The WEF ASEAN 2018 officially opened with a plenary session in Hanoi on September 12. The event was co-chaired by PM Nguyen Xuan Phuc and WEF Founder and Executive Chairman Klaus Schwab.

The World Economic Forum on ASEAN attracts leaders of ASEAN countries and partner nations, over 1,000 delegates who are World Economic Forum members, and representatives of businesses from around the world.

The opening session, which also saw the presence of Party General Secretary Nguyen Phu Trong, focused on ASEAN priorities in the age of Industry 4.0.

Executive Chairman Schwab said to have successful directions in Industry 4.0, ASEAN governments need to create favourable conditions for start-ups as well as small- and medium-sized enterprises.

He expressed his belief that ASEAN countries, with appropriate visions, the best policies, young population and high entrepreneurial spirit, will take the lead in this revolution.

PM Phuc stressed that high technology and digital economy are highly potential fields in ASEAN. He said at this forum, Vietnam will propose new initiatives about a shared mobile network with the same prices across ASEAN and cooperation in intelligence, ensuring cyber security, manpower training, and information technology./.