Abstract
The purpose of the study is to identify the challenges, prospects and ways for the development of the manufacturing industry in Vietnam in the context of Industry 4.0, after COVID-19. The article examines the development of the manufacturing industry in the context of Industry 4.0. The research methodology includes comparative analysis, elements of positive and normative analysis. The study is based on statistical information available within the period of writing the article (till October 1, 2020). The data of Vietnamese and international research organizations and statistics bodies, in particular, the websites of World Bank and General Statistics Office of were used. The leading role of the manufacturing industry in achieving sustainable economic development in developing countries, including Vietnam, was determined. Based on an assessment of the levels of development of the manufacturing industry in Vietnam from 2011 to 2019 and the state of production of the main manufacturing industries under the influence of the coronavirus pandemic in 2020, urgent problems of the development of the manufacturing industry in the context of Industry 4.0 in Vietnam were identified. The coronavirus pandemic, on the one hand, is seen as the reason for the slowdown in production growth in the manufacturing industry, and on the other hand, as a condition for accelerating digital transformation in industrial manufacturing enterprises. The article identifies the main challenges and prospects for the development of the manufacturing industry in Vietnam in the fourth industrial revolution. The human resource challenge for the development of manufacturing in the context of the fourth industrial revolution was identified in some specific industries such as textiles, food processing, machinery and equipment manufacturing by analyzing the Report of 2019 about Industry 4.0 Readiness of Vietnam’s industrial enterprises. The main priority areas for improving the production of the manufacturing industry in Vietnam to achieve sustainable industrial development are presented. The results of the work can be used in the development of policies for the development of the manufacturing industry not only in Vietnam, but also in other developing countries
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