(VEN) - Vietnamese businesses need to create their own development strategies based on the foundations of the fourth industrial revolution (Industry 4.0). These strategies must be new, flexible, and able to help businesses adapt to changes. Tran Viet Hoa, director of the Department of Science and Technology under the Ministry of Industry and Trade, said the Ministry of Industry and Trade conducted a survey to assess Vietnamese industrial firms’ level of preparation for Industry 4.0 and the results painted a troubling picture. The survey indicates that the critical disadvantage of domestic businesses is that 70 percent of them have equipment that cannot be controlled by IT or connected with other equipment types, while 75 percent of businesses have no single digital technical model. Vietnam’s ability to approach Industry 4.0 continues to be hampered by a series of basic issues. The first is limited capacity for digitalizing and connecting data within businesses, among … [Read more...] about Domestic firms need development strategies for Industry 4.0
Latest update for iphone 4
Bosch develops innovative solutions for Industry 4.0
In the context of industrialisation and modernisation, businesses will demand a wider range of variants and more personalised products. Thus, future production must be able to adapt quickly to changing market requirements. Industry 4.0 is the answer to this challenge. As a leading 4.0 company, Bosch is open to working closely with businesses to develop integrated and customised solutions based on their needs. Guru Mallikarjuna, managing director of Bosch Vietnam, told VIR’s Kim Oanh about its innovative activities in this regard. Guru Mallikarjuna, managing director of Bosch Vietnam Industry 4.0 is firing the imagination of the economy. What importance do you place on this vision of the future, in general and for Bosch in particular? In my opinion, Industry 4.0 is more than just a vision of the future. Linking physical objects with the virtual world using state-of-the-art technologies is already giving rise to new business models. To give you a sense of how … [Read more...] about Bosch develops innovative solutions for Industry 4.0
Cooperation agreement on building Center for Industry 4.0 in Vietnam
In the meeting with senior leaders, PM Nguyen Xuan Phuc introduced Vietnam’s current economic issues, and he strongly affirmed the government has been developing and building friendly the business environment, often holding dialogues to listen and solve difficulties of businesses and people, creating favorable condition for private businesses and connection between small- medium enterprises with huge and foreign domestic corporations. The participants appreciated Vietnam’s financial and economic achievements, and hoped that the Vietnamese Prime Minister and Government would continue issuing measures and more drastic actions to stabilize the finance, create a proactive and free environment for investors in Vietnam. On the sidelines of the Davos Conference, Prime Minister Nguyen Xuan Phuc met Swiss President Ueli Maurer. Prime Minister Nguyen Xuan Phuc affirmed that Vietnam always focuses on strengthening relations with Switzerland; and thanked to the partner … [Read more...] about Cooperation agreement on building Center for Industry 4.0 in Vietnam
Hà Nội expects to be new production location for iPhone makers
Hà Nội’s leader expects to bring iPhone production lines of Chinese firms to the capital city. - Photo Daily StarViet Nam News HÀ NỘI — Chairman of the People’s Committee of Hà Nội Nguyễn Đức Chung expects a Chinese group to bring its iPhone production line to the capital city. The information was shared by Vũ Tiến Lộc, Chairman of the Việt Nam Chamber of Commerce and Industry (VCCI), during a meeting between the Prime Minister’s task force group and the Hà Nội People’s Committee on Thursday. According to Lộc, in the context of the accelerating US-China trade war, there is a wave of factories shifting production from China to Việt Nam, in which the northern region and Hà Nội are top destinations for investors. Earlier, Apple’s AirPods assembler, Chinese firm GoerTek, confirmed plans to shift production out of China to avoid the escalating … [Read more...] about Hà Nội expects to be new production location for iPhone makers
Hanoi aims to become new location for Iphone factory
The Hanoitimes - Hanoi gathers favorable conditions to become headquarters of world’s leading corporations, according to a business executive. Chairman of Hanoi People’s Committee Nguyen Duc Chung is in contact with a Chinese corporation with a view to bringing the Iphone production line to Vietnam's capital city, according to Vu Tien Loc, chairman of the Vietnam Chamber of Commerce and Industry (VCCI). Illustrative photo. In the context of the US – China trade friction, there is a wave of investors moving from China to Vietnam, Loc said in a meeting on November 22. According to Loc, the northern region, especially Hanoi, is a top destination for investors, and the relocation of a Iphone factory from China to Vietnam is part of this wave. Loc added that Hanoi could become headquarters of the world’s leading corporations. As a new investment wave is coming, the VCCI chairman expected Hanoi to continue improving the … [Read more...] about Hanoi aims to become new location for Iphone factory