ASEAN Priorities in the Age of the Fourth Industrial Revolution

distinguished participants ladies and gentlemen welcome to the opening ceremony of the 27th World Economic Forum's ASEAN summit ASEAN is today one of the world's fastest-growing regions with more than 600 million people and is now also establishing a single market this opening is divided into two segments first the opening ceremony followed by a second half the future of ASEAN in the era of the fourth Industrial Revolution where leaders will share their perspectives on what the 4ir means for their country but also for as an as a rich I know pleased to introduce professor Klaus Schwab founder and executive chairman of the World Economic Forum professor Schwab strategically imitated the first essay on World Economic Forum summit 27 years ago the floor is yours professor [Applause] your excellency angwa Infante Chong general secretary of the Central Committee of the Communist Party of Vietnam your excellency Aang go and so in fact prime minister of Vietnam esteemed heads of state heads of government deputy heads of state and deputy heads of government excellencies and of course a very cordial welcome to all you here in the hall to our members ladies and gentlemen cysts 27th meeting of the World Economic Forum on ASEAN convenes undersea seam asean 4.0 entrepreneurship and so forth industrial Ellucian be allowed to have assembled more than 1,000 leaders from government business academia and civil society to discuss and shape the future of situation for almost 30 years we have had Sahana of working together with the region but this year is the most powerful as a an summit we ever have organized it shows the potential of sea region which combined represents 10 countries and forms one of the most powerful economic and I should add potentially political forces in the world in a fragmented world today we all are part of two major transformations which are fundamentally changing the global political economic and social context of our world first we are moving from a unipolar to multipolar world and from a unique conceptual to a multi conceptual world this is leading to increased fertility of our global system while also enhancing the potential for rising conflicts as we see now with the danger of trade wars despite our differences we should never forget that we have common global interests and a common global responsibility just think of preserving our natural resources see as a and way of striving for consensus among diverse countries can serve particularly during those times as a good role model for our world so second big transformation which is taking place is the force industry evolution so for siddhis revolution will change business models economies and societies in fundamental and often disruptive ways global competition will be more determined by innovative capabilities and capacities and less by cost factors the world 20 years from now we look completely different from what it is today the countries who succeed in the era of the force industry evolution will be characterized by innovative and entrepreneurial ecosystems and here I am glad to welcome some malls and handled startups outstanding startups who have joined this meeting from the ASEAN countries and Beyond to successfully navigates a force in this revolution also requires agile governance which can avoid the necessary conditions for startups and SMEs to flourish and to create the necessary jobless yes the faucet as revolution is threatening jobs but it also offers new professional opportunities provided such governments and businesses work together to create a necessary mechanism for upscaling and rescaling strong shareholder cooperation particularly between governments and businesses is Sir for essential for making progress in this new era of service industry evolution ladies and gentlemen the world is engaged in a race in a race for mastership of cforce industry evolution and global leadership which comes partially so so force in this revolution with this meeting we want to make sure such as a young countries with right vision with optimal policies with a young and entrepreneurial population could be and shall be among the frontrunners and not say late comers in this revolution to help to make a sale better prepared and fit for this race is my wish for this meeting ladies and gentlemen again a very warm welcome to this meeting [Applause] thank you so much professor Schwab what is more timely than following with a special message from UN Secretary General Antonio Guterres especially in the region that has benefited so much from multilateral cooperation Fabricio Hawks shield assistant secretary-general for strategic coordination in the executive office of the Secretary General will read on behalf of the Secretary General your excellency general secretary to the party esteemed heads of state esteemed heads of government distinguished deputy heads of state and deputy heads of government Madam state counselor distinguished ministers ladies and gentlemen I have the honor to deliver these remarks on behalf of the United Nations secretary-general Antonio Guterres it's a pleasure to greet the government and the people of Vietnam and the World Economic Forum on the occasion of this gathering devoted to entrepreneurship and the fourth Industrial Revolution globalization has delivered both immense opportunities and daunting challenges the world has seen a historic decrease in extreme poverty including in Vietnam where extreme poverty has fallen dramatically for more than 50% in 1992 - less than 3% today yet the gains of globalization have not been equitably distributed rising inequality has bred discontent and instability in many parts of the world hindering our efforts to achieve the 2030 agenda for sustainable development fair an inclusive globalization is an imperative rapid advances and frontier technologies and the advent of what is called the fourth Industrial Revolution her great promise but may also have unintended consequences and exacerbate some of the problems we face today we need to better ensure that new technologies offer new livelihood opportunities and steer globalization in a sustainable direction that protects the vulnerable it is for this reason that I recently launched a high-level panel on digital cooperation so that together we can find new ways to maximize the potential benefits of new technology while managing the risks as young is a key partner of the United Nations and I welcome your efforts to reflect on the challenges of new technology and to contribute practical policy recommendations for the way forward cooperation among a broad set of actors will be crucial including Member States the private sector scientists civil society and academia together we can shape globalization to achieve sustainable development sees the potential of technology advances and fulfill our shared promise to leave no one behind please accept my best wishes for a successful forum thank you [Applause] so to our host Vietnam Vietnam is one of the shining stars of the emerging markets universe with the stock market that has doubled in less than two years poverty eradication that is historic as mentioned by the secretary-general and an economy growing with almost 7 percent this year it is my honor to introduce his Excellency the way an su unfuck Prime Minister of the Prime Minister of the Socialist Republic of Vietnam Oh Vietnam [Applause] excellency general secretary excellencies heads of states and governments heads of delegations professor Klaus Schwab founder and executive chairman of the World Economic Forum ladies and gentlemen at the outset on behalf of the Vietnamese government with my sincere heartfelt thanks and gratitude I'd like to warmly welcome all leaders and delegates participating in the World Economic Forum on ASEAN hello in Hanoi allow me to applaud professors professor Schwab for Co chairing the forum today ladies and gentlemen when we think of ASEAN many think of the diverse and abundance of natural resources to be harnessed and as well as the factory of the world however in the fourth Industrial Revolution and with the rapid march of Science and Technology ASEAN today is also known as one of the cradles of many new and innovative ideas in the world it is advanced technology and digital economy that are the new potential areas for ASEAN with forecasted growth to increase by fourfold to two hundred billion u.s. dollars by 2025 the opportunities brought about by the fourth Industrial Revolution for ASEAN countries are indeed enormous I should like to name just a few of them first as the creation of proximity breakthroughs in five major industries including atronics petrochemical consumer goods food and pharmaceuticals second it's the promotion of more inclusive growth towards the United Nations sustainable development goals on the basis of the fourth industrial revolutions applications to create connectivity and sharing new values and innovations and third has the development of SMEs themselves the backbone of ASEAN economies and the starting point of a wide variety of new ideas the fourth Industrial Revolution opens up opportunity to connect SMEs with transnational and global markets and fourth means taking short cuts in industrialization policy arson can now speed past traditional industrial development stages by boldly developing artificial intelligence utilizing automation unmanned aerial vehicles satellites and sensor systems to improve productivity and the efficiency of resource use however the challenges that ASEAN must face are likewise enormous it is plain to see that first the risk of employment loss from automation and according to the ILO 56 percent of all jobs in 5,000 countries may shift to the hands of artificial intelligence and robots thus possibly putting an end to the era of the traditional Asian factory model of course a lot of experts have said that many of our livelihoods for our people will also come from this fourth Industrial Revolution and the second challenge is the winding of the income gap the fourth Industrial Revolution has the capacity to rapidly boost the income of citizens and nations equipped with skills and knowledge and thus first stuffs further widening the income gap and clean risks of social instability against this backdrop ASEAN is proud to have among our members Singapore a successful model of the pioneering spirit of the digital economy having harnessed the fourth Industrial Revolution to achieve extraordinary wealth in recent years ladies and gentlemen faced with such opportunities and challenges ASEAN countries need to set policy priorities not just based on their perspective but also from that of the entire grouping in taking this approach I would like to make the following recommendations first fostering digital and data sharing the leaders of ASEAN have adopted the master plan for ASEAN connectivity to enable physical institutional and people-to-people linkages and in the context of the fourth Industrial Revolution I'd like to suggest that we add a new dimension that is digital connectivity mainstreaming it and enhancing the effectiveness of the above-mentioned linkages in tandem with this effort focus should be directed to the development of e-commerce ie payment and e-government in addition data should also be the cornerstone of the fourth Industrial Revolution we need to establish the ground rules for an alien code on data sharing corporation to standardize the ways and conditions for the effective sharing and use of data a second harmonized the business environment the basic infrastructure for financial banking market media and logistics connectivity must operate at the regional level and from this I proposed that we consider establishing a business environment legal and regulatory policy harmonization meknes mechanism among ASEAN members thus assisting us and businesses to achieve economy of scale and strengthen their global competitiveness the asean single window for customs clearance is a good example that has been working well for a few years and our meeting this time at the ministerial and business levels vietnam will put for several new initiatives including cross asean single rate mobile coverage intellectual cooperation to ensure cyber security cooperation and training high quality IT human resource i've recently been informed of some good news and it's also very hot news today at 3:00 p.m. today in hanoi go check an indonesian startup company and go via a vietnamese startup company will together inaugurate their passenger transport service built on a 4.0 platform and i'm happy to say that i've been informed that the president of indonesia will be a 10 this event and with here among us about 80 startups and this promises more excellent cooperation in the future the Vietnamese government hopes to see more such cooperation to show and tell the world startup atmosphere is truly permeating throughout ASEAN 3 promote the creation of encanta tea between innovation incubators and a fourth Industrial Revolution many ASEAN countries have already established their own national innovation centers and incubators I propose that we establish a connectivity framework to link national incubators into the region wide network of incubators forth to seek out and beyond talents I'm going to a 2017 report by Google the lack of skilled engineers remains a major challenge for ASEAN I propose that we establish a talent incubator strategy for ASEAN countries and on this occasion I am delighted to inform you that at the thirtieth Computer Sciences International Olympiad held in Japan with 335 international competitors all four vietnamese competitors or participants receive medals one goal one silver and two bronze 'iz and five established an ASEAN Education Network and a system for lifelong learning the impacts of the fourth Industrial Revolution require a robust adjustment in our education system to adapt to the new development trends and the rapid changes in the job market to that end I propose that we establish an ASEAN at education connectivity Network and establish a system of lifelong learning in ASEAN countries ladies and gentlemen when our population of over 640 million accounting for about 8.5 percent of the world's population and an economy worth about two point seventy six trillion US dollars in 2017 Eon is now the third largest economy in Asia and fifth in the world as we look abroad particularly in particularly in commerce I proposed that we developed the intra block market into a sufficiently large market for development strategies towards the 2025 ASEAN community vision of an open ASEAN enjoys diverse cooperation with all partners we welcome the important role an active cooperation from the world we cannot form as an incubator of such a variety of innovative ideas and strategies at the global scale as the fourth Industrial Revolution which spreads and the regional and global environment Vince's fierce competition it becomes all the more pertinent for us to join hands to strength and solidarity harness interlocked strength to build a peaceful stable resilient rules-based people centered ASEAN ASEAN has been making efforts and shall continue to do so to maintain its centrality in the region to work with partners to maintain peace and stability and to ensure that the freedom of movement of goods and services through the air over land on the season light towards regional prosperity I declare the 2018 World Economic Forum on ASEAN open may affirm be a great success I wish all leaders and delegates good health and every success thank you for your attention [Applause] Thank You Prime Minister for those warm welcoming remarks also a special thank you to negra on food Xiang General Secretary of the Communist Party of Vietnam that is also with us here Singapore is one of the most successful and competitive economists in the world and also the chair of ASEAN in 2018 I'm pleased to introduce leash and long Prime Minister of the Republic of Singapore [Applause] your excellencies distinguished guests ladies and gentlemen I'd like like to thank Prime Minister new engine folk and professor Klaus Schwab for organizing this event it brings together regional leaders academics and businesses to share their views on how asean should respond to the fourth Industrial Revolution this fourth Industrial Revolution is upon us the global economy is being fundamentally transformed by new and far-reaching breakthroughs in technologies businesses are changing the way they operate workers are using technology to become more productive customers are changing how they make their purchases and markets are growing bigger and becoming increasingly integrated here in ASEAN member states are in a good position to take advantage of the new opportunities that this 4ir can bring first of all our economic fundamentals are robust ASEAN will become the fourth largest economy in the world by 2030 after the US China and the European Union we have a young and educated workforce 60% of our population is under 35 years old they are comfortable with new technology and the digital economy in ASEAN is projected to grow to reach 200 billion US dollars by 2025 secondly ASEAN is committed to further economic integration this is an important condition for the fourth Industrial Revolution because it's about building networks creating new synergies and staying connected and ASEAN member states have been working together towards the asean economic blueprint 2025 so that as an businesses can operate more seamlessly across the region and it's important to involve business in this process because the private sector and especially the small and medium enterprises is the backbone of economies and the source of entrepreneurship ASEAN is also working with like-minded partners to strengthen the open and rules-based multilateral trading system it's a system that has underpin our growth and stability but is under pressure and even threat and that's why ASEAN is doing our utmost to make progress on the regional comprehensive economic partnership and hope to achieve a substantial conclusion to the RCEP by the end of this year although this is not yet a short as I see on chairman this year Singapore's working with our rtm colleagues and partners to develop initiatives under the themes of resilience and innovation in order to use technology to benefit our businesses and our peoples for example we've concluded an ASEAN agreement on e-commerce which will stretch streamline ecommerce regulations so that businesses can market and sell their products easily within ASEAN and an ASEAN single window will expedite cross border customs cargo clearance to cut transaction costs using a single online platform we've also established the ASEAN smart cities Network comprising 26 pilot cities including Hanoi it's a network that provides a platform for cities to cooperate and to share experiences and the network is also working with external partners as well as the private sector the ASEAN smart cities Network completed its first round of meetings last July and has already launched several projects for example collaborating between honorees Amata smart city in Thailand and the Yokohama urban solution Alliance on a smart energy management system and there'll be many more collaborations to come to boost regional economic integration and adoption of technology Singapore will upgrade all three centers for the initiative for ASEAN integration the centers are in Vietnam Cambodia and Laos and we will upgrade them to become Singapore cooperation centers the new centers will expand our range of technical assistance beyond classroom-based Kostis which will allow Singapore to share our experiences and practices more effectively so that we can better learn from each other bilaterally between Singapore and Vietnam we've established seven Vietnam Singapore industrial parks they are doing well bringing in more than 11 billion dollars u.s. dollars worth of investment capital from 800 international companies generating more than two hundred thousand jobs the Vietnam Singapore industrial parks are a strong pillar of our deep economic relations and they form invaluable infrastructure for Vietnam and Singapore companies to benefit from the fourth Industrial Revolution Singapore will also be hosting the industrial transformation asia-pacific iTap this October it's the inaugural Asian edition of the Hannover Messe the world's largest industrial fail it will expose ASEAN companies to the latest industrial technologies and we hope that through itab we can build an Asian industry 4.0 community where manufacturers technology providers and innovators can share their latest ideas and technologies and this will help our some countries to upgrade their manufacturing sectors which is the key pillar of many ASEAN economies including Singapore's these are just some of the initiatives ASEAN and Singapore are working on to prepare for the future economy there are practical steps to promote asan's use of technology in how we live work and play the fourth Industrial Revolution is a dynamic and continuing process we can't predict exactly how it will unfold but I'm optimistic about ASEAN future because ASEAN has its own competitive strengths and by pooling our ideas and resources and integrating our economies we'll be in a strong position to ride on this fourth wave to bring tangible benefits to our economies and our peoples thank you very much [Applause] Thank You Prime Minister China is the second largest economy in the world and the largest trading partner with a sound more than 500 billion US dollars a year I'm pleased to welcome special guests remarks from his Excellency who Tron wah vice premier of the People's Republic of China [Applause] your excellency general secretary moonfish wrong your excellency Prime Minister Wang Xuan folk your excellency executive chairman professor Klaus Schwab your excellencies heads of state government and delegation ladies and gentlemen friends good morning I am delighted to come to the beautiful city of Hanoi to join you at the World Economic Forum on ASEAN on behalf of the Chinese government I wish to extend warm congratulations on the opening of the forum ten years after the outbreak of the international financial crisis we are meeting here under the theme asean 4.0 entrepreneurship and the fourth Industrial Revolution this forum is of special importance to our efforts to deepen practical cooperation among nations and consolidate new growth drivers in the ASEAN region and will lend new impetus to the world economy now the world economy is picking up but uncertainties and destabilizing factors are on the rise particularly as some individual countries protectionist and unilateral measures are gravely undermining the rules-based multilateral trading regime posing a most serious hazard to the world economy in such a complex environment China stands ready to work with ASEAN and other countries across the world to seize the opportunity of the new Industrial Revolution meet the challenges together and help develop an innovative open interconnected and inclusive global economy first we need to uphold openness and mutual benefits what we could learn from the history is that self-isolation will lead nowhere and only openness for all represents the right way forward in an increasingly smaller world the interests and future of all countries are closely intertwined we must categorically reject protectionism and the unilateralism firmly support multilateralism uphold the open road economy and multilateral trading regime and promote trade and investment liberalisation and facilitation second we need to promote innovation driven development innovation is the first and foremost driving force for development only with a strong commitment to innovation driven development can countries become frontrunners in the new Industrial Revolution and achieve lasting economic prosperity we need to accelerate structural reform make innovative improvement on development visions policy measures and growth models advance the replacement of Oda drives growth drivers and unlock the potential of world economic growth in the long run third we need to pursue inclusive growth we need to build synergy between our own development and the UN 2030 agenda for sustainable development we need to strengthen macro policy coordination we need to increase input in education health care and job creation to deliver the benefits of economic growth and technological advance to more countries and more groups of people and continuously enable our people to enjoy a better life fourth we need to pursue interconnected development this year marks the fifth anniversary of the belt and road initiative put forward by President Xi Jinping for the past five years China's trade in goods has totaled more than five trillion u.s. dollars with countries relevant to the belt and road initiative China has invested more than 60 billion u.s. dollars in these countries in cumulative terms creating hundreds of thousands of local jobs China stands ready to explore new areas and foster new highlights for cooperation with all countries under the belt and Road initiative with a view to achieving common prosperity ladies and gentlemen ASEAN is China's good neighbor and a good partner for belt and road cooperation strengthening partnership with ASEAN is always a top priority in China's foreign policy as China and ASEAN celebrate the 15th anniversary of strategic partnership this year our relations are entering a new era of improvement and upgrading at a her pace to build an even closer community with the shared future China will further advance mutually beneficial cooperation with ASEAN countries in the following aspects first building synergy between our development programs with a view to promoting the long-term growth of China as in relations China will work with ASEAN to formulate the china asean strategic partnership vision 2030 build greater synergy between the belt and road initiative and a science development programs and advance a number of flagship and key projects to deepen regional cooperation second expanding economic and trade ties china will join hands with ASEAN countries to tap new areas of trade growth and expand investment and industrial cooperation we welcome the participation of ASEAN countries in the first China International import Expo to be held in Shanghai this November we're competitive as Liam products will be promoted third deepening cooperation in innovation this year is the China ASEAN Innovation year China's innovation driven development strategy and Alan's innovation led growth share the same vision China will support and participate in the asean smart cities network and enhance our cooperation in digital economy artificial intelligence and modern supply chain fourth advanced the original economic integration china is ready to work with asean to deliver the outcomes of the upgrade of china asean free trade area on the ground as early as possible and conclude negotiations on the regional comprehensive economic partnership our SEP at an early date we will strengthen lands on mekong cooperation and upgrade cooperation with BP yoga which will help ASEAN countries narrow the development gap and lend fresh impetus to regional economic integration and sustainable development ladies and gentlemen China's economy has maintained steady and sound growth in recent years in the first half of this year China's GDP grew by six point percent year-on-year registering a growth rate between 6.7% and 6.9 percent for 12 quarters in a row in the first six months final consumption expenditure and the service sector contributed seventy eight point five percent and sixty point five percent of economic growth respectively indicating an improved economic structure new growth drivers contributed over one third of economic growth with ever stronger new growth drivers and more market potential unleashed China's economy is embraced in an even brighter future this year China marks the 40th anniversary of reform and opening-up as Chinese President Xi Jinping pointed out at the 19th National Congress of the Communist Party of China CPC China will not close a store to the world we will only become more and more open at the BOA Forum for Asia and your conference 2018 last April he announced a number of major measures for further opening up these measures are now being implemented and some of them have already paid off China's resolve to open its doors still wider will not change even when the external situation changes China will consistently pursue open up at its own pace this will offer important opportunities for ASEAN countries and beyond foreign enterprises are most welcome to work with Chinese businesses to seize opportunities tap potential and broaden and deepen cooperation for when-when outcomes the World Economic Forum is an important platform for the discussion of global issues for many years China has enjoyed sound cooperation with the forum in six days the 12th summer Davos session will open in Tianjin China I believe this meeting here and the session in Tianjin will reinforce each other and contribute to the sustained growth of the world economy inclusion I wish the World Economic Forum on asean a full success thank you [Applause] thank you so much mr. vice premier also for your encouraging word about the important cooperation between China and the World Economic Forum and we are all also looking forward to next week's annual meeting of the new champions summer Davos in Tianjin now we are coming to the second segment of the opening we're focusing also on the fourth Industrial Revolution and it is my honor to introduce his Excellency Joko Widodo president of the Republic of Indonesia [Applause] gentlemen good morning what is happening in the world economy today is that we are heading toward infinity war not since the Great Depression of the 1930s have trade wars erupted with the intensity that they have today but rest assured I and my fellow Avengers stand ready to prevent Thanos from wiping out half the world population ladies and gentlemen Pano's wants to wipe out half of the population so that the surviving hub will enjoy double the per capita resources but there is a fundamental mistake in his underlying assumption Venice believes that the resources of the planet are limited finite the reality is the resources available to humanity are not finite but infinite our resources are not limited but unlimited first all around us we see technological progress creating effort Rita efficiencies penological progress and increasing efficiency are giving us the ability to stretch our resources further than ever before scientific research clearly shows that all of our economies are getting like there is less and less physical weight and physical for you to each of our economies in just the last 12 years the total width and volume of television sets cameras music players books newspapers and magazines has been replaced by the likeness of smartphones and tablet large and heavy coal-fired power plants are being replaced by train and light solar panel and wind turbine second as our economies develop they are driven increasingly not by natural resources which are limited but by human talent which is unlimited the 18 Asian Games and ASEAN para games which which a source in Jakarta were spectacular showcase of Asia's human talent more than 14,000 athletes and 7,000 of issues from 45 countries engaged in 40 Atlantic's field in the opening and closing ceremonies thousand of singers dancers Acrobat and others artists from Indonesia from India from Korea and many other countries both on glorious show that included a Tunisian dangled indian bollywood and korean k-pop in indonesia of a human talent especially our young people are driving a transformational ecommerce and digital economy boom today we have four unique on or stop up with billion dollar valuation in indonesia and of course human talent is now also driving the fourth Industrial Revolution on a prayer for of this year I officially launched our industry 4.0 government program which we call making it Anisha 4.0 to share with you several of my views on Industrial Revolution 4.0 first I believe that despot Industrial Revolution will create more jobs than it destroy not only in long term path even in the short term second I believe that this fourth Industrial Revolution will not increase inequality but instead will reduce inequality because one important aspect of industry 4.0 is dramatic cost reductions for many products and services which will make those products and services cheaper and more accessible to lower-income people third I believe that passion including Indonesia will add the four prong of the fourth Industrial Revolution during the Asian game we already show case Assad driving minibus at are operating on a trial 5g Network but first we must prevent the trade Wars from becoming the Infinity Ward you might be wondering who is Venice ladies and gentlemen Venice is not any individual person sorry to disappoint you [Applause] Venice is inside all of us Thanos is the misguided belief that in order us to succeed at this mass surrender he is misperception that the rise of some necessarily mean the decline of others therefore the infinity Wars is not only about our trade wars but about each and every one of us relearning the lesson of history death with creativity with energy and with collaboration and with partnership we humanity shall enjoy abundance and we share produce not infinity ward but infinite resources thank you very much [Applause] thank you so much mr. president next speaker is his Excellency Sam dr. Coburn's n prime minister of the kingdom of cambodia around which on a carrot Attica calm nature me ma'am Tomlinson for you Ron trainees and seas madam ladies and gentlemen today I am pleased to apologize with my late arrival because during the last five years I had to read two speeches one the speech and in the in China in the zine China Expo the 15 Ron and here the second speech but come to take part in this meeting today I am pleased to attend the 27 World Economic Forum on a scene in which we will discussed an important topic the interpreter ship and fourth Industrial Revolution for azim we all know that the continuous progress of science and technologies the so-called fourth Industrial Revolution had become a key factors determining the strength of evolution of our dimensions of society and economy while also bringing about both opportunities and challenges for the world in fact fourth Industrial Revolution is rebuilding the technological progress to the wall and forcefully reshaping the factors of production consumption behaviors and economic structures those technological progress or the use of artificial intelligence the juice of robot 3d printing the use of bio technologies etc all of these technologies have caused changes with unprecedented speed in the areas of production education health job market Commerce Business Administration and technologies etc nowadays the digitalization have become a new growth catalyst that helped increase productivity and work efficiencies allow local SMA to linguist a regional and global production chain as well as explore innovation in goods and services production and more importantly allowed least developed countries or emerging countries to seize the new technologies for leapfrog the traditional industry into modern industry excellencies madam ladies and gentlemen why bringing about positive change for our nation the first Industrial Revolution would also cause anxiety and create challenges for us such as job losses the need for higher level of education and skill a workforce an equal distribution of benefit due to different level of access to knowledge and technologies potential IT related clients and offense that could impact national and regional security lacked of legal and regulatory framework for the management and safeguard of data data privacy and cybersecurity etc in this area to seize the positive development and reduce anxiety I am of the view that ASEAN should implement the following measures creating as I envisioned for industry 4.0 with comprehensive and inclusive feathers that is based on the existing as in initiatives by incorporating important development program in the areas of technologies human resource legal framework hard and soft infrastructures of IT and reform program for ASEAN and members countries formulating Human Resource Development Program focusing on enhancing qualities of education and skill training addressing love job losses and developing social protection system to address economic and social inequality promoting the development of ecology system supporting research and innovation in the region and Hansen's and internal capacities in developing new business model creating new jobs and setting new direction for the futures economy continues to improve hard and soft infrastructures especially enhancing existing connectivities as well as continuing to promote original and intra regional integration in order to further develop resilient foundation for other nations to exploit the benefit from global New Clothes containment excellencies madam ladies and gentlemen Cambodia is the country with high potential to seize the opportunities arising from the fourth Industrial Revolution due to the following theatres one they more graphic diffident increasing numbers of educated youth with their first absorption of digital technologies to rapid increase in the use of smartphone with high dosage rate three first technological spill hours from the inflow of foreign direct investment and four first digitization is taking place in all key economic sectors such as in FinTech sectors and e-commerce sectors why the consumers our customer our custome customer themselves to the use of these technologies in this regard the royal government has been formulating and devising policies in line with this emerging trend to seize opportunity promote the progress of technologies in business market manage business environment as well as mitigate unexpected risk arising from these technological development getting reduced for digital economies and responding to the fourth Industrial Revolution has become a privatized goal of the Royal Government in this mandate we will focus on strengthening and expanding the foundation of digital economy in both heart and south developing human resource and skill in line with this new context developing legal and regulatory framework as well as promoting and enhancing the research and innovation cambodia has indeed been promoting the development of entrepreneurship and small and medium enterprises with aims to creating relevant new jobs and reorienting directions for development especially first capacity and Hansen's program by focusing on interpreter skill and business management including crew 18-inch apparel culture and behaviour through digital platform and second developing business support program by providing business counseling and technology support including the development research and development center before ending I would like to express my gratitude to the people and government of Vietnam for irritation and warm hospitality and we like to wish these meetings ourselves with fruitful outcome for the interests of the as in community and thank you for your kind attention [Applause] Thank You Prime Minister no it is my pleasure to introduce his Excellency dr. Tom long si sulit prime minister of the Lao People's Democratic Republic lotta Excellency UN's food Jang general secretary of Vietnam His Excellency on foot Prime Minister of the Socialist Republic of Vietnam heads of state and Heads of Government professor Klaus Schwab executive chairman of the World Economic Forum ladies and gentlemen it is my great pleasure to attend the World Economic Forum once again in this beautiful city of Hanoi I would like to extend my congratulations to His Excellency Prime Minister Newman folk of Vietnam and the government of Vietnam as well as the World Economic Forum on the excellent arrangements for this meeting and I would like to express my appreciation to the government and the people of Vietnam for the warm welcome extended to my delegation over the next decade our world will grow rapidly in the wake of science and technology revolution and new industrial innovations that will provide the basis for many countries in the world to develop the respective national socio-economic development for ASEAN it is predicted that in the next decade the fourth Industrial Revolution will become an unparalleled evolution of science that cannot be avoided this will create conditions for all countries including the public the business sectors and entrepreneurs to turn towards the use of scientific advances of this new era in upgrading production capacity enhancing the competitiveness of the different sectors and thereby strengthening their integration into regional and international economic value chains however we need to think about some of the challenges that may arise such as conflicts these include disparities in benefits from advances in science between countries groups of countries as well as between different groups of people development gaps and increasing cyber threats that will become social problems if we do not have appropriate measures to address them excellencies ladies and gentlemen against this backdrop I am of the view that for ASEAN even though we have made efforts to advance together we still see the challenges of having gaps in many areas therefore ASEAN should first continue to develop itself in accordance with the changing regional and international context while maintaining asean centrality and unity in shaping the evolving regional architecture to ensure that asean collectively continues to grow this can be done through focusing efforts in implementing audience priority programs in asean community vision 2025 which includes the asean plan of action on science technology and innovation 2016 20:25 that aims to build asean as a region that is innovative competitive sustainable and economically integrated as well as ensuring implementation of the asean ICT master plan that focuses on developing strong ICT infrastructure to create a favorable environment for trade investment and entrepreneurship and to bridge the technological gap towards ensuring maximum benefits from the utilization of ICT second the ASEAN Secretariat is conducting a study on audience readiness for the fourth Industrial Revolution which I think this assessment will become an important document to help asean establish more relevant policy direction third audience should continue to empower the business and private sectors to advance forward together in the era of changes towards the fourth Industrial Revolution so that ASEAN will be able to compete with other regions more effectively another important aspect is as Ian's business units which are central to boosting respective national economic growth they must continue to adapt themselves to the conditions of new competitive conditions in an era of innovation and fourth Industrial Revolution we can generally say that in this era of the fourth Industrial Revolution the public sector and the private sector are all in the same boat and I see and therefore is also in the same boat excellencies ladies and gentlemen for the lab vidya in order to open up its economy and move towards international integration the government has focused on all efforts on improving and adapting itself in many ways the key is to transform the economy in the direction of modernization and make a transition from the use of out-of-date labor conditions tools and techniques to the utilization of modern technology in all areas of development production and services in conjunction with efficient use of natural resources and environmentally friendly development as well as human resources development particularly upgrading of the quality of basic vocational and Tesori education but because the Lao PDR still has basic industrial structure tools and production facilities we need to increase the exchange of lessons and increase cooperation with various parties at the regional and international levels with a view to enable ourselves to integrate into regional and international economies of this era of the fourth Industrial Revolution I wish this world economic programme great success thank you [Applause] Thank You Prime Minister no it is my honor to introduce her excellency door han sunsoo she state councilor of the republic of the union of Myanmar madam floors yours [Applause] Jackson says distinguished guests ladies and gentlemen let me begin by thanking our hosts the government of Vietnam and the World Economic Forum for organizing this event Nima is one of those countries that have been practice practically bypassed by the third Industrial Revolution and we have been forced to plunge straight into the fourth one the activity that is usually associated with late comers like us is leapfrogging but dynamic colleagues have objected to this term saying that what we have been engaged in is not mere amphibian hops but quantum leaps because quantum leads are absolutely necessary for countries like us which have been left behind by events over the past few decades we when I say that we have been engaging in quantum leaps let me give you a very concrete example five years ago the price of cell phones in my country was about $1,500 now it has dropped to about 1.5 dollars US Dollars and access to broadband has leapt from a little under 1% to 105 percent that is in five years I think we can be justified in saying that this has been a quantum leap one quantumly leads to others because of our access to cell phones and because of our access to cell phones we have been able to progress in unexpected directions for example niyama is not a country where we have had what you might call a banking culture our people think that their money is more secure under the mattress than in a bank but from this stage we have got to the point when we think that we can forge ahead and make the unbanked bankable because of the familiarity that of people have been able to forge with cellphones many of the cell phones that are people are using now are smart phones about 30 percent are smart phones now and again this is this has happened over a very very brief period but it is not just banking it's also with commerce we believe that we will be able to progress very quickly not to e-commerce but to social commerce access to the Internet for many of our people is through cell phones and not through other methods but this has been so quick and so widespread that we think that we have not been left behind in the fourth Industrial Revolution how has this come about it has start it started in a very practical way we did not believe in protectionism we opened the market to healthy competition and this was the reason why access to broadband has become cheap and quick and easy for the great majority of us so it is practical need as well as confidence in our people in our human resources because we believe that competition is healthy we are not afraid of competition if we are going to be afraid of competition we will not be able to catch up with all those countries which have been more fortunate than us and which are well ahead of us in the fourth Industrial Revolution journey we believe that our people are capable of coping with the challenges and that brings me to what we see as one of the most important aspects of the fourth Industrial Revolution the human factor dr. Schwab has placed emphasis on it saying that we must not lose the most valuable human assets that just say he identified creativity p'tee and stewardship so our approach to the fourth Industrial Revolution is based on our belief in the creativity the empathy and the stewardship qualities of our people especially of our young the fourth Industrial Revolution is often associated particularly with the young but I think it is associated with all of us we talked about seamless connectivity between regions between sectors I think we should also think about seamless connectivity between the ages between the young and the old and the middle-aged because we all have to work together if the fourth Industrial Revolution is to be a success for Humanity not for any particular country or any particular region but for Humanity as a whole our approach to the human factor is to invest as much as possible in our people the young as well as the old not the ones for whom the education sector is wide open as well as the ones for whom the education sector seems to have closed though the old who have not been able to get a decent education we want to open up opportunities of for them as well because we believe that all our people will have a part to play in making the fourth Industrial Revolution a boon for Humanity rather than occurs with every Industrial Revolution there has been a requirement for skilled change and that of course is education we have to teach our people new skills and we have to make them give them the confidence to face the new learning experience bravely and in the car and with the resolution to succeed in this in the past as in countries particularly the less developed among them have relied on low-skilled labor to attract foreign investor to come into their Shores but now we have to take a different approach we have to seize the opportunities that the fourth Industrial Revolution has to offer as in countries have to be prepared with the right knowledge and skills the education system of a country is considered crucial in how best we face the challenges of our times and we want to learn from countries all over the world I am particularly happy that Professor Schwab is from Switzerland because we look to Switzerland as the model of vocational training education has not been mentioned very widely by those who have speak spoken this morning but we think that we need to shift the emphasis in education to practical skills rather than just academic qualifications in our country especially where we where there is a great need to overcome the gap that is has grown up between us and the more developed countries we need to concentrate on the practical aspect of education and by thus on concentrating on the practical aspects of Education we will be able to provide all our young people's not just the privileged ones but the jumpy from from the rural area who have not had the privilege of conventional education to keep up with the rest youths with innovative ideas must be encouraged to believe that they are part of the fourth Industrial Revolution regardless of the academic qualifications the data from previous sources have fuelled that nearly 50 to 75% of the implementation of new technologies have failed in terms of quality and reliability due to neglecting the human factor we cannot afford to fail because we are already so far behind and when I say it I hope that I'm speaking not just from Yama but all those nice developed countries which are at me I do not like to save the tail-end but which are not quite at the head of the fourth Industrial Revolution race there is a lot of talk about the right kind of entrepreneurship but I have not been quite sure whether we are talking only about entrepreneurship as regards Commerce and Industry and Trade or if we are talking about entrepreneurship as a nurturing process nurturing new sectors to develop and new sectors to catch up with those who are ahead of them so it's stewardship what dr. Schwab referred to as stewardship is what I think is necessary in not just in our commercial sector but throughout our country and this this ture chip has to be linked to creativity and empathy unless we are creative we will not be able to meet the challenges of a completely new era which we had never anticipated 50 years ago now that we are facing the challenges of this new era we have to be created and creative and in Mima we have the strength of the creativity of our young our education system has not be strong been strong over the last several decades but yet we are beginning to see that our young are very strong in creativity and in spite of the fact that we have invested so little in research the research capabilities of our young people is quite astonishing we hope that before long we'll be able to prove to the world with specific examples rather than with a general assertion that our young are strong on creativity which of course is at the basis of meaningful research systems do not create themselves there are teams of experts behind every new idea and engineers are required to convert the ideas into a working system so creativity has to be linked with practical skills and a practical approach to make our creative talents marketable we cannot but avoid we cannot avoid talking about markets in a World Economic Forum so we put a lot of emphasis on the need to make the talents of our young people marketable market will not just for the sake of making money although that's a very important part of market processes but for the sake of bringing our whole region together ASEAN is a it's a region where there are big development gaps and we believe that by closing the development gaps we will be helping not just the ones which have been left behind but the ones which have gone ahead as well I understand that the survey of the World Economic Forum has revealed that in spite of the adventurous spirit of the young there is still there is still great emphasis placed on stability which means in other words on security that again is part of the human factor the human need for security and we hope that our country will be able to trade our path along the fourth Industrial Revolution in a way that we'll be able to provide our people not just with financial security but other types of security as well the world will always need human ingenuity and human skills computers will provide us with mathematical solutions but they wouldn't provide the judgments or the nuances people will so I would like to emphasize that our country would like to put emphasis on the human factor of investment in the human factor that we may be able to make our contribution not just an awesome but in the world at large the fourth Industrial Revolution was not something we Ramdev but we do know what happened with the previous industrial revolutions and I wonder whether anybody has done any research into what difference each Industrial Revolution has made to the intelligence quarter of human being beans has it really increased and how about the EQ the emotional quarter has that also improved with each Industrial Revolution I'm not unaware of the fact that the Second Industrial Revolution took place just before the first world war which was a catastrophe for Humanity so as we talk about revolutions we also have to think about the aims of the revolution of each revolution what is the aim of our fourth Industrial Revolution is it simply to make our world a better commercial place or is it to make our world a better place altogether and I think this is something that we all have to discuss together and I'm very grateful to Professor Schwab for organizing this event which I think will provide all of us with an opportunity to find out what we can do to make the 4th Industrial Revolution a catalyst for bringing about a better world for all of us thank you [Applause] thank you so much to state councillor uncensor she know it's his Excellency protein Anton Deputy Prime Minister and Minister of Justice of the Kingdom of Thailand good morning dear party secretary of Vietnam head of state head of government distinguished guests ladies and gentlemen for Thailand the fourth Industrial Revolution represent a big turning point for the way we live and do our business digital technology is now an integral part of the society at all levels which brings tremendous benefits but at all at the same time posting immense challenges especially for SMEs and marginal groups of people which the government must provide access and opportunity to access to this technology at the national level the Royal Thai government came up with the Thailand 4.0 policy which is an economical development to transform Thailand's economy towards a value base and innovative driven economy to also develop human resources technology clusters and targeted industries and development of entrepreneurs and network of innovative enterprises it will also stress upon the inclusiveness and also to create the participation of all segments of the population so that they can reap the economic benefits from digital transformation the government is also recognized that in the area that the digital that technology connects all of us together Thailand cannot go forward alone therefore as the ACMA chair this year we place importance on the linking of the five mekong countries together to create a seamless regional value chain and lead our region into the era of the fourth Industrial Revolution dynamically this is the core concept of the ACMA master plan 2019 2029 our endeavor does not stop at only the sub regional level as a future chair of ASEAN and epic Thailand we will continue a role as the enabler of connectivity we reaffirm our commitment to connect the kinetic connectivities to ensure that the missing links and connectivity connectivity gaps in our region both in terms of physical and physical and digital gaps will be close therefore Thailand has proposed the drafting of the ethnic master plan we have made sure that this plan will complement and promote the synergy with other existing connectivity frameworks and plan of action for example the asean master plan on connectivity 2025 the bim's tech master plan on transport connectivity and then also the 2030 United Nations sustainable development goals Thailand also believes that connectivities are all interconnected in other words you cannot have a seamless digital connectivity without having a functional physical infrastructure therefore if you look at the master plan on connectivity for asean connectivity it compasses three dimensions of connectivities namely physical connectivity which faith focuses on infrastructure both physical and digital secondly institutional connectivity which involves institutions for example rules and regulation harmonization and three people-to-people connectivity which focuses and emphasis on people empowerment lastly we also believe that to promote asean centrality we will have to encourage further partnership with other region for example the Asia Pacific and Indo Pacific we will strive to foster cooperation between the government the business sector and then also the people sector so to ensure that connectivity will truly contribute towards and even more inclusive and sustainable ASEAN thank you very much [Applause] thank you so much Deputy Prime Minister and thank you so much to all the regional leaders and to Professor Schwab for what I believe has been a historic start of the 27th World Economic Forum summit on SM and I think we all know how important economic growth also is for the future of Isaiah taking into account that 10,000 young people enters the workforce every day and this will happen for the next 15 years in SM let's make sure that the 4i our revolution like the other industrial breakthroughs create jobs but also let's hope that this revolution will be more inclusive and sustainable their participants I wish you two fruitful days and also hope for productive outcome the importance of public-private cooperation has never been more important thank you looking forward to seeing you the next two days [Applause]

Channel: World Economic Forum

Views: 8,948

Rating: 4.7979798 out of 5

Keywords: World Economic Forum, Davos, WEF2018, Davos 2018, politics, finance, economy, news, leadership, democracy, education, 4IR, technology, tech, AI, automation, work, future, ASEAN, ASEAN 2018, Hanoi, Vietnam, Asia

Id: d5wVaQ56mSw

Length: 93min 35sec (5615 seconds)

Published: Tue Sep 11 2018