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Vietnam’s manufacturing growth hinges on AI to spur GDP

Tan KW
Publish date: Tue, 27 Aug 2024, 07:47 AM
Tan KW
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HANOI: While digital transformation is a priority for manufacturers, around 30% to 40% of global and Asia-Pacific (Apac) respondents recognise achieving it is fraught with obstacles.

Those barriers include the cost and availability of labour, scaling technology solutions and the convergence of information technology and operational technology.

The information was released at the findings of 2024 Manufacturing Vision Study from Zebra Technologies Corp, a leading digital solution provider enabling businesses to intelligently connect data, assets and people.

The study showed that globally, 61% of manufacturers expect artificial intelligence (AI) to drive growth by 2029, up from 41% in 2024.

In Apac, 68% of manufacturers expect AI to drive growth by 2029, increasing from 46% in 2024.

This surge in AI adoption, combined with 92% global and 87% of Apac survey respondents prioritising digital transformation, underscores manufacturers’ intent to improve data management and leverage new technologies that enhance visibility and quality throughout the manufacturing process.

In Vietnam, the government has consistently set ambitious targets for the manufacturing sector, with it expected to contribute 30% to the overall gross domestic product (GDP).

The sector’s contribution to GDP is expected to grow by more than 8.5% per annum, while labour productivity is forecast to grow 7.5% per annum.

To achieve these goals, Vietnamese businesses must embrace the need for reskilling and retraining their workforce to stay competitive. Adopting AI and other advanced technologies is crucial for enhancing productivity, improving quality and streamlining operations.

Christanto Suryadarma, sales vice-president for South-East Asia, South Korea and Channel APJeC, Zebra Technologies said foreign investors had increasingly been investing in Vietnam.

 - ANN

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