GenAI Summit 2024 opens in Ho Chi Minh City. (photo: Thu Huong/VNA)

AI experts said Vietnam holds significant advantages in AI development thanks to its favourable market conditions, abundant human resources, and a dynamic startup ecosystem.

Le Viet Quoc, a senior expert at Google, stated that the Vietnamese government has implemented various policies to encourage startups and technology investments, creating a conducive environment for AI enterprises to thrive and compete on the international stage.

Vietnam’s startup ecosystem attracted over $1 billion in investments in 2023.

Experts also believed that Vietnam’s strong educational foundation, particularly in mathematics and science, provides a solid base for AI development.