Simon Matthews, country manager for ManpowerGroup in Vietnam, Thailand, and the Middle East, talked to VIR about how the Fourth Industrial Revolution will impact the Vietnamese workforce. Industry 4.0 is impacting Vietnam's workforce. Do you think that Industry 4.0 is causing increasing unemployment threats to Vietnamese workers?According to the ManpowerGroup report “A skills revolution”, manufacturing has seen the greatest technological disruption. As the so-called Fourth Industrial Revolution takes hold, total employment has declined while output has skyrocketed. Between 1990 and 2014, manufacturing’s share of total employment fell across almost all advanced economies – including Japan (-34 per cent), France (-33 per cent), the US (-31 per cent), and Germany (-25 per cent).Digitalisation is by no means reserved for manufacturing, and white-collar work is being transformed as well. There are more monthly visits to virtual health advisors on the WebMD network … [Read more...] about For Industry 4.0’s workforce, up-skilling is a necessity
Industry
Vietnam, Algeria boost ties in industry, urban planning
The meetings were part of the 11th meeting of the Vietnam-Algeria Inter-Governmental Committee in Algiers.Ha, also head of the Vietnamese sub-committee of the Vietnam-Algeria Inter-Governmental Committee, and Algerian Minister of Industry and Mines Youcef Yousfi agreed that the two countries’ relations have been reinforced through bilateral cooperation and delegation exchanges, including official visits by their leaders.However, bilateral cooperation, particularly in trade, is below potential, they noted.Yousfi proposed that after the inter-governmental committee’s 11th meeting, Vietnam and Algeria establish a working group for industry and mining to beef up cooperation effectiveness. Through this working group, the two sides can overhaul legal documents, tackle bottlenecks, set cooperation plans, and share information and experience in areas of their strength.Notably, Algeria asked for Vietnam’s assistance in developing agriculture and tourism, which are considered … [Read more...] about Vietnam, Algeria boost ties in industry, urban planning
Major expos to promote Vietnamese supporting industries
According to Do Phuoc Tong, chairman of the Ho Chi Minh City Association of Mechanical and Electrical Enterprises, the on-going expansion of multinational corporations in the manufacturing sector has facilitated the development of the domestic supporting industries in recent years. A growing number of local firms have seized the chance to join global supply chain networks.“Vietnam has given priority to investment in the supporting industry with a view to developing the manufacturing sector and contributing to the country’s industrialisation and modernisation process. Thus, the expo will be a practical and efficient playground for local and foreign enterprises to explore new opportunities in the hardware and hand tools industry,” he said.This year, the exhibition will welcome 250 enterprises from 20 different countries and territories. It will cover an area of 5,000 square metres at Saigon Exhibition & Convention Centre (SECC). The four-day … [Read more...] about Major expos to promote Vietnamese supporting industries
VN fashion industry faces threat of takeover by foreign brands
Early in November NEM Vietnam, the second largest women’s apparel maker in the country, said on its website that it and Stripe International, a Japanese fashion retailer, had begun negotiations for the latter to acquire a stake in NEM. According to Hanoitimes, Stripe wants to take over the fashion business of NEM since it owns the NEM women’s fashion brand, which has huge potential with 44 stores across the country and its target customers being women aged 20-40. NEM’s revenue is expected to rise by 20 per cent this year to US$26 million. The newspaper also quoted Yasuhary Ishikawa, the president of Stripe, as saying the acquisition of NEM is part of the company’s plans to enter the Vietnamese fashion market. Though NEM has not made an official statement yet on the deal, analysts expressed concern that the fashion industry could possibly be taken over by foreign businesses in the near future. Industry insiders said the worry is not without basis … [Read more...] about VN fashion industry faces threat of takeover by foreign brands
Logistics industry looks towards impending growth
Increasing competition among private and foreign enterprises shows the market’s attractiveness towards suppliers and the potential for development in the growing Vietnamese consumer market.As e-commerce forwarding services become more and more active in Viet Nam, especially in the final delivery stage towards the end consumers, market participants now range from large delivery companies to smaller start-ups with a variety of enhanced and expanded services.The high growth rate of the e-commerce industry provides many opportunities for foreign logistics companies, specifically express delivery services and logistics services for e-commerce that find the country to be a fertile ground for investment.Nonetheless, domestic enterprises with a large market share of the domestic delivery market, such as VNPost Express Joint Stock Company (EMS) or Viettel Post Joint Stock Corporation (ViettelPost), still maintain massive service solutions dedicated to E-commerce.With more than 18,000 … [Read more...] about Logistics industry looks towards impending growth