Ansgar Kriwet, member of the management board of Festo, said Vietnam has the fastest growing economy in South-east Asia with a growth rate of 6.5%.As Asia’s new manufacturing hub, Vietnam requires strong support from motion automation, he said.
Festo’s cyber-physical systems encompass the new developments of networked production in industry 4.0 and offer a modular smart factory system for teaching and research purposes. It annually invests around 8% of its revenues into research and development and makes 100 new products ready for patenting.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: