PNJ in top retail enterprises VIX50

PNJ was included in the VIX50 ranking (Top 50 prestigious and effective public companies 2023) at the award ceremony in Hanoi on the morning of August 4.

For the third year, Vietnam Report has published the VIX50 rankings, honoring businesses that excel in finance, sustainable growth potential, governance quality and position in the industry... Phu Nhuan Jewelry Joint Stock Company (PNJ) ranked 13th, among the top retail businesses.

The organizers highly appreciate PNJ's intrinsic strength, adaptability, ability to overcome challenges and seize opportunities in a volatile market context.

Mr. Le Tri Thong - Vice Chairman of the Board of Directors and General Director of PNJ - represented to receive the certificate and VIX50 medal on the morning of August 4. Photo: Do Thanh — Mr. Le Tri Thong - Vice Chairman of the Board of Directors and General Director of PNJ - represented to receive the certificate and VIX50 medal on the morning of August 4. Photo: *Do Thanh*

Specifically, Vietnam Report ranks based on two criteria: a quantitative analysis model of the research subject's reputation in the media; production and business results, financial capacity in the period of 2022-2023, with comparison and evaluation with industry standards.

This organization also cooperates with a group of industry experts to evaluate businesses through a series of factors: growth potential, sustainable development level, management quality, and position in the industry. In addition to PNJ, many "big guys" are also in the top 50 such as Vietcombank, Techcombank, FPT , Vinhomes (Vingroup), Vinamilk, MWG...

Within the framework of the activities, the organizing committee held the conference "Vietnam CEO Summit 2023". Mr. Le Tri Thong and speakers discussed the topic "Data economy : Opportunities for businesses to create breakthroughs globally". The program provided business leaders with an overview of technology trends, especially in the context of digital transformation "taking the throne".

Mr. Le Tri Thong with speakers and guests at Vietnam CEO Summit 2023. Photo: Do Thanh — Mr. Le Tri Thong with speakers and guests at Vietnam CEO Summit 2023. Photo: *Do Thanh*

According to Mr. Tri Thong, in the strategic picture, with the vision of a modern retailer, PNJ quickly recognized the problem and invested in digital transformation. The combination of online - offline and Digital applications helps the unit handle the system operation and human resource management well, creating strength to overcome difficulties, especially during the Covid-19 pandemic, while continuing to reach future milestones.

Previously, PNJ announced its business results for the first 6 months of the year: net revenue reached 16,459 billion VND and profit after tax reached 1,083 billion VND, completing 55.9% of the year's profit plan.

Over the years, the unit has received a series of major awards from domestic and international organizations such as: Outstanding jewelry manufacturer at JWA; 14 consecutive years of achieving National Brand; entering the Top 50 sustainable enterprises in 2023...

"By being included in the VIX50 rankings, we once again demonstrate the vision and correct direction of the board of directors, along with the dedication and continuous efforts of PNJ officers and employees. During 35 years of establishment and development, we have constantly upgraded our production lines and created valuable products to honor the beauty of people and life," said a company representative.

PNJ jewelry is chosen by many customers on special occasions. Photo: Do Thanh — PNJ jewelry is chosen by many customers on special occasions. Photo: *Do Thanh*

Currently, the company has more than 7,000 employees and nearly 400 jewelry centers nationwide including: 360 PNJ Gold, 7 PNJ Silver, 3 CAO Fine Jewellery, 5 Style by PNJ branches, 3 PNJ Watch and 3 PNJ Art.

Van Phat

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