CMC President attends "Vietnam – leading sustainable investment in ASEAN" seminar

On the morning of 17 January local time, Mr. Nguyen Trung Chinh - Chairman of the Board/Executive President of CMC Corporation, along with other business leaders, attended a seminar themed "Vietnam – leading sustainable investment in ASEAN" held within the framework of the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland (WEF Davos 2024).

The event was hosted by Ministry of Planning and Investment in collaboration with the Embassy of Vietnam in Switzerland, the Swiss Bankers Association, Vinacapital Group and CT Group.

Prime Minister Pham Minh Chinh, Minister of Planning and Investment Nguyen Chi Dung, and representatives from other ministries, agencies, and localities were among the Vietnamese delegation members present at the seminar. In particular, a lot of financial professionals and executives from numerous major financial corporations, including: Mr. Carl Bildt - Former Prime Minister of Sweden; Dr. Philipp Rösler - Former Vice-Chancellor of Germany; Mr. Pascal Gentinetta - Chairman of the Association of Swiss Asset and Wealth Management Banks (VAV), etc. also attended the seminar.

The attendees expressed great enthusiasm about discovering novel investment prospects in Vietnam, as well as policies and regulations concerning import and export, investment attraction, infrastructure development, innovation promotion, artificial intelligence development, sustainable energy transformation, management of exchange rates and monetary policies, and Vietnam's top priorities during this period of transition.

CMC President Nguyen Trung Chinh (3rd from right in back row) takes part in the seminar hosted by Ministry of Planning and Investment, Permanent Mission of Vietnam in Geneva, Young Presidents' Organization (YPO) and VinaCapital Fund

At the event, the Prime Minister announced that Vietnam will persist in advancing three strategic breakthroughs: constructing strategic infrastructure to lower input and logistics costs and boost product competitiveness; developing top-notch human capital; and refining institutions to ease and reduce costs associated with compliance for both individuals and enterprises. The motto stressed by Prime Minister Pham Minh Chinh is: "Policies must be open, infrastructure must be smooth, and governance must be smart. Notwithstanding global instability, we shall continue with these measures in the spirit of sharing risks and harmonizing the interests of the State, people, enterprises, and investors. This is the greatest balance”.

YPO Chairman Emeritus Pascal Gerken and other delegates were impressed that despite global challenges, Vietnam still managed to achieve remarkable socio-economic development outcomes in 2023, where Gross Domestic Product (GDP) was increased by 5.05%, inflation was controlled, and a huge number of foreign direct investment (FDI) was attracted.

Moreover, according to Mr. Thomas Serva, CEO of the Baracoda Group (France), Vietnam is among the most alluring destinations due to its abundant and high-quality human resources as well as positive ties with France. This enterprise wishes to be a part of the construction of innovation centers and artificial intelligence development in Vietnam.


CMC President Nguyen Trung Chinh talks to Mr. Philipp Rösler - former Vice-Chancellor of Germany, former Managing Director of WEF, currently Honorary Consul of Vietnam to Switzerland.

Currently, CMC is a leading IT and telecommunications company in Vietnam with numerous cutting-edge services and solutions utilizing AI technology. CMC has long been at the forefront of helping the nation achieve its objectives for digital society, digital economy, and digital governance. According to the evaluation conducted by the US National Institute of Standards and Technology (NIST), CIVAMS - a solution developed by CMC Applied Technology Institute (CMC ATI) ranked Top 1 in Vietnam and Top 12 globally in 2023 in terms of facial recognition technology (AI FaceID). In addition, CMC ATI has also mastered more than 20 core technologies that have significant application values. CMC Global has made strides to the world by entering numerous new markets. In 2023, a branch of the company found its way to the Singaporean market, and in 2024, CMC will have comprehensive access to key markets in the world, including South Korea, Germany, Europe and the US.

Mr. Nguyen Trung Chinh – Chairman of Board of Directors/Executive President of CMC Corporation said: "It can be said that we had begun our preparations a long time ago. As a result, CMC's technologies have advanced significantly since we include AI into the majority of our goods and services."

CMC is one of the top companies in Vietnam for investing in AI research and development, and it provides both local and foreign clients with excellent and widely useful "made by CMC" AI products. The Corporation support organizations and businesses with a wide range of AI applications, such as: CloudCamera, OCR (for handwriting recognition), Smartcity, AIChatbot, SocialListening, DataMatching, CIVAMS.FACE, etc. According to the head of the Corporation, CMC will keep creating "Made in Vietnam" AI solutions with a ton of amazing features to address typical issues faced by enterprises and communities.