4.Thach formula:
- high level of competition: Currently, there are about 8,000 companies operating in the field of manufacturing, trading and export of jewelry. The domestic enterprises are subject to fierce competition with foreign corporations. Since early 2009, the import of cheap jewelry from China, cheap diamond from India has caused great pressure for businesses in the jewelry industry of Vietnam.
- economic situation World and Vietnam are the two biggest impact on revenue and revenue structure of PNJ for jewelry items is not essential needs in the context of people tighten spending. But in exchange, bullion revenue will increase because people and businesses buy from reserve requirements.
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