Deputy Prime Minister Vuong Dinh Hue speaks at the symposium in Hanoi on June 10 (Photo: VNA)

Hanoi (VNA) – Fast growth is a condition for sustainable development, Deputy Prime Minister Vuong Dinh Hue said at a symposium in Hanoi on June 10.

Amid the Fourth Industrial Revolution (Industry 4.0), Vietnam can easily lag behind if it does not develop rapidly, he said at the event, which saw the presence of Chairman of the Theoretical Council of the Party Central Committee and Director of the Ho Chi Minh National Academy of Politics Nguyen Xuan Thang, representatives of central sectors, and scientists.

The symposium, held by the Vietnam Academy of Social Sciences (VASS), discussed solutions to reinforce and create the basis for fast and sustainable development in the new context in Vietnam.

Director of the VASS’s Centre for Analysis and Forecast Nguyen Thang said to capitalise on opportunities and minimise challenges in Industry 4.0, the country needs to address major issues, including ensuring that regulations are updated to pave the way for new technologies and modes of production to be applied in life. It should promote skills update amid the technology race and solve outstanding socio-economic and environmental problems.

It is also critical for Vietnam to learn experience of other countries, especially those taking the lead in Industry 4.0, he added.

Dang Kim Son, former specialist at the Institute of Policy and Strategy for Agriculture and Rural Development under the Ministry of Agriculture and Rural Development, said to successfully become an industrialised nation, Vietnam needs to boost the role of agriculture and rural areas in industrialisation, application of scientific and technical advances in the reality, and connection with urban areas so as to promote the quality and sustainable values of the economy.

Other participants at the event also stressed the necessity for openness and transparency to achieve fast and sustainable growth.-VNA