Many Vietnamese businesses are positive about Industry 4.0
Many Vietnamese businesses are keen to invest, with our estimates putting Vietnam investment appetite 2-3 times higher than the global median, indicating that the strategic advantages offered by Industry 4.0 are embraced properly.
- Vietnam moves to seize opportunities from Industry 4.0
- Industry 4.0 requires Government to change itself: PM
- Combined efforts needed to enhance access to Industry 4.0
- Be active in responding to and seizing opportunities in Industry 4.0
Overall, respondents to PwC’s survey anticipate that the fast approaching Industry 4.0 will bring significant benefits, such as higher efficiency of operations as well as improved access to customers brought on by digitisation and automation. They are positive about Industry 4.0 despite a lot of uncertainty in terms of the exact impacts.
Despite many challenges, many Vietnamese businesses are keen to invest, with our estimates putting Vietnam investment appetite 2-3 times higher than the global median, indicating that the strategic advantages offered by Industry 4.0 are embraced properly.
Grant Dennis, General Director of PwC Consulting Vietnam said: “To move forward with Industry 4.0, acquiring and rolling out digital capabilities and infrastructure across the nation are all-important. Based on our experience advising leading industrial companies and governments all over South East Asia, we have defined a number of practical recommendations, from building awareness via industry bodies, to incentivising network development and creating innovation hubs.”
Some key findings include:
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