Below is a special interview conducted by Emidas on the overview of the labor market in Vietnam during the period of 2023-2024.

This article, "10 principles for improving production cost," continues the research findings and experience of P&Q Solutions in consulting, training, and the processes that guide our improvement, lean transformation, and capacity building programs from the previous article.

Improving production costs is becoming an increasingly important issue in the global manufacturing supply chain in the context of increasing competition and increasing fragmentation in the value chain of the supply chain - there , production is always at the bottom of the value chart.

In the typical cost structure of a supporting industry enterprise, raw materials can contribute 50% - 60%. According to the 80-20 principle, this is a key point in the management and improvement of costs of manufacturing enterprises.

In the context that businesses must operate in an environment of rapid changes with the increasing impact of the industrial revolution 4.0 and deeper international integration, Knowledge is emerging as a key resources, having a direct impact on the organization's competitiveness and sustainable development.