Vietnam Enacts New Artificial Intelligence Law: Golden Opportunity for Entrepreneurs And Beginners
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Imagine you're sitting in a small coffee shop in Saigon, scrolling through news and suddenly reading the headline: “Vietnam Enacts New Artificial Intelligence Law”. Your heart beats a little faster. As a young entrepreneur or someone just stepping into the business world, you can't help but wonder: What does this mean for my future? Is AI a “double-edged sword” or an opportunity for me to break through?
I remember like it was the first moment I heard about AI – when ChatGPT exploded a few years ago, turning vague ideas into practical tools. Now, with Vietnam's new Artificial Intelligence Law, things are really changing. This law is not just a dry legal document; it is the key to opening the door to sustainable development, innovation and global competition. In this article, we will explore deeply about the law, from foundation to real applications, especially for beginners and entrepreneurs seeking competitive advantages. Join me – a technology and business enthusiast - to journey through this, with friendly language like chatting over iced tea.
Foundation Of The New Artificial Intelligence Law In Vietnam
Vietnam enacting the new Artificial Intelligence Law is not random. In the context of the world racing with AI – from the US with FTC regulations to the EU with AI Act – vietnam is affirming its position as a pioneering country in Southeast Asia. This law was passed by the National Assembly in 2024, officially effective from the beginning of 2025, marking the transformation from a manufacturing economy to a digital economy based on artificial intelligence.
History Of Formation And Reasons For Enactment
Let's go back in time a bit. From the 2010s,Vietnam began investing in digital technology through the National Strategy on Industry 4.0 Revolution. But AI really exploded after the COVID-19 pandemic, when businesses used AI to forecast demand, optimize supply chains. According to the report of the Ministry of Information and Communications, Vietnam has over 50,000 tech startups, but the lack of clear legal framework holds many ideas back by legal risks.
The new Artificial Intelligence Law was born to fill that gap. It not only regulates intellectual property rights related to AI but also ensures data safety, ethics of use and legal responsibility. For example, the law classifies AI by risk level: from basic AI (like virtual assistants) to high-risk AI (like healthcare systems or surveillance), requiring licenses and periodic audits. This helps new entrepreneurs like you invest confidently, without worrying about “unjust fines” for unintentional violations.
Think about Minh's story, a young entrepreneur in Hanoi. He once dreamed of building an AI app for diagnosing agricultural diseases, but was hesitant about personal data. With the new law, he confidently started up, receiving support from state investment funds. That is the power of the legal framework – turning fear into motivation.
Key Points In The New Artificial Intelligence Law
This law consists of 8 chapters, more than 50 articles, focusing on four main pillars:
- Protecting Intellectual Property Rights: AI-generated content (content created by AI) is now recognized as intellectual property. If you use AI to write code or design, you have the right to register copyright, just like human creations. This is especially useful for entrepreneurs creating content or developing software.
- Data Safety And AI Ethics: The law prohibits using AI for discrimination (bias), requiring transparency in algorithms. For example, if your AI uses data from Vietnamese users, it must comply with the 2018 Cybersecurity Law, combined with new regulations on “right to be forgotten” - allowing individuals to delete data from AI systems.
- Support For Development And Investment: The government commits to investing 1% GDP in AI by 2030, with tax incentives for AI startups. New entrepreneurs can access support funds up to 500 million VND for pilot projects.
- Legal Responsibility: If AI causes damage (like self-driving car accidents), the developer bears primary responsibility, but the law has mechanisms to share with users if they misuse it.
These regulations not only protect but also promote creativity. According to the World Intellectual Property Organization (WIPO), countries with clear AI laws have digital economic growth of 20% per year. Vietnam is on the right track, and you – dear reader – can be part of this revolution.
Impact Of the New Artificial Intelligence Law On Vietnam's Economy
Vietnam issuing the new Artificial Intelligence Law is not only good news for the tech community; it is a driving force for the entire economy. With GDP growth of 6-7% per year, AI can contribute an additional 1 trillion USD by 2030, according to McKinsey estimates. But how will this happen? Let's analyze together through
