Positioning the State-owned enterprises in the industry 4.0

Positioning the State-owned enterprises in the industry 4.0

Positioning the State-owned enterprises in the industry 4.0

The fourth industrial revolution (IR 4.0) has been increasingly affected all areas of Vietnam's economic and social life. According to a study of Ministry of Planning and Investment, an active participation in IR4.0 would help Vietnam to increase its GDP about USD 28.5 to 63 billion, accounting for a 7-16%
increase of GDP in 2030. IR4.0 could make significant changes on the labor structure of the economy but in general, it would increase about 2.7-2.9 million jobs. Labor productivity measured by GDP/labor would increase about 315-640 USD/employee.
However, Industry 4.0 also poses challenges to Vietnam. The Resolution 52/NQ-TW dated in 27th September, 2019 shows that the level of active participation in IR4.0 is low. Institutions and policies have many limitations and drawbacks. The structure and quality of human resources do not met
requirements. Science technology and innovation do not play as a driving force for socio-economic development. Besides, national innovation system has not been well established, lack of consistency and effectiveness.
In order to take advantage of opportunities and overcome challenges of IR 4.0, it requires stakeholders of the economy, in which enterprise should be the first one to carry out research, technology transfer and widely apply achievements of IR 4.0 for all fields of socio-economic life, especially for some key industries and sectors with potentials and advantages to boost up growth. That should be done in the spirit of catching-up, co-developing and even moving forward in some areas with comparison to the regional and the global level.

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