In order to have an overview of the current quality of youth labor and its readiness for the emergence of the fourth industrial revolution (or Industry 4.0), measuring the understanding of students about the Industry 4.0 in the context of Vietnam's digital economy is essential. As the young's perception in the present-day context can be seen as a crucial manifestation to evaluate their awareness levels on how this revolution impacts their joining the labor market. In addition, the young’s awareness is an important information source in orienting their own behavior accordingly, which is also an indication of the level of their willingness to adapt to the digital age. As the result of previous qualitative and quantitative surveys, this article addresses the awareness characteristics of young people, thereby exploring their capacity for self-assessment about risks or career opportunities in the context of Industry 4.0.