The challenges for research and manufacturing facilities and enterprises in the industrial mechanical engineering sector in our country in the context of Industry 4.0 include:

 

First, in mechanical machining production, design work will be greatly assisted by computer systems and intelligent software. Machines also replace humans in manufacturing and equipment installation. This forces mechanical enterprises that want to develop strongly and sustainably to change their labor structure and professions, shift from low-skilled labor to high-skilled labor, invest in advanced machining technology, change production management methods, and improve product quality control. However, investment in industry, especially heavy industry, is very costly while the resources of Vietnamese mechanical enterprises are limited. Some State preferential policies for developing mechanical products are not long enough and their application is complicated, thus they have not created momentum for enterprises to borrow capital and make in-depth investments in production.

 

Second, the Fourth Industrial Revolution will create fierce competition for Vietnamese enterprises in general and mechanical enterprises in particular. The competition is not only among domestic enterprises but also with foreign enterprises and multinational corporations.

 

 

The Fourth Industrial Revolution will impact the entire economy and social life, posing many challenges for the mechanical industry. Our country no longer has the advantage of attracting investment based on low labor costs; limited science and technology capacity restricts the ability to access and apply the achievements of Industry 4.0... without strong solutions, we will fall further behind. 

 

However, the Fourth Industrial Revolution also brings many opportunities for the industry such as: the ability to absorb new technologies, also known as leapfrogging, creating smart production methods, shifting towards a knowledge economy.