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Vietnam Today

PM addresses Smart Industry World 2017 Conference and Expo

Released at: 10:51, 07/12/2017

PM addresses Smart Industry World 2017 Conference and Expo

PM Nguyen Xuan Phuc is speaking at the event. Photo: VGP

Industry 4.0 opens up new possibilities and affects the world, PM tells conference.

by Ngoc Lan

The fourth industrial revolution (Industry 4.0) has facilitated the development of smart industry, opening up entirely new possibilities in business production and affecting the global economy and every country, Prime Minister Nguyen Xuan Phuc told the Smart Industry World 2017 Conference and Expo, with the theme “Discovering Smart Industries - Defining the Future Economy”, held on December 5 in Hanoi.

In this context, countries around the world have come up with different approaches to take advantage of Industry 4.0, such as the German Industry Program 4.0 and the advanced US manufacturing cooperation program with the “Internet Industry Community” initiative.

In Vietnam, the Prime Minister has issued Directive No.16 to take advantage of Industry 4.0, which has a number of crucial solutions concerning the development of IT infrastructure, digital industries, smart agriculture, smart tourism, and smart cities, and the facilitation of an innovative startup ecosystem.

Prime Minister Phuc said that the government gives special attention to the building of mechanisms and policies to develop information technology, renew and apply technological advances, and take advantage of the opportunities brought about by Industry 4.0.

Most public services have gone online (88 per cent), 4G coverage extends to most of the country, with more than 4,000 broadcast stations reaching 95 per cent of the population, and there are some 52 million internet users in the country, accounting for 54 per cent of the population.

The Prime Minister also identified multiple challenges to be faced by Vietnam’s economy amid Industry 4.0. “There is a need to focus on finalizing institutions, mechanisms, policies, and laws for the development of the digital economy and smart industries, and to devise a master plan on digital and national database transformations, to create a premise for the building of transformation strategies for each sector and field,” he told the gathering. “It is also essential to boost IT application in reforming administrative procedures, to build an e-government and provide public services online, to develop synchronous infrastructure, especially information infrastructure, and to rapidly develop human resources to meet the requirements of the digital economy.”

Co-organized by the Party Central Committee’s Economic Commission and the International Data Group (IDG), the event featured an exhibition of Industry 4.0 technologies and brought together nearly 50 outstanding enterprises, both from Vietnam and overseas, in the fields of automation, robotics, smart technologies, agriculture, health, education, FinTech, and software.

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