June 23, 2018 21:22

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Businesses urged to embrace the Fourth Industrial Revolution

19:39 | 12/06/2018

The Fourth Industrial Revolution technological foundation presents huge opportunities for businesses to participate in the global supply chain, say economists.

businesses urged to embrace the fourth industrial revolution

Multinational companies have offered opportunities for Vietnamese businesses to become a part of global supply chains through support programs on capacity building and productivity and competitiveness improvement.

Vietnamese businesses can overcome any technological and financial challenges to seek clients and get involved in the global value chain if they take full advantage of these opportunities.

According to Associate Prof. Dr. Nguyen Manh Quan, head of Institute of Business Research and Development, Vietnamese businesses lack much of knowledge and experience in international business in the market economy mechanism. He maintains that the Fourth Industrial Revolution will provide connections to the global networks in which businesses will gain benefit.

Source: VNA