The 4.0 Industrial Revolution is not only taking place worldwide, but typical developed countries such as Germany, Japan, England, the United States… have developed strongly by seizing opportunities to promote intelligent production. through the implementation of industrialization very early. Recognizing the development of the Industrial Revolution 4.0, the Vietnamese mechanical industry recognizes that technological development is an opportunity and a challenge for the Vietnamese mechanical industry to develop sustainably in the context of the Industrial Revolution. Industry 4.0
With the achievements of the Industrial Revolution 4.0, Vietnam’s mechanical engineering industry has created many opportunities and challenges. Those opportunities include:
One is to allow mechanical businesses to access information, access knowledge, access advanced technologies…
Second, a breakthrough in new technology helps sharply reduce the cost of manufacturing and operating robots, sharply reducing the production cost of additive manufacturing technology (3D printing technology), thereby increasing the possibility of Applying robots and additive technology to replace cutting technology in mechanical production for countries with limited economic potential like Vietnam.
Third, the Industrial Revolution 4.0 is an opportunity for Vietnam to “leapfrog”. Our country’s mechanical industry is not yet developed, the scale is still small, so the inertia is small, and risks that occur may not cause too much loss.
Fourth, workers in the Mechanical industry are eager to learn and quick to adapt to new things, so they can easily adapt to new opportunities and technologies coming from the 4.0 Industrial Revolution. ,
The fifth is to improve qualifications, be creative and grasp advanced technology for application, with a quick approach and flexible application of the achievements of the 4.0 Industrial Revolution.,
Sixth, our country’s mechanical industry will have many opportunities to improve technology levels, increase productivity, shorten the time to bring products to market, and produce quality and affordable products. competition… thereby, changing the method of management and administration in mechanical production.
Besides opportunities, Industrial Revolution 4.0 also brings many challenges to Vietnam’s Mechanical Industry, which are:
One is that domestic mechanical enterprises are currently facing many challenges and are less competitive than mechanical enterprises in the region and the world
Second, the challenge for Vietnam’s mechanical enterprises is difficulties in the market, products are not diverse and rich compared to countries such as China, India and other countries. Market expansion is still difficult due to lack of market information.
Third, many businesses are still passive with new development trends, not ready to change their business organization model, in which competitive pressure is increasingly fierce and facing pressure on resources. Invest for transformation, innovation, and breakthrough.
Fourth, in the domestic market, it is difficult for mechanical enterprises to participate in investment projects to install equipment in the steel, chemical, and energy industries, mainly due to the lack of a system. inspect product quality according to international standards.
Fifth, domestic mechanical product businesses have not yet built their brands and are known by many potential customers. Furthermore, free trade commitments also create pressure on domestic businesses when tariff barriers protecting domestic production are removed.
Six are raw materials for the Mechanical industry, mainly iron and steel and non-ferrous alloys. Most of these raw materials cannot be produced domestically so they must be imported.
7 is that the role of the industry association has not been effective, has not attracted the participation of mechanical businesses and has not closely linked member businesses together.
Therefore, the cause of the above challenges is that most domestic mechanical enterprises have small production scale, average technology level, and have not yet confirmed their market capacity. Vietnam’s mechanical industry is mainly reprocessing according to orders from FDI enterprises.
Vietnamese enterprises mainly only assemble for local consumption, the level of linkage and cooperation is still low, not promoting the power of production division and cooperation, fixed capital for domestic production. Mechanical engineering is often large, working capital loan cycle is low, so mechanical enterprises find it difficult to mobilize capital, mechanical projects are therefore less attractive to commercial banks than other projects. belongs to another field.
Therefore, businesses need to be fully aware of the challenges and opportunities that the context of globalization and industrial revolution 4.0 brings. Enterprises need to learn and adopt advanced management processes to reduce production costs, increase output, productivity, and efficiency.
The Mechanical Association is also a bridge between domestic businesses to share the successes of large businesses with small businesses. The Association is also a place to connect domestic enterprises with FDI enterprises.
