AI in Vietnam: Challenges and Solutions

01-10-2019

Technology is changing fast and many new technologies were born. One of the most latest and important technology is Artificial Intelligence (AI). It is applied in not only social but also the business environment such as healthcare, education and even military. Thanks to this technology, human effort is reduced and the results have been more accurate and faster.

1.What is AI?

Artificial intelligence – AI is the ” cognitive” of machines, in which devices will mimic the human mind such as “learning” and “problem solving”. AI techniques have become an essential part of the technology industry, helping to solve many challenging problems in computer science, software engineering and operations research.

2. Challenges of AI technology in Vietnam.

To truly develop and apply artificial intelligence technology, Vietnamese businesses will have to overcome many challenges. The first difficulty is the manpower issue: how to find enough qualified people to develop AI. Training high-quality AI engineers will require the resources of companies as well as government investment, as the funding and resources required are enormous.

In addition, another challenge of Vietnamese businesses is the quality and accuracy of the data. Data is an important material of any information system, but to develop AI, it needs a “clean”, accurate and standard data source, or labelled data. High quality data, or labelled data, is the challenge of any engineer when developing an AI product. Therefore, developing AI in Vietnam still has many challenges, but that does not prevent Vietnamese businesses from going straight into the AI ​​era.

 

3. Solutions for AI Development in Vietnam.

Currently, the Ministry of Planning and Investment has many activities to support start-up innovation, including AI. Accordingly, the Ministry of Planning and Investment focuses on calling for AI funding through international and domestic investment funds. Like Vietnam Venture Summit event in June 2019, 18 international and domestic investment funds pledged to invest 425 million USD for Vietnamese start-ups in the next 3 years.

In the next plan, the Ministry of Planning and Investment will expand and develop the Vietnamese AI network in some other countries, as well as set up the Global Fund to train high-quality human resources. In particular, the Ministry will complete the innovation ecosystem with a drastic goal of establishing a National Innovation Centre. The Ministry is submitting to the Government this project to build an international model with outstanding competitive institutions, which is expected to start in Hoa Lac Hi-Tech Park by the end of 2019.

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