The application of Artificial Intelligence (AI) is making a significant impact on the Vietnamese business community, helping to reduce costs, increase accuracy, and expand export opportunities in the face of increasingly fierce global competition.

Demand in the domestic market along with a series of new regulations and policies are supporting for the Vietnamese AI start-up community to develop.

Vietnam is in a special position to lead artificial intelligence (AI) innovation in Southeast Asia, said Nguyen Duc Toan, Country Director of Google Cloud, at the GenAI Summit 2024, which opened in Ho Chi Minh City on August 19.

VOV.VN - Jeff Dean, known as "The God of Engineering" at Google, is set to pay a visit to Vietnam this August at the upcoming GenAI Summit 24: "Uncharted Frontiers" event.

Generative AI is expected to contribute VND14 trillion (US$574.83 million) to the Vietnamese digital economy by 2030, Dang Huu Son, co-founder of LovinBot AI and Vice Chairman of the local digital human resources development alliance AIID, has said.