Industry 4.0 innovation poses challenges to Vietnam

On the journey toward the industry 4.0 innovation, Vietnam has met plenty of road blocks and difficulties. However the lack of high quality workforce has kept Vietnam from realizing its potentials.

On the journey toward the industry 4.0 innovation, Vietnam has met plenty of roadblocks and difficulties. However, one problem seems to be extremely challenging is the lack of high quality workforce. This problem has kept Vietnam from realizing its potentials in the 4.0 era.

In recent years, a huge number of under-graduated students across Vietnam have engaged in part-time jobs which require sufficient technology knowledge. This has allowed them to acquire valuable experiences to compete in the ever-changing world of technology. Vu Dinh Phuong, student of Hanoi University of Science and Technology, has been exposing herself to the world of information technology by working part-time for a company which uses A.I (Artificial Intelligence) products.

 “It is more efficient to study and work part-time at the same time. I think it is crucial that students nowadays equip themselves with knowledge to meet the demand of the 4.0 Industry,” said Phuong, an undergraduate from Hanoi University of Science and Technology

However, not many companies have focused their resources on building and training high quality workforce, nor do they have a proper strategy to nurture young talents and create favorable conditions for undergraduate to balance between school and work.

Vu Thanh Thang, director of BKAV Corporation Research Center told that undergraduate did not have the chance to work in an environment that equips them with real world requirements. He also added this might be due to the fact that companies and universities did not have the strongest cooperation to train the capable workforce.

According to a World Economic Forum report, Vietnam still has room for technology development. Vietnam ranks 86th out of 100 in terms of human resources; however, it ranks 31th and 50th out of 100 in terms of government and companies’ investment in new technology. This indicates that Vietnam still has untapped potential and favorable conditions to enter the 4.0 era.

Experts say an appropriate education model such as STEM is expected to help improve Vietnam’s human resources.

Nguyen The Trung, the General Director of DTT Tech JSC suggested that STEM education model is becoming a new trend. As this education model enable labourers to acquire more knowledge and be able to solve multiple complex tasks.

STEM stands for Science, Technology, Engineering and Mathematics and it is emerging as a leading education model for 21st century problem solvers. Many countries are now emphasizing on training and creating a capable workforce to handle complex tasks in the future.-VNA