Forum "The 4th Industrial Revolution - International Experiences and Policy for Viet Nam"

27/11/2018 - 37 Views

Hanoi, 27 November 2018 - Today, the Central Institute for Economic Management (CIEM) in cooperation with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) jointly organize the forum “The Fourth Industrial Revolution: International Experiences and Policy for Viet Nam”. This forum is part of German-Vietnamese cooperation activities under the "Macroeconomic Reforms/Green Growth" Programme, implemented by GIZ in Vietnam on behalf of the Federal Ministry of Economic Cooperation and Development of Germany (BMZ).

Industry 4.0, or the Fourth Industrial Revolution, involves the use of advanced technologies, which will transform people's personal and professional lives. Many parts of the developing world, including Viet Nam, currently do not possess adequate manufacturing capacity and rely on cheap labor to attract foreign investment. Therefore, developing countries must step up efforts and implement better strategies to prepare for the impact of increased automation and smart technologies in Industry 4.0.

To prepare for the inevitable advancement of industry 4.0, Viet Nam is developing its National Strategy on Industrial Revolution 4.0, which is expected to be released next year. This Forum is an important step following numerous researches by relevant departments and agencies in the Ministry of Planning and Investment on Industry 4.0 and its possible impacts on selected key sectors of the economy to formulate strategic direction to seize opportunities brought about by the revolution.

Participants in the Forum are experts and policy makers from relevant line ministries, foreign specialists in digitalization and automation, as well as experts from international organisations and key programmes of GIZ. In the Forum, German experts shared experiences in formulating and implementing policies and specific schemes to support Industry 4.0 at different levels.  They also discussed impacts, opportunities and challenges by the Industry 4.0 for the Viet Nam economy, as well as policy recommendations for Viet Nam to take full advantages of the Industry 4.0.  The Forum emphasized the importance of having a coherent strategy for industry 4.0, and the need to focus on creating an eco-system to support the creation of technologies. In this context, another highlighted aspect was the need for collaboration - domestically and internationally - in order to adapt to Industry 4.0 and reap its benefits.

Opening the forum, Mr Tran Dinh Cung, President of the Central Institute for Economic Management highlighted the importance of this Forum in formulation of the country’s National Strategy on Industrial Revolution 4.0, the objective of which is to take its full advantages to create disruptive changes in economic development of Viet Nam.

As shared by Dr. Michael Krakowski, Programme Director cum Chief Technical Advisor of the Macroeconomic Reforms/ Green Growth Programme, “sector specific and sometimes geographically concentrated approaches to Industry 4.0” are important according to international experiences. Dr. Krakowski also express that the German development cooperation, via the Macroeconomic Reforms/Green Growth Programme, is willing and interested to accompany further the process of Industry 4.0 implementation in Viet Nam in the future, toward an advanced and sustainable economy./.

Links to press articles about the Forum:

https://vietnamnews.vn/economy/480930/industry-40-to-boost-gdp-by-621-billion-ciem.html#lkQABmRPZxbICtZp.97

http://en.nhandan.org.vn/business/item/6890002-industry-4-0-could-drive-vietnam’s-gdp-growth-to-7-16-ciem.html

https://english.vov.vn/economy/industry-40-to-boost-vietnams-gdp-to-16-388023.vov

 

 


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