Country / Region: Vietnam
About Phu Nhuan Jewelry Joint Stock Company (PNJ):
Thirty-two years after its establishment in 1988, Phu Nhuan Jewelry Joint Stock Company (PNJ) is well-known for having revived the Vietnamese jewellery industry. With a team of more than 6,000 employees and 1,000 artisans and skilled goldsmiths, PNJ owns the largest jewellery factory in Vietnam to date. The factory produces 4 million products per year, providing for nearly 400 retail stores and 3,000 wholesale customers across cities and provinces in Vietnam and 13 countries overseas.
PNJ has gained numerous accolades including winning Asia’s Best Report on Sustainable Development Goals at the Asia Sustainability Reporting Awards in 2018.
What the judges have to say:
The pre-tax profit of US$ 63 Million (+25% vs last year) speaks for its outstanding achievement in 2019; PNJ is a listed company at the HoChiMinh Stock Exchange with an impressive annual revenue of US$777 million.
PNJ under the leadership of Chairwoman Cao and CEO Tri Thong Le, has developed into a vertical integrated jewellery enterprise with two efficiently run manufacturing facilities equipped with all the latest jewellery technology and machineries which produced 4 million products and supplies to nearly 400 PNJ retail stores and 3000 wholesale customers in Vietnam and 13 overseas markets.
PNJ believes that sustainable business practices will further improve its long-term profitability. They always invest in new equipment that would reduce its ecological footprint, resulting in a drop in volume of waste water and solid wastes, noise and other pollutants. Such measures have saved them US$ 390,268 in 2019.