Pandora Group inaugurates factory in Vietnam

On October 1st, Denmark's largest jewelry brand, Pandora Group, marked a significant milestone in its global expansion by officially inaugurating its new factory in Vietnam. The ceremony took place at VSIP III Industrial Park in Binh Co Ward, Ho Chi Minh City.

Key dignitaries, including the Chairman of the Ho Chi Minh City People's Council Vo Van Minh and the Standing Vice Chairman of the Ho Chi Minh City People's Committee Nguyen Loc Ha, attended the event. The event was also attended by Ms. Lina Gandløse Hansen, Denmark's Ambassador to Vietnam, and Ms. Berta de Pablos-Barbier, CEO of Pandora Group.

The factory, an investment of over US$150 million on a site of more than 7.5 hectares, is set to produce approximately 60 million pieces of jewelry annually once fully operational. This will significantly contribute to Pandora Group's total global production and create jobs for around 7,000 workers. The factory was built to green standards, with solar power contributing to 30% of energy needs and 100% of wastewater being recycled.

Nguyen Loc Ha, Standing Vice Chairman of the Ho Chi Minh City People's Committee, praised the inauguration as a testament to Vietnam's attractive, open, and dynamic investment environment, further strengthening the excellent diplomatic relations between Vietnam and Denmark.