VITAS President Vu Duc Giang speaking at the exhibition opening - Photo: NDO The event, which is hosted by the Vietnam National Textile & Garment Group in collaboration with Vietnam National Trade Fair & Advertising JSC and China’s CP Exhibition Hong Kong, attracts more than 118 enterprises from 12 countries and territories to display their products in an area of 4,600 m2. The exhibition introduces textile products, such as micro-fiber fabrics, yarn, silk and materials using bamboo fiber, non-woven fabrics and cotton, as well as featuring modern equipment, machinery, automatic technologies and other auxiliary materials. Deputy Minister of Industry and Trade Cao Quoc Hung and VITAS President Vu Duc Giang visit booths at the expo - Photo: congthuong Speaking at the opening ceremony, Deputy Minister of Industry and Trade Cao Quoc Hung emphasised that 2018 will continue to be a challenging year for the domestic textile and garment industry as the sector … [Read more...] about Hanoi hosts international textile industry exhibition
Textiles industrial revolution
The Hanoitimes - The Fourth Industrial Revolution poses both challenges and chances for Vietnam, said ambassadors, along side the the World Economic Forum on ASEAN (WEF ASEAN) 2018. Illustrative photo Malaysia’s experiences Basing on Malaysia’s experiences as the host for the WEF ASEAN 2016, Malaysian Ambassador to Vietnam Zamruni Khalid believes in the success of WEF ASEAN 2018 hosted by Vietnam. “For me, Vietnam is in a good spot to organize this event. Vietnam’s experiences have been proven and shown through its being successful host of the APEC 2017, leaving many good impressions”, the ambassador said. Regarding the opportunities and challenges of ASEAN amid the Fourth Industrial Revolution, the ambassador commended the biggest challenge that ASEAN has to face is the difference between growth rates. Overall, ASEAN countries remain less developed than a lot of countries on the world, in spite of some regional states picking up the pace with the … [Read more...] about ASEAN catching up with the 4th Industrial Revolution: View from the insiders
VietNamNet Bridge - Tran Anh Tuan, deputy director of the HCMC Center for Human Resources Forecasting and Labor Market Information, cited an ILO report as saying that the risk of losing jobs has increased in the 4.0 industrial revolution era. The risk of losing jobs has increased in the 4.0 industry revolution era Vietnam has been warned that 5 million jobs may be lost by 2020 as it has a 3.79/10 score for the quality of the labor force, ranked 11th out of 12 countries in Asia, and a 4.3/10 score in human resources competitiveness index. Other indicators for Vietnamese workers are also low. Only 20.3 percent of Vietnamese workers had training or degrees/certificates in 2015. Vietnamese are weak at soft skills, such as foreign language, IT, teamwork, communication, and professional ethics. The ILO report also pointed out that 86 percent of workers in the textile & garment industry in Vietnam, 64 percent in Indonesia and 88 percent in Cambodia will face the risk of … [Read more...] about Will 5 million jobs in Vietnam be lost in the 4.0 industrial revolution?
The textile and apparel industry was defined as a field with one of the highest growth rates potentials over the next 12 years. However, companies in the sector face challenges due to global trade policy changes and the boom of the Fourth Industrial Revolution. Viet Nam News reporter speaks to Tran Thanh Hai, deputy director of the Import-Export Department under the Ministry of Industry and Trade and Than Duc Viet, deputy general director of Garment 10 Corporation Joint Stock Company (Garco 10) about the issues. Tran Thanh Hai What are the opportunities and challenges for the country’s garment and textile industry in 2018? Tran Thanh Hai Garment and textile has always been a sector with a great contribution to the economy in general and export activities in particular, although the global economy has seen many potentially uncertain factors. The sector still has good growth with increasing orders and large exports, a good trend for the textile and garment industry. … [Read more...] about The next generation for the textile industry
The fourth industrial revolution has been commonly heard recently. What are the impacts of the revolution on labourers and what should firms do to mitigate the adverse impacts and claim benefits brought by the revolution? The price for high-precision mechanical parts ranges from 265 to 1300 USD while its material cost is only some 5 USD. However, there are only few factories capable of providing such details to big brothers in the electronics sector. “In order to produce these precision parts, technology is required. We need to know what clients want and acquire machineries and latent technology to provide exactly what they ask for,” said Ha Ngoc Minh, General Director of TMT Vietnam Materials Industrial Engineering JSC “Technology in many Vietnamese firms is outdated so labourers have no chances to learn using high-tech machineries,” he noted. The most frustrating challenge facing enterprises’ owners in fine mechanics sector is labourers’ … [Read more...] about Vietnamese labourers struggle amid Industrial Revolution 4.0