Industrial Revolution 4.0 promised to bring opportunities to the business community, especially in sectors such as manufacturing, automation, agriculture, transport, finance, banking, education and health.

The statement was made by Hoang Quang Phong, vice chairman of the Viet Nam Chamber of Commerce and Industry (VCCI), at a forum held in Ha Noi on Thursday.

The event was aimed at raising awareness of the internet of things (IoT)’s potential. In addition, it helped create opportunities for businesses to access IT applications to optimise operations, improve working efficiency, and increase revenue and profit.

Phong said the workshop was also an opportunity to introduce IoT projects in agriculture, environmental monitoring, smart urban and smart production to the business community in the context of the economy developing towards the era of innovation and sustainable development.

Speaking at the conference, Dao Ngoc Chien, deputy director of High Technology Department under the Ministry of Science and Technology, mentioned the significance of IoT in State management agencies, bringing great value to save time, effort and finance for many units; especially in simplifying administrative procedures, consolidating the database system to check and control enterprises more closely.

Ngo Viet Hai, sales director of Advantech Viet Nam Technology Company Ltd, suggested the Government should have supporting mechanisms for enterprises using IoT applications.

“I hope the State can help enterprises connect closer with customers’ needs as well as have guidance for firms, especially foreign businesses, in juridical issues and administrative procedures,” Hai told Viet Nam News.

The event was organised by the VCCI in collaboration with the Ha Noi Association for SME Enterprises and IoT Open Community Viet Nam. — VNS