The event attracted the attention of more than 100 participants, experts and businesses in manufacturing industry in the North, Vietnam

Analysis of experts, the US-China trade conflict officially began when the US announced tariffs on $ 34 billion of Chinese goods. The taxable items are mechanical machines, electrical and electronic machinery. Large corporations have implicitly started the program of seeking a new market to land and build new factories outside Vietnam. Countries such as India, Thailand, Malaysia and Indonesia are all strong candidates for the role of "new factory" which is about to form. This also raises the question: Where is Vietnam in the comparative balance? And this is an opportunity or challenge in the moment?

Sharing at the workshop, many people said that in the context of rising trade war, Vietnam is expected to become the "new factory" of the world. In particular, the northern provinces of Vietnam with a long history of mechanical development, favorable geographical location to receive the production flow and attract high investment capital - with a high investment capital. most of the country reached 4.87 billion USD in Hanoi city ... are great opportunities for manufacturing enterprises in Vietnam.

According to Dr. Tran Ngoc Minh Tri - Director of Continuous Improvement for Decathlon throughout South Asia: The main opportunity that enterprises have when applying the achievements of the Industrial Revolution 4.0 is to increase the speed multiplier. managing, developing data culture for businesses and reducing costs, shortening intermediate management training time.

Sharing the same opinion with Dr. Tran Ngoc Minh Tri, the speakers further analyzed, the mechanical manufacturing industry in particular and the industry sector in Vietnam in general are making great moves when the industrial revolution. 4.0 is no longer a new thing but gradually becomes an indispensable trend in all fields of production. In an era when the system is no longer dependent on people, machinery and equipment need to be improved to become intelligent and to optimize their performance.

However, along with the opportunities, there will be many challenges. That is, businesses must confront high cost increases, meet the accuracy of the process and discipline, changes in governance structure. The problem is that with a lot of changes and requiring a major reform, businesses need to devise a long-term strategy to maintain a competitive advantage in the global economy of the era “Flat World 4.0. "... The business itself also shares and finds itself still struggling with innovation and finding the right path to catch up with the increasing demands of the world market.

However, sharing at the conference, the speakers still believe that the manufacturing industry in Vietnam and every enterprise in the industry are facing a strategic turning point to be able to develop sustainably in the time. this point.

- According to Ministry of Industry and Trade -