Smart manufacturing penetrates Vietnamese production

13:00 | 28/09/2020 Science - Technology Follow Ven.vn on

(VEN) - Smart manufacturing saves production and logistics costs and shortens the capital recovery time. Vietnamese businesses must adopt the relevant technology in order to survive.

smart manufacturing penetrates vietnamese production

Enterprises can’t stand outside the smart manufacturing trend

Flexible production

At a recent online seminar themed “Smart manufacturing - promoting the development of Vietnamese enterprises”, Dr. Ha Minh Hiep, Deputy Director General of the Directorate for Standards, Metrology and Quality under the Ministry of Science and Technology, said smart manufacturing has three main characteristics. These are the integration of the virtual and actual production processes (based on information technology platforms) in order to optimize production; the integration of the production and business processes to shorten them and create profits; and solutions for meeting customer needs in real time, shortening the capital recovery time, and creating flexibility during production process. “The application of smart manufacturing helps businesses save from 10-20 percent of production and logistics costs. Inventory costs will also decrease by 30-40 percent,” said Hiep.

Smart manufacturing, a relatively new concept in Vietnam, is the connection between information technology (IT) and production technology to optimize management and operations.

Deputy General Director of the Son Ha Group Hoang Manh Tan recounted that in the past, the group’s production followed monthly plans or agents’ orders. Now it applies ERP (Enterprise Resource Planning), which means that when an order comes in from an agent or branch, information is provided immediately to corresponding production, materials, or financial units.

“As a result, we can minimize logistics, delivery and inventory time, responding to customer’s needs quickly and accurately,” he said.

Businesses need to be active

Tan said Vietnamese manufacturers no longer compete in a small domestic playground, and must adapt to the global playing field, particularly the terms of partners to free trade agreements.

“Smart manufacturing can quickly respond to product quality management, and handle faults on the spot. We cannot control production with humans, with the naked eye in every step and every place but we can do it on an intelligent platform,” Tan explained.

Dr. Ha Minh Hiep added that smart manufacturing firstly requires vision, knowledge, awareness, and leadership ability. The second factor is the management system and for Vietnamese enterprises, an urgent issue is to determine their production levels as well as their development orientations.

Unless businesses determine a smart investment direction, they will face difficulties in global competition. Therefore, they need to plan a roadmap to promote smart manufacturing.

Quynh Nga

See more news

State, Party award scientific, cultural excellence

06:00 | 22/12/2022 Science - Technology

(VEN) - Vietnam has awarded 12 projects with the Ho Chi Minh Prize in recognition of their cultural and scientific achievements, and 17 projects with the 6th State Prize in Science and Technology. The ceremony was held on November 23 in Hanoi in the presence of the state’s top leadership.

Protecting intellectual property

06:00 | 09/12/2022 Science - Technology

(VEN) - Hung Yen Province’s Department of Science and Technology is a specialized agency which assists the provincial People’s Committee in state management of science and technology.

Vietnam, a high potential blockchain market

06:00 | 07/12/2022 Digitalization

(VEN) - Blockchain projects developed in Vietnam have made a significant splash in world markets, making Vietnam one of the highest potential blockchain markets. Among the top 200 companies operating with blockchain technology in the world, 10 were founded by Vietnamese.

FortiGuard Labs predicts the convergence of advanced persistent threat methods with cybercrime

10:20 | 25/11/2022 Information technology

(VEN) - “As cybercrime converges with advanced persistent threat methods, cybercriminals are finding ways to weaponize new technologies at scale to enable more disruption and destruction. They are not just targeting the traditional attack surface but also beneath it, meaning both outside and inside traditional network environments. At the same time, they are spending more time on reconnaissance to attempt to evade detection, intelligence, and controls," said Derek Manky, Chief Security Strategist & VP Global Threat Intelligence, FortiGuard Labs.

Boosting grid stability through LM2500XPRESS gas turbine technology

16:49 | 22/11/2022 Science - Technology

While a full turn to renewables is not yet on the cards, a combination with natural gas and hydrogen could be a green and cost-efficient step in the right direction.

New sci-tech goals of industry and trade sector

06:00 | 19/11/2022 Science - Technology

(VEN) - In the context of emerging new requirements, scientific and technological research activities in the industry and trade sector will focus on five major issues.

ETH Vietnam: The first hub for blockchain community to build and learn together

16:23 | 17/11/2022 Information technology

The first and biggest blockchain event series ETH Vietnam will begin on November 25, 2022 in Ho Chi Minh City.

Kaspersky reports rapid growth in malicious mining programs

08:51 | 17/11/2022 Science - Technology

In the third quarter of 2022, Kaspersky researchers saw a sharp increase in crypto miner variants – an overall growth of over 230 percent compared to the same period last year. The number is three times more than in the third quarter of 2021 and now exceeds 150,000.

Sconnect Media to protect rights of “Wolfoo” in the US

15:10 | 10/11/2022 Information technology

Recently, many leading British and American newspapers have simultaneously reported on new developments of the copyright war between two sets of cartoon characters Wolfoo and Peppa Pig. Accordingly, the "father" of Wolfoo has taken drastic actions to protect Wolfoo's interests, and does not rule out that he will sue the British company in the US Court.

Universal Robots showcases collaborative robots for innovative automation

11:07 | 10/11/2022 Science - Technology

Universal Robots (UR), the global leader in the rapidly growing market of collaborative robots (cobots), is showcasing innovative automation solutions at an affordable cost for palletizing, packaging, picking, and placing at the 15th edition of Propak Vietnam 2022 which is underway at the Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City, from November 9-11.

Latest Most Read

Lao mission in Geneva joins Vietnamese counterparts on Lunar New Year festival

07:04 | 30/01/2023 Vietnam and ASEAN

Ambassador Latsamy Keomany, Head of the Lao Permanent Mission to the UN, WTO and other international organisations in Geneva, has extended best wishes to Vietnamese Ambassador Le Thi Tuyet Mai and staff on the occasion of Tet (Lunar New Year) festival.

Intertwined opportunities, challenges for Vietnam’s economy in 2023

07:00 | 30/01/2023 Economy

With certain headwinds predicted for the global economy in 2023, Vietnam too, faces considerable challenges. But opportunities are also significant if concerted and appropriate solutions are taken, an expert has said.

Tourism is back, big time

06:00 | 30/01/2023 Tourism

(VEN) - Although it failed to achieve the goal of welcoming five million foreign tourists in 2022, major tourism sector efforts have resulted in its strong recovery during the final months of the year, promising even more positive changes in 2023.

Việt Nam supports expansion of UN Security Council

06:00 | 30/01/2023 Policy

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.

Trang A Chu’s unique homestay

06:00 | 29/01/2023 Entertainment

(VEN) - The A Chu Homestay in Son La Province’s Hua Tat Village welcomes as many as 3,000 foreign visitors annually, but it did not start out that way. In fact, it was on the verge of shutting down just a few years ago.

Vietnam, Malaysia target trade growth

06:00 | 02/11/2022 Vietnam and other regions

(VEN) - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will take effect for Malaysia on November 29, 2022. This significant event is expected to increase its bilateral trade with Vietnam.

Energy industry masters advanced technologies

06:00 | 09/11/2022 Energy

(VEN) - Enterprises and research units in the field of energy, especially in the electricity industry, have taken the lead in mastering advanced technologies, achieving practical results and ensuring energy security.

Shinhan Life Vietnam introduces flexible term life insurance product

14:45 | 03/01/2023 Companies

Shinhan Life Vietnam recently launched life insurance “Shinhan – Song Khoe with Fantastic Four S-Plus”. This is a flexible insurance solution that offers a wide range of options to optimize protection for each customer.

Surge in trade with New Zealand

06:00 | 07/11/2022 Vietnam and other regions

(VEN) - Vietnam's export value to New Zealand currently accounts for only 1.7 percent of that market's total import value, offering opportunities for increased Vietnamese sales.

Revision underway of e-transaction law

06:00 | 08/11/2022 Finance-Banking

(VEN) - Vietnam’s digital banking transactions have achieved an average annual growth of 40 percent, ranking it among the world’s top growers in this field.

Multimedia

Video Longform Infographic Photo

Norwegian Ambassador experiences Vietnamese Tet traditions

06:00 | 28/01/2023 Lifestyle

Norwegian Ambassador to Vietnam Hilde Solbakken and her family are enjoying a lot of Vietnamese traditions during their first Tet (Lunar New Year) in the country, including “xin chu” (asking for calligraphy from scholars).

Fireworks soar across Vietnam ringing in Year of the Cat

13:07 | 22/01/2023 Photo

Colourful fireworks lit up major cities across Vietnam Sunday night in an exuberant celebration of the Lunar New Year.

The cat in Vietnamese culture

13:00 | 22/01/2023 Lifestyle

(VEN) - The new lunar year (2023) is designated the Year of the Cat, one of the 12 Vietnamese zodiac animals and a strong favorite on the list that also includes the Rat, Buffalo, Tiger, Dragon, Snake, Horse, Goat, Monkey, Rooster, Dog, and Pig). Unlike most of the other animals, in modern society the cat has become a close friend of both children and adults.

Sa Dec Flower Village, an attractive destination in Tet

16:11 | 11/01/2023 Tourism

Sa Dec Flower Village in Dong Thap Province has been well-known for a long time as the flower capital of the Mekong Delta and one of the country's largest suppliers of flowers for cities and provinces nationwide and even abroad.

Da Nang tops Vietnam's tourism competitiveness rankings

15:37 | 11/01/2023 Longform

It attributed the result to the city's strengths in transport and tourism service infrastructure, readiness to apply advanced information and technology as well as environmental sustainability.

Policy

Việt Nam supports expansion of UN Security Council

06:00 | 30/01/2023 Policy

Prime Minister assigns tasks to Deputy Prime Ministers

07:00 | 17/01/2023 Policy

Prime Minister Pham Minh Chinh has signed decision 19/QD-TTg assigning tasks to the Deputy Prime Ministers.

Taking advantage of growth opportunities: Party leader

09:18 | 04/01/2023 Policy

Party General Secretary Nguyen Phu Trong suggested promoting national digital transformation, digital economy and digital society in association with environmental protection while attending the teleconference between the Government and 63 provinces and cities.

Financial mobilization for development of circular economy

17:02 | 03/01/2023 Policy

As one of the countries heavily affected by climate change, the development of a circular economy is an important solution for Vietnam, towards the development of a green and low-carbon economy.

Industry & Trade

Binh Lieu mountain region powers up

06:00 | 28/01/2023 Province

(VEN) - The mountainous border district of Binh Lieu in the northeastern province of Quang Ninh is changing rapidly due to investment in infrastructure of roads, electricity and schools, greatly improving the lives of the predominantly ethnic minority population.

Steel industry to gradually recover in 2023

15:48 | 27/01/2023 Industry

HCM CITY — Domestic steel demand is expected to keep falling due to the property market slump and tightened monetary policy, economic downturn in many export markets and a rise in supply making the outlook for the industry in 2023 poor, analysts said.

Quang Ninh ships first tonne of coal on first day of Lunar New Year

18:16 | 23/01/2023 Energy

The northern coastal province of Quang Ninh shipped the first tonnes of coal on January 21, the first day of the Lunar New Year, from the Cam Pha port.

Support industries vital for global integration

06:00 | 18/01/2023 Support industries

(VEN) - “Entering 2023, Vietnam needs to promote the development of support industries to help the country’s industrial sector effectively participate in the global supply chain,” said Deputy Director of the Industry Agency under the Ministry of Industry and Trade (MoIT) Ngo Khai Hoan in an interview with Vietnam Economic News’ Lan Anh.

Investment

Viet Nam calls for more investment in green growth

16:52 | 22/01/2023 FDI

Deputy Prime Minister Tran Hong Ha called on foreign businesses to boost investment, support Viet Nam in green growth, and well implement international commitments on sustainable development and climate change, including UNCOP26 commitments to achieving net-zero emissions by 2050.

Hanoi attracts nearly US$1.7 billion in FDI in 2022

17:43 | 03/01/2023 Metropolis

Hanoi attracted US$1.69 billion in foreign direct investment (FDI) last year, still among the localities leading the nation in this field.

FDI disbursement exceeds US$20 billion

06:00 | 01/01/2023 FDI

(VEN) - Foreign direct investment (FDI) disbursement reached more than US$20 billion in 2022 - the highest level in five years, aiding post-pandemic recovery.

Screening proposed for improved foreign investment

06:00 | 21/12/2022 FDI

(VEN) - Foreign direct investment (FDI) has contributed significantly to the Vietnamese economy since the Law on Foreign Investment in Vietnam was promulgated in 1987. However, Vietnam is mulling effective screening tools to enhance FDI quality.

Finance-Banking

Positive 2023 securities market forecasts

06:00 | 20/01/2023 Stock Market

(VEN) - Vietnam’s securities market experienced strong volatility in 2022, stemming from investor caution in the face of global economic and political uncertainties.

Banking sector stable, but challenges abound

06:00 | 16/01/2023 Finance-Banking

(VEN) - The banking sector will confront challenges in 2023 both from the international and domestic economies, requiring stabilized macroeconomic conditions and balances.

PM directive to ensure payment demands during Tet

17:55 | 03/01/2023 Finance-Banking

The State Bank of Vietnam (SBV) must direct commercial banks to meet all payment and cash demands of individuals and firms during Tet (Lunar New Year).

Green finance puts down roots in Vietnam

06:00 | 26/12/2022 Finance-Banking

(VEN) - The development of green finance is an important foundation for sustainable business growth.

Environment

Vietnam looks ahead to 2023 climate summit

06:00 | 25/12/2022 Environment

(VEN) - World leaders are hoping the COP28 Climate Change Summit, scheduled for November 30 to December 12, 2023, in the UAE will achieve expectations not met at the COP27 summit held in Egypt in November 2022.

Preserving nature, facilitating business

06:00 | 10/12/2022 Environment

(VEN) - In the past few years, the natural resources and environment sector of Hung Yen Province has advised authorities on state management of natural resources and the environment, contributing to provincial economic growth, industrialization and modernization.

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

11:40 | 24/11/2022 Environment

AkzoNobel, a leading global paints and coatings company and the major producer of Dulux brand, has completed repainting the Cu Lao Xanh Lighthouse project with Dulux Weathershield®. It is the third lighthouse in Vietnam recoated under the “Lighthouse Protection Campaign” of AkzoNobel.

JTI Vietnam commits to net zero greenhouse gas emissions

16:25 | 15/11/2022 Environment

Climate change is the most urgent issue of our time, and to limit its impact on life on earth, the rise in mean global temperature should not exceed 1.5°C above pre-industrial levels. The private sector plays a huge role in helping to achieve this goal, and companies must commit and take concrete action in accordance with the Paris Agreement.

Science - Technology

Welcoming the year of digital data for Vietnam

16:57 | 22/01/2023 Digitalization

Vietnamese animation studio won legal case on copyright infridgement in Russia

11:14 | 11/01/2023 Startups

Top 10 ICT developments in 2022

06:00 | 11/01/2023 Information technology

First retrofitted Emirates A380 enters service

17:41 | 10/01/2023 Science - Technology

The first Emirates A380 to be completely refurbished under the airline’s US$2 billion retrofit program has been deployed on the Dubai-London Heathrow service, operating as EK003.

Society

Prime Minister launches New Year tree planting festival

15:36 | 27/01/2023 Society

Prime Minister Pham Minh Chinh offered incense to President Ho Chi Minh and launched the annual New Year tree planting festival at K9-Da Chong relic site, Hanoi’s outlying district of Ba Vi, on January 27, the sixth day of the Year of the Cat.

Party General Secretary extends greetings for Year of the Cat

12:19 | 22/01/2023 Metropolis

On the occasion of the Year of the Cat 2023, Party General Secretary Nguyen Phu Trong has delivered remarks offering the best wishes to the Vietnamese at home and abroad as well as people around the world.

Strong recovery of capital's economy

06:00 | 17/01/2023 Metropolis

(VEN) - According to a report by the Hanoi People's Committee, the capital experienced a strong economic recovery in 2022 and maintained its leading position among the provinces and cities nationwide in attracting foreign direct investment (FDI).

Animated morning at Nghi Thuy fishing port, Cua Lo Town

10:48 | 16/01/2023 Photo

Nghi Thuy fishing port (in Cua Lo Town) is crowded, animated from early morning everyday. Selling fresh seafood at reasonable prices, it is a seafood distribution hub of Nghe An and nearby provinces.

Vietnamese Brands

Nestlé Vietnam and the journey to sustainable development

13:00 | 10/01/2023 Companies

(VEN) - With nearly three decades of operation in Vietnam, Nestlé Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business in Vietnam.

VIMC embarks on strong recovery

06:00 | 10/01/2023 Companies

(VEN) - In the context of the strong recovery of the maritime transport market, the Vietnam Maritime Corporation (VIMC) has brought into play its internal strength to achieve successful business results in 2022.

MM Mega Market launches a new modern Giá tốt business model

16:18 | 30/12/2022 Vietnamese Brands

Recognizing changes in shopping behaviors, MM Mega Market has publicly launched its new business model – Giá tốt. Giá tốt is currently present in big cities and provinces in Vietnam with more than 250 Giá tốt partners, including Ho Chi Minh City, Hanoi, Da Nang, Binh Duong, Bien Hoa, Quy Nhon, Buon Ma Thuot, Rach Gia, etc.

PVCFC develops experts’ system

08:00 | 25/12/2022 Vietnamese Brands

(VEN) - The PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC) recently held its annual review on accreditation of professionals and on the competency gap for experts at its headquarters in Ho Chi Minh City and Ca Mau Province.

Culture

Norwegian Ambassador experiences Vietnamese Tet traditions

06:00 | 28/01/2023 Lifestyle

Chau Ma brocade lives on

06:00 | 27/01/2023 Lifestyle

(VEN) - The indigenous textile products of the Chau Ma ethnic group reflect experiences, religious beliefs, skillful techniques and an enduring passion for the traditional craft practiced for generations in the Central Highlands province of Lam Dong.

Bathing in coriander-filled water

13:00 | 25/01/2023 Culture

(VEN) - Boiling coriander and bathing in its fragrant water is a ritual cleansing for the Lunar New Year, which is believed to drown the misfortunates and impurities of the past.

Gongs keep ringing in Central Highlands

06:00 | 25/01/2023 Lifestyle

(VEN) - Dak Lak Province strives to keep alive the sound of traditional gongs, 16 years after the cultural space of Central Highlands gongs was recognized by the United Nations Educational, Scientific and Cultural Organization (UNESCO) as an intangible cultural heritage of humanity.

Smart manufacturing penetrates Vietnamese production

See also

See more news

Multimedia