Public join open forum discussion on ASEAN 4.0
Updated : Wednesday, September 12, 2018 9:49 AM (GMT+0700)

Hundredsof people, mostly young startup leaders and students joined an open forum onhow start-ups can drive new opportunities in the fourth Industrial Revolution(4IR) in Hanoi on September 11. 

Klaus Schwab, Founder and Executive Chairman of World Economic Forum delivers a
speech at Open Forum - Photo: VNA

The forum, themed ASEAN4.0for All, was developed to give students, entrepreneurs, young professionals andthe general public an opportunity to discuss what their future might look likeas technological disruption shapes the ASEAN region.

Klaus Schwab, Founder andExecutive Chairman of the World Economic Forum stress the changes the 4IR -with new technologies such as artificial intelligence, internet of things,thrones - will make in various aspects, from economies to society.

 “The 4IR will not justchange how we produce, consume and communicate. It will change who we are”,Schwab said.

He urged young people to beaware of the happening and the impact of 4IR as well as being prepared for itas the revolution will destroy many chances while creating new opportunities.

“We have to make sure thatwe have new skills to adapt to those required in new age”, Schwab said.

In his opening speech,Minister of Science and Technology Chu Ngoc Anh suggested ASEAN nations,including Vietnam, develop visions and strategies in the context of 4IR to makeASEAN an innovation hub.

“It is the fastest and mosteffective way to identify opportunities and challenges in the context of 4IR,thus helping young ASEAN people to turn challenges into opportunities, ideasinto products and gain more successes in startup and innovation”, Anh said.

The Government of Vietnamconsiders enterprises and startups as the central force of the national economyand science and technology as the driving force of a sustainable developmenteconomy.

Vietnam has developed anational startup ecosystem and action plans to tap potential and adapt tochallenges in the 4IR.

The country is alsodeveloping the national strategy for science, technology and innovation vision2035 and the scenario of 4IR for Vietnam.

Vietnam is willing tocooperate with WEF and ASEAN nations, local and international resources forscience-technology and innovation, Anh said.

The forum saw a paneldiscussion with participation of regional government officials, entrepreneursand chief executive officers of multinational companies.

The panel touched regionalissues and opportunities emerged in the 4IR, such as employment, education,ecommerce and e-marketing, among others.

The Vietnamese panelparticipant, Le Hong Minh, Chief Executive Officer of the VNG TechnologyCorporation, told participants his business story, which made his startup oneof the most successful company in Vietnam and among the most creative startups inthe world.

“If you find excitement inanything, which others think is impossible, go for it because it will becomereality in 20 years from now”, Minh said, adding he did the same when startinghis business in 2004.

Minh also called on youngpeople to think out of the box to find opportunities for themselves in the 4IR,saying “If you start your business in a conventional way, thousands of othersare doing it”.

Syed Saddiq Abdul Rahman,Minister of Youth and Sports of Malaysia, stressed the need for internet accessfor young people to fully tap potential in the 4IR.

“The Malaysian Governmentensures that internet is affordable and accessible for all people, particularlyyoung people, by halving the cost and doubling speed”, the Malaysia Ministersaid.

Julia Andrea R.Abad,Executive Director of Far Eastern University Public Policy Centre of thePhilippines, said the future of ASEAN will be in the hands of young peopleacross the ten ASEAN nations, stressing the need to unlock the entrepreneurskills within young ASEAN people.

The WEF on ASEAN 2018, themed’ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution’ is takingplace in Hanoi from September 11-13.

The event attracts theparticipation of more than 1,000 delegates, including six presidents or primeministers.

It provides platform for governmentand business leaders to discuss and share policy ideas and initiatives for theregion’s key issues, especially in the face of the 4th industrialrevolution.

In 2010, Vietnam hosted theWorld Economic Forum on East Asia for the first time.

The WEF was established in1971 as a non-profit foundation and is headquartered in Geneva. The forumengages political, business, and other leaders to shape global, regional, andindustry agendas.

Founded in 1967, ASEANgroups together Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, thePhilippines, Singapore, Thailand and Vietnam.


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