Reaping the Benefits of Industry 4.0 Through Skills Development in Viet Nam

By Asian Development Bank

This report explores the implications of the Fourth Industrial Revolution (4IR) on the future of the job market in Viet Nam. It assesses how jobs, tasks, and skills are being transformed, particularly in logistics and agro-processing. These two industries are important for the country’s employment, economic growth, and international competitiveness and are also highly relevant for 4IR technologies. The report is part of series developed from an Asian Development Bank study on trends in skills demand in Cambodia, Indonesia, the Philippines, and Viet Nam.

• Language: English
• Publisher: Asian Development Bank
• Release date: Jan 1, 2021
• ISBN: 9789292624446

Book preview

REAPING THE BENEFITS OF INDUSTRY 4.0 THROUGH SKILLS DEVELOPMENT IN VIET NAM

JANUARY 2021

Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)

© 2021 Asian Development Bank

6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines

Tel [phone]; Fax [phone]

www.adb.org

Some rights reserved. Published in 2021.

ISBN: 978-92-9262-443-9 (print); 978-92-9262-444-6 (electronic); 978-92-9262-445-3 (ebook)

Publication Stock No. SPR200308

DOI: http://dx.doi.org/10.22617/SPR200308

The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent.

ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. The mention of specific companies or products of manufacturers does not imply that they are endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned.

By making any designation of or reference to a particular territory or geographic area, or by using the term country in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.

This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) https://creativecommons.org/licenses/by/3.0/igo/. By using the content of this publication, you agree to be bound by the terms of this license. For attribution, translations, adaptations, and permissions, please read the provisions and terms of use at https://www.adb.org/terms-use#openaccess.

This CC license does not apply to non-ADB copyright materials in this publication. If the material is attributed to another source, please contact the copyright owner or publisher of that source for permission to reproduce it. ADB cannot be held liable for any claims that arise as a result of your use of the material.

Please contact [e-mail] if you have questions or comments with respect to content, or if you wish to obtain copyright permission for your intended use that does not fall within these terms, or for permission to use the ADB logo.

Corrigenda to ADB publications may be found at http://www.adb.org/publications/corrigenda.

Notes:

In this publication, $ refers to United States dollars.

ADB recognizes 'Vietnam' as Viet Nam.

Cover design by Mike Cortes.

Contents

Tables, Figures, and Boxes

Foreword

Talent and skills are valuable in powering knowledge-based economies. The Fourth Industrial Revolution (4IR) has ushered in extraordinary technological advances, fusing boundaries of physical, digital, and biological worlds to create new paradigms in the way we live, work, and interact. These trends have heralded excitement and fear—excitement in advancing frontiers of human endeavor and fear of negative repercussions on jobs and rising inequalities.

To respond to questions and concerns in developing member countries of the Asian Development Bank (ADB) on how their economies can transition effectively to 4IR, the study "Reaping the Benefits of Industry 4.0 Through Skills Development in High-Growth Industries in Southeast Asia" builds an evidence based on opportunities, challenges, and promising approaches in 4IR. It covers Cambodia, Indonesia, the Philippines, and Viet Nam with specific focus on two industries in each country deemed important for growth, employment, and 4IR: tourism and garments in Cambodia, food and beverage manufacturing and automotive manufacturing in Indonesia, information technology and business process outsourcing and