Vietnam can be confident of catching up if it adopts correct policies and measures for the Fourth Industrial Revolution (Photo: enternews.vn)Hanoi (VNA) - Although Vietnam is a relative late comerto the Fourth Industrial Revolution, it can be confident of catching up if itadopts correct policies and measures, Nguyen Anh Tuan, CEO of the Boston GlobalForum, told the Vietnam CEO Summit in Hanoi on July 18.
“Vietnam is a big potential market for artificial intelligence(AI),” Tuan said, noting that the country’s population was nearing 100 million,many of them young people who could help Vietnam access high-qualitytechnologies and new knowledge.
In addition, Vietnam’s consumption of new technologies has beenrelatively high, making the market attractive to high-tech investors, such asGoogle, Facebook, Apple and Samsung, according to Tuan.
On the other hand, Vietnam has big IT firms well-known in theworld, including Viettel and FPT, which are seeking new markets in banking, healthcare,education and transport. Vietnam has been listed as one of the leadingautomation markets in the world.
“In the context of the Fourth Revolution, Vietnam should developproducts with high added value to become a centre of high-tech, especially ofAI, in the Southeast Asia region”, he added.
He suggested that Vietnam adopt preferential policies to encouragenew AI products as well as facilitating the entry of American AI start-ups intothe country.
Deputy Minister of Public Security, Nguyen Van Thanh, said the FourthIndustrial Revolution had brought changes, such as big data, smart cities,virtual currency, AI, renewable energy, robots and nano technology.
Thanh said local businesses should develop a vision and actions toadapt to the fast-moving revolution affecting their production, organizationalstructure and customer demands.
Associate Professor Vu Minh Khuong, a senior expert on economicdevelopment policy from the Lee Kuan Yew School of Public Policy said Vietnamhad outstanding achievements over the past 10 years in terms of catching upwith IT. The world and Southeast Asia had been impressed with Vietnam’s achievements,he said, noting that the country had quickly integrated into the worlddespite of the low income of many of its residents.
Professor Fredmund Malik, chairman of the Malik Institute forComplexity Management, Governance and Leadership, spoke of successfulmanagement models and measures which had been applied in the world’s leadinggroups.
The Vietnam CEO Summit 2017 attracted the participation of morethan 400 Vietnamese businesses from the country’s 500 biggest firms (VNR500),top 500 fastest developing firms (FAST 500), Best Prospect 500 and Top 1,000biggest tax payers.
Vu Dang Vinh, general director of the Vietnam Report that organisedthe conference, said the event aimed to connect business leaders, specialistson Vietnam and international partners to exchange experiences, discuss thedevelopment of the local market and how to better integrate it into the globalmarket.
During the event, Vietnam Report honoured the top 10 commercialbanks and top 10 insurance companies in the country.-VNA
“Vietnam is a big potential market for artificial intelligence(AI),” Tuan said, noting that the country’s population was nearing 100 million,many of them young people who could help Vietnam access high-qualitytechnologies and new knowledge.
In addition, Vietnam’s consumption of new technologies has beenrelatively high, making the market attractive to high-tech investors, such asGoogle, Facebook, Apple and Samsung, according to Tuan.
On the other hand, Vietnam has big IT firms well-known in theworld, including Viettel and FPT, which are seeking new markets in banking, healthcare,education and transport. Vietnam has been listed as one of the leadingautomation markets in the world.
“In the context of the Fourth Revolution, Vietnam should developproducts with high added value to become a centre of high-tech, especially ofAI, in the Southeast Asia region”, he added.
He suggested that Vietnam adopt preferential policies to encouragenew AI products as well as facilitating the entry of American AI start-ups intothe country.
Deputy Minister of Public Security, Nguyen Van Thanh, said the FourthIndustrial Revolution had brought changes, such as big data, smart cities,virtual currency, AI, renewable energy, robots and nano technology.
Thanh said local businesses should develop a vision and actions toadapt to the fast-moving revolution affecting their production, organizationalstructure and customer demands.
Associate Professor Vu Minh Khuong, a senior expert on economicdevelopment policy from the Lee Kuan Yew School of Public Policy said Vietnamhad outstanding achievements over the past 10 years in terms of catching upwith IT. The world and Southeast Asia had been impressed with Vietnam’s achievements,he said, noting that the country had quickly integrated into the worlddespite of the low income of many of its residents.
Professor Fredmund Malik, chairman of the Malik Institute forComplexity Management, Governance and Leadership, spoke of successfulmanagement models and measures which had been applied in the world’s leadinggroups.
The Vietnam CEO Summit 2017 attracted the participation of morethan 400 Vietnamese businesses from the country’s 500 biggest firms (VNR500),top 500 fastest developing firms (FAST 500), Best Prospect 500 and Top 1,000biggest tax payers.
Vu Dang Vinh, general director of the Vietnam Report that organisedthe conference, said the event aimed to connect business leaders, specialistson Vietnam and international partners to exchange experiences, discuss thedevelopment of the local market and how to better integrate it into the globalmarket.
During the event, Vietnam Report honoured the top 10 commercialbanks and top 10 insurance companies in the country.-VNA
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