Artificial Intelligence (AI) and its impact on dual transformation for Vietnamese SMEs

Artificial intelligence (AI) is becoming increasingly popular, especially with the small and medium business community as well as in promoting dual transformation.

AI helps connect smart networks, where data, processes and people operate in unison. (Photo: HNV)

It enables real-time resource optimization and emission reduction, green supply chain management and ESG transparency, environmental impact assessment and simulation, linking individual digital activity chains into an intelligent “neural network”, and exploiting big data for deep forecasting and personalization.

In reality, current international standards are creating compliance pressure in production and business. Regarding new trends in dual transformation, experts see that there are currently 3 trends including: Green AI - Increasing efficiency, reducing emissions, demonstrating commitment to sustainability; Cloud & Edge Computing - Flexible, economical and environmentally friendly; Blockchain - Meeting international standards, increasing transparency and competitive advantage.

International experience in AI-driven applications with dual transformation

Cover of the report of the Department of Private Enterprise Development and Collective Economy ( Ministry of Finance ).

Experiences from Germany, South Korea, and Singapore also show that building data infrastructure and emission management for small and medium-sized enterprises; developing large-scale support funds such as BIK; integrating dual conversion into export strategies. Accordingly, building a NetZero roadmap for each industry and a credit guarantee mechanism similar to K-Green Guarantee as well as building a green conversion fund and a set of technical standards for pillar industries.

Based on the summary of lessons learned from typical countries, the Department for Private Enterprise and Collective Economic Development has proposed orientations to promote dual transformation of small and medium-sized enterprises focusing on four key areas:

First, no pressure, no transformation. Therefore, we need to consider legislating climate targets, improving data capacity, technology and innovation.

Second, digital infrastructure is the foundation for small and medium-sized enterprises to exceed international standards, so it is necessary to invest in digital infrastructure (IoT, blockchain, Digital Twin) to help businesses comply, optimize costs, operate effectively and expand exports.

Third, green finance, turning costs into transformation opportunities on the basis of building a cross-sectoral support framework to reduce risks and create momentum for transformation.

Fourth, orienting a clear national roadmap in which to design a synchronous action program, placing small and medium enterprises at the center.

AI helps businesses continuously adapt and innovate products and business models.

Not only a productivity support tool, artificial intelligence (AI) is also considered a platform to help businesses develop dual, digital transformation and green transformation for sustainable development.

According to the Department for Private Enterprise and Collective Economy Development (Ministry of Finance), by 2024, more than 90% of Vietnamese small and medium-sized enterprises have at least one form of digital technology application in their operations, but only a small portion are systematically exploiting AI. Meanwhile, the world is entering a period of exponential AI development, with 77% of global enterprises using AI to measure energy consumption and detect waste in production.

Ms. Nguyen Huong Quynh, CEO of innovation platform BambuUP.

According to a report by the Department for Private Enterprise and Collective Economy Development (Ministry of Finance), although accounting for 98% of the total number of enterprises, most small and medium enterprises are in the "initial transformation" stage, mainly focusing on production automation and export data reporting, while lacking investment in quality control, maintenance or emissions management. Therefore, sharing with Nhan Dan Newspaper, Ms. Nguyen Huong Quynh, CEO of the innovation platform BambuUP, commented that AI is the factor that can help connect into a smart network, where data, processes and people operate in unison.

The report "Artificial Intelligence (AI) and its impact on dual transformation for Vietnamese SMEs" was recently launched by the Department for Private Enterprise and Collective Economy Development (Ministry of Finance) to deeply analyze the current status of digital and green transformation of Vietnamese enterprises, especially small and medium enterprises, identify opportunities and challenges of Vietnamese enterprises and propose specific solutions, suitable to capacity and resources. The report consists of 5 parts (Part 1: Global and Vietnamese dual transformation context; Part 2: Overview of AI and applications in dual transformation; Part 3: Application of artificial intelligence in dual transformation for Vietnamese SMEs; Part 4: Efforts of the Department for Private Enterprise and Collective Economy Development in supporting Vietnamese SMEs in dual transformation; Part 5: Appendix).

HA ANH

Source: https://nhandan.vn/intelligence-artificial-effects-and-effects-on-both-businesses-and-kings-of-vietnam-post922689.html