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5 Minutes: Knowing Why AI in Vietnam Is Developing Rapidly

CATEGORY
Knowledge hub
PUBLISHED
June 20, 2024

Vietnam National AI Strategy in Rapid AI Development

In 2021, the Minister of Science and Technology emphasized the need to strengthen the Artificial Intelligence (AI) sector, aiming for it to become a key economic driver in Vietnam by 2030. The official resolution outlined three main directions:

  1. AI Revolution: Position AI as the fourth technological revolution, driving breakthroughs in production processes and unlocking sustainable development potential for Vietnam’s economy.
  2. Integration and Application: Develop new AI technologies across various domains—life, economy, and more—to fully explore AI’s potential and efficiently apply it to available resources, subsequently transferring knowledge globally.
  3. Resource Enhancement: Apply AI to competitive services in the Vietnamese market, upgrading existing AI resources, and strategically investing in sectors, businesses, and startups to expand the AI market in Vietnam.

As a result, the Prime Minister set ambitious goals for Vietnam: to rank among the top four ASEAN nations and the top 50 globally in AI research, development, and application by 2030. Additionally, Vietnam aims to establish ten premium AI brands and build three national data and high-performance computing centers, demonstrating its unwavering commitment to AI innovation and advancement.

Currently, Vietnam has achieved remarkable progress in training and researching new technologies. Major tech giants like Apple, Samsung, LG, and Nvidia have established a presence in Vietnam, seeking skilled technology engineers and solidifying long-term collaboration.

Vietnam’s pool of AI engineers receives high-quality training, making them valuable assets. If you’re in need of talent, explore the content below.

Get Access to the Pool of Talented AI Engineers in Vietnam

Vietnam has developed to be an appealing destination for foreign businesses looking for qualified IT professionals. High knowledge, cost-effectiveness, competent communication abilities, and well-trained soft skills are all provided by the nation. Let's look at two strategies for locating applicants who meet your requirements:

  1. IT Outsourcing Services

Vietnam is not an exception to the current trend of IT outsourcing. By collaborating with local IT experts, you can complete projects within contract deadlines. Using this method guarantees that your project will benefit from skilled IT talents that can handle problems in real-time.

IT outsourcing offers reason for businesses whose primary focus is unrelated to technology. For projects like developing internal networks, websites, applications, and troubleshooting, they may look for IT professionals in short contract period. Businesses have better able to concentrate on internal operations as a result.

2. Team Hiring (EOR) Services

Having qualified IT talents is essential for businesses that are tech-focused. Global interest has been attracted in the EOR model because of its cost-effective workforce and high-quality work.

Without local knowledge, navigating Vietnam's administrative processes can be difficult. In Vietnam, an EOR serves as your legal representative and takes care of hiring, staff management, and administrative duties.

How Generative AI be used in Business?

Organizations are growing together with generative machine intelligence, an innovation that can develop new satisfactions, automate complex tasks, and analyze huge amounts of information. The present powerful instrument enhances decision-making, simplifies procedures, and, in addition, provides a significant aggressive edge.

Generating artificial intelligence enables the creation of intelligent chatbots and online assistants that interact seamlessly with consumers. These automated reasoning assistants carefully provide customer requirements, contribution products, and assistance recommendations through a number of channels to enhance the client experience.

Pfizer uses IBM's computing power and AI capabilities to develop revolutionary medicines, such as PAXLOVID, an oral COVID-19 treatment approved in 2022.

Moreover, Citibank uses generative artificial intelligence to provide personalized customer service at all stages of online, mobile, and retail sales. In order to increase customer expertise in general, their artificial intelligence agents excel in providing insight into buyer conditions, as well as delivering a personalized product or recommending a product, in addition to providing advice.

Feel free to reach out to Burning Bros for support with IT staffing and outsourcing needs, and to stay updated on the latest in AI technology.

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