WEF to propose policies for Vietnam to seize 4IR opportunities
The World Economic Forum (WEF) will build a report proposing policies for Vietnam to improve competitiveness and prepare all necessary conditions to optimise opportunities and benefits from the Fourth Industrial Revolution (4IR).
Hanoi (VNA) – The World EconomicForum (WEF) will build a report proposing policies for Vietnam to improvecompetitiveness and prepare all necessary conditions to optimise opportunitiesand benefits from the Fourth Industrial Revolution (4IR).
Deputy Minister of Foreign Affairs Bui Thanh Sonrevealed the information at a workshop held by his ministry and the WEF inHanoi on November 17.
He underlined the growing relations betweenVietnam and the WEF over the past time and said the report will be built aspart of the bilateral cooperation agreement on future-proofing economy inVietnam signed in 2017.
Justin Wood, head of the Asia Pacific region ofWEF, said Vietnam has seen remarkable strides since 1980s from a low-incomecountry to middle-income one.
Vietnam is striving to become a high-incomenation in the future, he added.
Addressing the event, Deputy Prime MinisterVuong Dinh Hue highlighted opportunities from the internet of things, whichenable all individuals to start business and help promote inclusiveness.
Vietnam has obtained significant achievements inthe field of telecommunication infrastructure, he said, adding that the countryhas over 130 million mobile phone subscribers and the 4G network has covered upto 99 percent of Vietnamese districts. Fifty-five percent of the population hasbeen frequently connected with the internet, he noted.
Besides opportunities, the 4IR also posesnumerous challenges in increasing competitiveness and promoting inclusivenessin Vietnam such as changing business models and shifting labour forces – whichhave been occurring in some taxi firms and manufacturing and processingindustries, Hue said.
He affirmed that the Government will holdregular dialogues with the business community as well as domestic and foreignexperts to remove barriers and tackle any arising issues stemmed from thefourth industrial revolution.
The Government will also create a legal corridorand essential action programmes to support businesses as well as encourage theformation of start-up ecosystems based on science and technology and promotecorporate social responsibility.-VNA
Vietnam’s economy witnessed positive changes in the first nine months of 2017 with growth increasing from quarter to quarter, according to Director General of the General Statistics Office (GSO) Nguyen Bich Lam.
Vietnam’s business environment and competitiveness have been improved significantly over the past three years thanks to a range of solutions, according to the Ministry of Planning and Investment (MoPI).
The Vietnamese government highly values the cooperation agreement with the World Economic Forum (WEF), Deputy Prime Minister Vuong Dinh Hue assured head of the WEF’s Asia-Pacific region Justin Wood.
The Ministry of Planning and Investment held a workshop on November 16 in Hanoi to seek measures to intensify cooperation between Vietnam and the World Economic Forum (WEF) in the field of infrastructure.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
At the workshop (Photo VGP)
