legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Embracing AI: The Future of Vietnam’s Automation

Introduction to AI-Powered Automation

During the launch of the innovative “AI-powered enterprise” model on January 22, Nguyen Quan delivered an insightful perspective on the current state of automation in Vietnam. Historically, the country’s focus has been primarily on mechanical and electrical systems, particularly emphasizing basic repetitive tasks. In the ever-evolving digital landscape, however, it is imperative that automation integrates advanced artificial intelligence (AI) to create a seamless connection throughout the entire production process.

The Time for Technological Adaptation

Quan highlighted insights from the CEO of Anthropic, underscoring a critical transformation on the horizon: “Within the next 6 to 12 months, AI platforms will be capable of executing all functions currently performed by software engineers. Human engineers will primarily transition to roles involving the review and refinement of AI-generated code.” This rapid evolution, he underlined, necessitates that Vietnam accelerates its adaptation to technological advancements.

Addressing Domestic Productivity Challenges

The urgency of this transformation is further compounded by domestic productivity challenges. Vu Thanh Thang, Chairman of AIZ, shared a striking contradiction: although Vietnamese workers excel in global mathematics and informatics competitions, labor productivity lags behind that of regional counterparts, including Indonesia and Singapore. This discrepancy between skill and output reinforces the need for strategic innovations.

The Role of SMEs in Economic Growth

Adding to the economic pressure is the fact that 98% of Vietnam’s nearly one million businesses are small- and medium-sized enterprises (SMEs). These SMEs are responsible for approximately 65% of the country’s GDP. Thang made a compelling case: increasing the productivity of SMEs by just 10% could yield an additional USD 30 billion in economic value. AIZ’s mission is to “AI-empower every Vietnamese SME,” thereby enhancing operational efficiency and contributing positively to national economic growth.

From Data Silos to a Unified Digital Platform

One of the major hurdles identified by Thang is the issue of data fragmentation, which can severely hinder business decision-making. While numerous businesses may deploy a variety of software tools, their data often remains isolated within silos, which ultimately stifles holistic insights. Thang introduced an innovative solution: a made-in-Vietnam digital platform known as BrainZ. Unlike conventional ERP systems that merely aggregate data, BrainZ seeks to unify this information with business logic and workflows for comprehensive analysis.

Introducing Digital Collaboratives

From this foundational platform, companies can develop advanced digital personnel termed “AgentZ” and collaborative digital processes named “CollabZ.” These innovations aim to work alongside human teams, optimizing resource utilization and facilitating better decision-making.

According to Vo Xuan Hoai, Deputy Director of the National Innovation Center (NIC), these elements represent three cornerstone components for businesses seeking to capitalize on AI technology. This strategy enables companies to maximize human potential rather than merely increasing employee headcount.

Building Technological Foundations on Established Knowledge

With the objective of achieving technological independence without risking obsolescence, experts unanimously agreed on the importance of collaboration with established tech giants. “At this juncture, we must stand on the shoulders of giants,” Quan asserted. “It is crucial that we foster partnerships with major technology firms to develop Vietnamese platforms that boast local ownership while remaining globally competitive.”

Collaborative Innovations in Technology

An exemplary case of this collaborative approach is Qualcomm’s partnership with AIZ and other stakeholders, providing specialized hardware infrastructure and software frameworks tailored for hybrid AI solutions, which seamlessly combine on-device and cloud computing capabilities. Thieu Phuong Nam, General Director of Qualcomm Indochina, pointed out that one of Qualcomm’s three global AI research centers is based in Vietnam, aiming to provide businesses with stable, low-latency, energy-efficient, and cost-effective technology.

The Critical Importance of Open Data

Despite the availability of advanced technological platforms, Quan emphasized that data remains the cornerstone of actionable insights. Besides meeting traditional standards of accuracy, completeness, cleanliness, and real-time accessibility, he proposed an additional critical factor: openness.

“Closed data is ineffective; it inherently lacks intelligence,” Quan observed. "We need to prioritize making data accessible, especially market data, to empower producers to fully leverage available platforms."

A Vision for the Future: The ‘Google for Business’

Looking ahead, the chairman of the VAA envisioned the emergence of homegrown solutions in Vietnam capable of serving as a "Google for business." These platforms would possess the capacity to answer any queries related to operations and markets, enabling local enterprises to seize greater control within the global value chain.

Vo Xuan Hoai reinforced this urgency, stating, “The pressing question is no longer whether we should adopt AI but how to do so effectively.” The ultimate aim is to streamline operations, minimize costs, and eliminate redundant tasks. He commended Vietnamese tech firms for proactively introducing solutions that transition from labor-intensive models to intelligent, tech-driven operations.

The Support of AI legalese decoder in Navigating Challenges

In this rapidly changing technological landscape, navigating legal frameworks and compliance issues can be challenging for businesses, particularly SMEs. This is where tools like the AI legalese decoder can be invaluable. It simplifies complex legal jargon, making legal contracts and frameworks more accessible, which is crucial for companies looking to implement AI solutions.

For instance, as businesses adopt AI technologies and enter new partnerships, they will encounter various legal agreements that may contain intricate terms. The AI legalese decoder can assist companies in understanding these contracts, ensuring they are fully aware of their rights and obligations. This not only fosters confidence but also facilitates smoother negotiations and partnerships, enabling SMEs to focus on leveraging AI to boost productivity without getting bogged down by legal ambiguity.

Conclusion: A Bright Future Ahead

The NIC remains committed to supporting Vietnamese enterprises, particularly in the burgeoning AI sector, helping propel “Made-in-Vietnam” technologies onto the global stage. By embracing collaboration, focusing on data accessibility, and leveraging innovative tools like the AI legalese decoder, Vietnam stands poised for a promising future that harnesses technology for economic growth and improved productivity.

With concerted efforts from all sectors, Vietnam can transition from being a passive player in the digital age to an empowered, technologically advanced nation ready to meet the challenges of tomorrow.

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link