(VEN) - Most Vietnamese businesses remain at the starting point of preparations for Industry 4.0. To get ready for this revolution, the state and businesses need to take suitable measures and pay special attention to improving the quality of human resources. Massive job loss Vietnam has been dependent for a long time on foreign direct investment (FDI). Low labor costs, labor and resource-intensive industries, and preferences in terms of tax and land rent have attracted foreign investors to Vietnam. However, FDI flows tend to move to markets where Industry 4.0 technologies can be utilized. Therefore, low labor costs will no longer be an advantage and may even be a challenge. According to Dr. Le Dang Doanh, former Director of the Central Institute for Economic Management, 86 percent of the workforce in the Vietnamese textile, garment, leather and footwear sectors is forecast to lose their jobs in the next 15 years. In the context of increasingly great importance attached to jobs … [Read more...] about In Industry 4.0 era, low labor costs don’t count
Industry 4 0
Youngsters offer suggestions to promote innovation and Industry 4.0
The youngsters attending the event at FPT Software Village (in Hanoi’s Hoa Lac Hi-Tech Park) have been trained at the world's top universities and worked in the trendy sectors for Industry 4.0, such as IT, biotechnology, platform technology and automated manufacturing. They have been recognised for their excellent research achievements by prestigious training institutions, international organisations, enterprises and State agencies. Chairman of FPT’s Board of Directors, Truong Gia Binh, said that Industry 4.0 is an unmissable opportunity for Vietnam to realise its digital aspirations. He expressed his wish that the 100 talents will join FPT and domestic enterprises to solve the big problems in the research, development and application of technology under Industry 4.0 in some key fields, such as e-government, intelligent medicine, transportation, finance and banking. At the meeting, experts and scientists were presented with details of the technologies and typical products … [Read more...] about Youngsters offer suggestions to promote innovation and Industry 4.0
Germany supports human resource training to serve Industry 4.0
At the signing ceremony (Photo: VNA) Dong Nai (VNA) – Germany will help Vietnam improve the quality of its workforce to meet the requirements of Industry 4.0 under a public-private Memorandum of Understanding. The deal was signed in the southern province of Dong Nai on August 22 between the Directorate of Vocational Education and Training under the Ministry of Labour, Invalids, and Social Affairs, and LILAMA-2 International Technology College on the Vietnamese side, and Bosch Vietnam Co., the Ltd and the German Development Cooperation Agency on the German side. The partners will look to develop training courses at LILAMA-2 and train high-quality human resource for local firms in the era of Industry 4.0 and the digital revolution. The three-year programme will cost a total 400,000 EUR and will be initially implemented at LILAMA-2 school, before being carried out in other vocational training schools with the support of the Directorate of Vocational Education and Training. … [Read more...] about Germany supports human resource training to serve Industry 4.0
Bosch supports training of highly skilled workforce towards Industry 4.0
Bosch signed a public-private partnership to enable highly skilled workforce towards the 4th Industrial Revolution On August 22, Bosch with the Directorate of Vocational Education and Training (DVET), Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), and LILAMA 2 International Technology College (LILAMA 2) signed a memorandum of understaning (MOU) for the public-private partnership. The partnership’s objective is to create a cooperation with the business sector and stakeholders in the technical and vocational education and training (TVET) sector to jointly work on integrating the requirements of the growing technological changes resulting from Industry 4.0 and digitalisation into the human resources development in Vietnam. This is the next movement of the cooperation partners in contributing the technical vocational education and training in Vietnam, following the goal of making Vietnam an industrialised country by 2020. The joint project is one of the … [Read more...] about Bosch supports training of highly skilled workforce towards Industry 4.0
Bosch suupports training of highly skilled workforce towards Industry 4.0
Bosch signed a public-private partnership to enable highly skilled workforce towards the 4th Industrial Revolution On August 22, Bosch with the Directorate of Vocational Education and Training (DVET), Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), and LILAMA 2 International Technology College (LILAMA 2) signed a memorandum of understaning (MOU) for the public-private partnership. The partnership’s objective is to create a cooperation with the business sector and stakeholders in the technical and vocational education and training (TVET) sector to jointly work on integrating the requirements of the growing technological changes resulting from Industry 4.0 and digitalisation into the human resources development in Vietnam. This is the next movement of the cooperation partners in contributing the technical vocational education and training in Vietnam, following the goal of making Vietnam an industrialised country by 2020. The joint project is one of the … [Read more...] about Bosch suupports training of highly skilled workforce towards Industry 4.0