Introduction. Modern industry is not just changing technologies, but transforming the philosophy of work and education itself, revising values, methods and foundations of interaction. New approaches to education predetermine the transformation of the system towards adaptability, focused on achieving practical results and cooperation with the industry. In the international discourse, there is increasing talk about the transition to a new paradigm of Education 5.0, based on the understanding of the transformative role of education for both individual and collective prosperity, learning as a continuous process and focused on mature psychology, human-centeredness, ethics, sustainability and individual characteristics.
Aim. The article is devoted to the analysis of the development of vocational education and training in terms of innovations, pedagogy, trends and value orientations of the new paradigm of Education 5.0 in the context of modern industry and technology.
Methods. The constructivist, interdisciplinary and multi-paradigm approach allowed to extrapolate socio-economic trends to the education sector to identify the valuetarget guidelines for the future development of vocational education and training at the systemic and institutional levels.
Results. The key trends in the development of the modern labor market are summarized, the content of the Education 5.0 concept, modern directions and elements of the transformation of the vocational education system are defined.
The scientific novelty lies in the generalization of the development trends of Education 5.0 and the identification of conceptual aspects of vocational education and training in the context of modern industry, skill development, and the workspace.
Practical significance. The findings can be used to modernize the vocational education and training approaches, transform the content of programs and training models, develop advanced training courses for teachers, as well as modernize the policy for the development of vocational education.