Hanoi (VNA) –Vietnam continues the call for more incentives for experts, scientists, as wellas domestic and international enterprises to accompany Vietnam in its adoptionof the Fourth Industrial Revolution (Industry 4.0), stated Prime Minister NguyenXuan Phuc on July 12.

The PM made thestatement while hosting a reception in Hanoi for experts, scientists, andrepresentatives of organisations and enterprises participating in the Industry4.0 Summit and Expo 2018 held in Hanoi on July 12 and 13.

At the meeting, guestshailed the role played by the Vietnamese Government in shaping and developing technologyamidst the Fourth Industrial Revolution.

They expressed hopethat the PM and the Government will give timely and suitable policies so as to aida breakthrough in the area of artificial intelligence, and suggested that theGovernment should create widespread consensus among the society, thus creating“digital chances” for enterprises and people to engage deeper with Industry 4.0practices.

Representatives frombusinesses proposed that the Government help enhance the quality of humanresources, especially high-quality personnel in the field of informationtechnology.

Besides, the Governmentshould build special policies for IT enterprises, while continuing to reduceadministrative procedures and connecting points, thus creating favourable conditionsfor enterprises to launch new technologies.

Speaking at themeeting, head of the Party Central Committee’s Economic Commission Nguyen VanBinh affirmed Vietnam’s special focus on developing IT, and that Vietnam willconsider the building of specific policies following the model of a “legalframework 4.0” to create optimal conditions for enterprises and people to takeadvantage of technological productions in the future.

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

Participants shouldcontribute to the design of policies and solutions for Vietnam to activelycatch up with the revolution, he said.

The PM stated thatVietnam is integrating deeper into the world economy with 15 new generation freetrade agreements, with an increasingly open economy and high GDP growth. Thecountry has been strongly affected by the world’s economic fluctuations,including those pertaining to Industry 4.0 and artificial intelligence.

Vietnam has formed astrong ecosystem for renovation, he said, holding that it is important to continuedesigning and completing its policies and legal framework. This will aid afaster expansion of Industry 4.0, as well as the greater science and technologyrevolution, he noted.

The PM underlined thatcurrently, the legal system of Vietnam has matched international law, includingin the sensitive areas of telecommunications, banking, and insurance.

Vietnam has jumped 12 notcheson the Global Innovation Index for 2017 and two for 2018, the PM stressed butalso acknowledged that Vietnam 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.

He asserted that Industry4.0 brings both opportunities and challenges for each country, business, andindividual, and that they should raise their awareness of the issue to apply morescientific advances.

The Industry 4.0Summit and Expo 2018 is being held under the theme of “Vision and DevelopmentStrategy in the Fourth Industrial Revolution” and seeing leaders of ministriesand sectors joining experts on smart industry and information technology indiscussions on the development strategy and application of Industry 4.0.

The highlight of theevent will be a high-level forum discussing the vision and development strategyfor the Fourth Industrial Revolution.

Leaders of theParty, Government, and National Assembly, as well as some international expertsare scheduled to take part in an executive talk themed “Vietnamese Policy onEnhancing Access to the Fourth Industrial Revolution”.

There are also fiveconference sessions debating mega trends of the Fourth Industrial Revolution,namely the building of smart cities, the development of a smart manufacturingindustry, the next generation of banking and finance, and visions anddevelopment strategies for smart agriculture.

Meanwhile, aninternational expo held on this occasion will house stalls introducingsolutions and services in such key areas as agriculture, industry, energy,telecommunications, health, transport, finance-banking, and e-commerce.

It promises to bringvisitors new technological experiences with smart manufacturing applicationsand leading tech products in the fields of smart factory, automation, 3Dprinting, AI and robotics, smart sensors, big data, blockchain, networksecurity, industrial Internet of Things (IIoT), e-KYC, cloud computing, mobiledevice software, authentication, and customer experience solutions. -VNA