Vietnamese logistics firms are embracing technology to optimise their costs and improve their competitiveness. — VNA/VNS Photo Vietnamese logistics firms are embracing technology to optimise their costs and improve their competitiveness, according to experts. According to the Viet Nam Logistics Business Association (VLA), the fourth industrial revolution and breakthroughs in technology have brought about many changes in the logistics industry. Keeping up with technological trends to keep pace with the global industry is essential. But experts said the number of companies using advanced technologies was modest. They said the industry needed to invest more in technology to improve its service quality. Speaking at a seminar on Smart Logistics held last week on the sidelines of the first Viet Nam International Port, Infrastructure and Logistics Exhibition & Conference in HCM City, Dr Ngo Van Nhon, chairman of the Viet Nam Quality Association of HCM City, said Vietnamese … [Read more...] about Local logistics sector amid the Fourth Industry revolution
Third industrial revolution
WEF ASEAN 2018 – joining hands in building the ASEAN community in the fourth industrial revolution era
The Hanoitimes - On the occasion of the World Economic Forum (WEF) on ASEAN being held in Hanoi on September 11-13, Vietnam`s Prime Minister Nguyen Xuan Phuc has issued an article on the future of the ASEAN. Vietnam's Prime Minister Nguyen Xuan Phuc. Photo: VGP The world is changing rapidly, driven by the shifts in globalization and the tremendous leaps of science, technology and the Fourth Industrial Revolution. Against such backdrops, the ASEAN countries are making every effort to overcome challenges and harness opportunities for development in order to realize the 2025 ASEAN Community Vision, for the establishment of a strong ASEAN Community that shall further uphold its central role in regional mechanisms. As the host country for the 2018 World Economic Forum (WEF) on ASEAN Summit (2018 WEF-ASEAN), it is Vietnam's crucial responsibility to work together with WEF and ASEAN members to discuss issues pertinent to their national development in the midst of the Fourth Industrial … [Read more...] about WEF ASEAN 2018 – joining hands in building the ASEAN community in the fourth industrial revolution era
Joining hands in building the ASEAN Community in the Fourth Industrial Revolution era
World Economic Forum on ASEAN kicks offWater from the air saves drought-plagued regionsHà Nội City makes the case for a smart transformationDeputy PM meets WEF ASEAN 2018 sponsorsPM orders meticulous preparation for WEF ASEAN Việt Nam Prime Minister Nguyễn Xuân Phúc. — VNA/VNS PhotoViet Nam News Politburo member and Prime Minister Nguyễn Xuân Phúc penned an article on the 2018 World Economic Forum (WEF) on ASEAN Summit (2018 WEF-ASEAN) which opened in Hà Nội on September 11. The world is changing rapidly, driven by the shifts in globalisation and the tremendous leaps of science, technology and the Fourth Industrial Revolution. Against such backdrops, the ASEAN countries are making every effort to overcome challenges and harness opportunities for development in order to realise the 2025 ASEAN Community Vision, for the establishment of a strong ASEAN Community that shall further uphold its central role in … [Read more...] about Joining hands in building the ASEAN Community in the Fourth Industrial Revolution era
ABB powers Industry 4.0 ambitions
The so-called Fourth Industrial Revolution includes various themes and opportunities, but there is little clarity as to what it actually entails. What would be your general definition for this revolution? Every industrial revolution has driven new economic possibilities and the Fourth Industrial Revolution, or Industry 4.0, is no different, as it brings profound and positive change. It builds on previous revolutions, which began in the 18th century with the invention of the steam engine. The Second Industrial Revolution used electricity to create mass production, and the Third used electronics and information technology to automate production. The main differences between previous revolutions and the Fourth is the pace of change – breakthroughs are happening at a rate unprecedented in history – and the scale of disruption. Today, every industry is being transformed at an accelerating speed. Being digitally enabled, that is having your machines, robots, and systems feeding … [Read more...] about ABB powers Industry 4.0 ambitions
Footwear industry at technological crossroads
Diep Thanh Kiet, Lefaso’s deputy chairman Viet Nam’s footwear exports have been worth US$9.45 billion in the first half of this year, a year-on-year increase of 8.4 per cent. According to the Viet Nam Leather and Footwear Association (Lefaso), footwear companies have faced challenges due to the US-China trade spat and rapid progress of the fourth industrial revolution. Diep Thanh Kiet, Lefaso’s deputy chairman, talks to Viet Nam News about these issues. What are the advantages and challenges for the footwear industry and what do you think about its export prospects this year? Viet Nam’s leather and footwear export can reach US$19.5 billion or slightly higher depending on the situation. We see many advantages for Viet Nam’s leather and footwear sector. Negotiations for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership have concluded and according to the Vietnamese negotiating team, it is likely that the agreement will come … [Read more...] about Footwear industry at technological crossroads