The Phu Nhuan Jewelry Joint Stock Co (PNJ) opened a 100 billion VND (4.76 million USD) jewelry plant in Ho Chi Minh City 's Go Vap district on October 18.
The new facility is the largest of its kind in the country with a total area of 12,500sq.m and 1,000 workers. It is expected to produce 4 million products a year.
PNJ chairwoman Cao Thi Ngoc Dung said that the inauguration of the factory would help the company solidify its position as one of the top domestic jewelry makers.
In the first nine months of this year, the company earned nearly 4.9 trillion VND (233.33 million USD) in total turnover and 257 billion VND (12.24 million USD) in pre-tax profits, or 81 percent of its yearly goal.
The strategy, which will run until 2017, aimed to reach an annual turnover growth of 20 percent and a yearly profit growth of 15 percent for its core line of business, while quadrupling its export turnover, Dung said.
PNJ also hoped to become one of the leading jewelry makers and retailers in Asia , she added.-VNA
The new facility is the largest of its kind in the country with a total area of 12,500sq.m and 1,000 workers. It is expected to produce 4 million products a year.
PNJ chairwoman Cao Thi Ngoc Dung said that the inauguration of the factory would help the company solidify its position as one of the top domestic jewelry makers.
In the first nine months of this year, the company earned nearly 4.9 trillion VND (233.33 million USD) in total turnover and 257 billion VND (12.24 million USD) in pre-tax profits, or 81 percent of its yearly goal.
The strategy, which will run until 2017, aimed to reach an annual turnover growth of 20 percent and a yearly profit growth of 15 percent for its core line of business, while quadrupling its export turnover, Dung said.
PNJ also hoped to become one of the leading jewelry makers and retailers in Asia , she added.-VNA
