CMC has just been honored in the list of Top 50 best listed companies by Forbes Vietnam. What are the key factors that have contributed to this success after 14 years of listing? CMC is one of two information technology companies in Vietnam to be honored in the list of "Top 50 Best Listed Companies in Vietnam in 2024" by Forbes Vietnam. This is the first time CMC has received this prestigious award, marking an important milestone, demonstrating the trust and appreciation from investors. In addition to impressive business results, an important reason why Forbes Vietnam honored CMC is its proactiveness in catching up with the AI Transformation wave - providing AI consulting services and technology solutions not only in Vietnam but also globally. CMC has been operating for 31 years and has been growing steadily, especially in recent years, we have been one of the leading companies and have caught up with new technology waves such as AI, IC Design, Cloud Computing, and Cyber Security. In 2017, we officially announced our digital transformation strategy and today, we are moving towards the next phase: "AI Transformation." CMC has achieved impressive financial results in 2023. Although net revenue decreased slightly to VND 8,058 billion compared to the previous year, our pre-tax profit skyrocketed to VND 548 billion - the highest level since listing on the stock market. After more than three decades of development, CMC has become a leading technology corporation, with about 10 member units focusing on four strategic business areas: Digital Infrastructure, Solutions & Technology, International Business, and Research & Education. Currently, CMC has more than 5,000 employees and is operating on a regional scale with an estimated revenue and company value of about 400 million USD. CMC currently owns more than 20 core technologies, including facial recognition technology (FaceID) ranked 12th in the world according to the US National Institute of Standards and Technology (NIST). This capability allows us to meet the cooperation needs of thousands of partners and customers, which is a great pride for the entire CMC. Our goal is to turn CMC into a global digital corporation by 2028, with a scale of billions of dollars and a workforce of 10,000 to 15,000 employees. What is the current trend of AI transformation in the region and the world? How is that trend and will it impact Vietnam? AI is not a new technology; Research on AI began in the 1960s. However, in recent years, generative AI models have had far-reaching impacts on all aspects of society. In early 2024, when I attended the Davos Conference, I noticed that AI had become a major topic in discussions among national leaders, academics, and the global business community. The European Union and the United States are pushing for new AI-related regulations to deal with its far-reaching impacts, as well as the potential risks it brings. This requires a balanced and responsible approach to AI development. AI transformation is also being vigorously promoted in many countries in the region. For example, South Korea launched a national AI transformation program from 2022, affirming its position as one of the leading countries in e-government, digital government, and now AI transformation. Service providers are increasingly integrating AI into their products and services to improve business productivity, better understand customer needs, and create new value for service providers. Looking to the future, AI will continue to develop and make new strides in supporting human life. To reduce the novelty and surprise when adopting, individuals, organizations, and businesses need to grasp future AI trends, which may appear in 2024. CMC is embarking on a comprehensive transformation process with AI technology, starting with CMC University, moving from a digital university model to an AI university model. Will this transformation be carried out simultaneously across all four core business areas of CMC: Digital Infrastructure, Solutions & Technology, International Business, and Research & Education? For more than 31 years since its establishment, CMC Technology Group has actively invested, researched, developed, and applied new technologies. When establishing CMC University, the board of directors decided to leverage the group's technological strengths to build the school according to the Digital University model. In July, the school transformed from a Digital University model to an AI University, committed to applying AI technology to operations, teaching and improving student experience. CMC will become a modern, innovative learning environment, enhancing AI application capacity for students, staff, lecturers and researchers. I would like to emphasize that the AI University model is not just about training in AI or having AI majors, but more importantly, using AI technology to comprehensively transform a university's operations, from teaching, learning to operations management. Similarly, in our core business areas such as Digital Infrastructure, Solutions & Technology, International Business, and Research & Education, we have begun to transform all operations to an AI platform. We have established specialized units for AI-X transformation (formerly CX/DX digital transformation), and integrated AI applications into financial management, human resources and business operations. In parallel with the internal AI transformation process, CMC's leading technology experts in all four blocks are ready to provide consulting services as well as AI technology solutions "made by CMC" and from partners to customers. Some typical products include: C-OCR: Successfully deployed for Vietnam Social Security, the C-OCR project uses AI technology combined with optical character recognition (OCR) to extract information from documents and forms used in the insurance system in 63 provinces and cities. C-HR: In April 2024, CMC successfully launched a smart management solution and extracted candidate profile information for TH Group. At the same time, we are deploying a candidate search and suggestion system, AI chatbot for human resources and legal affairs for TH Group. C-LS: This AI software is designed to detect overlaps and conflicts in authority and validity in legal documents, helping to improve efficiency in the law-making process. C-OCR for the automotive industry: developed at the request of a leading Japanese automaker, allowing the extraction and linking of information about vehicle components from documents and technical drawings to the central data warehouse, helping businesses optimize information search, manage spare parts and save operating costs. AI infrastructure platform: CMC is proud to be one of the first telecommunications units in Vietnam to provide AI infrastructure platforms for many famous corporations at home and abroad. 
For more than 31 years since its establishment, CMC Technology Group has actively invested, researched, developed and applied AI transformation solutions and technologies.
| "AI Transformation (AI-X) is the process of applying AI technology to comprehensively change the way of working and interacting in all areas of society, from government, businesses to people's lives. The goal of AI Transformation is to leverage the potential of AI technology to improve performance, increase value and create a digital economy, improve the quality of life and promote sustainable and green development." Chairman Nguyen Trung Chinh spoke about AI Transformation. |
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