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Official Gazette

Tuesday, October 22, 2019

Industry 4.0 Summit 2019 wraps up with high-level discussion

Updated: 10:20’ - 04/10/2019
The Party Central Committee’s Economic Commission and relevant agencies co-organized a high-level discussion within the framework of the Industry 4.0 Summit 2019 in Hanoi on October 3.

Deputy Prime Minister Vu Duc Dam (center) speaks at the high-level discussion__Photo: VNA

Speaking at the event, themed “Vietnam’s policy and action program to proactively join the fourth Industrial Revolution”, head of the commission Nguyen Van Binh said the Vietnamese Party and State have directed relevant agencies and sectors to step up the application and development of technologies and innovation.

However, Binh stressed that the country’s proactive participation in the fourth Industrial Revolution remains low.

He pointed out a series of shortcomings such as unsynchronized institutions for the digital economy, sharing economy, and innovation activities, while the quality and structure of human resources have yet to meet requirements, and the digital economy remains small.

According to the official, in that context, the Politburo had assigned the Party Central Committee’s Economic Commission to build a project on policy to proactively joining the fourth Industrial Revolution. Based on the outcomes of the project, the Politburo on September 27 issued Resolution 52 mapping out a number of guidelines and policies on participating in the fourth Industrial Revolution.

Binh also emphasized the importance to bring the resolution into the life to help Vietnam catch up with the region and the world in the fourth Industrial Revolution.

The Industry 4.0 Summit 2019 took place in Hanoi on October 2-3 with the participation of about 1,500 domestic and international delegates. The summit aims to explain key polices of the Party and State on Vietnam’s participation in the fourth Industrial Revolution, pool domestic and foreign experts’ recommendations for such engagement, and connect international investors in the field with the Vietnamese business community.

It features a high-level discussion, five symposiums, an exhibition on modern technologies, and a business matching event.

Some 85 percent of industrial enterprises in Vietnam still lag behind the revolution, and only 13 percent are at the beginner level, according to Nguyen Duc Thanh, Director of the Vietnam Institute for Economic and Policy Research.

In a draft national digital transformation plan, Vietnam targets emerging as one of the top four countries in ASEAN in terms of digitalization by 2025 with 80,000 digital technology companies.- (VNA/VLLF)
 


 

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