Vietnam has seen several firms make great strides in artificial intelligence (AI) research such as FPT, Viettel AI, VNPT AI, and VinAI, with the last firm named one of the world’s top 20 AI research enterprises.

The list featuring the Vietnamese AI research-based company was made by Thundermark Capital, a U.S. venture capital firm that invests in deep tech, in 2022.

The recognition demonstrated Vietnam’s and its companies’ efforts in accelerating AI application.

AI is one of the various fields where Vietnam has much potential for robust growth, Deputy Minister of Planning and Investment Tran Duy Dong affirmed at the AI Day 2023, which opened in Ho Chi Minh City on Tuesday and wrapped up on Wednesday.

Accordingly, the Southeast Asian nation boasts unlimited potentialities for Generative AI, which will act as one of the tools helping beef up intellectual labor productivity in the future.

Amid the wave of strong AI growth, Vietnam has been taking big steps to foster AI research and application, and strengthen its AI workforce.

In 2021, the Vietnamese government issued a national strategy for AI application, research, and development until 2030. 

After two years of following the strategy, the country has obtained some significant achievements.

In 2022, Vietnam came 55th in the world for the AI Readiness Index, up seven places against 2021, according to a report made by Oxford Insights.

The AI Day 2023, themed ‘AI - Rebuild Reality,’ brought together over 30 scientists, professors, and AI experts from many nations, as well as 100 representatives from companies and 1,500 local and international guests keen on technology, processing, and production.

Among the world’s leading experts were Prof. Martial Hebert, an accomplished researcher in robotics and computer vision, and Prof. Simon Lucey, a pioneer in applying mathematical models that underlie computer vision research.

The event was also attended by Prof. Anton van den Hengel, a big name in machine learning, and Associate Prof. Dr. Angela Yao from the National University of Singapore.

AI Day is an annual event co-held by VinAI, under Vietnamese conglomerate Vingroup, and the New Turing Institute.

According to McKinsey’s 2023 report, Generative AI is forecast to not only boom in the technology aspect, but also basically change the ways of research, creation, and work in the future.

Moreover, Generative AI might contribute thousands of billions of U.S. dollars to the global economy each year.

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