Introduction

As Vietnam steps further into the digital age, the year 2024 marks a pivotal point in the nation's AI revolution. Over the past few years, Vietnam has rapidly emerged as a key player in AI innovation, and 2024 is no different with significant advancements and initiatives further shaping the landscape. This article delves into the current state and prospects of AI startups in Vietnam, highlighting key trends, notable startups, supportive measures driving growth, and the increasing use of AI-driven platforms like ChatGPT.

Current Landscape

A Thriving Ecosystem

Vietnam's AI startup ecosystem continues to flourish in 2024, characterized by a dynamic mix of innovation and entrepreneurial spirit. With over 400 tech startups, many of which focus on AI, the country is positioning itself as a regional AI hub. The primary centers for these tech startups are the capital city of Hanoi and the economic powerhouse Ho Chi Minh City.

Key Sectors

1. Healthcare: AI is being leveraged to improve diagnostics, treatment plans, and patient care. Startups are developing AI-powered tools for early disease detection, medical imaging, and telemedicine.
2. Finance: Fintech is another area where AI startups are making their mark, offering services such as fraud detection, credit scoring, and automated customer service.
3. Education: Edtech startups are using AI to personalize learning experiences, create intelligent tutoring systems, and develop adaptive learning platforms.
4. Retail and E-commerce: AI technologies are being used for customer behavior prediction, inventory management, and personalized marketing.

Surge in AI Platform Usage

In 2024, the use of AI-driven platforms like ChatGPT has reached unprecedented levels in Vietnam. It's estimated that over 5 million people regularly use ChatGPT for various applications ranging from educational support, business automation, customer service to personal productivity.

Notable Startups and Their Profiles

1. FPT.AI
   • Founded: 2016
   • Headquarters: Hanoi
   • Speciality: A subsidiary of FPT Corporation, FPT.AI offers a comprehensive suite of AI solutions, including virtual assistants, natural language processing, and computer vision technologies.
   • Notable Achievements: Successfully implemented AI-driven customer support systems in major Vietnamese banks.
2. Aimesoft
   • Founded: 2019
   • Headquarters: Ho Chi Minh City
   • Speciality: Specializing in multi-modal AI, Aimesoft develops solutions that integrate language and visual data, offering applications in sectors such as finance, healthcare, and retail.
   • Notable Achievements: Developed AI-powered tools for cross-media content analysis and customer insights.
3. KardiaChain
   • Founded: 2018
   • Headquarters: Ho Chi Minh City
   • Speciality: A blockchain startup that leverages AI to enhance its decentralized network, aiming to solve interoperability challenges within the blockchain ecosystem.
   • Notable Achievements: Successfully implemented cross-chain AI solutions to enhance security and efficiency in blockchain transactions.
4. Vbee
   • Founded: 2018
   • Headquarters: Hanoi
   • Speciality: Focused on AI-powered speech and language processing, Vbee provides solutions for Text-to-Speech (TTS) and automated customer service platforms.
   • Notable Achievements: Developed a state-of-the-art TTS system in Vietnamese, deployed in major telecommunications companies.

Trends Shaping 2024

Increased Investment