(VEN) - The Fourth Industrial Revolution or Industry 4.0 has a strong impact on automation, transportation, financial and banking, education, health and agricultural industries and opens up opportunities for countries and territories worldwide, including Vietnam. Enterprises should invest in technology to adapt to Industry 4.0 Productivity through automation Pham Thiet Hoa, Director of the Investment and Trade Promotion Center of Ho Chi Minh City (ITPC), said this wave of new technology or Industry 4.0 helps businesses improve their competitiveness, renovate products and services, minimize fuel and material consumption and production costs, and better satisfy customer needs. Trinh Thanh Nhon, General Director of ICC, a cosmetics manufacturer, said his company previously used 150 workers, and the new technology has now enabled it to accomplish a workload triple its previous one with a staffing of only 50 workers. In 2018, ICC will import an automated washing powder production … [Read more...] about Industry 4.0 changing Vietnamese business
Industry 4 0
Indonesia prepares human resources for Industry 4.0
A corner of Indonesia (Source: bp.com) Jakarta (VNA) – The Indonesian Government is giving priority to the development of human resources in order to prepare them for the fourth Industrial Revolution or Industry 4.0, after focusing on massive infrastructure development. The fourth industrial revolution, starting this year, will revolutionise the manufacturing and production industries by integrating Internet of Things, data integration, cloud computing, and other technological advancements into the heart of production and manufacturing systems. Indonesian Industry Minister Airlangga Hartarto said that improving the competence of human resources is the key to success in facing the Industry 4.0. This is in line with the roadmap of Making Indonesia 4.0 which seeks to place Indonesia in the ranks of the 10 largest economies in the world in 2030, he noted. The road map was prepared on the basis of the directives of President Joko Widodo, who stressed the importance of the fourth … [Read more...] about Indonesia prepares human resources for Industry 4.0
Industry 4.0 innovation poses challenges to Vietnam
On the journey toward the industry 4.0 innovation, Vietnam has met plenty of roadblocks and difficulties. However, one problem seems to be extremely challenging is the lack of high quality workforce. This problem has kept Vietnam from realizing its potentials in the 4.0 era. In recent years, a huge number of under-graduated students across Vietnam have engaged in part-time jobs which require sufficient technology knowledge. This has allowed them to acquire valuable experiences to compete in the ever-changing world of technology. Vu Dinh Phuong, student of Hanoi University of Science and Technology, has been exposing herself to the world of information technology by working part-time for a company which uses A.I (Artificial Information) products. “It is more efficient to study and work part-time at the same time. I think it is crucial that students nowadays equip themselves with knowledge to meet the demand of the 4.0 Industry,” said Phuong, an undergraduate from … [Read more...] about Industry 4.0 innovation poses challenges to Vietnam
Symposium talks information technology amid Industry 4.0
According to experts and economists, Industry 4.0 is driven by the strong development of digital technology, in which IT plays a critically important role. It will create “unprecedented” things greatly affecting the economy, society, production methods, as well as humans. Visitors to the IT Techmart 2018 in Hanoi. (Photo for illustration) Technologies in Industry 4.0 are inevitable technological trend to which Vietnam must adapt to keep up with developed countries around the world, they noted. In May 2017, Prime Minister Nguyen Xuan Phuc issued Directive 16/CT-TTg on enhancing the capacity of accessing Industry 4.0, which requested ministries and localities to provide the best conditions for the development of Industry 4.0 in Vietnam. Participants said this directive showed that the Government leader paid special attention to this issue and considered it as an opportunity to develop the country in a fast and sustainable manner. At the event, experts and … [Read more...] about Symposium talks information technology amid Industry 4.0
Vietnamese labourers facing with challenge of Industry 4.0
Industry 4.0 poses a challenge to the Vietnamese labour force so significant that the only way to meet it is to impose reforms across the board, starting with education and training programmes, experts agreed at a seminar yesterday in Hanoi. According to the International Labor Organization (ILO), for example, 86 per cent of workers in Vietnam’s textile and footwear industries are at great risk of losing their jobs under the influence of technological breakthroughs caused by Industry 4.0. VNS … [Read more...] about Vietnamese labourers facing with challenge of Industry 4.0