PHU QUY PRECIOUS STONES, GOLD SILVER COMPANY LIMITED

PHU QUY PRECIOUS STONES, GOLD SILVER COMPANY LIMITED is a long-established private enterprise in Vietnam’s jewelry and precious metals retail market, with more than two decades of continuous operation in Hanoi.

Legal status and corporate background

PHU QUY PRECIOUS STONES, GOLD SILVER COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH VÀNG BẠC – ĐÁ QUÝ PHÚ QUÝ) operates as a limited liability company, privately held and registered with the Hanoi Department of Planning and Investment. The company was incorporated in January 2003 and remains in active legal status. Its business registration number and tax identification number are unified, reflecting compliance with domestic standards for domestic enterprises. The company employs around 70 staff, supporting both retail and back-office operations.

Management and ownership structure

The company is led by Mr. Le X. T., who serves as Director and legal representative. Ownership is evenly divided between Mr. Le X. T. and Ms. Pham T. A., each holding an equal stake. This balanced ownership structure suggests closely aligned management and shareholder interests, typical of family-influenced or founder-led jewelry businesses in Vietnam.

Core business activities

PHU QUY specializes in the processing, trading, and retail of jewelry, including gold, silver, and precious stones. Its core operations are centered on specialized retail stores, complemented by registered activities in jewelry manufacturing, metal processing, wholesale of metals, and related design services. This vertically connected business scope allows the company to combine retail branding with in-house or closely controlled sourcing and processing.

General financial profile

From a financial standpoint, PHU QUY operates at a high-turnover retail scale. Total assets are in the range of USD 13 million, while annual sales exceed USD 150 million, indicating very strong revenue generation relative to asset size. Equity stands at approximately USD 4.3 million, providing a stable capital base. Profitability remains positive, though margins fluctuate, reflecting sensitivity to gold price movements, inventory valuation, and retail market conditions. Working capital is maintained at a moderate level, supporting inventory-heavy operations typical of the jewelry trade.

Market position and operational characteristics

With more than 22 years of operating history, PHU QUY has established itself as a recognized domestic jewelry brand in Hanoi, maintaining both legacy retail locations and an official online presence. Its long-standing market presence, combined with high sales volume and integrated business lines, positions the company as a notable player in Vietnam’s fragmented but competitive precious metals and jewelry retail sector.