GenAI to contribute 14 trillion VND to Vietnam’s digital economy by 2030
GenAI to contribute 14 trillion VND to Vietnam’s digital economy by 2030: Official
Generative AI is expected to contribute 14 trillion VND (574.83 million USD) 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.
The year 2023 witnesses the launch of various AI products developed by Vietnamese experts.(Photo: tapchitaichinh.vn)
Hanoi (VNA) - Generative AI is expected to contribute 14 trillion VND (574.83 million USD) 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.
Son said the development of AI will impact the efficiency and enhance personal skills of multiple generations on a national scale. Vietnam has taken the lead in an AI survey, with 91% of Vietnamese respondents expressing enthusiasm for this technology – the highest rate compared to other markets researched, according to Finastra Financial Services.
The year 2023 witnessed the launch of various AI products developed by Vietnamese experts. FPT introduced FPT AI Mentor - the first in-enterprise training advisor in the Southeast Asian nation, while LovinBot launched AI content writing assistants for individuals and businesses. VinAI announced an open-source research project on a large language model specifically for the Vietnamese language, known as "PhoGPT", and VinBigdata officially unveiled a version of ChatGPT named ViGPT for end-users in Vietnam.
Nguyen Kim Anh, a product director at VinBigdata, noted that the community version of ViGPT will focus on cultural and historical features, preserving and developing aspects important to future generations of Vietnamese. Furthermore, VinBigdata has collaborated with the Ministry of Information and Communications to apply the ViGPT version for information involving the body’s legal regulations and policies.
♕ Recently, the AIID was launched based on the collaboration of 17 technology-related universities and enterprises, aiming to help students access practical digital knowledge and skills./.
With the development of several language models designed specifically for Vietnamese users like PhoGPT, Vietnam has caught up with the world’s AI trend, an expert from VinAI under Vingroup conglomerate said on December 19.
Vietnam should be well-positioned with its sound technical infrastructure to boost its digital economy, Assoc. Prof. Yen Tran, lecturer on innovation and international startup at the University of Edinburgh Business School, has said.
Russia’s news agency Sputnik has lauded the launch of Vietnamese-developed apps as a positive signal, demonstrating the efforts of domestic technology units to gradually reduce reliance on foreign products and improve the accuracy of information containing Vietnam’s historical and cultural values.
The People’s Committee of Da Nang city in central Vietnam on December 30 issued a decision to establish an integrated circuit (IC) and artificial intelligence (AI) research and training centre.
Three Vietnamese engineers have won Gold Award at The Global AI Challenge for Building E&M Facilities 2025, held in the Hong Kong Special Administrative Region (China).
With the government's strong direction and active participation from businesses and citizens, national digital transformation is deepening, with a focus on building a digital government, economy, and society.
VietNEST (Vietnamese Nurturing Education for Science & Traditions) is a mobile app and digital platform for Vietnamese language learning among overseas children.
The networks bring together universities, research institutes and domestic and foreign businesses. Members will work closely in training, research, and technology transfer by sharing curricula, improving faculty capacity, providing access to laboratories and research facilities, and jointly implementing science and technology projects.
The Better Choice Awards (BCA) 2025 is a key highlight in the lead-up to Vietnam Innovation Day that falls on October 1, an annual event expected to attract hundreds of innovative enterprises, research institutions, investment funds, and startups from both Vietnam and abroad.
The new line serves as a critical backup route, strategically complementing existing submarine cables and enhancing the resilience, proactivity, and security of Vietnam’s telecommunications infrastructure.
Vietnam is actively yet cautiously preparing for the construction of its first nuclear power plant in Ninh Thuan (now the south-central coastal province of Khanh Hoa). The resumption of the programme after years of suspension carries considerable significance for the nation’s development in a new era as it strives to gradually reduce and ultimately phase out coal-fired power to realise the Government’s commitment to Net Zero by 2050.
The government leader reaffirmed Vietnam’s goal of achieving self-reliance in the design, manufacturing, and test of necessary semiconductor chips by no later than 2027.
With the launching of its two-tier local administration model, the city is incorporating technologies such as artificial intelligence (AI) and blockchain to enhance service delivery for citizens and businesses, aligning with the Politburo’s Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation.
Vietnam has issued many key policies to support semiconductor development, notably the Politburo’s Resolution 57 on science, technology, innovation, and digital transformation. Other initiatives include the Semiconductor Industry Development Strategy to 2030, with a vision to 2050, and the Human Resources Development Programme for the Semiconductor Industry.
Vietnam is no longer just an emerging blockchain market, it is stepping into a leadership role, with global investors, developers, and experts recognising its growing potential to become a leading hub for digital assets in the region.
Taking place on August 1–2, the event features more than 20,000 attendees and over 200 speakers from Vietnam, the h Korea, Singapore, the UAE, Hong Kong (China) and the US.
Dung directed the Ministry of Science and Technology to revise the national startup scheme, ensuring it clearly defines the scope and content, grounded on strong political and legal foundations, international best practices, and well-reasoned arguments for submission to the Government.
The two-day academic forum, themed “Resilience, Sustainability & Digital Transformation in a Changing World: Perspectives from Southeast Asia”, aims to share interdisciplinary research insights, focusing on adaptive capacity, sustainable development, and digital transformation amid evolving global and regional landscapes.
With such a rapid economic growth, Vietnam must diversify energy sources and nuclear power is a rational choice to ensure the national energy security, said Associate Professor Kei Koga from the Nanyang Technological University (Singapore).
Deputy Prime Minister Nguyen Chi Dung emphasised that Vietnam has a clear strategy and ambition in this field, and is rapidly emerging as a central hub and key link in the regional and global semiconductor value chains.
According to Cushman & Wakefield’s latest Asia-Pacific Data Centre Investment Landscape report, Vietnam now ranks second in the region for data centre investment returns, with a yield on cost (YoC) of 17.5–18.8%, just behind Singapore’s 21–23%.
Vietnam is taking drastic yet cautious steps in building a culture of nuclear safety and security, with the aim of having its first nuclear power plant operational by the end of 2030 and using this specific energy source effectively and sustainably.
Vietnam’s 5G strategy has been clearly outlined in national digital technology and infrastructure policies. A wide range of solutions is being vigorously implemented to achieve the target of an average internet speed of 100 Mbps by 2025 and full nationwide 5G coverage by 2030.
The year 2023 witnesses the launch of various AI products developed by Vietnamese experts.(Photo: tapchitaichinh.vn) 
