Impact of the fourth industrial revolution on the sustainability of Vietnam’s economic development | Zendy

Liudmila Guzikova | Zendy; Lo Thi Hong Van | Zendy; Igor Nechitaylo | Zendy; Natalia Dedyukhina | Zendy

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

Author(s) -

Liudmila Guzikova,

Lo Thi Hong Van,

Igor Nechitaylo,

Natalia Dedyukhina

Publication year - 2020

Publication title -

iop conference series materials science and engineering

Language(s) - English

Resource type - Journals

eISSN - 1757-899X

pISSN - 1757-8981

DOI - 10.1088/1757-899x/940/1/012031

Subject(s) - industrial revolution , sustainability , identification (biology) , national economy , economic growth , economy , business , political science , economic system , economics , ecology , botany , law , biology

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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