Saigon Jewelry plans its privatisation
In this article (4)
Vietnamese jeweller Saigon Jewelry Company (SJC) is set to be privatised next year.
The company, which has some 200 retail stores across the country, is one of a group of government-owned enterprises set for spin-off, however specific details have yet to be released.
Established in 1988, SJC posted revenue of US$981.3 million and after-tax profit of US$3.4 million last year.
The state-owned company also operates in other business sectors, including real estate, financial investment and services.
SJC is one of the largest jewelry trading companies in Vietnam along with companies like Phu Nhuan Jewellery (PNJ), Bao Tin Minh Chau and Phu Quy Jewelry, all competing in the US$600 million Vietnam jewellery market.
Questions & Answers
Q.When is Saigon Jewelry Company (SJC) expected to be privatised?
When is Saigon Jewelry Company (SJC) expected to be privatised?
The Vietnamese jeweller Saigon Jewelry Company (SJC) is scheduled to be privatised next year. It is part of a larger group of government-owned enterprises planned for spin-off by the state.
Q.What revenue and profit figures did SJC report last year?
What revenue and profit figures did SJC report last year?
SJC posted revenue of US$981.3 million last year. Its after-tax profit for the same period was US$3.4 million, according to the article.
Q.What other business sectors does SJC operate in besides jewellery retail?
What other business sectors does SJC operate in besides jewellery retail?
Beyond its primary role as a jewellery trading company, SJC also operates in other business sectors. These include real estate, financial investment, and various services.
Reader pulse
SJC's privatisation: Good move?
23,665 votes so far