Vietnam well-positioned to reap benefits from AI

According to the article, the Vietnamese Government is taking steps aimed at supporting the development of AI, with initiatives that foster innovation and entrepreneurship. The Government is also investing in research and development, providing tax incentives for companies that adopt AI technology, as wel las supporting the growth of the startup ecosystem, it noted.

One example is the Vietnam AI Grand Challenge, a programme launched back in 2019 in order to encourage the development of AI technology, it said, adding that it provides funding, support, and resources to AI startups and researchers, thereby helping them to develop and commercialise their AI solutions.

Vietnam has also set up several AI Centres of Excellence in universities and research institutions in a bid to encourage the development of AI technology. The centres provide support and resources to researchers, whilst collaborating with industry partners as part of efforts to develop AI solutions for various sectors.

The article also underscored the impact of AI on health care and agriculture in the nation.
However, it stated that AI will pose challenges to the Vietnamese labour market. While AI will create new and more dynamic job opportunities moving forward, it is also likely to disrupt existing employment. For example, the use of robots is growing, meaning it will become possible for robots and machines to perform many tasks that are now being performed by humans. This will ultimately result in job losses, it explained.

The article stressed that there will need to be appropriate regulations and policies put in place in order to ensure that AI is used ethically and responsibly, while suggesting some issues need tackling, including privacy and data protection, intellectual property, liability, and accountability.