Many Vietnamese enterprises remain outside of Industry 4.0
As many as 85 percent of industrial enterprises in Vietnam still lag behind the fourth Industrial Revolution (Industry 4.0), and only 13 percent are at the beginner level.
Nguyen Duc Thanh, director of the Vietnam Institute for Economic and Policy Research, addresses the Launching Conference of Vietnam Annual Economic Report 2019 in Hanoi on May 29 (Photo: VNA)
Hanoi (VNA) - As many as 85 percent ofindustrial enterprises in Vietnam still lag behind the fourth IndustrialRevolution (Industry 4.0), and only 13 percent are at the beginner level.
Nguyen Duc Thanh, director of the Vietnam Institute for Economic and PolicyResearch (VEPR) was speaking during the Launching Conference of Vietnam’sAnnual Economic Report 2019 co-organised by VEPR and the Friedrich Naumann Foundation(FNF) Vietnam in Hanoi on May 29.
“At present, most Vietnamese enterprises are just standing in front of thethreshold of the fourth industrial revolution, not yet really immersed in it,”Thanh said.
“It is important to bring Industry 4.0 into real life and integrateit into the ongoing strategies and programmes of businesses, therebypositioning their future and long-term development,” Thanh said.
“The impact of technology in the workplace has not yet been witnessedsignificantly. Nevertheless, adoption of robotic automation has already startedpenetrating some industries including automobile, computer and electronics,electrical equipment.”
Sooner or later, advances in technology will start affecting Vietnam. Given thegrowth model and its position in the global value chain, the risk to economymay arise in two possible ways, Thanh was quoted as saying in the Vietnam AnnualEconomic Report 2019.
Firstly, multinational corporations (MNCs) may exit Vietnam in search of ahigher skilled labour force. Secondly, enterprises will automate themanufacturing process, laying off a substantial amount of low skilledlabourers, the report said.
“The first risk is less likely to impact, however, the second risk seemsinevitable. In this context, a priority focus on skills and workforce readinessis critical for Vietnam,” the report added.-VNA
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Nguyen Duc Thanh, director of the Vietnam Institute for Economic and Policy Research, addresses the Launching Conference of Vietnam Annual Economic Report 2019 in Hanoi on May 29 (Photo: VNA) 
