On August 22 and 23, 2024, InnoEx 2024 – Southeast Asia’s Leading Innovation Forum & Exhibition takes place in Ho Chi Minh City.
The event is organized by leading dynamic Business Communities in Vietnam including: Young Business People Association of Ho Chi Minh city (YBA), Business Startup Support Centre – Ho Chi Minh City (BSSC), Investment & Business Partners (IBP) under the direction of Ho Chi Minh City People’s Committee.
InnoEx 2024, a groundbreaking innovation exhibition and forum held in Ho Chi Minh City, attracted a record-breaking 4,000 CEOs, 72 investment funds and 262 exhibiting businesses.
This is considered one of the largest innovation exhibitions and forums in the region, introducing a series of advanced technology products such as electric vehicles, delivery systems, AI applications in the fields of finance, logistics and health.
Speaking at the opening ceremony, Mr. Bui Xuan Cuong – Vice Chairman of the Ho Chi Minh City People’s Committee – affirmed that Ho Chi Minh City is the most dynamic innovation center in the country, accounting for 50% of the number of startups, 40% of incubators, 44% of investment capital and 60% of large deals.
He hopes that this event will help Ho Chi Minh City maintain its position as an economic locomotive and an attractive destination for investors and innovative businesses.
Another highlight of the event was the application of AI in many fields. Mr. Il Dong Kwon, CEO of BCG Vietnam, shared that businesses applying Generative AI (GenAI) have recorded growth of at least 2.6% and saved up to 95% of costs for marketing activities.
In the banking sector, AI helps organizations such as UBS and JP Morgan increase work efficiency by 6 times, significantly reducing costs for customer service departments.
In healthcare, AI is also creating major breakthroughs. Mr. Steven Truong, founder of Vinbrain, said that despite many challenges in integrating AI into the hospital system in Vietnam, the benefits that AI brings are undeniable. Some tasks that take humans up to 10 years to complete, AI only needs 11 hours to process. “Therefore, applying AI is inevitable no matter how difficult it is. We just have to know how to use AI properly,” said Mr. Steven.
InnoEx 2024 is not only a playground for new ideas, but also a bridge for startups and investment funds to seek cooperation opportunities. The event has proven that Ho Chi Minh City is not only an economic center but also a leading destination for innovation in Southeast Asia.
