VietNamNet Bridge - Vietnam, with a high-quality labor force which can satisfy requirements of the digital revolution, deserves to be a partner for foreign companies to team up to develop smart factories.

FPT's chair Truong Gia Binh (right) and Siemens' chair Joe Kaeser

At a breakfast and working session on January 25, 2018 organized on the sidelines of the 2018 World Economic Forum (WEF) with Vietnamese Deputy Prime Minister Vuong Dinh Hue, Joe Kaeser, chair of Siemens, said Siemens is cooperating with FPT, the largest Vietnamese IT corporation, to deploy smart factories, not only in Vietnam but also other markets, including Japan and Europe.

With MindSphere, the IoT (Internet of Things) technology platform for industrial sectors, Siemens has been pioneering smart factories all over the globe, helping connect machines in factories and improve production efficiency. 

In Amberd City, Siemens runs a smart factory. In 1990, only 25 percent of the production line of the factory was automated, while the proportion is now 75 percent. The proportion of error products is always low – 11.5 for 1 million products.

CEOs of many enterprises talked about smart factories at meetings with the Vietnamese FPT Group on the sidelines of the 2018 WEF in Davos.

Chairs Joe Kaeser of Siemens and Truong Gia Binh of FPT attended the breakfast and working session with Deputy Prime Minister Vuong Dinh Hue. 

Kaeser praised FPT’s capabilities in cooperation with Siemens on training the labor force for the 4.0 revolution.

Binh said in Davos FPT met with over 20 high-ranking leaders of large corporations such as HP, Siemens, Qualcomm and SK Holdings.

Besides the discussion about digital transformation, they also showed willingness to seek opportunities to cooperate with Vietnamese firms like FPT to develop smart factories in Vietnam.

SK Holdings and FPT discussed opportunities to cooperate in smart factory production on the basis of IoT technology, such as Siemen’s MindSphere.

Analysts predicted that smart factories would make up 5 percent of total output in the globe by 2025 and bring profit of $70 billion. 

Smart factories help enterprises save costs on energy and maintenance and increase new earnings by providing personalized products and services to customers.

Smart factories represent a tremendous evolution from a traditional automated production system into a system which can continuously connect and process data.

Their most important characteristic is ‘connection’. All machines and assets are attached with smart sensors to help the system continuously retrieve data in real time.

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