The Future of Artificial Intelligence: Chapter 2 conference at the New World Saigon Hotel in District 1 is being organized by the Singapore-based Launch JDI as the digital transformation arm of JDI Group, in collaboration with the Singapore Chamber of Commerce in Vietnam (SCCV), supported by Singapore Global Network (SGN) and endorsed by Intel and CtrlS-Cloud4C. The Saigon Times Foundation, a non-profit education-oriented organization, is the strategic partner of Launch JDI, assuming the role of promoting the event, in line with the foundation’s endeavor to promote tech and innovation in the country.
The conference is expected to gather 40 speakers and representatives of some 20 tech firms and 60 partners from the host country Vietnam, Singapore and several other Southeast Asian countries, alongside the participation of 500 attendees, who will join a tech exhibition, workshops, and other trade connection activities. It will also feature the participation of major partners like Intel, CtrlS-Cloud4C, Phong Vu, Be Group, VNFOCUS, ISC, Blanc De Blancs, Edelweiss, and Dewar’s among others.
The conference takes place at a time when AI technologies are ushering in drastic changes across the board worldwide, including in Vietnam, especially after the introduction of ChatGPT and Generative AI two years ago that has had widespread impacts and created profound changes. It follows the successful edition last year, The Future of Artificial Intelligence: Chapter 1, which took place on July 28, 2023, in HCM City.
Top issues for discussion
Panel discussions will center on the future of AI in education, banking-financial services and insurance (BFSI), and in retail/manufacturing, according to the organizer.
For example, regarding BFSI, two panelists, one from Standard Chartered Bank and the other from CIMB Vietnam, will go great lengths into the transformative impact of AI on the BFSI sector, giving in-depth insights into the future of BFSI in the AI era, as well as strategic approaches to harnessing AI for innovation and growth. This panel will also delve into how AI is revolutionizing fraud detection, enhancing customer service, and optimizing risk management.
According to the organizer, key objectives of the conference include providing attendees with in-depth knowledge on the latest business trends and technological developments; expanding professional networks and build strategic alliances to create tangible business opportunities and outcomes between Singapore, Vietnam, and beyond; and spotlighting groundbreaking technologies and pioneering innovations emerging from Vietnam, Singapore, and other regional countries.
Participants will have the opportunity to explore the latest innovative AI technologies, gain deep insights, engage in discussions, and forge connections with professionals and AI leaders.
An emerging AI market
AI technologies are relatively new in Vietnam, but many domestic enterprises have braced themselves for technological innovation related to AI, especially in areas like BFSI, healthcare and education. The Government in 2021 issued the National Strategy on AI Research, Development and Application until 2030.
According to a report released by Oxford Insight and Statista, Vietnam ranked 55th in the world on Government AI Readiness Index in 2022, jumping 21 places from the preceding year. In 2023, however, Oxford Insight put Vietnam’s Government AI Readiness Index at 59th in the world, slipping four places from the preceding year.
The market size for AI technologies in Vietnam is expected to reach US$1 billion by 2026, data from the AI4VN2023 forum taking place in Hanoi in September 2023 showed. Generative AI alone is expected to generate VND14 trillion for the local digital economy by 2030, according to Lao Dong.
At a forum in Hanoi, Vu Trong Dao, deputy director of VNPT AI, observed that while the business community has largely readied themselves for AI technologies, only some 16% of domestic enterprises have applied AI to their business operations, far lower than the average rate of 33% in Asia and 36-37% in the world.
A survey conducted by the US-based Gartner estimated the global AI-related software market at US$135 billion in 2025, but its compounded annual growth rate is accelerating, from 14.4% in 2021 to over 31% in 2025, expanding by leaps and bounds in the years to come.
