In his speech, PM Phuc acknowledged the financial sector’s efforts and also pointed out its shortcomings. Fast-changing financial policies, especially tax policies, have affected people and businesses, showing that policy making is yet to keep up with the socio-economic life. Tax and financial policies must keep pace with the country’s rapid changes and stay stable for a long term, about five to ten years, he said, noting that focus is still on raising tax rates in lieu of expanding the tax base to ensure State budget collection.The government leader stressed the necessity of stay updated with the development of Industry 4.0 seen in various economic sectors like e-commerce, online services and online games to expand the tax base. The sector's staff were also asked to raise their sense of responsibility towards the society, people and businesses so as to eradicate lubrication payments in the sector. According to a report released at the event, almost … [Read more...] about Financial sector asked to keep abreast with Industry 4.0
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Industry 4.0 response has to happen in real life
VietNamNet Bridge – Chu Ngoc Anh, Minister of Science and Technology, talks to Viet Nam News Agency about advantages that the fourth industrial revolution presents to the country and steps that need to be taken to tap them. Can you highlight some key points of the Prime Minister’s Instruction on the fourth industrial revolution (Industry 4.0)?We know that Industry 4.0 is based on digitalization and artificial intelligence breakthroughs. We can’t afford to be an outsider in this process. It is indisputable that the revolution will open up many opportunities for us to improve our technology levels and our competitiveness in production and business. Of course, the process will challenge us and could have negative impacts on the country.This is why Prime Minister Nguyen Xuan Phuc issued Instruction No.16/CT-TTg in May 2017 on how to approach Industry 4.0, towards seizing opportunities and minimising negative impacts.Acting as a focal point for implementing the … [Read more...] about Industry 4.0 response has to happen in real life
Viettel seizes opportunities to catch up with Industry 4.0
At the Government’s regular meeting in last March, the Prime Minister and government members listened to four reports on this topic. Among the speakers were leaders of the military-run telecommunications group Viettel and FPT Corporation which have taken urgent steps to seize the opportunity from the revolution.It can be said that many of the individual technologies, such as the Internet of things, artificial intelligence, big data and cloud laid a foundation for Industry 4.0 which is different from other three previous industrial revolutions. While previous revolutions took place in factories and were for major businesses with modern technologies and high quality human forces, Industry 4.0 is the revolution of creativeness which takes advantages of the intelligence of individuals and small- and medium-sized businesses. Photo: qdnd.vn Winners in this revolution will be those who have creative technological ideas and solutions which meet people’s demand. … [Read more...] about Viettel seizes opportunities to catch up with Industry 4.0
Education key for Industry 4.0
VietNamNet Bridge – Professor Nguyen Xuan Thu, former vice chancellor of RMIT University in Melbourne, co-founder of the RMIT International University Viet Nam and the Australia-Viet Nam Education Promotion Association (AVEPA), tells giaoduc.net.vn that traditional universities can collaborate with online teaching establishments to meet the needs of Industry 4.0. What do students need for the fourth industrial revolution era? Although there are various opinions on the reality of the fourth industrial revolution, we have to be aware that with the rapid development of modern technologies and sciences, workers have to prepare themselves by acquiring necessary skills and knowledge.According to statistics by Massive Open Online Courses (MOOCs), in 2011 there were 16 to 18 million people taking part in open online courses.Four years later, the number reached 35 million people who registered for 4,200 online courses provided by 500 training hubs that issue certificates from … [Read more...] about Education key for Industry 4.0
We have to prepare our youth for Industry 4.0
Hoàng Nam Tiến, FPT Software Chairman, tells Trí Thức Trẻ (Young Intellectual) that Vietnamese universities can’t lose time in training students for the fourth industrial revolution (Industry 4.0). The Fourth Industrial Revolution has become a common utterance in Việt Nam. As the President of the country’s biggest software company, what do you think are its implications for the country? FPT was one of the first companies to have nurtured the idea of bringing Industry 4.0 to Việt Nam. I’m very happy that when we talked about it to Party and Government leaders, they all acknowledged that it would present both opportunities and challenges. A short time later, the Central Economic Commission organised a workshop on it, making it a daily topic for Vietnamese enterprises. If we look back at previous industrial revolutions, they had the common objective of improving labour productivity. In other words, new production methods were … [Read more...] about We have to prepare our youth for Industry 4.0