With limited data resources and reliance on the will of programmers, AI-powered applications such as ChatGPT can give incorrect answers to user queries. Vietnamese technology experts said the possibility of AI-based applications such as ChatGPT being able to replace humans in performing professional tasks is not on the horizon in the near future. The AI-powered app ChatGPT launched by US-based tech developer OpenAI has received some 100 million users. Photo: AFP/VNA Launched in late November 2022 by the US-based tech firm OpenAI, the popular artificial intelligence chatbot has reached more than 100 million users in the last two months (as of January-end). The AI-powered program has answered millions of questions, and the texts it generated have almost surprised everyone. The chatbot has been asked to write poems and media articles, do the math, resolve logical topics, and even mentor people in dealing with their life problems. For … [Read more...] about Artificial intelligence programs can’t replace human: Experts
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What to do with ChatGPT
I wanted to address my staff on the first working day after the Tet holidays, but instead of writing a speech by myself, I asked ChatGPT to do it by using three keywords: "optimism," "speed" and "resilience." It finished the speech in 15 seconds. It was terrific though I had to edit it a little bit. The AI tool knew how to express my ideas logically based on the keywords I provided. The speech expressed the foundation, the connection between these keywords, and the central point. Moreover, the structure of the speech was excellent, making a reference to the current economic situation and highlighting the key points and conclusions. The writing was coherent, and the wording is suitable for business executives and consultants. ChatGPT by U.S. startup OpenAI is estimated to have reached 100 million active users in January, just two months after launch, making it the fastest-growing consumer app in history, according to a study released on February 1 by analytics firm UBS. This … [Read more...] about What to do with ChatGPT
Viet Nam wrestles with labour productivity issue when heading to innovation-based development
Vo Tri Thanh *Vo Tri Thanh Viet Nam achieved and exceeded 14 out of 15 targets assigned by the National Assembly for 2022 with many impressive numbers including GDP growth, export turnover and the number of newly-established and re-opened businesses. Only labour productivity was under expectations. Viet Nam’s labour productivity was expected to increase by between 4.7 per cent and 5.2 per cent on average in 2022, higher than the average growth rate of 4.7 per cent in 2021 but behind the target of 5.6 per cent set for the whole of 2022. On January 10 this year, the Government issued Resolution No 06/NQ-CP on the development of a modern, efficient, sustainable and integrated labour market serving quick socio-economic recovery, setting the average labour productivity target for 2023 at more than 6.5 per cent. Labour productivity is an important economic indicator that is closely linked to economic growth, competitiveness and living standards within an economy. According to … [Read more...] about Viet Nam wrestles with labour productivity issue when heading to innovation-based development
Hanoi to spearhead the nation’s industrialization efforts until 2030
Vietnamese people's cultural and human values should be central to the capital’s industrialization process. Hanoi aims to spearhead the nation's industrialization and modernization until 2030, with an eye on 2045. Hanoi has seen major transformation over the years. Photo: Pham Hung According to the municipal Party Committee, the goal of the plan is to transform the mindset and build consensus in the political system and people to achieve socioeconomic development objectives. The Party Committee emphasized the use of science-technology and innovation, specifically Industry 4.0 advancements, as a key solution for the country’s modernization in the 2021-2030 period. “This would help Vietnam to make breakthroughs in productivity and improve the economy's competitiveness,” stated the plan. For Hanoi, the plan identifies key targets for economic growth, enhancing socio-cultural values, urban development, and environmental protection. By 2030, Hanoi and other … [Read more...] about Hanoi to spearhead the nation’s industrialization efforts until 2030
$8 billion to be pumped into Vietnam’s Central Coast
Seven international partners will support the investment in infrastructure, transport, urban development, and climate response. Nearly US$8 billion will be pumped into Vietnam's Central Coast region to support the socio-economic development of the region towards sustainability and climate adaptation. An overview of the signing and awarding ceremony. Photo: Trung Nhan/The Hanoi Times The value was announced at a signing ceremony held on February 5 between the Ministry of Planning and Investment and international partners. Accordingly, the local authorities granted investment certificates and approved investment policies and investment cooperation for domestic and international investors. Among the investment deals, seven development partners are committed to providing a total capital of more than US$1.7 billion in 45 projects. The partners included the Asian Development Bank (ADB), the French Development Agency (AFD), the International Fund for Agricultural … [Read more...] about $8 billion to be pumped into Vietnam’s Central Coast
PM meets with leaders of Japanese conglomerates
At the reception for Tatsuo Yasunaga, President and CEO of Mitsui & Co Ltd., the Government leader praised the company’s business performance in Vietnam, particularly in processing and distributing of local aquatic products. PM Phuc welcomed a joint project between Mitsui and Minh Phu Seafood Corporation which could push the shrimp export value of the major shrimp farming business in Vietnam to 1 billion USD. Yasunaga informed his host of the success of the joint project, which has seen over 150 million USD invested in improving Minh Phu’s processing, business management and export capacity, adding the sides plan to focus on upgrading refrigeration equipment and expanding export markets, particularly targeting Russia apart from the US. In another meeting with Han Chang-woo, chairman and CEO of Maruhan Corporation, PM Phuc said Vietnam is pressing ahead with effective equitisation of Stated-owned enterprises (SOEs), particularly in transport, infrastructure, construction, … [Read more...] about PM meets with leaders of Japanese conglomerates
Taiwanese pop star dances to Vietnamese viral hit
Tsai uploaded the video on Instagram, which shows her dancing to "See Tinh" with friends, in early May, and it was shared widely on social media and forums. Many of her fans downloaded the video as they love her dancing. Tsai's fanpage manager credits "See Tinh" in the caption for the video: "Jolin Tsai’s first show in the new year is a dance to Hoang Thuy Linh’s viral song on Douyin." Douyin is the Chinese version of TikTok. Tsai, 43, is the most successful singer in Taiwan. Dubbed the "Queen of C-Pop", she is considered one of the most influential artists in Chinese pop culture. She's also credited as a key figure in mainstream dance-pop music in China. The "See Tinh" fever is continuing to spread on Douyin and other video platforms in China. For its virality, the Chinese media called it a "superhit." Videos of people using and dancing to this tune have exceeded four billion views. Many people said they feel like this song is everywhere recently. The fans love "See Tinh" for … [Read more...] about Taiwanese pop star dances to Vietnamese viral hit
Miranda Lambert dons Vietnamese-designed gown at Grammys
The 39-year-old country singer turned heads with a custom, black down dripping in silver fringe. The gown was developed from a design in Le Thanh Hoa's collection named Sa Vu, which was released in April last year. Lambert chose black, pointy-toe heels to go with the dress and avoid using too much jewelry and accessories. Miranda Lambert (L) and her husband Brendon McLoughlin on the Grammy Awards red carpet on February 5, 2023. Photo by AFP Hoa said Lambert's team contacted him in late December and ordered the gown for the 65th Grammy Awards. He combined the available design with Lambert's country style to produce an elegant and attractive look. It took him 168 hours to complete the gown. Miranda Lambert is well-known for hits like "Tin Man" and "The House that Built Me." In her career, she has won three Grammys and is the most-awarded artist in the history of Academy of Country Music Awards with 29 wins. Le Thanh Hoa, 38, has designed outfits for many Vietnamese … [Read more...] about Miranda Lambert dons Vietnamese-designed gown at Grammys
Pressure on to support new economic growth
The latest move from the Fed marked eight consecutive rate hikes since March 2022, with no signs that it has reached the peak of its hike journey. Assoc. Prof. Dr. Dinh Trong Thinh, a financial expert from the Vietnam Association of Financial Advisers, predicted that a rate hike of 25 percentage points was anticipated. Thinh stated that, in general, the pressure on the USD/VND exchange rate from the Fed’s interest rate hike is not significant. Pressure on to support new economic growth, photo Le Toan Dr. Le Dang Doanh, former head of the Central Institute for Economic Management, also believes that the Fed’s interest rate rise is targeted to contain inflation in the US, since inflation has begun to fall from the previous year’s low level. The USD price will adjust as a result. “A change in the price will influence the exchange rate between it and VND, impacting import-export businesses and foreign-invested enterprises,” said Doanh. On the other hand, deposit interest … [Read more...] about Pressure on to support new economic growth
Tourism – a source of growth in Vietnam for 2023: HSBC
Foreign tourists visit Vietnam (Photo: VNA) HCM City (VNA) - Despite near-term trade headwinds, tourism has emerged as a source of growth for Vietnam to mitigate the challenges ahead in 2023, according to the “Vietnam at a glance” report released by HSBC on February 6. The report stressed that January’s data showed Vietnam continues to face difficulties in trade and the inflationary pressure of increasing prices. However, in spite of slowing trade, there are still pockets of resilience in Vietnam’s economy, and tourism will be a key one in 2023. Following its re-opening last March, Vietnam’s domestic tourism has been soaring, easily surpassing its 2022 target of 60 million to over 100 million tourists. Meanwhile, international tourism, which previously accounted for 60% of tourism receipts, saw a tepid recovery post COVID-19, with tourist arrivals reaching 3.6 million, only 20% of 2019’s level. But there are good reasons to expect a more meaningful recovery, in … [Read more...] about Tourism – a source of growth in Vietnam for 2023: HSBC