The Industry 4.0 Summit 2019 is scheduled for October 2 and 3 in Hanoi, announced the Party Central Committee's Economic Commission on September 25.

The summit will be chaired by leaders of the Party, National Assembly and Government with the participation of about 1,500 domestic and international delegates.

On the sidelines, five symposiums, an exhibition on modern technologies, and a business matching event will take place.

The summit aims to explain key polices of the Party and State on Vietnam's participation in the 4th Industrial Revolution, pool domestic and foreign experts' recommendations for such engagement, and connect international investors in the field with the Vietnamese business community.

Some 85 percent of industrial enterprises in Vietnam still lag behind the Fourth Industrial Revolution (Industry 4.0), and only 13 percent are at the beginner level, according to Nguyen Duc Thanh, director of the Vietnam Institute for Economic and Policy Research (VEPR).

In a draft national digital transformation plan, Vietnam targets emerging as one of the top four countries in ASEAN in terms of digitalisation by 2025 with 80,000 digital technology companies.

Source: China ASEAN Business Council