2020 key for tech start-ups in Vietnam

Like many other Asian countries, Vietnam is racing its regional counterparts to spur economic innovation with artificial intelligence (AI). Experts say voice recognition technology, AI, blockchain and big data will be major trends in 2020.
Ki-Ki, the first Vietnamese chatbot, was presented at Zalo AI Summit 2018 in late December 2018, where Vietnam’s AI community showed optimism about the development of AI (Photo: brandsvietnam.com)

Ki-Ki, the first Vietnamese chatbot, was presented at Zalo AI Summit 2018 in late December 2018, where Vietnam’s AI community showed optimism about the development of AI (Photo: brandsvietnam.com)

Like many other Asian countries, Vietnam is racing its regional counterparts to spur economic innovation with artificial intelligence (AI). Experts say voice recognition technology, AI, blockchain and big data will be major trends in 2020.

Although Vietnam is on the back foot in terms of AI and faces huge challenges, including a weak technology sector and lack of human resources, the country has managed to build a vibrant AI ecosystem and set up a plan for research and development with breakthrough strategies.

At the same time, many organisations and businesses in Vietnam are now trying to keep up with their foreign rivals by building technical skills to shape raw ideas into fully serviceable and effective AI applications.

Viettel Cyberspace Center (VTCC), established in 2014, has focused research on AI. VTCC.AI focuses on providing three services for speech processing, including TTS (Text to Speech), Speech to Text, and Voice Wake-up. The products can be applied to a variety of platforms, such as reading newspapers, books, or in automated customer care systems.

Zalo AI plans to develop applications such as Zalo Brain and Zalo Assistant.

At the Zalo AI Summit conference held at the end of 2018, the Ki-Ki virtual assistant was officially launched with the ability to recognize the voice of Vietnamese people and answer with northern, central and southern accents.

ELSA is an English pronunciation training application founded by Van Dinh Hong Vu. The application uses AI to recognize voice accuracy and help users improve their skills.

AI is also providing strong support in the field of transport. Self-driving cars with AI can automatically avoid people or obstacles, and are being used in the Ecopark urban area in Hanoi. In HCM City, AI has been used to help monitor traffic cameras and adjust traffic lights.

In health, AI is also being employed to improve quality, efficiency, overcome risks, medical incidents and reduce hospital overcrowding.

The 115 People's Hospital and Gia An 115 Hospital in HCM City are the first two hospitals in Vietnam to apply Rapid Artificial Intelligence software in stroke diagnosis and treatment.

According to Ngo Quoc Hung, Creative Director of COTAI – the center for talents in AI – who has been teaching AI to students of the Le Hong Phong High School for the Gifted in HCM City, AI is no longer unfamiliar to high school students. In their eyes, AI is now an interesting subject which offers useful information and applications.

“In several more years, Vietnam will have many good engineers in AI and the number of start-ups in AI will increase,” Hung said.

Tu Nguyen, managing director of VietA.I Community, who has been working for 10 years in emerging technologies, said there were 25 workers in the international payment division of HSBC five years ago.

Nowadays, when the work volume is five times higher, the division only needs three workers, because a big workload is now undertaken by computers.

Also according to the expert, at Minh Long II Technical Ceramics factory in Binh Duong province, 70 percent of work is being undertaken by robots.

“This shows that AI has penetrated into all areas in Vietnam, raising the need of developing the labor force in the field of AI,” he said.

Long way to go

Dang Hoang Vu, Science Director of the FPT Corporation, said that 2020 will be the year of "popularizing AI".

And while Vietnam has a lot of potential for AI development, most AI start-ups are still at a very early stage of development.

The country’s AI start-ups are still facing many difficulties when resources are limited, training is inadequate and many high-skilled workers choose to work overseas.

According to the 2018 Vietnam AI Landscape Report published by Nexus Frontier Tech initiative RubikAI, almost 60 percent of AI companies in Vietnam have been in business for less than two years, and only 34 percent have raised more than US$200,000 from external sources.

Also according to the report, two other big challenges for Vietnam are a shortage of talent and the ability to approach data.

Vu said that in order to develop faster than its competitors, the Government needs to have policies to socialize AI and encourage businesses to use artificial intelligence in business activities.

He also emphasized the importance of effective connection among the community and major businesses, among the components of the AI ecosystem.

VNA

Other News

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.

Biofuel ready for nationwide rollout

Biofuel ready for nationwide rollout

For biofuels, particularly E10, to develop successfully, stronger and more coordinated policies are needed, especially pricing mechanisms capable of creating a sufficiently attractive gap between E10 and mineral-based petrol, an expert has said.

Vietnamese farm produce promoted at African investment, trade forum

Vietnamese farm produce promoted at African investment, trade forum

The 12th Africa Forum for Investment & Commerce (AFIC 12) opened in Algiers, the capital of Algeria, on May 9, drawing around 2,000 participants, including officials, economists, businesses, financial and development organizagtions from 43 African countries and international partners, including Vietnam.

Int'l medical, pharmaceutical expo opens in Hanoi

Int'l medical, pharmaceutical expo opens in Hanoi

The exhibition, which runs until May 9 at the Hanoi International Centre for Exhibition, showcases advanced products and technologies across a range of fields, including pharmaceuticals, drug manufacturing machinery and equipment, medical devices, hospital and clinic services and dental equipment.

Mega projects to transform Ho Chi Minh City urban landscape

Mega projects to transform Ho Chi Minh City urban landscape

Leading the charge in this massive building spree is the new central city square in the core of the Thu Thiem new urban area. Spanning more than 20 ha, it’s the crown jewel of the Central Square and new administrative center complex.

Vietnam establishes itself as one of region’s most dynamic manufacturing and supply bases

Vietnam establishes itself as one of region’s most dynamic manufacturing and supply bases

The country’s stable political and economic environment provides a critical foundation for long-term sourcing strategies. At the same time, Vietnam has demonstrated a strong ability to scale up manufacturing, supported by a continuously expanding industrial base capable of meeting both high-volume demand and increasingly complex technical and quality requirements.

Vietnamese pomelos gain broader access to Australian market

Vietnamese pomelos gain broader access to Australian market

The update by Australia’s Department of Agriculture, Fisheries and Forestry to its Biosecurity Import Conditions system (BICON) on April 10, officially setting out import conditions for Vietnamese pomelos, is regarded as a major milestone in market access efforts.

Vietnam's industry spearheads transition to circular economy

Vietnam's industry spearheads transition to circular economy

The circular economy is no longer just a policy choice. It has become an inevitable trend for delivering sustainable and green growth, sharpening competitiveness at home and abroad, and meeting Vietnam’s net-zero emissions target by 2050. It is now a prerequisite to sustain long-term economic expansion, particularly in industrial production and supporting industries.

Nearly 100 tonnes of Vietnamese fruits, vegetables airlifted to UAE

Nearly 100 tonnes of Vietnamese fruits, vegetables airlifted to UAE

Vietnamese fresh produce and processed foods are increasingly recognised for their quality, with items such as cashew nuts, coffee and spices gaining popularity among Middle East consumers. In 2025, Vietnam’s farm produce exports to the UAE exceeded 445 million USD, up nearly 24% year-on-year.