Illustrative image (Source: congnghe.vn) HCM City (VNA)– A conference took place in HCM City on May 10, centering around the fourthindustrial revolution and the application of Internet of Things (IoT) in smartmanufacturing.
The event wasorganised by the Ministry of Science and Technology, National Council forScience and Technology Policy and Advantech Group to provide a general overviewof trends and impacts of the industrial revolution 4.0 on Vietnam’s industrialsector, particularly in smart manufacturing.
Addressing theconference, Deputy Minister of Science and Technology Tran Van Tung said thewave of new technologies is disrupting existing industry structure and theincreased use of automatic technologies allows global manufacturers to relocatefactories to their home countries, taking back jobs from low-cost labour nations.
During the event,experts voiced concerns over the fact that the fourth industrial revolution,with the development of virtual reality, robotics and artificial intelligence,is producing sweeping changes to labour market and the ways products are madeand consumed.
Technologicalinnovation has made negative impacts on countries like Vietnam who will becomeless beneficial from low-cost workers.
The 2016 WorldEconomic Forum forecast that Vietnam will lose about 5 million jobs in 2020 asa consequence of low labour quality, only scoring 3.79 out of 10.
Participants to theconference debated solutions for the country to make use of the wave of newtechnologies in improving local technology and production capacity along with competitiveness.They shared ideas on how to create more opportunities for firms to innovate andinvest in digital technology.
Deputy Minister Tungunderlined the necessity to implement the national science and technology renovationprogramme and other projects on technological innovation and hi-tech andnational product development.- VNA
VNA
