Local gold traders expand business to Laos and Cambodia

According to Nguyen Thanh Long, general director of Saigon Jewelry Co., the biggest gold shop in Vietnam, the company had presented a plan to the Government, seeking permission to open a factory in Laos.

If the company receives approval from both Ho Chi Minh City People’s Committee and Laos’s government, it will start producing SJC-brand gold bars in Laos later this year, he said, adding that it will promote manufacturing and selling of jewelries in Laos next year before expanding business to Cambodia.

Earlier, Sacombank Jewelry Co. debuted its SBJ-brand gold bars and opened a subsidiary in Cambodia.

By M.Thi – Translated by Que Chi

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