Strategic Vision for the Implementation of the Industrial Revolution 4.0 in the Vietnamese Context

Abstract

Vietnam has been in the process of modernization and industrialization for the last 40 years. Vietnam's socio-economic development strategies are in line with this vision. However, the country needs a sharper strategy to take advantage of the significant technological development and the IT boom, also known as the 4 th industrial revolution or the industrial revolution 4.0. This research aims at identifying key factors that Vietnam should focus on for a comprehensive national strategy to develop within the industrial revolution 4.0. The research results help policymakers, researchers and managers establish a strategic vision for the economic development in Vietnam. A survey is conducted among 145 respondents who are either working for the Government, academic institutions, or managing enterprises. Findings of the research involve levels of awareness about industrial revolution 4.0 and the readiness for industrial revolution 4.0 in Vietnam. Moreover, three factors are also identified to be the key elements of a strategy for social-economic development in Vietnam, including human resources, policies, and infrastructure.

Impacts of COVID-19 on the Automotive Industry in Vietnam

“…Government support is expected to reduce the impact of taxes and duties and to help enterprises and the workforce in the financial field. During committing world century crisis, the leading role of the government is essential, including the regulation intervention of guidance and supporting policies of tax/duties as well as financial issues (Dr. Tran Van Ai-vice chairman of Nguyen Tat Thanh University) and industry 4.0 implementation is important (Anh et al, 2022).…”