The World Economic Forum on ASEAN (WEF ASEAN) 2018 will take place in Hanoi from September 11-13 under the theme “ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution”.
Ahead of the event, diplomats shared their viewpoints on the organisation of the WEF ASEAN as well as the opportunities and challenges for the Association of Southeast Asian Nations (ASEAN) amid Industry 4.0.
Malaysian Ambassador to Vietnam Zamruni Khalid expressed his support for Vietnam hosting the forum, as the country has experience in organising successfully the APEC Year 2017. Vietnam will be successful in organising the WEF ASEAN, he believed.
While evaluating opportunities and challenges offered by Industry 4.0, he said ASEAN countries could learn from each other to promote the movement and run trans-national business activities.
He suggested businesses from the bloc discuss how to develop amid the impacts of Industry 4.0.
Indonesian Ambassador to Vietnam Ibnu Hadi said that his country is mobilising different resources from enterprises, scholars and policy makers to catch up with the movement.
Meanwhile, Charge d'Affaires of the Singaporean Embassy in Vietnam Tan Wei Ming said Singapore chose the theme of its ASEAN Chairmanship 2018 as “Resilient, Innovative ASEAN” with the hope of promoting cooperation and renovation activities to cope with profound changes in the region and the world.
The theme of this year’s forum is practical and meets the common concerns of countries in ASEAN and beyond, he said.
Vietnamese Ambassador to Germany Doan Xuan Hung said Vietnam’s hosting of the WEF ASEAN this year has drawn a great deal of global attention.
This is an excellent opportunity for the country to show its development potential to the international community, he said.
The forum will not only promote an ASEAN Community of dynamic development but also a Vietnamese nation with a strong will, a facilitating Government and a solid business community, he added.
Through this event, Vietnam will prove itself as a crucial member in promoting cooperation and connectivity in the bloc, Hung said.
The WEF was established in 1971 as a non-profit foundation and is headquartered in Geneva, Switzerland. The forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.
Founded in 1967, the ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
Analysts noted that Vietnam-Singapore ties are increasingly moving beyond traditional goods trade towards green growth, innovation and high-quality supply chains, laying a stronger foundation for more substantive and sustainable cooperation in the years ahead.
International visitors expressed positive impressions of Vietnamese products displayed at the fair. Nelma Sanjines, senior supervisor at ESP Catering in Sydney, praised the flavour of Vietnamese chilli sauce and soy sauce as well as the attractive packaging of confectionery products.
Experts noted that supply chain optimisation and risk management are no longer isolated tasks for individual companies but a requirement for the entire export ecosystem. With guidance from regulators, support from industry experts and their own efforts, Vietnamese exporters are expected to enhance their competitiveness and turn technical barriers and market volatility into opportunities for sustainable growth in global markets.
In April, Vietnam’s crude steel output was estimated at 2.1 million tonnes, up 4% year-on-year. With this result, Vietnam surpassed Italy to secure a place among the top 10 global producers.
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He stressed that domestic firms must proactively improve corporate governance, technological capabilities and workforce quality in order to participate more deeply in global supply chains. “Vietnamese enterprises cannot enter the supply chains of multinational corporations unless they meet required standards,” Cuong said.
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Vietnam values and places great importance on support from international partners, including the US, which it considers a leading strategic partner.
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