Pandora pours 100 million USD into Binh Duong province
(VOVWORLD) - Danish jewelry manufacturer Pandora will invest 100 USD million to build a new facility in in the southern province of Binh Duong.
 Pandora, the world’s largest jewellery brand, signs a memorandum of understanding on May 12, 2022, to build a new facility in Vietnam Singapore Industrial Park (VSIP) in Binh Duong province. (Photo: VNA) |
Under an MoU signed on Thursday, facility will be built in the Vietnam Singapore Industrial Park (VSIP) according to the LEED Gold standard, a leading green building certification, and powered by renewable energy.
It will create jobs for more than 6,000 craftspeople and have an annual capacity of 60 million pieces of jewelry. Construction for the project is set to begin in early 2023 and expected to be operational by the end of 2024.
Denmark’s Ambassador to Vietnam, Kim Højlund Christensen, said that this is the second largest Danish project investing in Vietnam in the past five months. It proves that Vietnam has become an attractive destination for Danish investors.