Vietnam needs new competitive edge in Industry4.0: WEF official
(VOVWORLD) -Vietnam and other countries at the same level of development should no longer see cheap labor as a strategy to maintain competitive edges in the market, said Justin Wood, Head of Regional Agenda - Asia Pacific and member of the Executive Committee of the World Economic Forum.
He made the remarks ahead of the World Economic Forum on ASEAN (WEF ASEAN) scheduled to take place in Hanoi from September 11 to 13. Mr. Wood said that this year’s WEF is themed “ASEAN 4.0, entrepreneurship and the Fourth Industrial Revolution.” It will focus on the significance of the Industry 4.0 to the 10 ASEAN member countries, seeking answers to the questions of how changes brought by the Industry 4.0 should be understood and what actions ASEAN leaders should take. He stressed that the era of new technologies has posed major policy questions, and the upcoming WEF-ASEAN will provide an opportunity to discuss and understand better the steps to be taken next.