World Economic Forum on ASEAN: Worries, hopes for 'Industry 4.0' dominate talks

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Asian leaders are gathering in Hanoi for the World Economic Forum on ASEAN. Threats to the global trading system, and the possible impact of rapid technological change have dominated discussions. Rian Maelzer reports from Hanoi.

It was the biggest parade of political leaders ever seen at this regional edition of the World Economic Forum, half a dozen ASEAN leaders, plus the prime minister of Sri Lanka and a Chinese deputy premier.

A recurrent theme: How countries and regions can ensure they don't get left behind by the Fourth Industrial Revolution.

Vietnam's premier called for ASEAN to collaborate more closely on digital connectivity, e-commerce, e-payment and incubating new talent. Singapore's prime minister echoed the theme.

LEE HSIEN LOONG SINGAPOREAN PRIME MINISTER "ASEAN is committed to further economic integration. This is an important condition for the fourth industrial revolution because it's about building new networks, creating new synergies and staying connected."

Indonesian President Joko Widodo warned against those who see global trade as a zero sum game, likening them to the Marvel Comics' villain Thanos who's bent on destroying the world. But he was upbeat on Industry 4.0.

JOKO WIDODO INDONESIAN PRESIDENT "I believe that this Fourth Industrial Revolution will create more jobs than it will destroy, not only in the long term but in the short term. I believe this Fourth Industrial Revolution will not increase inequality but will reduce inequality."

China's vice premier said China can assist ASEAN to rise up the technology chain.

HU CHUNHUA CHINESE VICE PREMIER "ASEAN shares a vision with China for innovation-led growth. China will support ASEAN with its Smart City network, and we will enhance our cooperation in digital economy, artificial intelligence, and modern supply chains."

RIAN MAELZER HANOI "The thousand-odd delegates to this forum also discussed such wide-ranging topics as cybersecurity, women entrepreneurship, the new global balance of power, road safety, malaria and threats to cultural diversity in this ethnically diverse region."

Rian Maelzer, CGTN, Hanoi.