Thailand prepares for national AI strategy’s second phase

By Vietnam News Agency
Wed, March 13, 2024 | 11:06 am GMT+7

The development of an artificial intelligence (AI) workforce and the creation of a Thai large language model (ThaiLLM) are among the six proposed flagship projects under the second phase of Thailand's national AI strategy and action plan.

Chai Wutiwiwatchai, deputy chairman of the National AI Policy and Action Plan Steering Committee, said a new National AI Committee is pending appointment by Prime Minister Srettha Thavisin and plans to begin implementing the second phase for 2024-27.

Thailand will spend THB1.5 billion ($42 million) on AI development projects. Photo courtesy of iStock.

Thailand will spend THB1.5 billion ($42 million) on AI development projects. Photo courtesy of iStock.

An estimated budget of THB1.5 billion ($42 million) is required for these projects, with THB1 billion dedicated to the development of 30,000 AI-skilled workers, including engineers and beginners.

The National Electronics and Computer Technology Center (NECTEC), secretary of the steering committee, recently held a confidential hearing where details of the proposed projects were shared by associated organisations.

Tiranee Achalakul, president of the Big Data Institute, said Travel Link is the institute's AI project to combine tourism data with AI to recommend tourism attraction, elaborating that they will use generative AI to make a tourism chatbot.

According to Tiranee, Travel Link is expected to help local communities earn more revenue from tourism through the insight of travellers.

Nakarin Amarase, senior vice-president for external affairs at Siam Commercial Bank, said the use of AI to strengthen the fraud detection system is essential to reduce losses from financial fraud.

From March 17, 2023 to Feb 29, 2024, losses from cybercrime totalled THB27 billion ($750 million) from an average of 645 cases per day, he said.

Kobkrit Viriyayudhakorn, president of the AI Entrepreneur Association of Thailand, said ThaiLLM is an important project which is expected to require a budget of THB120 million to create an open source ThaiLLM foundation and chatbots to offer information on health, travel and the environment.

They aim to employ 590 AI workers for the project and encourage the creation of Thai AI startups, reducing both costs and reliance on foreign AI, he added

Comments (0)
  • Read More
New stock trading system KRX must come on stream in 2025: regulator

New stock trading system KRX must come on stream in 2025: regulator

The State Securities Commission (SSC) of Vietnam has demanded stock exchanges and related entities to launch the new stock trading system KRX in 2025.

Finance - Wed, December 18, 2024 | 11:40 am GMT+7

Hong Kong-invested battery maker GPPD raises Vietnam investment to $35 mln

Hong Kong-invested battery maker GPPD raises Vietnam investment to $35 mln

Singapore-incorporated GPPD Pte. Ltd., a subsidiary of Hong Kong-based Gold Peak Technology Group Limited, has increased its investment in Vietnam’s southern province of Binh Phuoc to $34.6 million.

Industries - Wed, December 18, 2024 | 11:17 am GMT+7

Vietnam interest rate unlikely to fall further: experts

Vietnam interest rate unlikely to fall further: experts

Interest rates in Vietnam are unlikely to decrease further and may even rise slightly in the near future, according to Pham The Anh, chief economist at the Vietnam Economic and Strategy Research Center (VESS).

Economy - Wed, December 18, 2024 | 10:04 am GMT+7

Vietnam an important partner of Guangdong-Hong Kong-Macao Greater Bay area: Sunwah Group chairman

Vietnam an important partner of Guangdong-Hong Kong-Macao Greater Bay area: Sunwah Group chairman

Through Hong Kong, an international financial center, Vietnamese businesses can more easily and effectively access the Guangdong-Hong Kong-Macao Greater Bay, says Sunwah Group chairman Jonathan Choi.

Economy - Wed, December 18, 2024 | 8:17 am GMT+7

Hanoi plans to start work on metro line 2 next year

Hanoi plans to start work on metro line 2 next year

Hanoi is set to start the construction of a section of its metro line 2 next year at a cost of VND35.58 trillion ($1.45 billion).

Infrastructure - Tue, December 17, 2024 | 9:15 pm GMT+7

Bamboo Capital highlights role of businesses in advancing Vietnam’s circular economy

Bamboo Capital highlights role of businesses in advancing Vietnam’s circular economy

Dr. Hoang Trung Thanh, a senior leader of Vietnam's conglomerate Bamboo Capital Group, emphasized the pivotal role of businesses in driving Vietnam’s green economy strategies during his speech at the recent Vietnam Circular Economy Forum 2024.

Bamboo Capital - Tue, December 17, 2024 | 8:15 pm GMT+7

F88 partners with MB to transform over 850 financial stores into bank transaction offices

F88 partners with MB to transform over 850 financial stores into bank transaction offices

Military Commercial Joint Stock Bank (MB) and leading consumer finance firm F88 on Monday officially signed a comprehensive cooperation agreement.

Companies - Tue, December 17, 2024 | 8:15 pm GMT+7

Vietnam’s e-commerce boom: a $5.8 bln opportunity by 2028

Vietnam’s e-commerce boom: a $5.8 bln opportunity by 2028

Vietnam’s business-to-consumer (B2C) e-commerce export value is estimated at VND145.2 trillion ($5.8 billion) by 2028, with micro, small and medium-sized enterprises (MSMEs) projected to contribute 25%.

Southeast Asia - Tue, December 17, 2024 | 7:32 pm GMT+7

Vietnam's retail giants to ensure sufficient supply, steady prices of Lunar New Year holiday goods

Vietnam's retail giants to ensure sufficient supply, steady prices of Lunar New Year holiday goods

Saigon Co.op has stockpiled more than 12,000 tons of essential goods traditionally consumed for the upcoming Lunar New Year (Tet) holiday in late January, or 30-50% higher than normal.

Southeast Asia - Tue, December 17, 2024 | 7:28 pm GMT+7

Indonesia offers tax incentive to hybrid car makers

Indonesia offers tax incentive to hybrid car makers

Indonesia will offer a sales tax incentive on Government-borne Luxury Goods (PPnBM DTP) of 3% for hybrid cars from next year.

Southeast Asia - Tue, December 17, 2024 | 7:21 pm GMT+7

Indonesia ready to establish bullion banks

Indonesia ready to establish bullion banks

Indonesia is ready to set up bullion banks after developing its capability to produce gold bars domestically, according to Minister of State-Owned Enterprises (SOEs) Erick Thohir.

Southeast Asia - Tue, December 17, 2024 | 7:19 pm GMT+7

Thailand, South Korea begin third round of Economic Partnership Agreement talks

Thailand, South Korea begin third round of Economic Partnership Agreement talks

Thailand and South Korea on Tuesday kicked off the third round of their talks for an Economic Partnership Agreement (EPA) aimed at broadening trade and investment exchanges, according to the latter's Ministry of Trade, Industry and Energy.

Southeast Asia - Tue, December 17, 2024 | 7:16 pm GMT+7

Thailand to spend nearly $9 billion to upgrade railway system

Thailand to spend nearly $9 billion to upgrade railway system

Thai Transport Minister Suriya Jungrungreangkit has announced a plan to accelerate work on the second phase of the country’s railway system upgrade next year.

Southeast Asia - Tue, December 17, 2024 | 7:14 pm GMT+7

Large housing supply to come from Vinhomes in 2025: exec

Large housing supply to come from Vinhomes in 2025: exec

Leading housing developer Vinhomes will supply the Vietnamese market with "a large volume of goods" in 2025, especially in Hanoi, Hai Phong, Long An and Ho Chi Minh City's Can Gio district, says its director of investment Pham Anh Khoi.

Real Estate - Tue, December 17, 2024 | 5:19 pm GMT+7

Japan’s Sojitz launches $500 mln beef processing plant in Vietnam

Japan’s Sojitz launches $500 mln beef processing plant in Vietnam

Sojitz on Tuesday put its $500 million beef processing plant in the northern province of Vinh Phuc into operation, the Japanese firm said in a release.

Industries - Tue, December 17, 2024 | 5:02 pm GMT+7

US First Solar, Vietnam power firm PECC2 boost renewable energy ties

US First Solar, Vietnam power firm PECC2 boost renewable energy ties

Vietnam’s Power Engineering Consulting JSC 2 (PECC2) and the United States’ First Solar will collaborate in utilizing the direct power purchase agreement (DPPA) mechanism and distributing the latter’s photovoltaic (PV) modules.

Energy - Tue, December 17, 2024 | 3:35 pm GMT+7