Cheap labor cost makes Vietnam robot market unattractive
Vietnam is an attractive investment destination in the industry 4.0 era, but automation equipment suppliers found it difficult to access this market due to cheap labor costs.
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Vietnam imported 109,000 cars in the first nine months of this year, an increase of nearly 168%.
If supporting industries cannot develop and automobile joint ventures continue importing car parts for assembly, Vietnam’s automobile industry will not survive after 2025, analysts say.
Domestically-invested Kite Air is scheduled for commercial operation in the first quarter of 2020 with six ATR72 aircrafts.
Vietnam is an attractive investment destination in the industry 4.0 era, but automation equipment suppliers found it difficult to access this market due to cheap labor costs.
Experienced candidates, aged 40 and over, are expected to have the highest demand for jobs by the end of 2019.
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