Pandora builds $150M jewelry plant in southern Binh Duong

By VNA   May 17, 2024 | 04:18 pm PT
Pandora builds $150M jewelry plant in southern Binh Duong
An artist's impression of a factory of Pandora in Binh Duong Province. Photo courtesy of Pandora
Construction has began at the $150 million Danish-invested Pandora Production Vietnam jewelry plant at the Vietnam-Singapore Industrial Park III (VSIP III) in the southern province of Binh Duong.

The facility, slated to begin operations in 2026, is expected to produce 60 million pieces of jewelry annually. Once operational, the factory will employ over 7,000 silversmiths.

According to a representative from Pandora, the choice of Vietnam for this investment stems from the country’s attractive investment environment. The VSIP III industrial park offers excellent infrastructure and convenient transport, crucial for the export-led group.

At the groundbreaking event on Thursday, Chairman of the provincial People’s Committee Vo Van Minh pledged the most favorable conditions for Pandora Production Vietnam’s efficient operations.

On the same day, Minh met with CEO of Pandora Alexander Lacik, who stated that the plant will incorporate the latest advanced technologies and techniques.

The provincial leader, in response, highlighted Binh Duong’s support for the development of rooftop solar power for factories at local industrial parks.

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