VME17 Boldly Proposed to Start Approach towards Industry 4.0 Reed Tradex Ltd, Co. on March 23 hosted a press conference in Hanoi to unveil its schedule and activities of unique exhibition platform "Vietnam Manufacturing Expo (VME) 2017" exploring the latest innovations, trends, and applications in the rapidly changing manufacturing industry. This year, the organizer has increasingly cooperated with local associations such as Vietnamese Association of Mechanical Industry (VAMI) and Vietnam-German Technology Transfer and Training Center (HwC). All the parties have a common mission to create the first moves for Vietnam industry on the road to "Industry 4.0", and gradually step in to global standard. From 26 – 28 April, 2017, the 'heart' of machinery and technology for manufacturing industry will be demonstrating at Hanoi International Center For Exhibition (I.C.E., Hanoi) through the 9th edition of "Vietnam Manufacturing Expo (VME) 2017". As an extension of the manufacturing … [Read more...] about VME17 Boldly Proposed to Start Approach towards Industry 4.0
Industry 4 0
President spotlights Industry 4.0 at National University–Ho Chi Minh City
The ceremony was also attended by Politburo member and Secretary of the Ho Chi Minh City Party Committee Dinh La Thang. At the event, President Quang emphasised that the fourth industrial revolution (or Industry 4.0) had been set forth at the Hannover Technology Fair in Germany in 2011. In 2012, the term was used to name a programme by the German Government in collaboration with researchers and leading industrial associations in order to improve the management and production process in the manufacturing industry by way of “computerisation.” He said that with the strong development of science and technology, information, the knowledge economy and changes in global value chains, the fourth industrial revolution was creating new opportunities for Vietnam to deeply and effectively integrate into the world economy. The revolution would help the country to grasp new industrial sectors and take advantage of advanced scientific and technological achievements to accelerate the … [Read more...] about President spotlights Industry 4.0 at National University–Ho Chi Minh City
Financial sector told to stay updated with Industry 4.0 to expand tax base
PM Nguyen Xuan Phuc addressing the teleconference He attended the sector’steleconference on January 8 with the 63 provinces and cities. The event aimedto review the sector’s performance in 2017 and set tasks for this year. A report at the event read that bythe end of December 31, 2017, total state budget balancing revenues areestimated at more than 1.283 quadrillion VND (56.3 billion USD), about 71trillion VND (3.1 billion USD) or 5.9 percent higher than the estimates. Nearly 624,000 or 100 percent ofbusinesses had used online tax declaration services while almost 98 percent ofthem had registered e-tax payment by the end of last year. Addressing the meeting, PM Phuc recognizedthe financial sector’s efforts while also pointing out its shortcomings. He said financial policies,especially tax policies, have changed too fast and too much, affecting peopleand businesses. Such vagaries show that the making of policies has yet to keepup with the socio-economic life. … [Read more...] about Financial sector told to stay updated with Industry 4.0 to expand tax base
Financial sector asked to keep abreast with Industry 4.0
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
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