New and emerging technologies under Industry 4.0 are rapidly changing the nature of work and demand for skills around the world. Meanwhile, the coronavirus disease (COVID-19) pandemic is causing significant labor market upheavals. In the Philippines, the impacts on economic growth and employment have been highly disruptive. This publication highlights the vital role technical and vocational education and training (TVET) can play in mitigating the negative impacts of these drivers. It assesses what needs to be done to ensure the country's TVET system, and TESDA, the agency responsible for TVET, can meet the challenges and achieve their objectives of a competitive and socially inclusive workforce.