HCMC Industry 4.0 center a sci-tech platform to advance national goals: PM

By Lan Do
Wed, September 25, 2024 | 10:24 pm GMT+7

The Ho Chi Minh City-based Center for Industry 4.0 Revolution (C4IR), part of the World Economic Forum's global network, will contribute to Vietnam’s goal of industrialization and modernization based on scientific and technological advances, Prime Minister Pham Minh Chinh said Wednesday.

He was speaking at the center’s inauguration ceremony held in the Saigon High-Tech Park. Other senior dignitaries attending the inauguration included Secretary of the HCMC Party Committee Nguyen Van Nen and Chairman of the HCMC People's Committee Phan Van Mai.

This event was a major highlight of the HCMC Economic Forum 2024 (HEF 2024), themed "Industrial Transformation: A New Driving Force for Sustainable Development in HCMC.

Prime Minister Pham Minh Chinh, Secretary of the HCMC Party Committee Nguyen Van Nen and Chairman of the HCMC People's Committee Phan Van Mai were among senior officials attending the inauguration ceremony of the Center for Industry 4.0 Revolution (C4IR) at the Saigon High-Tech Park, September 25, 2024. Photo courtesy of HCMC People's Committee.

Prime Minister Pham Minh Chinh, Secretary of the HCMC Party Committee Nguyen Van Nen and Chairman of the HCMC People's Committee Phan Van Mai were among senior officials attending the inauguration ceremony of the Center for Industry 4.0 Revolution (C4IR) at the Saigon High-Tech Park, September 25, 2024. Photo courtesy of HCMC People's Committee.

Chinh outlined six key objectives for the center: implementing the Party's science and technology policies; fostering innovation through the fourth industrial revolution; promoting industrialization and modernization per the 13th National Party Congress and Central Committee resolutions; addressing the country's developmental needs; enhancing integration in science, technology and innovation; and actively participating in the fourth industrial revolution.

He also emphasized HCMC’s role as a pioneer in economic, financial, service, cultural, educational, and technological innovation.

Chinh noted that sustainable and inclusive development, driven by modern science and technology, as well as a strong emphasis on startups and innovation, was an essential trend and a strategic priority for countries worldwide.

Nguyen Thi Phuong Thao, vice chairwoman of HDBank and a founding member of C4IR, highlighted recent large-scale projects at the HCMC High-Tech Park, including HDBank's Galaxy Innovation Hub, spanning over 35,000 square meters, which serves as a collaboration hub for multinational tech companies like Nidec, Nipro (Japan), Samsung (South Korea), and American giants such as Intel, Facebook and Google.

The Aviation Technology Center under the Vietjet Aviation Technology Academy, which began construction in 2017 and was inaugurated in 2018, was another key facility at the park. In partnership with Airbus, it has emerged as the region's leading aviation training center, training over 50,000 students annually.

Thao expressed her readiness to contribute even more actively to the city's and country's innovation efforts in the next phase of development.

Officials said C4IR will enhance collaboration with similar centers worldwide to develop solutions and policy recommendations while researching the city's priority areas in alignment with national goals and international trends. The center will also mobilize resources and support businesses in adopting new technologies relevant to the fourth industrial revolution.

It will function as a public-private partnership, with prominent Vietnamese and HCMC enterprises participating in its founding.

The C4IR’s establishment represented the Vietnamese Government's and HCMC's commitment to fostering deeper cooperation with the World Economic Forum, they added.

Comments (0)
  • Read More
Ex-banking tycoon Tram Be re-emerges in infrastructure projects in southern Vietnam

Ex-banking tycoon Tram Be re-emerges in infrastructure projects in southern Vietnam

Tram Be, once a famous banking tycoon in Vietnam, has resurfaced in the corporate arena, appearing as a representative of Ham Giang Construction Co. Ltd. at a working session with Vinh Long province authorities on Thursday.

Companies - Sun, April 26, 2026 | 8:09 am GMT+7

Techcombank keeps real estate bad debt below 1%, fully recovers principal: chairman

Techcombank keeps real estate bad debt below 1%, fully recovers principal: chairman

The chairman of Techcombank said the lender has maintained non-performing loans (NPLs) in the real estate segment below 1%, with full principal recovery even on impaired loans.

Banking - Sun, April 26, 2026 | 8:00 am GMT+7

Posco invests $282 mln in battery materials plant in northern Vietnam

Posco invests $282 mln in battery materials plant in northern Vietnam

South Korean conglomerate Posco will invest a $282 million battery materials project in Vietnam's northern province of Thai Nguyen, marking its first overseas project in the artificial graphite segment.

Industries - Sat, April 25, 2026 | 10:13 pm GMT+7

Hyundai Rotem eyes Vietnam's North-South high-speed railway project

Hyundai Rotem eyes Vietnam's North-South high-speed railway project

South Korea’s Hyundai Rotem is seeking to expand its footprint in Vietnam’s rail sector, including potential participation in the country’s planned North-South high-speed railway.

Infrastructure - Sat, April 25, 2026 | 6:58 pm GMT+7

Masan shares undervalued by 60%: CEO

Masan shares undervalued by 60%: CEO

Masan Group’s MSN shares are trading at a steep discount to intrinsic value and the corporation targets stronger cash generation over the next decade, said CEO Danny Le.

Companies - Sat, April 25, 2026 | 2:33 pm GMT+7

Vietcombank aims to complete private placement in 2026

Vietcombank aims to complete private placement in 2026

The chairman of Vietcombank said the state-controlled lender is working with potential investors and is in detailed negotiations, with a view to executing a private placement in 2026, subject to market conditions.

Banking - Sat, April 25, 2026 | 9:35 am GMT+7

PVOIL targets 30% profit hike, expands into aviation fuel and EV charging

PVOIL targets 30% profit hike, expands into aviation fuel and EV charging

PVOIL, a subsidiary of state-owned Petrovietnam, has set a target of stronger profit growth in 2026 as it diversifies beyond traditional fuel retail into aviation fuel and electric vehicle (EV) charging infrastructure.

Companies - Sat, April 25, 2026 | 8:17 am GMT+7

Foxconn accelerates investment in Vietnam, moves toward humanoid robot manufacturing

Foxconn accelerates investment in Vietnam, moves toward humanoid robot manufacturing

Taiwan’s Hon Hai Precision Industry (Foxconn), a major Apple supplier, is signaling a deeper expansion in Vietnam as it pushes beyond traditional electronics manufacturing into higher-value automation, including industrial humanoid robots.

Industries - Fri, April 24, 2026 | 6:44 pm GMT+7

Century Synthetic Fiber Corp. targets 38% profit growth, bets on recycled fiber

Century Synthetic Fiber Corp. targets 38% profit growth, bets on recycled fiber

Century Synthetic Fiber Corporation (HoSE: STK) aims for a 37.7% increase in 2026 pre-tax profit to VND128.5 billion ($4.88 million), driven primarily by its recycled fiber segment and a newly operational plant invested by its subsidiary Unitex.

Companies - Fri, April 24, 2026 | 5:31 pm GMT+7

Vietnam developer TTC Land eyes steady cash flow with sister firm acquisition

Vietnam developer TTC Land eyes steady cash flow with sister firm acquisition

Saigon Thuong Tin Real Estate JSC (TTC Land), a subsidiary of multi-sector conglomerate TTC Group, is moving to secure stable, recurring revenue through the acquisition of Thanh Thanh Nam (TTN), another TTC Group member.

Companies - Fri, April 24, 2026 | 3:31 pm GMT+7

Vietnam, S Korea ink 12 deals, nuclear energy tie-up takes center stage

Vietnam, S Korea ink 12 deals, nuclear energy tie-up takes center stage

Vietnam and South Korea have signed 12 cooperation agreements spanning security, technology, energy and culture, with nuclear power collaboration a key highlight.

Economy - Fri, April 24, 2026 | 3:01 pm GMT+7

Thai SCG to halt Vietnam petrochemical plant in mid-May over Middle East conflict

Thai SCG to halt Vietnam petrochemical plant in mid-May over Middle East conflict

Thai conglomerate Siam Cement Group (SCG) will suspend the operations of its Long Son Petrochemicals Complex in southern Vietnam, starting mid-May, as the Middle East conflict weighs on supply chain.

Energy - Fri, April 24, 2026 | 12:02 pm GMT+7

Vietnam licenses 10th wholly foreign bank after 9-year hiatus

Vietnam licenses 10th wholly foreign bank after 9-year hiatus

Vietnam has allowed Industrial Bank of Korea (IBK) to establish a wholly foreign-owned, locally incorporated bank - the first such a license in nine years.

Banking - Fri, April 24, 2026 | 9:38 am GMT+7

Vissan falls short of public company criteria over concentrated ownership

Vissan falls short of public company criteria over concentrated ownership

Vietnam's leading meat producer Vissan has acknowledged that it fails to meet the requirements to qualify as a public company, citing its current shareholder structure and the absence of a divestment roadmap from state authorities.

Companies - Fri, April 24, 2026 | 8:17 am GMT+7

China's Su Shang seeks infras investment opportunities in northern Vietnam industrial hub

China's Su Shang seeks infras investment opportunities in northern Vietnam industrial hub

Su Shang Construction Group, a major Chinese infrastructure developer, is exploring investment opportunities in Bac Ninh as the northern Vietnam province steps up efforts to expand its transport and urban infrastructure network.

Infrastructure - Thu, April 23, 2026 | 9:09 pm GMT+7

Vietnam's leading broker SSI posts Q1 profit of $61 mln, trims equity exposure

Vietnam's leading broker SSI posts Q1 profit of $61 mln, trims equity exposure

SSI Securities Corporation reported a Q1 pre-tax profit of over VND1.59 trillion ($60.5 million), as the brokerage scaled back equity investments and margin lending amid volatile markets and rising interest rates.

Companies - Thu, April 23, 2026 | 5:33 pm GMT+7