SAIGON JEWELRY COMPANY LIMITED

SAIGON JEWELRY COMPANY LIMITED (CÔNG TY TNHH MỘT THÀNH VIÊN VÀNG BẠC ĐÁ QUÝ SÀI GÒN - SJC) is Vietnam’s leading state-owned enterprise in the jewelry and precious metals industry. Established on August 12, 2010, the company operates under Business ID: 0301045759, registered with the Business Registration Office - Planning and Investment of Ho Chi Minh City. The company is wholly owned by the People’s Committee of Ho Chi Minh City, making it a key government-backed entity in Vietnam’s gold and jewelry market.

Headquartered at 418-420 Nguyen Thi Minh Khai, Ward 05, District 3, Ho Chi Minh City, SAIGON JEWELRY COMPANY LIMITED has expanded its presence across multiple retail locations, including branches in Lotte Mart, Parkson Trade Center, and Big C Trade Center in Ho Chi Minh City. Under the leadership of Chairman LE HUNG DUNG, General Director LE THUY HANG, and Deputy General Director CAO XUAN LANH, the company continues to maintain its dominant position in the industry.

Financially, SAIGON JEWELRY COMPANY LIMITED has demonstrated steady growth. As of December 31, 2023, the company’s total assets reached USD 77.99 million, reflecting a 9.12% increase compared to the previous year. Sales revenue rose to USD 1.17 billion, marking a 4.62% year-on-year growth, while profit surged by 25.44% to USD 2.5 million. The company’s equity also saw a modest increase of 2.2%, reaching USD 64.85 million, highlighting its financial stability and sustainable business model.

SAIGON JEWELRY COMPANY LIMITED specializes in the retail sale of new goods in specialized stores, with a strong focus on precious metal manufacturing, wholesale and retail trade, storage, and transportation support activities. It is also involved in property trading, credit services, technical testing, advertising, and leasing of personal and household goods, demonstrating its diverse business operations.

Despite a competitive market, SAIGON JEWELRY COMPANY LIMITED has managed to maintain its market dominance by leveraging its government backing, strong financial foundation, and extensive distribution network. Its strategic expansion into retail and online sales has further strengthened its position in Vietnam’s luxury goods sector.

VANGUARD BUSINESS INFORMATION LLC (VBI), a leading provider of business intelligence, identifies SAIGON JEWELRY COMPANY LIMITED as a key player in Vietnam’s precious metals and jewelry industry. The company’s steady financial growth, state ownership, and expanding retail presence indicate strong market potential. Investors and industry analysts monitoring Vietnam’s luxury goods and gold market should closely follow SAIGON JEWELRY COMPANY LIMITED, as it continues to reinforce its position as Vietnam’s premier gold and jewelry brand.