Việt Nam ready to embrace Industry 4.0 (Việt Nam News)

Việt Nam is taking strong actions from the central to the grassroots level to speed up the application of Industry 4.0 technology, making changes in fields of production, business, cultural and social life, as well as national defence and security.

The statement was released by Head of the Party Central Committee (PCC)’s Economic Commission Nguyễn Văn Bình at the Industry 4.0 Summit – the largest digital transformation conference and export event in Việt Nam – held in Hà Nội on Thursday.

Bình said over 40 countries and territories, including developing countries, have issued strategies and action programmes related to the Fourth Industrial Revolution (Industry 4.0). Many of them have also developed and implemented national digital transformation strategies, which is one of the core contents of participation in Industry 4.0.

“For our country, many domestic and international research results forecast that participation in the Industry 4.0 will bring many positive results to Việt Nam’s economic growth in the future,” Bình said.

To turn it into reality, he said the Party and State directed all levels and sectors to promote the application of science, technology and innovation and well as boost research activities to actively participate in Industry 4.0.

In Việt Nam, telecommunications infrastructure has been built in a synchronous manner, with mobile coverage reaching 99.7 per cent of the population nationwide. 3G and 4G coverage reached over 98 per cent with low cost, while the 5G network is undergoing testing and expected to be deployed commercially from 2020.

The digital economy has been formed and developed rapidly, becoming an increasingly important part of the economy and ranking 3rd in the ASEAN region in terms of scale. Digital technology has been applied in industries, agriculture and services, of which many new and cross-border businesses and service forms, based on digital technology and the internet, have created job opportunities, improved incomes and enhance the quality of people’s lives.

“The Party said that Industry 4.0 will bring both challenges and opportunities. We must proactively prevent and limit the negative impacts of this revolution. It requires management innovation to reform institutions, piloting new models,” Bình said.

“For developing countries like us, this is a golden opportunity and an important tool to catch up, compete, and make breakthroughs in the future.”

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Việt Nam News

4 October 2019

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