Vietnam needs to address its human resource issues to fully capitalise on AI A PwC study shows that the application of big data and AI into maintenance operations could increase by 38 per cent in the next five years. This technology allows companies to better understand assembly lines and anticipate maintenance errors. Thus, manufacturing companies are no longer dependent on a fixed maintenance schedule. If it is possible to predict technical errors, factories can avoid production disruptions, improve the life circle of machines and equipment, as well as stabilise production. In particular, intelligent robots with the ability to perform complex operations requiring high precision can soon replace people in dangerous stages, thereby increasing productivity and safety levels in factories. Not only in manufacturing, but many telecom companies have started AI applications in managing mobile phone subscriptions. VNPT has been actively investing in human resources to master many AI … [Read more...] about Will human resources become the weak point of AI?
Enterprise level human resource production and quality systems
FDI in the agricultural sector (encompassing agriculture, forestry, and fisheries), and rural development is an important capital channel, helping the sector to expand its export markets and engage deeper into the global agricultural produce value chain, boosting the productivity, quality, efficiency, and competitiveness of local agricultural producers. Achievements in attracting FDI into the agricultural sector, however, are still limited, failing to fully bring into play the sector’s enormous potential. In the forthcoming time, it is important to consistently implement wide-ranging measures to attract foreign investment, transforming the economic structure of agricultural and rural areas towards modernisation, developing large-scale and concentrated commodity-based agricultural production to meet international integration requirements, particularly regarding the sub-sectors with high comparative advantages. 1. Achievements in attracting FDI in agriculture and rural development … [Read more...] about FDI attraction needs to centre on agriculture and rural restructuring
The Hanoitimes - Competitive advantage based on low labor cost will gradually be diminished in the coming year, stated Dinh Thi Quynh Van, CEO of PwC Vietnam. Vietnamese enterprises have to focus on enhancing capabilities in terms of human resources, technology and corporate governance to move up the global value chain, according to Van as reported by the government portal. Illustrative photo. Higher capabilities for sustainable development Recent studies showed that Vietnam has been maintaining high growth rate compared to the region, for which the country can be considered a rising star of the ASEAN and the global economy, Van said at the Vietnam Business Summit 2018 in Hanoi on September 13. However, Van warned that the competitive advantage of low labor cost will gradually be diminished in the coming year, mainly due to the presence of new technologies and a fast-changing international trading environment. Under the impact of the fourth industrial … [Read more...] about Vietnamese enterprises require higher capabilities to move up global value chain
The context of integration and the trend of the fourth industrial revolution are opening up many opportunities for Vietnamese enterprises, but they can only seize the opportunities if the human resources meet the requirements. Facing the current inadequacies in the quality of human resources, many experts have said that enterprises need to apply technology solutions to training and quickly improve the quality of human resources. The trend of training in enterprises is gradually moving from traditional training to online training by shortening the geographical distance and training times, and saving the cost of organizing classes The 2017 Provincial Competitiveness Index (PCI) report by the Vietnam Chamber of Commerce and Industry (VCCI) shows that 69 percent of FDI enterprises in Vietnam are facing difficulties in recruiting skilled technicians to serve their production and business activities. The report also showed that the quality of human resources in Vietnam has not … [Read more...] about Preparing high quality human resources to meet the 4.0 “playing field”
Ho Chi Minh City currently tops the nation in terms of foreign direct investment (FDI) attraction, with more than 7,490 projects and total capital of US$44.5 billion, accounting for nearly 13.9 percent of the country’s total figure. Jotun Paints Vietnam signs a contract to lease 10 hectares of land in Hiep Phuoc IZ The positive result is attributed to the city’s efforts in improving the investment environment to enhance the quality of FDI inflow, with a focus on attracting hi-tech and environmentally friendly projects. In late April, Jotun Paints Vietnam signed a contract to lease 10 hectares of land in Hiep Phuoc Industrial Zone, Nha Be district, in order to build a factory. This is the second project of Jotun in Vietnam that is using modern technology and is considered a “Green Building” in Hiep Phuoc Industrial Zone, with a capacity of 10 times that of the first factory located in the southern province of Binh Duong. In the first phase, the US$70 … [Read more...] about Raising the quality of FDI inflow