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WEF: ASEAN leaders affirm deeper integration key to growth in Industry 4.0-era
WEF: ASEAN leaders affirm deeper integration key to growth in Industry 4.0-era
13/9/18
Despite the theme of the Fourth Industrial Revolution, messages of deeper integration and strengthened co-operation made their way into ASEAN leaders’ keynote speeches as they gathered today in Hà Nội for the plenary session of the World Economic Forum on ASEAN.
Realising the immense opportunities that the new era of digitalisation and automation might bring, but still anxious over the daunting challenges, leaders from the regional bloc that represents the world’s fifth largest economy emphasised the need to join hands and work together.
Prime Minister of host country Việt Nam Nguyễn Xuân Phúc suggested several intraregional co-operation mechanisms in several fields pertinent to Industry 4.0.
PM Phúc called for a regional data sharing mechanism and a cross-ASEAN mobile network, saying that “data is the cornerstone of Industry 4.0.”
The Vietnamese Government leader also regarded the small- and medium-sized enterprise community as “the backbone of the ASEAN economy,” and recommended establishing a talent incubator, saying that a start-up atmosphere is “truly permeating the region” as “ASEAN is known as the cradle of many new and innovative ideas around the world.”
Việt Nam also wants to push forward with its agenda of creating an ASEAN education network and system for life-long learning to help people adapt to rapid changes in the job market.
Following PM Phúc, Singaporean Prime Minister Lee Hsien Loong affirmed ASEAN’s commitment to staying connected and pushing towards resilience and innovation.
"We need to strengthen the rules-based multilateral trading system – it has underpinned our growth and stability but is under pressure and under threat,” he said.
Sharing the same sentiment, Chinese Vice Premier Hu Chunhua conveyed the country’s message for upholding an open global economy against the threats of rising protectionism.
Without specifically naming the US and President Donald Trump, with whom China is embroiled in an escalating trade war, Hu Chunhua criticised “some countries’ protectionist and unilateral measures that gravely undermine the rule-based trading regime and cause hazard to the world’s economy,” while at the same time, affirming China’s commitments towards an open, connective and inclusive global economy.
"China’s resolve to open its doors even wider will not change, we will pursue opening up at its own pace. This will offer opportunities for ASEAN countries and beyond,” he said.
The Chinese vice premier also took the platform to court ASEAN countries to join its flagship ‘Belt and Road’ initiative, with promises of win-win co-operation, through mutual vision in innovation-driven growth.
On a lighter note in an otherwise sombre event, Indonesian President Joko Widodo referenced Marvel comic villain Thanos, who wanted to wipe out half of life in the universe, through random probability, so that the surviving half may prosper given limited resources.
Joko used the comic book figure to speak of the increasingly real threats of trade spats and pledged to defend liberalism and integration efforts.
Thanos was not one single person, but "inside all of us," Widodo said.
"It’s the misguided belief that in order for us to succeed, others must surrender. It is the misperception that the rise of some must mean the decline of others," the Indonesian president said.
San Suu Kyi, State Counsellor of Myanmar, meanwhile, expressed her conviction that Industry 4.0 will be led by the younger generation, who will use their strength, creativity, and mastery of technology to facilitate the country’s entry into a new era.
“Myanmar is one of those countries that have practically bypassed the industrial revolution and we were forced to run straight into the fourth one,” she said, subtly referring to the “lost decades” of isolationism when Myanmar was under a military junta regime that gave way to a civilian government less than ten years ago.
The country has been playing catch-up with the rest of the world and are doing well in this regard, citing examples of cell phone prices dropping from over US$1500 to $1.50, and nationwide broadband growing from virtual non-existence in just five years, she said, adding “one quantum leap leads to another”, referring to the increasingly popular e-banking and e-commerce platforms in Myanmar.
San Suu Kyi believed that the most crucial aspect of the fourth industrial revolution remains the human factor, with Myanmar’s approach being based on the “creativity, empathy, and stewardship of our people, especially of the young.”
In the context of an economic forum, it’s unavoidable that there’s a need for the creativity and talents of the young people to be made ‘marketable,’ not just for making money but for helping the whole region close the development gap, the Myanmar State Counsellor said.
She stressed the need to reform the education system in line with the Industry 4.0-era, and open up opportunities of education, with a focus on practical skills, for all people./.
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All comments [ 20 ]
By hosting the event, Vietnam demonstrates its multilateral foreign policy and its dynamism in international integration and shaping the regional and global economy.
I think over the past 8 years, Vietnam has seen a very impressive period of economic growth, that can be matched in the size and scale of the summit that we’re running this year compared to 8 years ago. It’s very strong in term of participation.
A lot of businesses see Vietnam’s cooperation as something more and more important.
By hosting WEF ASEAN 2018, Vietnam gains opportunities to introduce its business environment, strengthen cooperation, and attract more investment.
The event helps Vietnam elevate its prestige and increase connectivity within ASEAN, to foster a united, dynamic, and self-reliant ASEAN in the 4th industrial revolution.
WEF ASEAN 2018 is Vietnam’s most important diplomatic event this year, creating a momentum for Vietnam’s greater international integration and prestige.
Vietnam always attaches great importance to cooperating with the WEF and has actively participated in and made outstanding contributions and initiatives to the prestigious global forum.
To date, Vietnam is the first and only country in Southeast Asia that the WEF has signed a cooperation agreement under a Public-Private Partnership (PPP).
That not only reflects the theme and contents of the ASEAN WEF but also affirms Vietnam's important role and position in ASEAN, the region and the world, especially after the country successfully organised the APEC Year 2017.
WEF ASEAN 2018 to promote Vietnam’s international profile!
Vietnam expects to step up cooperation with partners, leading world enterprises, expand markets and attract high-quality investments and advanced technologies for the country’s economic restructuring and renovation of growth model.
Industry 4.0 shows all the promise of the fourth industrial revolution using automation technologies like cyber-physical systems, internet of things and cloud computing.
The advent of fourth industrial revolution has redefined the integration of physical world in the organization and the cyber world through technologies like artificial intelligence, analytics, cloud technology, internet of things
Industry 4.0 is a current trend in manufacturing industry by use of automation technologies
There are three kinds of integration possible in Industry 4.0.
Horizontal integration is the integration of value networks to enable collaboration between corporations or organizations in the value chain
Lean thinking or management is one of the most widely used business strategies in the last three decades.
The vertical, horizontal and end-to-end engineering integration model and its integration with five principles are elucidated in the model.
The fourth industrial revolution has resulted in Industry 4.0 being implemented by leading organizations and LM is one of the most widely used business strategies for the last three decades.
he implementation of integration is difficult to be implemented at once, however, the integration system evolves over a time with the cooperation of other subsystems in the integration.
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