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Viet Nam prepares for success in fourth industrial revolution with World Economic Forum

Viet Nam prepares for success in fourth industrial revolution with World Economic Forum

India Blooms News Service | @indiablooms | 21 Jan 2020, 03:18 pm

Davos-Klosters/IBNS: Over the past three years, the Government of Viet Nam has partnered with the World Economic Forum to identify, assess and greenlight areas of improvement for the country’s economy. By the end of the Country Partnership, Viet Nam’s score on the Global Competitiveness Index rose from 51 out of 100 in 2017 to 62 out of 100 in 2019.

Truong Hoa Binh, Deputy Prime Minister of Viet Nam, attended the World Economic Forum’s Annual Meeting 2020 in Davos-Klosters this week and was presented with a report of the Country Partnership. “It has been an honour for us to work with the Vietnamese government over the past three years,” said Børge Brende, President of the World Economic Forum.

Working with business, government and civil society at large, the Forum conducted extensive research, workshops and policy development activities in Viet Nam. Topics included: human capital, the future of jobs and reskilling. Projects ranged from reforming education and skills to improving healthcare, building infrastructure and upgrading the agriculture sector. The report also sets out policy recommendations for the government.

During 2020, the Forum will partner with the Ministry of Information and Communications of Viet Nam to open an Affiliate Centre for the Fourth Industrial Revolution. It will focus on technology governance and join a global network of Centres in the China, Colombia, India, Israel, Japan, South Africa, the UAE and the US.

“We look forward to continuing our collaboration,” Brende said. “In particular, we look forward to the launch of an Affiliate Centre for the Fourth Industrial Revolution in Viet Nam this year.” The purpose of these Centres is to bring government and business together to work collectively on shaping policies that ensure that these technologies, which include artificial intelligence, blockchain and the internet of things, have their benefits maximized and their risks minimized throughout society.

“The Country Partnership between Viet Nam and the World Economic Forum has made an important contribution to enhancing substantially the fruitful cooperation between Viet Nam and the Forum. The successful partnership is an excellent example of mutually beneficial cooperation between ASEAN members and the Forum so as to harness opportunities of the Fourth Industrial Revolution”, said Deputy Prime Minister Truong Hoa Binh.

In the coming year, as well as launching an Affiliate Centre for the Fourth Industrial Revolution, the Forum will also launch a major new initiative to tackle plastic pollution and improve how Viet Nam manages plastic waste. This National Plastic Action Partnership is a collaboration between Viet Nam’s Ministry of Natural Resources and the Environment and the Forum’s Global Plastic Action Partnership.

Viet Nam prepares for success in fourth industrial revolution with World Economic Forum

India Blooms News Service
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