Industrial revolution poses challenges to APEC economies
The globalisation process and the 4th industrial revolution is posing big challenges to member economies of APEC forum in general and Vietnam in particular, said a Vietnamese official.
Hanoi (VNA) - The globalisation process and the fourthindustrial revolution is posing big challenges to member economies of theAsia-Pacific Economic Cooperation (APEC) Forum in general and Vietnam inparticular, said a Vietnamese official. Deputy Minister of Labour, Invalids and Social Affairs Doan Mau Diep deliveredthis message at the “Workshop on the World of Work and Labour MarketInformation in the Digital Age” which was held in Hanoi on May 11 inpreparation for the High Level Policy Dialogue on Human Resources Developmentin the Digital Age. The workshop takes place at a time when the world of work isexperiencing great structural changes due to technological advances,specialised production and growing demand for highly skilled workers and changinglabour relations. Technology and digitalisation are expected to make importantcontributions to improving productivity, expanding economic growth andgenerating jobs. But, technology and digitalisation are also creating risksrelated to employment. A study conducted by the International Labour Organisation (ILO) showedthat new technologies will be applied thoroughly in labour-intensiveindustries, resulting in big cuts in low-skilled labour workforce. The APEC member economies are facing challenges in satisfying the manpowerdemand for the digital economy. These are also challenges that the economiesare coping with in implementing structural reforms to support investment inhuman resources development and market restoration. For Vietnam, Diep said the governmentalready set out the tasks of renovating the growth model, restructuring theeconomy and taking full advantage of scientific and technological advances,towards improving quality of economic growth and bolstering rapid, sustainabledevelopment. He stressed that Vietnam is lackinghighly-skilled technicians and workers, especially in the key industries ofmechanical engineering, electronics, and electric techniques as well as insectors that have strong impacts on high and sustainable growth amidinternational integration. The shortage of highly-skilled workers hasworsened due to shortcomings in labour demand-supply connection, Diep said,adding that improving the labour market information system and reducing timefor labour demand-supply connection is seen as an urgent and feasible task inthe age of information technology. The Human Resources Development Working Group (HRDWG) is sparing no effortto build a draft document on human resources development in the digital age. This initiative is aimed at enhancing regional cooperation in personneltraining to cope with challenges in the digital age, focusing on labour marketdevelopment, education and vocational training, and social security, Diep said. Experience, vocational training models and policies on the labour marketand social security shared at the workshop will help the APEC economies drawlessons and boost cooperation in the process of sustainable development.-VNA
Increasing the access of people with disabilities to inclusive employment opportunities is a key component to advancing inclusive economic growth across all of APEC 21 member economies, experts said.
APEC economies will participate in a high-level policy dialogue on human resources development in the digital era in Hanoi on May 14 and 15, as heard at a press conference by the Ministry of Labour, Invalids and Social Affairs on May 10.
Representatives from APEC member economies continued to discuss the role of women in economy, people with disabilities, human resources development, mining and auto industry in Hanoi on May 10
Today is the busiest day within the framework of the second APEC Senior Officials Meeting (SOM 2) and related meetings with 11 meetings and workshops hosted by APEC working groups and subcommittees.
Representatives from Asia-Pacific Economic Cooperation (APEC) member economies gathered in Hanoi on May 11 for the 10th APEC Policy Partnership on Science, Technology and Innovation (PPSTI-10) Meeting.
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Throughout its resistance against colonialists and imperialists, Vietnam developed a revolutionary press that has served as a benchmark for just and legitimate causes worldwide.
Illustrative image (Source: VNA)
