Minister of Industry and Trade Tran Tuan Anh said automation and AI were going to replace workers at factories in the coming ‘fourth’ industrial revolution. Minister of Industry and Trade Tran Tuan Anh During the conference about training highly-skilled workforce, Anh said that they must boost investment, exploit all resources effectively and gradually move from cheap labour into a more skilled force. The Ministry of Industry and Trade manages major industrial and economic zones, contributing to 70% of the country’s GDP. The economic sector is forecast to be greatly affected by the new industrial revolution. “In the coming industrial revolution, workers with simple jobs at the factories will be replaced by robots with high artificial intelligence. Humans will only monitor and operate the systems and that needs skills and knowledge that can’t be replaced by robots,” he said. According to Anh, the government must consider the impacts from various free trade agreements if Vietnam aims to be a global supplier of a skilled workforce. It should also use more technology in regular works. Anh said, “The government has directed agencies to carry out research about the impacts and potential of the revolution.” In May 2017, the prime minister issued Directive 16 about improving the country’s ability, setting up short and long-term goals and tasks for each department. State agencies must also be more proactive.
Vietnam has been named the sixth most attractive outsourcing haven in the world by the latest Global Service Location Index, but the future of its low-skilled labor force remains in doubt in the face of automation. The index, compiled by consulting firm A.T. Kearney, ranked 55 economies for outsourcing based on metrics in three categories: financial attractiveness, people skills and availability, and business environment. Vietnam has jumped five spots from the previous year and is back in the top 10 for the first time since 2013, marking the best result the country has ever achieved. India, China and Malaysia were the top-ranked offshoring…... [read more]
Economic development is not a linear formula for each and every country to blindly follow, and one of the most important stepping stones, the industrial revolution, seems to be coming loose as technology and automation are reshaping production and trade.
70 per cent of Vietnamese jobs are at risk of automation (Source: Huffingtonpost)
The developed world has made leaps and bounds by industrialisation and building out low-skill, labour-intensive manufacturing lines to stand where they are now.
Many lower-income countries jumping on the bandwagon later on have…... [read more]
Related News Millions of South East Asian jobs may be lost to automation in next two decades By Reuters/Aradhana Aravindan  July 7, 2016 | 02:47 pm GMT+7 Labourers work at a factory of Viet Huy garment company in Thuong Tin district, south of Hanoi in this January 4, 2012 file photo. Photo by Reuters/Kham/Files 56 percent of the salaried workforce in SEA, including Vietnam, fall under the high-risk category. More than half of workers in five Southeast Asian countries are at high risk of losing their jobs to automation in the next two decades, an International Labour Organization study found,…... [read more]
More than half of workers in five Southeast Asian countries are at high risk of losing their jobs to automation in the next two decades, an International Labour Organization study found, with those in the garments industry particularly vulnerable. About 137 million workers or 56 percent of the salaried workforce from Cambodia, Indonesia, the Philippines, Thailand and Vietnam, fall under the high-risk category, the study showed. "Countries that compete on low-wage labor need to reposition themselves. Price advantage is no longer enough," said Deborah France-Massin, director for the ILO's bureau for employers' activities. The report said workers have to be…... [read more]
HÀ NỘI - Improving workforce skills has become a top priority as Việt Nam deals with the changing nature of work in the era of technology when many low-skilled workers will be at risk of losing jobs to automation. This is part of the answer to the question of "how Việt Nam will address changing technologies and skills needs in the labour market" - the theme of first National Policy Dialogue on Future of Work which was organised in Hà Nội by the Ministry of Labour, Invalids and Social Affairs (MoLISA) and the International Labour Organisation (ILO) on Tuesday. "Globalisation…... [read more]
