According to Chairman of FPT Corporation Truong Gia Binh, Vietnam has a position and is shining on the
world technology map , ‘we have a technological force that many countries can only dream of having’.
Referring to issues related to data and artificial intelligence (AI) at the Vietnam Technology Impact Conference 2024 organized by SSI Digital on December 3 in Hanoi , Chairman of the Board of Directors of FPT Corporation Truong Gia Binh emphasized that the world is entering an unprecedented historical period, becoming unstable and unpredictable, a new world is gradually emerging.
“In such a context, everyone must think about how to deal with the future. Maybe we should act from the perspective of
workers , 75% of jobs in Vietnam will disappear by 2030. Maybe we should also think from the perspective of a company, how to be resilient and continue doing business,” Mr. Binh raised the issue.
According to the Chairman of FPT Corporation, Vietnam has a position and is shining on the world technology map.
“Mr. Narayana Murthy, founder of Infosys Technologies, said that in the world, only Vietnam and India have companies that can export software worth over 1 billion USD. Vietnam ranks second after India in software exports. We have a technological force that many countries cannot even dream of having,” said Mr. Binh.
According to Mr. Binh, it is no coincidence that Mr. Jensen Huang, CEO of Nvidia, said that Nvidia chose Vietnam as its “second home”. “In the AI era, Nvidia chose Vietnam as its home and many other companies will continue to choose Vietnam as their home”, Mr. Binh believes.
In the current context, the Chairman of FPT Corporation believes that the most important thing, playing a central role, is data. Data is AI, blockchain…, everything revolves around data. Data has become the most important fuel for every economy.
“The new world order is established on the basis of which country holds and manages data better. This is an extremely big challenge because data is so specific and different. How to have enough data, clean data, usable data; how to own data, how to protect and distribute data… are issues that need to be thought about,” Mr. Binh emphasized.
Blockchain businesses lose competitive advantage with Thailand, Singapore
According to Mr. Nguyen Duy Hung, Chairman of SSI Securities Corporation, the past decade has witnessed the remarkable development of technology globally, especially in the field of digital assets, including blockchain, cryptocurrencies, asset tokenization and decentralized applications (DeFi).
Vietnam is a country with a young population, technology-loving and willing to experiment with new trends. This creates favorable conditions for Vietnam to become a center for digital asset development in the region. However, in reality, due to the lack of a clear legal framework, this field is still facing many challenges.
“Enterprises in the blockchain and digital asset sector in Vietnam still have to operate in a lack of direction, causing them to lose their competitive advantage compared to neighboring countries such as Singapore or Thailand,” said Mr. Hung.
Many technology experts point out that in the financial sector, blockchain has supported cryptocurrency transactions, smart contracts and decentralized financial services without the need for traditional intermediaries such as banks. This helps reduce transaction costs, increase processing speed…
However, besides the advantages and opportunities, blockchain development in Vietnam is facing many challenges, typically the lack of high-quality human resources, market awareness, limited legal regulations…