Digital Biz

The science and technology ministry proposed an additional incentive: a "total land rent exemption for the entire lease term for strategic technology R&D centers, high-tech R&D centers, and strategic technology enterprises."

Vietnam currently has four unicorns, the third-highest number in Southeast Asia, and could have at least eight billion-dollar startups by 2030.

Transportation is already being transformed by AI to differing degrees in Vietnam and elsewhere in Southeast Asia.

The move aims at reinforcing Vietnam's commitment to building a competitive semiconductor sector and advancing its high-tech industrial ambitions.

The target is part of a draft National AI Strategy recently released for public consultation.

The deployment of AI must be considered from a long-term perspective for it to fully benefit transportation.