
Vietnam should be well-positioned with its sound technical infrastructure to boost its digital economy, Assoc. Prof. Yen Tran, lecturer on innovation and international startup at the University of Edinburgh Business School, has said.
Russia’s news agency Sputnik has lauded the launch of Vietnamese-developed apps as a positive signal, demonstrating the efforts of domestic technology units to gradually reduce reliance on foreign products and improve the accuracy of information containing Vietnam’s historical and cultural values.
The People’s Committee of Da Nang city in central Vietnam on December 30 issued a decision to establish an integrated circuit (IC) and artificial intelligence (AI) research and training centre.
Vietnamese businesses, particularly small and medium-sized enterprises (SMEs), must embrace digital and AI transformations to remain competitive and achieve sustainable growth, experts said.
Under the European Union (EU)’s global initiative on Chemical, Biological, Radiological, and Nuclear (CBRN) Risk Mitigation Centres of Excellence (CoE), Vietnam has implemented numerous projects aimed at strengthening national capacity in detecting, preventing, and preparing for CBRN-related threats.
The course aims to promote knowledge exchange between scientific and educational schools from different countries, while deepening participants’ expertise in modern technology and technical education. It comprises two main specialisations of electronics-automation and nuclear technology.
ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
The year 2023 witnesses the launch of various AI products developed by Vietnamese experts.(Photo: tapchitaichinh.vn) 
