4.0 industry revolution

Update news 4.0 industry revolution

Businesses still not part of the 4th industrial revolution

Most Vietnam’s businesses are still “outside” the fourth industrial revolution. Industrial businesses have a low-level access to smart production.

Transaction value in local science-technology market up 22 pct. annually over last decade

The transaction value in Vietnam’s science-technology market posted average annual growth of 22 percent during the 2011-2020 period, a recent conference reviewing the 10-year development of the market heard.


VN billionaires make money by recovering heat, collecting emissions from production plants

There are many ways to make money in the 4.0 industrial era with the support of high technologies.

Future growth, prosperity should be based on science and technology application: experts

The goal of becoming a high-income country by 2045 can be attained only by investing heavily in science and technology, and innovation, experts say.

77 percent of Vietnamese workers still don’t have officially recognized qualifications

Vietnam’s labor productivity has been been surpassed by Laos and Cambodia is not far behind. Labor standardization and vocational skill development are facing ‘unprecedented’ challenges.

Vietnam develops digital government on open technology

Noting that Vietnam will build a digital government based on open technology by developing platforms, Deputy Minister of Information and Communications Nguyen Huy Dung says that Flex Digital has features that fit the orientation.

Minister: income of many households to double or triple thanks to digital transformation

Members of a cooperative in a commune in Bac Kan, after using digital technology to advertise products, have seen incomes increase from VND1-1.5 million to VND3.5 million a month.

Harvard professor suggests digital transformation solutions for education in Vietnam

Vietnam’s recent efforts to cope with the Covid-19 pandemic and the determination to pioneer the digital transformation in the educational sector have been praised by international organizations and Harvard University professors.

Experts propose higher budget for tertiary education

Vietnam needs to increase expenditures on tertiary education in the context of the 4.0 industry revolution, experts say.

New Thu Duc City to be set up within HCM City as special, livable innovation area

Thu Duc is expected to be the ‘nucleus’ of HCM City’s implementation of a smart, knowledge-based city, according to Director of HCM City Planning and Architecture Department Nguyen Thanh Nha.

Vietnamese startup creates blockchain-based game with highest revenue in world

The Axie Infinity game was made with blockchain technology with a high security level. It generates the highest revenue of any blockchain game in the world.

Startup vows to bring Vietnam’s blockchain to the world

Truong Hong Thi and his co-workers have created Icetea Platform and are building apps with blockchain technology.

US importers reconsider orders of Vietnam’s garments

Instead of getting benefits from the US-China trade war as predicted, Vietnam’s garment companies are meeting difficulties as US importers are reconsidering business with Vietnam’s exporters.

Vietnamese banks apply AI in their products

Deputy CEO of VietinBank Tran Cong Quynh Lan believes that AI is important for banks, but how to apply it remains a difficult question.

Technology is key to labor problems in Vietnam

Vietnam is considered an attractive destination for investors thanks to the cheap labor force. In 2019, the minimum zonal wages of Vietnamese workers ranged between VND2.92 million and 4.18 million.

Will 5 million jobs in Vietnam be lost in the 4.0 industrial revolution?

Tran Anh Tuan, deputy director of the HCMC Center for Human Resources Forecasting and Labor Market Information, said that the risk of losing jobs has increased in the 4.0 industrial revolution era. 

In future, training will be virtual via digitalization and simulation

VietNamNet Bridge - If Vietnam maintains the old training methods, its students will be unable to satisfy the requirements of the 3.0 industry revolution, let alone the 4.0 one.