In 2021, the Vietnamese Government issued the National Strategy on AI research, development and application until 2030. After 2 years of implementation, Vietnam has achieved encouraging achievements. In 2022, Vietnam ranks 55th in the world in the AI readiness index, up 7 places compared to 2021, according to a report by Oxford Insights.
Vietnam also has businesses that have achieved remarkable achievements in AI application research, such as: FPT, Viettel AI, VNPT AI, VIN AI… Among them, VIN AI has entered the Top 20 global companies. leader in AI research voted by Thundermark Capital in 2022, on par with many famous companies from developed countries.
Chairman of FPT Group Truong Gia Binh.
However, in Vietnam, the implementation of artificial intelligence still faces many challenges, such as limited capital and legal resources, information security, lack of professional human resources, and lack of systematic investment. in terms of technological infrastructure, lack of coordination between businesses, researchers and the Government.
VNPT AI Sales Director Vu Trong Dao assessed that, despite its great potential, AI has not yet been thoroughly applied in Vietnam. In Vietnam, only about 16% of businesses apply AI compared to 33% in Asia and 36-37% globally.
Meanwhile, Director of Digital & Technology Nguyen Gia Vu said that businesses should not try to follow the AI movement but need to rely on specific problems, from there find solutions that AI supports.
In fact, in a recent Goldman Sachs report, Vietnam was classified as one of the countries that benefit least from AI.
Despite its great potential, Vietnam has not yet exploited all the opportunities that AI technology brings. Regarding this, developed countries such as the UK, US, Japan, Singapore or developing countries such as Korea and Brazil have applied AI well in business models to increase annual labor productivity.
Vietnam and other countries such as India, Kenya, Nigeria and China are in the top 5 countries least affected by the wave of AI, or in other words, the growth rate of labor productivity is the lowest under the impact of AI. WHO. According to Goldman Sachs’ data table, Vietnam is ranked near the bottom of the table, larger only than India and Kenya, compared to the global average. Meanwhile, the majority of developed countries such as Hong Kong, Israel, Japan, Sweden,… apply AI very well in their business models and productivity increases from about 1.2% to 1.7%. .
The AI industry is expected to grow from $95.06 billion to $1.8 trillion by 2030, expected to be one of the key drivers of the global economy over the next decade. But companies are not yet fully ready to take advantage of this opportunity.
Cisco’s first AI Readiness Index shows that only 27% of organizations in Vietnam are fully prepared to deploy and leverage AI, with 84% seriously admitting concerns about AI’s impact on operations. business if they remain passive over the next 12 months.
When 2024 comes with the next wave of AI revolution, Vietnamese companies will struggle to solve AI problems in their organizations, not only from a technology perspective but also in terms of human resources when there are new employees. members are ready but there are also those who are not ready to use that technology.
Vietnamese businesses encounter difficulties when applying AI.
Talking about the field of AI with Vietnamese businesses, Associate Professor Dr. Nguyen Xuan Hoai – Director of the Vietnam Institute of Artificial Intelligence shared: “It must be said frankly that this is a very fierce competition. Market development is the key.” Most importantly, it involves technology, investment, business model and capital recovery.
For Vietnamese businesses, the story is what goals they choose. Competing globally with Big Tech is very difficult. Second way, Vietnamese businesses can choose to “stand on the shoulders of giants”, that is, adjust to specific problems. AI is still an open market, the opportunity is there. Third, we must do things differently, find niches, apply specialized and practical applications, and meet the needs of businesses and the country such as safety and security…”.
The Goldman Sachs report also points out that standardization in business models of Vietnamese enterprises does not exist (ISO), leading to the inability to create a touch point in applying AI to necessary stages. job necessity. Only when ISO is highly standardized can AI analyze and evaluate the rules, thereby promoting the performance of each specific job in each job position in the company.
