Vietnam needs to invest in the AI ecosystem in different factors and fields, including computer hardware and software, cloud computing, data, machine learning algorithms, AI applications, user markets, and regulatory systems, to benefit from Artificial Intelligence (AI), said Nguyen Tien Dung, Torus.AI (Torus Actions) Company’s Director.
According to Dung, the AI industry offers abundant career opportunities for individuals and students worldwide. Predictions indicate that by 2030, it will generate over 15 trillion USD, representing over 10% of the annual global economic output.
Vietnam is emerging as a significant player with its economic and scientific potential, particularly due to its highly skilled young AI researchers. Additionally, the country holds the second position in Southeast Asia when it comes to the number of AI patents it has obtained.
Under Prime Minister’s Decision No.127/QD-TTg dated January 26, 2021, the National Strategy on Research, Development, and Application of Artificial Intelligence (AI) sets an ambitious goal for Vietnam to establish AI as a leading technology and emerge as a prominent player in the field regionally and globally.
Dung highlighted the necessity for Vietnam to make substantial investments across various factors and fields within the AI ecosystem to fully leverage its benefits. These include computer hardware and software, cloud computing, data, machine learning algorithms, AI applications, user markets, and regulatory systems.
According to Dung, while every field presents numerous opportunities, individuals, organizations, and countries should focus on the areas where they have comparative advantages, encounter fewer barriers, and can create surplus value most easily. He further emphasized the importance of continuous learning, collaboration, and technology adoption to address any existing limitations.
Vietnam investing in artificial intelligence can also be a significant move on how the country is positioning itself as a digital transformation hub in Southeast Asia.