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Article: Vietnam a 'Gold Mine' for Pranda Jewelry Plc.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- March 30, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Nareerat Wiriyapong, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Mar. 30--SET-listed Pranda Jewelry Plc is taking advantage of cheaper labour costs in Vietnam to expand its profile in the global market, aiming to triple its annual output in Vietnam by next year.
Pranda chairman Prida Tiasuwan said capacity expansion at the company's wholly owned operation in Danang would give jewellery made there a competitive edge in the international market.
About 90 percent of Pranda's output in Vietnam is now exported, mainly to the United States and Germany.
"With the incentive of zero tax granted in Vietnam, we import raw ...
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