Hosted today, ABB Technology Day 2019, themed "Digital transformation to accelerate a sustainable future,” will explore Vietnam’s Industry 4.0 ambitions and discuss some of the country’s biggest challenges and opportunities for growth. The event has attracted nearly 500 delegates including business leaders, industry partners, and policymakers.
|ABB Technology Day 2019 showcased technologies for the cities of tomorrow |
In addition, the event will also present an overview of how ABB can help harness the power of digital to drive progress with customers and the government with its pioneering technologies for factories, energy, transportation, and cities. The Fourth Industrial and Energy Revolutions are changing the global industrial and energy landscape, with digital technologies driving rapid transformation across industries.
Energy systems are also changing, primarily driven by renewables gaining ground in the energy mix. Digital data collected from devices enables customers to increase efficiency and productivity, helps improve quality and safety, and reduce their environmental footprint.
The Central Institute for Economic Management (CIEM) cited that by 2030, the Fourth Industrial Revolution could increase Vietnam’s GDP by between $28.5 billion and $62 billion, equivalent to a rise of 7-16 per cent. The organisation also added that GDP per capita is expected to rise by $315-640 by 2030 as a result of increased levels of productivity and employment opportunities.
Vietnam’s urbanisation rate is expected to reach about 40 per cent in 2019 and according to Vietnam Urban Planning and Development Association, the rapid growth will continue. By the 2040s about 50 per cent of Vietnam's population will live in urban areas.
|"Digitalisation and Industry 4.0 will be the growth drivers to strengthen Vietnam’s position in the region," Brian Hull, country managing director, ABB in Vietnam. Photo: Tan Duong |
“Customers nowadays increasingly demand higher-quality products and citizens want better living environments. Sustainable growth can only be achieved by the adoption of digital technologies and advanced manufacturing applications. Digitalisation and Industry 4.0 will be the growth drivers to strengthen Vietnam’s position in the region. ABB, as a digital industry leader, is proud to be part of this transformation,” said Brian Hull, country managing director, ABB in Vietnam.
At the event, technologies and solutions exhibited will include ABB Ability Connected Services, one of ABB’s more than 210 digitally-enabled solutions. The solution makes actionable data available anywhere at any time to ensure uptime and optimise the performance of robotic systems helping customers to reduce incidents by up to a quarter and achieve 60 per cent faster response time and issue recovery.