Editor’s Note
**Editor’s Note:** PNJ has taken a significant step toward transparency by commissioning independent quality assessments from internationally recognized organizations. This initiative underscores the company’s commitment to upholding rigorous standards in product quality and operational processes.
Phu Nhuan Jewelry Joint Stock Company (PNJ) has announced a resolution approving a policy to hire renowned international organizations to conduct independent assessments of product quality and internal processes related to the company’s business operations.
Additionally, PNJ will engage an independent and professional consultancy to evaluate its risk management processes.
PNJ will also hire an independent audit firm to audit the entire process from import and manufacturing to the sale of diamonds, including diamond-set jewelry products.
At the same time, the company has guaranteed loans for PNJ Jewelry Manufacturing and Trading Company Limited (PNJP) from Vietcombank Ho Chi Minh City branch, with a maximum limit of VND 100 billion, and from BIDV Hoc Mon branch, with a maximum limit of VND 300 billion. CAF and PNJP are subsidiaries of the company.
On the stock exchange, PNJ shares have fallen sharply since mid-June following the prosecution of a case related to the smuggling of 28,000 diamonds and the indictment of several PNJ-Lab executives and employees. On July 14, the investigative agency indicted another PNJ-Lab employee in the same transnational diamond smuggling case.
From a price above VND 68,000 per share in mid-June, PNJ’s stock price has dropped to VND 40,900 (as of July 16).
Source: https://vietnamnet.vn/pnj-thue-don-vi-quoc-te-de-kiem-dinh-chat-luong-kim-cuong-nu-trang-2536431.html