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
$67 bln trans-Vietnam high-speed railway likely to break ground in 2027

$67 bln trans-Vietnam high-speed railway likely to break ground in 2027

Vietnam hopes to break ground on the first two sections of a North-South high-speed railway route late 2027.

Economy - Wed, September 25, 2024 | 9:35 pm GMT+7

Changes in Vietnam IPOs will trigger stronger foreign capital inflows: JICA expert

Changes in Vietnam IPOs will trigger stronger foreign capital inflows: JICA expert

Kojima Kazunobu, a consultant of the Japan International Cooperation Agency (JICA), offers insights into the appetite of foreign investors, including Japanese ones, on the Vietnamese stock market, including initial public offerings (IPOs).

Finance - Wed, September 25, 2024 | 5:51 pm GMT+7

Petrovietnam, US Kellogg Brown & Root, GE to cooperate in green fuel, digitalization

Petrovietnam, US Kellogg Brown & Root, GE to cooperate in green fuel, digitalization

State-owned Petrovietnam will cooperate with American partners, Kellogg Brown & Root (KBR) and GE Digital International LLC under General Electric (GE), in digitalization and green fuels.

Companies - Wed, September 25, 2024 | 5:31 pm GMT+7

Vietnam’s Nutifood acquires 51% stake in ice cream maker Kido Foods

Vietnam’s Nutifood acquires 51% stake in ice cream maker Kido Foods

Vietnamese nutritional products maker Nutifood Nutrition Food JSC (Nutifood) has successfully acquired a 51% stake in Kido Frozen Food JSC (Kido Foods).

Companies - Wed, September 25, 2024 | 4:17 pm GMT+7

Commonwealth Bank of Australia sells 5% stake in Vietnamese bank VIB

Commonwealth Bank of Australia sells 5% stake in Vietnamese bank VIB

The Commonwealth Bank of Australia (CBA), a multinational bank headquartered in Australia, is selling a 5% stake in Vietnam International Commercial Joint Stock Bank (VIB).

Banking - Wed, September 25, 2024 | 3:29 pm GMT+7

Dragon Capital-linked team no longer major shareholder of PV Drilling

Dragon Capital-linked team no longer major shareholder of PV Drilling

A group of funds affiliated with Dragon Capital, among the largest foreign-run asset management companies in Vietnam, has reduced its holding to below 5% in PV Drilling, the drilling arm of state-owned Petrovietnam.

Finance - Wed, September 25, 2024 | 3:12 pm GMT+7

US tech firm Coherent to invest $83 mln in southern Vietnam industrial hub

US tech firm Coherent to invest $83 mln in southern Vietnam industrial hub

Coherent Corp., an American manufacturer of optical materials and semiconductors, will invest $83 million through two subsidiaries in Dong Nai province, an industrial hub in Vietnam’s southern region.

Industries - Wed, September 25, 2024 | 3:00 pm GMT+7

Singapore bank UOB trims Vietnam’s 2024 growth forecast to 5.9% on typhoon Yagi

Singapore bank UOB trims Vietnam’s 2024 growth forecast to 5.9% on typhoon Yagi

Singapore-based United Overseas Bank (UOB) has revised down its GDP growth forecast for Vietnam by 0.1 percentage point to 5.9% this year due to the damage caused by super typhoon Yagi.

Economy - Wed, September 25, 2024 | 10:50 am GMT+7

ADB maintains Vietnam GDP growth projection at 6% for 2024 despite super typhoon Yagi

ADB maintains Vietnam GDP growth projection at 6% for 2024 despite super typhoon Yagi

Vietnam’s economic growth can reach 6% in 2024 and 6.2% in 2025, following a 6.4% expansion in the first half of the year, according to the Asian Development Bank (ADB).

Economy - Wed, September 25, 2024 | 10:29 am GMT+7

Vietnam a bright spot in global economy: IMF leader

Vietnam a bright spot in global economy: IMF leader

Vietnam and ASEAN are bright spots in the global economy, particularly during the tough times when the global economy is hit by a series of shocks, says the International Monetary Fund’s (IMF) managing director Kristalina Georgieva.

Economy - Wed, September 25, 2024 | 9:26 am GMT+7

VCCI recommends 50% VAT, corporate income tax cuts for typhoon hit firms

VCCI recommends 50% VAT, corporate income tax cuts for typhoon hit firms

Typhoon Yagi relief should include exemptions or 50% cuts in value-added tax, corporate and personal income taxes to affected businesses and taxpayers for 4-6 months, says the Vietnam Chamber of Commerce and Industry (VCCI).

Companies - Wed, September 25, 2024 | 8:04 am GMT+7

Indonesia builds new data center

Indonesia builds new data center

The Indonesian government is currently constructing a new national data center (PDN) in Bekasi and will build another two in Batam and Nusantara capital city (IKN), says Political, Legal and Security Affairs Coordinating Minister Hadi Tjahjanto.

Southeast Asia - Tue, September 24, 2024 | 10:29 pm GMT+7

Thailand revolutionises elderly healthcare services with home AI assistants

Thailand revolutionises elderly healthcare services with home AI assistants

Thailand’s latest AI-powered Dinsaw robot, the “Home AI Assistance”, is expected to play a crucial role in providing healthcare to the elderly at home, as reported by online newspaper The Nation

Southeast Asia - Tue, September 24, 2024 | 10:27 pm GMT+7

Thailand's condominium sales to foreigners down 6% in Q2

Thailand's condominium sales to foreigners down 6% in Q2

Condominiums (condo) purchased by foreign buyers in Thailand fell 6% year-on-year in the second quarter of 2024 to 3,342 units, down 18% in value to THB 14.8 billion ($449 million).

Southeast Asia - Tue, September 24, 2024 | 10:26 pm GMT+7

Thailand to develop first silicon chip plant

Thailand to develop first silicon chip plant

The Thailand Board of Investment (BOI) has announced a joint venture between Hana Microelectronics and Thai energy firm PTT to construct the first silicon carbide chip factory in the country.

Southeast Asia - Tue, September 24, 2024 | 10:25 pm GMT+7

Thai currency rises to highest level in 19 months

Thai currency rises to highest level in 19 months

Thai businesses are pressing the central bank to take measures to stabilize the domestic currency (baht), which has rapidly gained strength and could impact fourth-quarter growth.

Southeast Asia - Tue, September 24, 2024 | 10:24 pm GMT+7