Improving labour productivity is vital for Vietnamese businesses in the context of Industry 4.0, with rapid increases in digitalisation, robotisation and intelligent automation, experts said.
In efforts to embrace the fourth industrial revolution (Industry 4.0), cities and provinces in Viet Nam are pushing smart city programmes, combining technology with internet-connected devices to enhance municipal management and economy.
As many as 85 per cent of industrial enterprises in Viet Nam still lag behind Industry 4.0 revolution, and only 13 per cent are at the beginner level, one official has warned.
The Ministry of Finance will apply the technological achievements of the fourth industrial revolution (Industry 4.0) to build a smart governance foundation, provide financial services and participate in the development of digital economy.
To ultilise opportunities brought by the fourth industrial revolution (Industry 4.0) and limit unwanted effects, Vietnamese Prime Minister Nguyen Xuan Phuc said the Government would build long-term orientations and install specific policies.
The World Economic Forum on ASEAN (WEF ASEAN) 2018 is scheduled to take place in Ha Noi from September 11-13, focusing on entrepreneurship and the fourth industrial revolution (Industry 4.0).
Innovative manufacturing is key to increasing productivity and sustainability as Viet Nam confronts the fourth industrial revolution challenges, experts say.
State and local enterprises should pay attention to train workers during the fourth Industrial Revolution to reduce ability of dismissing them, said experts.
The fourth industrial revolution (Industry 4.0) will have a significant impact on all aspects of socio-economic life in all countries around the world, said Vu Thi Mai, deputy minister of finance, at a workshop on Thursday.
To ultilise the advantages of the fourth industrial revolution, citizens must quickly be equipped with knowledge, said Tran Van Tung, Deputy Minister of Science and Technology.