US$5 million jewelry factory opens in HCM City
The Phu Nhuan Jewelry JSC (PNJ) has opened a US$4.76 million jewelry plant in Ho Chi Minh City's Go Vap district.
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.
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PNJ chairwoman Cao Thi Ngoc Dung said that the inauguration of the factory will 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 US$233.33 million in total turnover and US$12.24 million in pre-tax profits, or 81 percent of its yearly goal.
PNJ hopes to become one of the leading jewelry makers and retailers in Asia.