ADB’s study “Reaping the Benefits of Industry 4.0 Through Skills Development in Vietnam” examined the logistics and agro-processing industries in the country, which are both important for growth, employment, international competitiveness and 4IR.
It has found that 4IR technologies may eliminate between a quarter and a third of jobs in these industries, but these would be more than offset by new labour demand, which could lead to positive job gains in both sectors.
According to the report, as the impact of COVID-19 on supply and value chains, Vietnam’s agro-processing industry would need to adjust to shifting consumer behaviour. While logistics should see a post-pandemic upswing due to the growth of e-commerce and the changing nature of retail, both industries would have to embrace digital supply chains and launch digital initiatives – rendering the need to upskill and reskill even more urgent.
ADB Principal Education Specialist Shanti Jagannathan said that as 4IR technologies spread rapidly, extensive investments in digital skills would help the young and old improve their chances to access higher quality jobs and lower the risk of job losses.
ADB Country Director for Vietnam Andrew Jeffries affirmed that adequate and timely investments in skills development could help the country not only to harness the potential of 4IR to increase productivity but also to ensure the 4IR will benefit workers at large.
Source: nhandan.com.vn