Categories: Economy

SJC Company Sets New Revenue Goals and Plans for Expansion Despite Changes in Gold Market

This year, SJC Company has set a new revenue plan of approximately 30,145 billion VND, down from the 2023 plan. However, they are determined to achieve a profit of 70.2 billion VND, which is a 24% increase compared to previous figures. If successful, this would mark the third consecutive year that SJC has achieved revenue exceeding a billion USD, with record profits in the past six years.

SJC is also forecasting an increase in profit after tax despite reducing nearly 4,500 taels of gold bars and decreasing production output by about 18%. In the upcoming year, they will focus on investing in jewelry production and business expansion. They plan to introduce new products such as agarwood items, handicrafts, watches, and eyeglasses. Through collaborations with travel companies both domestically and internationally, SJC aims to reach customers worldwide.

As a 100% state-owned enterprise under the People’s Committee of Ho Chi Minh City since 2014, SJC has played a vital role in contributing to the state budget over the years. The company holds a unique position as the only unit authorized by the State Bank to produce gold bars exclusively since then. Recent fluctuations in the gold market have led discussions about changing production plans and eliminating monopolies held by SJC. Despite these challenges, SJC remains committed to achieving its financial targets and expanding its business operations while maintaining its position as a leading enterprise in the industry.

Eleanor Thompson

As a content writer at newslopp.com, I am passionate about transforming ideas into engaging stories that captivate and inform our readers. With a keen eye for detail and a love for crafting compelling narratives, I strive to create content that resonates with our audience and keeps them coming back for more. From breaking news to in-depth features, I am dedicated to delivering high-quality, well-researched articles that spark conversation and inspire thought. My goal is to connect with our readers on a personal level, providing them with valuable insights and fresh perspectives on a wide range of topics. Join me on this exciting journey as we explore the world through the power of words.

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