Youth’s role in Industry 4.0 highlighted at Hanoi forum

VietNamNet Bridge – Dam Manh Duong, Director of the Department of High Technology, under the Ministry of Science and Technology and Professor Doctor Tran Dinh Thien, Director of Viet Nam Institute for Economics, talk to Kinh te Viet Nam & The Gioi (Viet Nam and the World’s Economy) about Viet Nam and the fourth industrial revolution. Dam Manh Duong Like other nations, Viet Nam is facing both challenges and opportunities via the fourth industrial revolution, or Industry 4.0. However, in my opinion, we face more challenges than opportunities. Regarding the opportunities, Viet Nam is a late comer so with lessons learned from other nations we can take a short cut. We will be able to utilise opportunities presented to us while bypassing certain stages of development. In addition, Viet Nam may adopt new models suitable to its own conditions in the course of economic development. However, Viet Nam will also face many challenges, particularly in technology, human resources, policies and infrastructure. It is a naked truth that our technology is at a moderate level and the level is not the same across the board. These are the hindrances for us in the course of implementing Industry 4.0, particularly the level of our human resources and infrastructure. Though our country has actions to approach Industry 4.0, the readiness of each ministry and sector varies. For example, the Ministry of Trade and Industry, the State Bank of Viet Nam, the Ministry of Labour, Invalids and Social Affairs have been in the forefront…... [read more]

NDO – According to Prof. Dr. Nguyen Mai, Chairman of the Vietnam Association of Foreign-Invested Enterprises, new directions for attracting foreign direct investment (FDI), which focus on higher quality sources of capital and towards future technologies and services, will create an important opportunity for Vietnam to catch up with the countries that have higher levels of development. He granted an interview to Nhan Dan (People) reporter to share his opinions on the prospects of FDI attraction in the near future. Q: In 2016, Vietnam’s FDI disbursement reached a record high of US$15.8 billion. FDI capital has continued to increase in the first seven months of this year. How do you assess the capacity of FDI disbursement in the last months? A: The FDI capital reached over US$9 billion in the first seven months of the year, an annual increase of 5.8%. In July alone, the country attracted numerous major projects, including the Nghi Son 2 thermal power plant, in Thanh Hoa province, which was invested in by Japan with a total investment capital of US$2.793 billion, in addition to Samsung Display Vietnam in Bac Ninh province with an added investment capital of US$2.5 billion. There are also a number of major projects under negotiation or memorandum. Therefore, this year, the total newly registered and supplemented capital, as well as capital contribution and share purchases, will be likely to increase significantly, reaching approximately US$30 billion and the implemented capital could reach US$17-US$18 billion. In addition, it is estimated…... [read more]

Delegates to the AMM 50 (Source: EPA/VNA)   Manila (VNA) – The foreign ministers of the Association of Southeast Asian Nations (ASEAN) have reviewed the bloc’s achievements recorded over the past 50 years and put forth major development orientations for the ASEAN Community in the time ahead. They are gathering at the 50th ASEAN Foreign Ministers’ Meeting (AMM 50) that opened in Manila, the Philippines, on August 5. The ministers shared the views that the greatest attainment ASEAN has gained is the building of a favourable condition for peace and stability, helping bring nations in the region closer to create collective strength as well as a dialogue culture and cooperation for their growth. They assessed the materialisation of the ASEAN Community Vision 2025 and master plans on politics-security, economy, culture and social affairs. In an effort to practically benefit ASEAN citizens, the ministers consented to promote programmes on economic development cooperation and narrow development gaps, increase connectivity, especially through the implementation of the third phase of the Initiative for ASEAN Integration (IAI), the Master Plan on ASEAN Connectivity (MPAC) and measures to ensure social welfare. Applauding the initiative to combine the ASEAN Community Vision 2025 with the UN’s 2030 Agenda for Sustainable Development, the officials considered this one of the priorities and agreed to roll out a roadmap to boost the reciprocation of the two documents. Regarding ASEAN’s external affairs, they lauded strides made in relations between the…... [read more]

Vu Thi Lan had worked for 10 years at an electronic assembly factory in the Quang Minh Industrial Zone (IZ) when she received her pink slip in mid-April. Workers at the Denso Việt Nam Co Ltd in the Bắc Thăng Long Industrial Zone in Hà Nội. In the first four months of 2017, 10,441 workers over 35 years old registered their unemployment status.  There was no notice given, whatsoever. The reason given was that the company was facilitating technical innovations, but Lan is not buying it.  “Actually, it is just an excuse, since they are recruiting hundreds of new workers. The main reason is that we are over 30. “I went to the Bắc Thăng Long IZ, trying to find work in some foreign company, but they only accept people between 18 and 30.  Now, there is just no more chance for me,” she said sadly. This shocking information of workers being sacked just because they have turned 30 appears to be backed by figures from the Hà Nội Centre of Employment Service (HCES). It says that in the first four months of 2017, 10,441 workers over 35 years registered their unemployment status, accounting for about 90 per cent of the total. Nguyễn Thị Kim Loan, Head of Unemployment Insurance Department under HCES said that job layoffs of over-30 workers were occurring mostly in foreign-invested factories in Quang Minh, Sóc Sơn, Thăng Long and other industrial zones. Thirty-year-old Đinh Thị Hương of Ninh Bình Province, who works for a Japanese…... [read more]

NDO/VNA – The foreign ministers of the Association of Southeast Asian Nations (ASEAN) have reviewed the bloc’s achievement recorded over the past 50 years and put forth major development orientations for the ASEAN Community in the times ahead. The ministers are gathering at the 50th ASEAN Foreign Ministers’ Meeting (AMM 50) that opened in Manila, the Philippines, on August 5. The ministers shared their view that the greatest attainment ASEAN has gained is the building of a favourable condition for peace and stability, helping bring nations in the region closer to create collective strength as well as a dialogue culture and cooperation for their growth. They assessed the materialisation of the ASEAN Community Vision 2025 and master plans on politics-security, economy, culture and social affairs. In an effort to practically benefit ASEAN citizens, the ministers consented to promote programmes on economic development cooperation and narrow development gaps, increase connectivity, especially through the implementation of the third phase of the Initiative for ASEAN Integration (IAI), the Master Plan on ASEAN Connectivity (MPAC) and aims to ensure social welfare. Applauding the initiative to combine the ASEAN Community Vision 2025 with the UN’s 2030 Agenda for Sustainable Development, the officials considered this one of the priorities and agreed to roll out a roadmap to boost the reciprocation of the two documents. Regarding ASEAN’s external affairs, they extoled strides made in relations between the group and its partners and appreciated contributions of the partners to the formation of the…... [read more]

Viettel’s deputy general director Le Dang Dung The giant of telecom in Viet Nam, Viettel, has achieved major success after 10 years of investment in foreign countries, including ASEAN. On the occasion of ASEAN’s 50th anniversary, Le Dang Dung, Viettel’s Deputy General Director talks with Viet Nam News reporter Vu Hoa about the group’s contributions to their overseas markets in general and the regional community in particular. Could you tell us about Viettel’s achievements after 10 years of overseas investment, especially in markets in the ASEAN region? After a decade of investing in foreign countries, Viettel has 10 markets with a total population of around 230 million. Viettel has built the biggest telecommunication infrastructure in every country it has entered. The total number of subscribers in the 10 markets is about 36 million. Viettel Global — a subsidiary of Viettel — brings an annual revenue of US$1.4 billion to the group from overseas investment. Viettel has been confident in opening new spaces and markets for the group’s development thanks to its expansion in foreign countries over the last decade. The Vietnamese telecom market has been saturated. If Viettel focused only on the local market, its growth rate would not have been high. When we joined the market in 2004, only 4 per cent of the Vietnamese population had mobile phones. However, we forecasted the saturation of the country’s telecom market after four years of our operation. This urged Viettel to find new roads…... [read more]

Taxman says will remove barriers for enterprisesMinh Tam HCMC Chairman Nguyen Thanh Phong presents certificates of merit to outstanding corporate taxpayers - PHOTO: MINH TAM HCMC – The tax sector will this year propose the Ministry of Finance to revise policies to remove barriers and difficulties to facilitate enterprises’ development, Bui Van Nam, general director of the General Department of Taxation, said on August 3. The laws to be proposed for revision by the sector include the VAT Law, Corporate Income Tax Law, Personal Income Tax Law and Natural Resource Tax Law, Nam said at a ceremony held in HCMC on August 3 to honor outstanding taxpayers. The aim is to remove hindrances to business development. The General Department of Taxation will manage to finish the issuance of a new decree on invoice by the year-end, replacing Decree 51/2010/ND-CP with an important revision on e-invoices. The new decree will make changes in managing invoices locally, thereby building up the national database. The HCMC Tax Department has trialed e-invoices authenticated by tax authorities on 200 enterprises and has got positive feedback. In addition to the revision on management policies, the general director said the tax sector will reform its procedures for electronic tax payment in accordance with the development of e-government. Electronic tax refunds will also be applied nationwide in the time to come. Besides, the sector will apply high tech methods to lower operating cost, modernize management and adapt to the fourth industrial revolution. Meanwhile, the tax authority will closely…... [read more]

Cognex Corporation, the world's leading supplier of industrial barcode readers and machine vision, has announced the opening of its first office in Vietnam - a testament of its commitment to expanding the business in Asia. Situated in Hanoi, the office will provide a local base for Cognex to consolidate and coordinate the company’s efforts as it looks to tap into the huge manufacturing industry in Vietnam. “Given Vietnam accounts for 40% of our regional sales in ASEAN, the new Cognex office will give us a stronger foothold in Vietnam where there is a heavy focus on manufacturing,” said Wayne Goh, Head of ASEAN, Australia and New Zealand at Cognex. “We believe our presence will not just support the growth of the manufacturing sector, but also play an integral part in helping Vietnam take the next step towards the Fourth Industrial Revolution (or Industry 4.0) through the provision of machine vision technologies.” Cognex’s machine vision technologies help increase the quality and lower the cost of manufacturing across all industries through error proofing product assembly lines, detecting defects, identifying and tracking items for manufacturing and logistics, and providing robot guidance. Given the huge amount of data and information machine vision systems capture, there is potential for Cognex’s products to lead the push for Industry 4.0 in Vietnam through the provision of data from which intelligent and actionable insights can be gleaned. The key manufacturing industries Cognex is targeting in Vietnam are the electronics, automobile and motorbike sectors, with renowned…... [read more]

The Fourth Industrial Revolution will create great challenges but also opportunities for Viet Nam to take off, a seminar heard in HCM City on Sunday. A worker checking electrolyte parameters at a plant of Viet Tri Chemical Joint Stock Company in the northern province of Phu Tho.  Speaking at the seminar titled “Effects of the Fourth Industrial Revolution on Socio-Economic Development,” Tong Viet Trung, deputy general director of Viettel Group, said: “[It] will usher in smart production where there will be no need for workers to control machines. There will be very high technology integration and value chains with very high connectivity and great flexibility to cope with rapid changes in demand.” "At the core of the Fourth Industrial Revolution is integration of new technologies based on the internet, all environment-friendly, energy-saving, and less or not polluting," he said. "The revolution is just beginning and it will have some initial effects," he said. Emerging economies would renovate extensively and encourage renovation and creativity to catch up with developed nations, he explained. “The development model based on natural resources and low-cost workers will change to one based on technology renovation and creativity.” For instance, the cost of a robot had halved since 1999, he said. A US$20,000 robot could assemble 30,000 Iphones a year, meaning assembling a phone would only cost 66 cents, a very low cost that no worker could match, he said. Traditionally, production lines were located in China and other developing countries with low-cost labour, but now, with…... [read more]

Speaking at the seminar titled “Effects of the Fourth Industrial Revolution on Socio-Economic Development,” Tong Viet Trung, deputy general director of Viettel Group, said: “[It] will usher in smart production where there will be no need for workers to control machines. There will be very high technology integration and value chains with very high connectivity and great flexibility to cope with rapid changes in demand.” "At the core of the Fourth Industrial Revolution is integration of new technologies based on the internet, all environment-friendly, energy-saving, and less or not polluting," he said. "The revolution is just beginning and it will have some initial effects," he said. Emerging economies would renovate extensively and encourage renovation and creativity to catch up with developed nations, he explained. “The development model based on natural resources and low-cost workers will change to one based on technology renovation and creativity.” For instance, the cost of a robot had halved since 1999, he said. A US$20,000 robot could assemble 30,000 Iphones a year, meaning assembling a phone would only cost 66 cents, a very low cost that no worker could match, he said. Traditionally, production lines were located in China and other developing countries with low-cost labour, but now, with smart robot and 3D printing, they would move back to developed nations to be close to customers and quickly meet changing demands, he said. “It means the Revolution might change the mindset of investment and production…... [read more]




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