VietNamNet Bridge - A number of large corporations have adapted well to the 4.0 era, but the majority of small businesses are lagging behind.

Vietnamese manufacturers have been preparing for the 4.0 industry revolution

The 4.0 revolution with application of IoT (Internet of Things), big data, data analysis and virtual reality technology is used in the beverage manufacturing industry.

Nguyen Van Phi Van from Tetra Pak Vietnam said that high tech is used to control every details of production line, the entire production line, and the whole factory, and to connect all factories of the same system at the highest level.

The company where Van works supplies cans, cartons and machines to most beverage companies in Vietnam.

Jeffrey Fielkow, CEO of Tetra Pak Vietnam, said some of his clients have made heavy investments in technology solutions.

One company plans to launch a new kind of package in 18-24 months. The special feature of the package is that it has QR Code which allows users to learn information about products they drink, from materials, production process, packaging and distribution channels.

“The solution requires huge financial investments, especially in technology and machines,” he said.

Another beverage manufacturer has a factory with all devices connected, while several companies are using virtual reality technology in maintenance and problem fixing.

“When a leader wears virtual reality glasses, he can connect with specialists far away. All the things happening at the factory in Vietnam can be seen in real time,” he explained.

Vietnamese manufacturers have been preparing their companies to adapt to the 4.0 industrial revolution.

However, analysts point out that technological solutions are being used mostly at large enterprises, while small enterprises remain indifferent or incapable of accessing the solutions.

“Many small businesses cannot grow because of unreasonable investments. Others have been developing rapidly thanks to big investments from the state,” said Phan Xuan Trung, a representative of a company that makes software to manage hospitals.

A report showed that small and medium enterprises make up 40 percent of GDP and use 51 percent of workers in Vietnam. 

According to Russell Reynolds Associates, five business fields will bear the biggest impact from the digital transformation: media, telecommunications, finance, retail and technology.

Dao Trung Thanh from the Media Venture Vietnam Group said he thinks that the telecommunication sector is most active in adapting to digital transformation, followed by the finance sector. Commercial banks have core banking. They also have joined forces with fintechs and are considering blockchain.

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