August 10, 2020

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Vietnam creates policies for Industry 4.0

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The Party General Secretary and President recently signed Resolution No.52 on behalf of the politburo. The government plans to implement policies that facilitate the country’s active participation in the fourth industrial revolution.

According to an official press statement, over the last few years, Vietnam has stepped up the development and applications of science, technology, and creative innovation to access and contribute to Industry 4.0.

The level of active participation, however, is still low. Therefore, Resolution No.52 aims to “make full use of opportunities brought about by Industry 4.0,” the press release says.

Vietnam wants to have maintained its position in the top three ASEAN countries in the Global Innovation Index (GII) rankings in 2025. It intends for its digital economy to account for about 20% of the GDP.

It also plans for productivity to increase, on average, over 7% per year.

By 2030, Vietnam intends to be among the top 40 countries in the world in the GII rankings; aiming for all people have broadband access at a low cost; the digital economy to account for over 30% of the GDP; and for labour productivity to increase about 7.5% on average per year.

To achieve these objectives, Resolution No.52 states that two guidelines and six major policies need to be implemented. They include innovating thinking/unifying perceptions and perfecting institutions to facilitate the process of national digital transformation.

There are specific policies on the development of essential infrastructure; development and enhancement of the national creative innovation capacities; human resource development; development of priority sectors and technologies; and international integration.

Also, a view that has received a high consensus among researchers is that the nature of Industry 4.0 is the digital movement, including digitising the whole of society, enterprises, and state management.

The release said the State will support digital transformation in businesses and current manufacturing sectors. It will enable them to optimise, allocate, and improve the efficiency of resource use, enhance competitiveness, and promote innovation in new industries, products, and business models.

Under Resolution No.52, during the first week of October, the Industry 4.0 Summit 2019 will be organised by the Party Central Committee’s Economic Commission.

As OpenGov reported earlier, the summit aims to assess the situation regarding the participation in Industry 4.0 of Vietnam in recent years. It will also disseminate new guidelines and policies of the Party and the State.

The summit’s theme is ‘Digital Vietnam: Accelerating digital transformation toward sustainable development’. Its seminar series focuses on five main topics- smart banking, smart cities, smart production, smart energy, and the digital economy. Also, an exhibition will take place with 80 booths from domestic and foreign companies, showcasing technologies from four areas- finance-banking, production, energy, and smart cities.

This year, a series of contents related to Industry 4.0 were actively implemented by the government. Specifically, to assign functional agencies to prepare a draft national strategy on the fourth industrial revolution through 2030; a draft national digital transformation plan; and a draft on a project to establish the National Innovation Centre. Also, the government issued Decision No.999 on 12 August, which approved the project on promoting a sharing economy model.

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