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Industry 4.0 in Vietnam: strategic planning experience
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Industry 4.0 in Vietnam: strategic planning experience
Annotation
PII
S032150750010453-0-1
DOI
10.31857/S032150750010453-0
Publication type
Article
Status
Published
Authors
Hong Van Lo Thi 
Affiliation: Peter the Great Saint-Petersburg Polytechnic University
Address: Russian Federation, St. Petersburg
Liudmila A. Guzikova
Occupation: Professor, Institute of Industrial Management, Economics and Trade, Peter the Great Saint-Petersburg Polytechnic University
Affiliation: Peter the Great Saint-Petersburg Polytechnic University
Address: Russian Federation, St. Petersburg
Edition
Issue 8
Pages
64-68
Abstract

The article explores strategic planning experience of the Industry 4.0 development in Vietnam. The object of the study is the content of the draft national strategy for Industry 4.0 development in Vietnam.

The main attention is paid to the strategic prospects analysis and critical strategic tasks for the country in the context of digital transformation. Based on the materials of the draft national strategy for the fourth industrial revolution until 2030 and the data of national statistics, the current state of Industry 4.0 in Vietnam and its role in the digital transformation of the national economy are shown.

The authors used materials from official Vietnamese sources, international organizations and companies specializing in conducting field social and economic research. Based on the challenges facing the country in the development of Industry 4.0, an analysis of the business community’s willingness for transformation and of the human resources state has been carried out. It is concluded that, in general, Vietnam has the potential to implement strategic objectives. The priority importance of education system modernizing for the success of the Industry 4.0 development strategy and sustainable economic growth achieving in Vietnam is substantiated.

Conclusions and recommendations made in the article may be useful to researchers studying the issues of strategic planning of digital transformation and its economic results, as well as to representatives of government organizations related to these areas.

Keywords
Vietnam, Industry 4.0, technological development, digital transformation, economic development strategy, Vietnam’s economy
Date of publication
08.09.2020
Number of purchasers
25
Views
2964
Readers community rating
0.0 (0 votes)
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References

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2. Vietnam Law and Legal Forum, 2019. National strategy on Industry 4.0 drafted. http://vietnamlawmagazine. vn/national-strategy-on-industry-40-drafted-16794.html (accessed 27.02.2019)

3. Opening Vietnam up to Industry 4.0. Vietnam Investment Review, 2019. https://www.vir.com.vn/opening-vietnam-up-toindustry-40-67590.html (accessed 22.02.2019)

4. PricewaterhouseCoopers, 2018. Industry 4.0 Vietnam Survey 2018. Executive Summary. https://www.pwc.com/vn/en/publications/2018/pwc-vietnam-industry-40-report-en.pdf (accessed 23.02.2019)

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7. Cameron A., Pham T.H., Atherton J., Nguyen D.H., Nguyen T.P., Tran S.T., Nguyen T.N., Trinh H.Y. & Hajkowicz S., 2019. Vietnam’s future digital economy – Towards 2030 and 2045: Summary report. CSIRO, Brisbane.

8. Dang The Duc. 2019. Vietnam Takes A Right Approach To Advance Industry 4.0 Ambitions. http://www.conventuslaw. com/report/vietnam-takes-a-right-approach-to-advance-industry/ (accessed 22.02.2019)

9. Kanaev E., Nguyen Quаng Thuong & Vi Thi Huong Hue. 2019. The digitalization of business: Vietnam’s perspective. The Russian Journal of Vietnamese Studies. Series 2, № 1, pp. 35-45.

10. World Economic Forum, 2018. Readiness for the future of production Report. 2018. http://www3.weforum.org/docs/ FOP_Readiness_Report_2018.pdf (accessed 22.02.2019)

11. Cornell University, INSEAD, and WIPO (2019); The Global Innovation Index 2019: Creating Healthy Lives – The Future of Medical Innovation, Ithaca, Fontainebleau, and Geneva.

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13. Kanaev E., Darnel R. & Dinh Le Hong Giang. 2018. Vietnam’s higher education amid the forthcoming fourth industrial revolution. The Russian Journal of Vietnamese Studies. Series 2, № 1, pp. 69-85.

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