The report, produced by the GenAI Fund in collaboration with Amazon Web Services, Databricks, and Vietnam’s National Innovation Centre, has been introduced for the first time in Vietnam. The report provides essential insights into the fast-growing generative AI ecosystem in Southeast Asia, where Vietnam is emerging as a key innovation hub in this field. Experts predict that, Vietnam’s contribution to the regional GenAI startup ecosystem will increase from 27% to 35%, closing in on Singapore’s leading position. Vietnam’s advantages come from its growing pool of tech talents, and an increasingly innovative product development culture. Additionally, support from the government and the efforts of the business community provide favorable conditions for GenAI innovation in the country./.