Major trends of the Fourth Industrial Revolution and recommendations for Vietnam were the main topics of a seminar in Hanoi on July 13 in the framework of the Industry 4.0 Summit and Expo 2018 themed “Vision and Development Strategy in the Fourth Industrial Revolution.”

In opening the seminar, Minister of Science and Technology Chu Ngoc Anh stressed that the impacts of Industry 4.0 on Vietnam’s society and economy are becoming more and more visible, thus requiring the Government and business circle of Vietnam to adopt strong reforms to cope with both positive and negative effects.  

He said the Ministry of Science and Technology (MoST), as the coordinator in designing and promoting the research and application of the Industry 4.0’s key technologies, hopes to receive recommendations from both domestic and international experts on what Vietnam can do to optimise the opportunities brought about by Industry 4.0.

Participants compared opinions on the major trends of digitalisation and opportunities and challenges brought by the digital economy to Vietnam. They suggested fields of technology which the country should develop in the time ahead and policies to facilitate the work. 

They said Vietnam should build a legal corridor for the digitalised economy and make comprehensive preparations for the transition to digitalisation from public governance to business models in a digital economy and society. 

The country is advised to invest in information infrastructure and high-quality workforce while continuing with administrative reform and efforts to enhance competitiveness.

The Industry 4.0 Summit and Expo 2018 took place in Hanoi on July 12 and 13. Themed “Vision and Development Strategy in the Fourth Industrial Revolution”, the event saw Government officials and nearly 1,800 representatives from localities, domestic and foreign experts, businesses and embassies in attendance.