Vietnam's Center for the Fourth Industrial Revolution (C4IR) was inaugurated at the Saigon Hi-Tech Park in Ho Chi Minh City on September 25 with the presence of Prime Minister Pham Minh Chinh.

The center was established as part of cooperation between the Vietnamese Government and the World Economic Forum (WEF) for 2023-2026.

The facility is the second of its kind in Southeast Asia and the 19th worldwide. It operates in the form of a public-private partnership, with founders including large-scale enterprises in Vietnam and HCM City.

Along with making proposals on solutions and policy recommendations in prioritized areas in line with national and international trends, the center is expected to support the mobilization of resources, assisting the Government and businesses in applying new technologies.

Addressing the launching ceremony, PM Chinh noted that the establishment of the center is an outcome of the relations between Vietnam and the WEF which has continuously developed over the past time.

The center is expected to concretize the Party's policies and guidelines on science and technology, innovation; apply achievements of the Fourth Industrial Revolution, accelerate the process of industrialization and modernization in Vietnam; meet practical requirements of national development; contribute to international integration in the fields of science and technology, innovation, and help Vietnam deeply participate in the Fourth Industrial Revolution, according to the Prime Minister.

The establishment of the center also represents the pioneering role of HCM City – a hub for economy, finance, commerce, science-technology, and culture in the region, demonstrates the aspiration and pride of the country, he said.