Vietnam ranks 5th/10 in "Government AI Readiness Index 2023"

Vietnam is assessed to possess many favorable conditions to promote AI, from government support policies, potential human resources, to readiness for international cooperation and attracting foreign investment.

According to Statista, the global Artificial Intelligence market size is expected to reach US$184 billion by 2024.

The market size is expected to show a compound annual growth rate (CAGR 2024-2030) of 28.46%, resulting in a market volume of US$ 826.70 billion by 2030.

In Vietnam, in recent years, Vietnam has been recognized for its remarkable progress, ranking 5th out of 10 countries in ASEAN and 59th out of 193 countries and territories in the world in the "Government AI Readiness Index 2023" according to Oxford Insights.

Vietnam's first artificial intelligence robot is named Tri Nhan.

Notably, this is the third consecutive year that Vietnam has surpassed the global average, affirming strong development in the field of artificial intelligence.

Vietnam is assessed to possess many favorable conditions to promote AI, from government support policies, potential human resources, to readiness for international cooperation and attracting foreign investment.

Typically, Vietnam has prepared a draft Law on Digital Technology Industry and devoted a whole chapter to regulating artificial intelligence to ensure the encouragement, development, and application of artificial intelligence and have measures to manage and minimize risks to ensure that this digital technology is exploited responsibly, promoting trust and ensuring human safety.

The draft Law emphasizes that artificial intelligence serves human prosperity and happiness, is human-centered, and improves productivity and work efficiency; provides inclusive, fair and non-discriminatory access; respects ethical values, human rights and interests, and protects privacy; ensures transparency, explainability, accountability, and the ability to control algorithms and artificial intelligence models, etc.

The draft Law regulates risk management for artificial intelligence systems; responsibilities of parties involved in the development, provision, deployment and use of artificial intelligence systems; labels and processes and procedures for labeling digital technology products created by artificial intelligence systems.

In addition, the draft Law also stipulates a mechanism for controlled testing of digital technology products and services. This is a very important and breakthrough mechanism that creates a strong enough legal corridor to support the development of the digital technology industry in general and artificial intelligence in particular.

Source: https://www.baogiaothong.vn/viet-nam-dung-thu-5-10-ve-chi-so-san-sang-ai-cua-chinh-phu-nam-2023-19224122719485238.htm