INTERNATIONAL BUSINESSES CALLED TO PLAY A ROLE IN DEVELOPING VIETNAM’S SMART INDUSTRY

HANOI, Vietnam -- Domestic and international businesses participating in the Smart Industry World 2017 conference being held here, have committed to helping Vietnam with the development of its smart industry effectively.

They made the promise at a meeting with Nguyen Van Binh, head of the Communist Party of Vietnam (CPV) Central Committee's Economic Commission, here on Monday, the Vietnam News Agency (VNA) reported.

Binh said the Vietnamese Party and State have issued a number of guidelines and policies on industrial development, including the smart industry.

Last year, Prime Minister Nguyen Xuan Phuc issued a directive on enhancing capacity to access the fourth industrial revolution, the official added.

However, he said, Vietnam lacked a master plan on the revolution, which is forecast to change production methods of countries and remap the global economy.

Binh stressed that international businesses play an important role in Vietnam's industrialisation and modernisation process which is expected to be completed by 2030.

Incentives are expected to be offered to foreign enterprises and investors who come to the country to introduce state-of-the-art technologies.

The Economic Commission and other Vietnamese ministries and sectors want to learn from experience of international firms to finalise policies, apply science-technologies and develop human resources, thus creating a favourable environment for the development of the fourth industrial revolution in Vietnam, Binh said.

Source: NAM NEWS NETWORK