At the Ho Chi Minh City Economic Forum 2024 held on the morning of September 25, Mr. Nguyen Trung Chinh, Chairman of CMC Corporation, attracted much attention with the initiative "AI Transformation - AI.X", focusing on combining digital transformation and green transformation to promote Vietnam's development in the digital age.

According to the Chairman of CMC Corporation, current industrial transformation must be based on two main pillars: digital transformation and green transformation. He believes that the Government, businesses and organizations need to clearly understand the role of artificial intelligence (AI) in this process. AI is becoming a breakthrough driving force, promoting rapid and comprehensive changes in all economic and social fields.

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Chairman of the Board of Directors and Executive Chairman of CMC Technology Group, Mr. Nguyen Trung Chinh. Photo: CMC

Experts predict that AI will contribute $15.7 trillion to the global economy by 2030, helping to increase labor productivity by 40% by 2035. In Vietnam, AI is expected to contribute $150 to $200 billion to the national GDP by 2030. These figures demonstrate the great potential of AI in promoting economic growth and improving the quality of life.

Faced with such potential, Mr. Nguyen Trung Chinh proposed that the Government needs to develop a long-term AI transformation strategy, moving towards building an AI government.

He also suggested that Ho Chi Minh City should be developed into an "AI City" - a pioneering artificial intelligence city. He believes that making AI.X (AI Transformation) an initiative not only for Ho Chi Minh City but also for Vietnam will help affirm the country's position in the digital age.

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Prime Minister Pham Minh Chinh chaired the Policy Dialogue between the Prime Minister, leaders of central ministries, leaders of provinces and cities with guests, domestic and international corporations at the Ho Chi Minh City Economic Forum 2024. Photo: CMC

To realize the AI.X initiative, Mr. Chinh made specific recommendations. Accordingly, Vietnam needs to improve its institutions and legal framework by developing appropriate regulations to facilitate the development and application of AI on a national scale. This will ensure safety and risk management in the process of deploying AI, especially in areas with great impact such as healthcare, education, transportation and finance.

In addition, he proposed that training and developing AI human resources is a key factor. He said that AI should be included in the curriculum at all levels, from primary to university, to equip the young generation with necessary skills and knowledge. At the same time, there should be specialized training programs and links with international organizations to develop high-quality AI human resources.

Mr. Chinh also mentioned the construction of digital infrastructure and AI ecosystem. For AI to develop sustainably, it is necessary to build a strong technology ecosystem including modern digital infrastructure, research centers and connecting experts and businesses to promote innovation and cooperation. This requires a solid technical foundation and a mechanism to encourage the participation of leading technology talents at home and abroad.

In addition, he proposed that the Government should establish preferential policies to encourage the development of AI in all areas, from manufacturing industry, healthcare to education and public services. The development of these policies should ensure job security and set clear ethical standards for AI applications, in order to put people at the center and aim for sustainable development.

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Prime Minister Pham Minh Chinh attended the inauguration ceremony of the Industrial Revolution 4.0 Center in Ho Chi Minh City. Photo: CMC

In the explanation of the "AI Transformation - AI.X" initiative, Mr. Nguyen Trung Chinh defined: AI Transformation (AI-X) is the process of applying AI technology to comprehensively and comprehensively change the way of operation and interaction in all areas of society from Government, businesses to people's lives.

The goal of AI Transformation is to harness the limitless potential of AI technology to innovate, improve performance, productivity, add value and create a digital economy. AI transformation must go hand in hand with ethics and social responsibility, to build a green and sustainable digital economy.

Mr. Nguyen Trung Chinh’s initiative at the Ho Chi Minh City Economic Forum attracted the attention of many delegates and experts. His proposals aim to maximize the potential of AI to promote economic growth and improve the quality of life for Vietnamese people.

Mr. Nguyen Trung Chinh's vision of "AI Transformation - AI.X" opens a new direction for Vietnam in applying AI to all areas of society. Putting people and society first, along with a commitment to responsibility and ethics, will ensure that the development of AI brings practical and sustainable benefits to the country.

The trend of developing private large AI language models in-house is booming . Many organizations are developing private large language models (LLMs) and small language models (SLMs) in-house via AI-integrated workstations due to concerns about security and data training costs.