At the workshop (Source: qdnd.vn) Hanoi (VNA) – The fourth Industrial Revolution will create newindustries, which are expected to give new momentum to Vietnam’s economicgrowth, said an economic expert.
Speakingat a workshop in Hanoi on November 21, Nguyen Thi Tue Anh, Deputy Director ofthe Central Institute for Economic Management (CIEM), explained that therevolution will change the structure of sectors as well as growth resources.
Thegovernment has assigned the Ministry of Planning and Investment, and the CIEMto draft a national strategy on the fourth Industrial Revolution, build aninnovation and creation centre, and develop a network of talents, she said.
DangQuang Vinh, deputy head of the CIEM’s Business Environment and CompetitiveAbility Department, held that with huge economic potential and ability ofbusinesses and labourers, Vietnam can capitalise on the revolution.
Vinhcited services launched by FastGo, thefirst ride-hailing app to offer insurance to customers for all trips, notcharge drivers for discounted rates and provide driver partners with manybenefits.
However, he said, new management methods and goodsupportive policies are necessary for Vietnam’s new technologicalsectors, he said.
The CIEM pointed out challenges facing Vietnamwhen the country enters the fourth Industrial Revolution such as a shortage ofIT workers, especially high-quality labour resources, unclear institutions,limited domestic capital and difficulties hindering foreign investment instartups.
Many experts suggested competent agenciescooperate with businesses to grasp information, build suitable institutions,create a favourable legal corridor for business activities and reduce risks tosociety, while promptly adjusting unsuitable business regulations and issuingnew ones.
Many underlined the need to set forth taxpolicies to attract human resources, especially Vietnamese abroad, enhancecooperation between universities and businesses, build training programmes inenterprises and expand EduTech/Learning models in the IT sector.-VNA
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