AI technology used in financial investments


Unlike conventional fund models, artificial intelligence-powered investment funds apply technology to process data, thereby automatically recommending effective investment strategies.


Người Việt đã có thể ứng dụng công nghệ AI để đầu tư tài chính


Nguyen Minh Quy talks about how AI technology is applied in risk analysis and assessment.



In recent years, Vietnam has been one of the countries with strong economic growth, even under the impact of Covid-19. In the first nine months of 2021, total foreign investment (FDI) poured into Vietnam reached more than 22 billion USD, up 4.4% over the same period last year. Total mobilized capital for the economy in this period was 292.1 trillion VND, up 12% year on year.


The investment market in Vietnam has become more attractive in the eyes of domestic and international investors. However, technology application in investment activities in Vietnam is still at a very early stage. In that context, Novaon Capital - a new investment fund model applying technology has appeared in the domestic market.


Unlike traditional investment funds, the technology investment fund model will use artificial intelligence (AI) to analyze financial statements, based on important indicators such as P/E, ROE, profit margin... This is the way that artificial intelligence is being applied to predict the development trend of enterprises, and point out the advantages and risks of financial investment.


Nguyen Minh Quy, Chairman of Novaon Capital, said each financial statement of enterprises has about 10 important indicators. This also means that, with a large number of businesses listed on the stock exchange, there are thousands of important data that must be updated immediately. This is where artificial intelligence can play its role in information processing. Artificial intelligence will gather and analyze large amounts of data with greater accuracy than any expert.


He also said that AI can effectively assist humans in making investment decisions, even investing on behalf of people in some fast-changing market situations, on a very large scale with high precision. Novaon Capital has grown more than 87% in the past 12 months. This is a practical result showing that using AI to replace humans in investment activities can bring good results.


Jacques Morisset, Chief Economist and Manager of the Macroeconomic, Trade and Investment Program of the World Bank in Vietnam, has said that It is very important to strengthen the innovation capacity of enterprises through the acquisition of new technologies.


In the process of digital transformation, Vietnam will need two groups of businesses: big pioneers and startups. Therefore, Vietnam needs to invest more, and support and create incentives for banks and financial markets to invest in startups and digital talent.


Trong Dat