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Impact of the fourth industrial revolution on the sustainability of Vietnam's economic development

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Published under licence by IOP Publishing Ltd
, , Citation Liudmila Guzikova et al 2020 IOP Conf. Ser.: Mater. Sci. Eng. 940 012031 DOI 10.1088/1757-899X/940/1/012031

1757-899X/940/1/012031

Abstract

The article explores the impact of the fourth industrial revolution on the sustainability of Vietnam's economic development. The focus is on the implementation of Industry 4.0 in Vietnam. The main indicators characterizing the fourth industrial revolution are analyzed in comparison with the "four new Asian tigers"-Malaysia, Indonesia, Thailand, and the Philippines. Based on the identification of the Industry 4.0 advantages and disadvantages in Vietnam, various aspects of its impact on the national economy are evaluated. The necessity of continuing the implementation of Industry 4.0 on the basis of overcoming the identified shortcomings of the process of its implementation in Vietnam is substantiated.

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