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PNJ in Top 10 of 100 Most Sustainable Companies in Vietnam in 2016

Released at: 11:30, 28/11/2016 BUSINESS SPOTLIGHT

PNJ in Top 10 of 100 Most Sustainable Companies in Vietnam in 2016

Photos: PNJ

PNJ is the only jewelry company listed in the Top 100 most sustainable companies in Vietnam in 2016 and is honored to be among the Top 10. More impressively, in just the first ten months of this year it exceeded its profit plan by 10 per cent, reaching VND510 billion ($22.44 million).

On November 8 in Hanoi, the Phu Nhuan Jewelry Joint Stock Company (PNJ) was honored to be ranked in the Top 10 of the 100 most sustainable Vietnamese companies in 2016.

The recognition ceremony was held by the Business Council for Sustainable Development in collaboration with the Ministry of Labor, Invalids and Social Affairs, the Ministry of Industry and Trade (MoIT), the Ministry of Natural Resources and Environment, the Vietnam General Confederation of Labor, and the State Securities Commission.

Evaluations were made under the CIPS Sustainability Index (CSI), comprising 151 highly quantitative criteria established by experts in economics, society, labor, and the environment. The CSI clearly reflects the reputation and brands of businesses, their capacities in attracting human resources, operational processes, development potential in the future, and their social responsibilities and environmental responsibilities.

Ms. Cao Thi Ngoc Dung (middle), General Director of PNJ, receives a certificate for being in the Top 100 most sustainable Vietnamese companies

As the only jewelry company in the rankings, PNJ proves it has taken the right strategy in focusing on sustainable development, with prime objectives including developing highly qualified human resources, enhancing the value of its supply chain, promoting creativity in product development, acting in environmental protection, and regularly conducting activities that contribute to social security.

The above criteria are also key elements of PNJ’s future development strategy and were vividly shown in the 2015 PNJ Sustainable Development Report, with analysis in three major factors: Economy - Environment – Society.

Ms. Cao Thi Ngoc Dung, PNJ’s General Director, said that with its long-standing sustainable development philosophy of “Benefits to customers and society are our benefits”, PNJ has always put emphasis on and ensured harmonization in linking its benefits with the development of the people and society and environmental protection, as this is a prerequisite for sustainable development.

The fact that PNJ is among the Top 10 in the rankings of the 100 most sustainable companies in Vietnam in 2016 will be motivation for it to continue maintaining its sustainable development model, she went on, be persistent with its vision of becoming the leading jewelry retail trader and manufacturer in Asia, and to maintain its Number 1 position in the high- and middle-end segments of Vietnam’s jewelry market.

PNJ has recently announced its business results for the first ten months of the year, with notable results. Total revenue reached VND6.725 billion ($295.9 million), up 15 per cent compared with the same period last year. Total revenue from retail sales increased 27 per cent year-on-year, and pre-tax profit reached VND510 billion ($22.44 million), up 33 per cent, and 110 per cent of its annual plan.

Its retail distribution system has also seen strong development, with the launch of 20 new stores, increasing the total number to 226 in 47 cities and provinces nationwide and maintaining its position as the jewelry company with the largest distribution system in Vietnam.

Remarkable events in PNJ’s 2016 sustainable development strategy

  • National Brand 2016
  • Top 100 Best Working Environments in Vietnam
  • Top 100 Outstanding Companies in Vietnam Strong Brand Awards
  • High Quality Vietnamese Product for 19 consecutive years
  • Top 50 Best Listed Vietnamese Companies
  • Top 50 Most Valuable Vietnamese Brands
  • “Warm Homes” and “Thanks for Not Littering” programs expanded and having a positive effect in the community

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