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At its annual general meeting Saturday, it also announced a revenue target of VND21 trillion, up 20 percent. But Phu Hung Securities Corporation has forecast revenues of VND18.4 trillion and profits of VND1.09 trillion, explaining that the volatility in gold…
PNJ has decided to invest in pawnshop chain Golden Friend, with the stipulation it cannot exceed 30 percent of the latter’s charter capital. The Board of Directors of the Phu Nhuan Jewelry Joint Stock Company (PNJ) has entrusted PNJ CEO Le Tri Thong with…
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…
Southeast Asian eCommerce giant Lazada has partnered with 40 Vietnamese retailers to expand their businesses. The partner businesses include electronics retailers Cho Lon, Tran Anh, Home Center, cookware chain Lock&Lock, and jeweller PNJ. Lazada expects the…
Vietnam-based Phu Nhuan Jewelry (PNJ) has recorded US$178 million in sales and a pre-tax profit of VNĐ304.5 billion (US$13.65 million) in the first six months of this year. These are increases of 4 and 116 per cent respectively for the same period last year,…
Two Asian retail leaders have been added to Forbes magazine’s annual list of 50 most powerful businesswomen in Asia – in The Philippines and Vietnam. They are Robina Gokongwei-Pe, the president and COO of Robinsons Retail Holdings, the second-largest…
