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CMC Group Chairman: Use low-qualified labor, cheap as a competitive tool, Vietnam may be lagging in revolution 4.0

Aug 14, 2017

[CAFEBIZ] Although the economic outlook is likely to be the picture of the future, but too dependent on ‘cheap labor advantage’ can be two-edged knife.

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Today, during the Economic Forum Private First 2-2017, the industrial revolution 4th, with the Olympics ahead awaits Vietnam, has been discussed in the discussion 2nd Forum above.

In this session, Mr. Nguyen Trung Chinh – President and CEO, CMC Group has painted a picture of the world and Vietnam, with an economy of ingrained in the roots, will come only in the future 5 -10 years ago.

“We are living in the 21st century, the era of digital economy. Industrial revolution 4th existed and are affecting all aspects of life “- Mr Main said.

Subsequently, a series of numbers to predict your anonymous General Manager CMC Group launched. Specifically, at this time, right in the ASEAN region, the digital economy was worth $ 150 billion, accounting for 6% of GDP across the region with 8 billion smart devices already connected.

However, with growth of 17% / year, he predicted the 2020, we will be witness to 50 billion intelligent devices are connected, 5 times our population. Many of the capital city of the Southeast Asian countries in the future is predicted will become smart cities.

This is quite probable given that in 2016, the digital economy worldwide was worth $ 3 trillion and accounted for 3.8% of the total proportion of the global economy.

In particular also in Vietnam, technology perspective ‘ingrained’ in life probably will not be far away.

Chinh, 2016, e-commerce has contributed $ 900 million to the GDP of Vietnam. But by 2020, the figure is estimated at $ 5 billion, equivalent to growth ‘holy culm’ 54% annually.

In another aspect, force 60 million smart phone users, and will also increase, is one of the important manifestations of the digital economy.

The question to ask now is that we will be waves washed away 4.0, or will be the reigns on the waves? Here, General Director Nguyen Trung Chinh issued a warning about the scenarios that we will not catch waves and missed opportunities of the industrial revolution 4th.

Chairman CMC Group said: “However, the digital economy creates challenges not small and if countries and businesses do not keep up with change and adapt, then we will be left and can give missed the industrial revolution 4th “.

The reason given was because of his element ‘cheap labor’ that Vietnam is still considered to be advantageous so long. He said:  “The lag may occur especially with the countries currently use low-qualified labor cheap as a competitive tool as Vietnam. For example, sectors such as textiles, leather and footwear will suffer greatly. “

Therefore, if do not want to miss the opportunity, it’s better, now let’s learn how to innovate and the government will act in the cause it supports.

Source:  http://cafebiz.vn/chu-tich-cmc-group-dung-lao-dong-trinh-do-thap-gia-re-lam-cong-cu-canh-tranh-viet-nam-co- tut-the-ball-in-hybrid-cuoc-cach-mang-40-20170731123840944.chn

Translated by Google