Việt Nam's potential to become an AI dragon: Meta

Mar 25th at 07:35
25-03-2024 07:35:35+07:00

Việt Nam's potential to become an AI dragon: Meta

Việt Nam is poised to emerge as a 'dragon' in the AI industry, thanks to its strong determination, entrepreneurial spirit and open government policies, according to a representative from the Meta Group.

Rafael Frankel, Director of Public Policy for Southeast Asia at Meta Group. — Photo courtesy of NIC

Speaking at a press conference for the Vietnam Innovation Challenge 2024 last week, Rafael Frankel, Director of Public Policy for Southeast Asia at Meta Group, pointed out the remarkable transformation of Việt Nam's economy over the past 23 years. He attributed this growth to the unwavering drive of the Vietnamese people and the Government's increasingly open policies, particularly in technology realm, including collaborations with countries like the United States and the American business community.

While acknowledging Việt Nam's progress, Frankel stressed the importance of maintaining an open policy to attract global investors and technology companies.

"The (Vietnamese) Government should remain open and continue to be a place where investors and technology companies from around the world want to come and do business," Rafael said, reaffirming Meta's commitment to supporting Vietnamese businesses in fostering innovation and advancing AI and semiconductor technologies.

AI, alongside the semiconductor industry, is considered a cornerstone of the Fourth Industrial Revolution. Its impact transcends technology, potentially revolutionising research, work dynamics, and content creation, and is expected to contribute trillions of US dollars to the global economy, as indicated by the McKinsey 2023 Report.

Deputy Minister of Planning and Investment Trần Huy Đông highlighted Việt Nam's proactive efforts to catch up with global AI development. He cited the government's initiatives, including the introduction of a national AI strategy until 2030, which has propelled Việt Nam to the 55th position in the AI readiness index in 2022.

Several Vietnamese companies, including FPT, Viettel AI, VNPT AI and VIN AI, are deeply engaged in AI research and application.

Phùng Việt Thắng, Country Director of Intel Vietnam, emphasised the necessity of a clear government strategy to bolster AI development across industries.

Meta to launch AI products in Việt Nam in 2024

In 2024, Meta plans to introduce AI products and services in Asia Pacific, including Việt Nam.

“We already have on the roadmap to launch AI products across WhatsApp, Messenger and Instagram in 2024 in Asia Pacific and Việt Nam is currently on that roadmap,” Rafael said, believing these tools can support small and medium enterprises (SMEs) in Việt Nam to foster innovation and growth.

Last September, Meta unveiled its first generative AI products, including a chatbot capable of generating text responses and photorealistic images. Meta AI is set to enhance user experiences on platforms like WhatsApp, Messenger, and Instagram, leveraging artificial intelligence for improved functionality and engagement. 

Bizhub





RELATED STOCK CODE (2)

NEWS SAME CATEGORY

Ministry revokes licences of 30 postal enterprises

The Ministry of Information and Communications has decided to revoke the licences of 30 postal enterprises in Hà Nội. The action was taken due to their violations...

More support policies needed for fiber industry

The raw material production industry has been facing difficulties over the past 18 months. In particular, the fiber industry worldwide is at a loss, not just in...

Vietnam seeks IAEA assistance in training skilled workforce in nuclear energy industry

Vietnam reiterated its commitment to fulfill its obligations under international treaties and promote the peaceful use of nuclear technology.

​Vietnamese PM calls on US firms to expand investment in, transfer tech to Vietnam

Vietnamese Prime Minister Pham Minh Chinh urged U.S. enterprises to further expand their investment and technology transfer operations in Vietnam, especially in...

Hanoi hosts National Quality Award 2024

Applications should be submitted to the Hanoi Department of Science and Technology by June 28.

Warehouse industry leaders ramp up technology investments

Decision-makers in the warehouse industry, both globally and in Việt Nam, are accelerating their technology investments to enhance efficiency throughout the supply...

Salon Deluxe Vietnam 2024 exhibition opens in HCM City

The Salon Deluxe Vietnam 2024 exhibition officially commenced at the Park Hyatt Saigon Hotel in HCM City on Friday, gathering numerous luxury watch, jewelry, and...

Industry minitry proposes tougher sanctions for counterfeit goods

The Ministry of Industry and Trade (MoIT) has proposed adding new regulations on penalties for the production and sale of counterfeit and prohibited goods to...

CJ Cau Tre voluntarily recalls three exported products

CJ Cau Tre will voluntarily recall three exported products. The three products are Mini Mandu Prawn Dumplings, Mandu Prawn Dumplings, Rice Paper Spring Roll Seafood...

Vietnamese data center market to hit $1.26 billion by 2030

A double-digit growth rate (around 11%) is forecast for the Vietnamese data center market until 2030.


MOST READ


Back To Top