Vietnam should create "digital chances” for enterprises say experts

Industry 4.0 Summit and Expo 2018 opens with a fresh prospective for IT improvement in Vietnam

The Vietnamese government should create “digital chances” for enterprises to engage with the Fourth Industrial Revolution (Industry 4.0), representatives of enterprises and experts, told Prime Minister Nguyen Xuan Phuc at the Industry 4.0 Summit and Expo 2018 in Hanoi on 12 and 13 July.

The summit discussed the “Vision and Development Strategy in the Fourth Industrial Revolution”, connecting political leaders with experts in information technology.

It also reviewed the role of policymakers in formulating a proactive approach to Industry 4.0 and international co-operation, as well as proposing solutions and options to optimise breakthrough technologies in all socio-economic fields in the country.

Industry 4.0 Summit and Expo 2018 follows from the successful Smart Industry Word 2017 Conference and Exhibition, which attracted over 2,000 local and international delegates from manufacturing, energy, IT and telecommunications sectors.

Other recommendations brought to the table by business representatives during the reception with PM Phuc include that the government cuts the red tape and builds special policies for IT enterprises.

If applied, they argued, these measures should create favourable conditions for enterprises to launch new technologies.   

They also suggested that the Government helps in enhancing the quality of human resources, particularly high-quality personnel in the field of IT.

Speaking at the meeting, head of the Party Central Committee’s Economic Commission Nguyen Van Binh declared Vietnam’s special focus on developing IT, and that Vietnam will consider the building of specific policies following the model of a “legal framework 4.0” to create optimal conditions for enterprises and people to take advantage of technological productions in the future.

PM Phuc stressed the fact that Vietnam has jumped 12 notches on the Global Innovation Index for 2017 and two for 2018 but also acknowledged that the country is still weak in the stage of implementation, requiring more drastic measures to enhance the speed of IT application, especially among science and technology officials and enterprises.

Highlighting the significance of the Industry 4.0 Summit and Expo 2018, PM Phuc expressed his hope that the delegations will give answers to the question of how Vietnam can become successful in the Fourth Industrial Revolution and also clarify some of the Industry 4.0-related concepts.