Ho Chi Minh City signs agreement with WEF to set up Industry 4.0 center

Phan Van Mai, chairman of the Ho Chi Minh City People’s Committee, signed a collaboration agreement with the World Economic Forum (WEF) in Davos, Switzerland on Tuesday to establish the Center for the Fourth Industrial Revolution (C4IR) in the city. The signing ceremony took place in the presence of Vietnamese Prime Minister Pham Minh Chinh and WEF executive chairman Klaus Schwab. The Ho Chi Minh City C4IR, the second of its kind in Southeast Asia after the Malaysian C4IR established last year, is expected to become a platform for the southern city, and Vietnam in general, to develop strategies for the fourth industrial revolution. It will be located at the Saigon Hi-Tech Park in Thu Duc City, an administrative district under Ho Chi Minh City. WEF managing director Jeremy Jurgens said setting up the Ho Chi Minh City C4IR would mark an important milestone in the Vietnam-WEF partnership.