Building a brand

is not just creating a label

Looking back on the journey to make her company a leading jewellery brand which is gradually conquering the world, PNJ Chairwoman Cao Thi Ngoc Dung shared that brand building is not finished in one day but is a journey, adding that building a brand is not just creating a label but requires a whole strategy.

In 2022, PNJ continued to be honoured with the “Vietnam Value Award” — a programme hosted by the Ministry of Industry and Trade since 2003 to promote the national image through brands of goods and services.

In 2023, PNJ was named among the top 25 brands in consumer and industrial goods and was the only jewellery brand in Vietnam to make the list compiled by Forbes Vietnam.

PNJ’s brand value in 2023 reached 130 million USD, a nearly 2.5-fold increase compared to 2016.

Brand building from the story of PNJ mistaken as a foreign brand

What drove Cao Thi Ngoc Dung to build a brand for PNJ happened in around 1995. At that time, Dung was waiting at an airport and saw a woman with a beautiful necklace. Dung asked the woman where she bought the necklace and she replied that her husband bought it in Dubai. And the woman was very surprised when Dung turned over the tag, which says the necklace was made by PNJ. 

“I suddenly realised that if PNJ continued making good products but not building a brand, then no Vietnamese would know about it. So starting from 1995, PNJ began its brand building journey in a rigorous manner,” shared Dung.

According to Dung, building a brand is not an overnight undertaking but requires a process, just like raising a human. She emphasised that building a brand is not just creating a label but requires a whole strategy.

I suddenly realised that if PNJ continued making good products but not building a brand, then no Vietnamese would know about it. So starting from 1995, PNJ began its brand building journey in a rigorous manner.
PNJ Chairwoman Cao Thi Ngoc Dung

After 35 years of construction, PNJ has become the leading enterprise in Vietnam’s jewellery industry by providing consumers with sophisticated and classy products with value in terms of Material - Aesthetics - Spirituality/Emotion.

PNJ’s brand value in 2023 reached 130 million USD, an increase of nearly 2.5 times compared to 2016.

PNJ focuses on the market and consumers, deeply understanding needs, tastes, and outstanding trends in addition to connecting with target customers and constantly pioneering to make a difference. This is the guideline in the product strategy at PNJ.

PNJ is a jewellery manufacturing unit with advanced production processes and a team of skilled jewellers.

PNJ is a jewellery manufacturing unit with advanced production processes and a team of skilled jewellers.

Putting consumers at the heart, PNJ owns a portfolio of jewellery and accessories products diverse in types, designs and prices, always aiming for the highest reputation in product quality, such as gold of sufficient age, of sufficient weight, or the highest quality diamonds, with clear inspection papers.

PNJ is the leading jewellery manufacturing unit in Vietnam with advanced production processes and a team of skilled jewellers. In addition, PNJ also holds strengths in experience, large-scale production lines, technology application in production and operation, combined with transparent and synchronised business policies nationwide, which is solid leverage to create products that meet national brand standards.

Brand from promoting Vietnamese values

Keeping up with the latest world trends, PNJ’s brand is also established by promoting the original values of Vietnamese culture.

With the advantage of being a Vietnamese brand, PNJ brings cultural features and understanding of the spiritual life of Vietnamese people into creative products. PNJ’s products not only carry aesthetic and fashion values but also carry spiritual, emotional values and pride of the Vietnamese people.

PNJ is also the leading brand in preserving and developing Vietnam’s jewellery industry through nurturing and boosting the talent, creativity and  skills of jewellery artisans, combined with state-of-the-art technology and exquisite craftsmanship.

Life is always changing, society is always evolving, and so are human needs and behaviours. PNJ always observes and learns about changes in customer psychology and behaviour, and new trends and new technology in the world's jewellery and fashion industries to make changes to keep up with the times. The biggest challenge is how to preserve core values when creating those innovations.

All PNJ employees are always required to put customers at the centre of constant innovation and creativity and imbued the core values of Vietnamese culture to maintain the brand's uniqueness, personality and character.

Brand from continuous innovation

To become the leading brand in the Vietnamese jewellery industry, over recent years, PNJ’s board of directors has continuously promoted the process of regenerating the company and repositioning the brand. In recent years, PNJ's branding activities have also created new impressions.

MV “I do” features singer Duc Phuc with the band 911 to subtly spread the value of the sacred proposal moment.

MV “I do” features singer Duc Phuc with the band 911 to subtly spread the value of the sacred proposal moment.

Through changes in brand strategy, PNJ has created needs and oriented customers' consumption habits during special holidays throughout the year, such as “Exchanging moments, marking a lifetime”, notably with the MV “I do”, featuring singer Duc Phuc and the band 911, and subtly spreading the value of the sacred proposal moment.

PNJ's “Thank you for not littering” campaign has had a profound impact on the community.

PNJ's “Thank you for not littering” campaign has had a profound impact on the community.

PNJ also made an impression on Vietnamese Family Day with the campaign "Wear more, touch more", incorporating a message through the MV, touching the feelings of love expressed by singer Truc Nhan.

The “Exchanging moments - Marking a lifetime” Campaign

The “Exchanging moments - Marking a lifetime” Campaign

PNJ has also promoted brand recognition in markets with room for growth through “Jewellery Journey through Vietnam - Radiant beauty in daily life” to bring the PNJ jewellery brand closer to customers and honour the colourful beauty in daily life, inspiring each person to always believe in their own beauty.

Brand from corporate culture

With PNJ, corporate culture has been built since the first days of its establishment, constantly innovated and developed to become the foundation and create motivation for PNJ to be steadfast on the chosen path. The position of the best enterprise in the jewellery industry in the Asia-Pacific region is one of the proofs of the achievements that corporate culture has brought.

Over the past 35 years, PNJ has always considered people to be the most valuable asset of the business. In 2021, when the whole country faced difficulties, PNJ was famous for the values of love, including mutual support and care for relatives and families of officials and staff, as well as the salary regime and other aspects of life. Vaccination activities for the staff were deployed quickly and safely, increasing coverage in the enterprise.

PNJ considers salary and remuneration policies to be the most effective investment factors. Working at PNJ, each member will receive a salary and bonus commensurate with their abilities and competitive with the market. PNJ has always focused on rewarding individuals and units with excellent achievements to motivate its staff to make contributions to the overall development of the company.

With PNJ, corporate culture has been built right from the first days of its establishment.

With PNJ, corporate culture has been built right from the first days of its establishment.

PNJ has been constantly opening training and human resource development programmes to improve skills and knowledge to meet all requirements and adapt to challenges at work while helping each member to firmly achieve their career goals.

Through mass organisations, many activities aimed at workers have been organised regularly, meeting the demand for health care, improving the material and spiritual life of workers and developing pride and cohesion among members.

Brand from social activities

A famous brand needs to have great influence and spread in the community. At PNJ, corporate culture has always been renewed to adapt to each stage of development and support each step of the business to promote PNJ to contribute more value to the community and human development.

Initiated by PNJ in collaboration with the National Fund for Vietnamese Children, the ‘Enhancing awareness of children with autism in Vietnam’ project has entered its 5th year and has gained many positive progresses.

Initiated by PNJ in collaboration with the National Fund for Vietnamese Children, the ‘Enhancing awareness of children with autism in Vietnam’ project has entered its 5th year and has gained many positive progresses.

In recent years, PNJ has further promoted corporate social responsible (CSR) projects. The ‘Enhancing awareness of children with autism in Vietnam’ project, initiated by PNJ in collaboration with the National Fund for Vietnamese Children, has now entered its 5th year and has gained much positive progress. It has also received great attention and support from state agencies and the community. The project is among PNJ's efforts to help children with autism integrate into the community and enjoy a normal life like other children.

Through its ‘Home of Faith’ programme, PNJ has brought spacious new homes to people in difficult circumstances throughout Vietnam, having handed over nearly 500 social houses which were funded by PNJ staff members. The funding comes from the ‘Pink Brick’ programme, which calls for salary contributions from PNJ officers and employees as well as financial contributions from philanthropic individuals and organisations.

The ‘zero-VND’ mini supermarket model which was launched during the COVID-19 pandemic has now become a "key and essential activity" when Tet (Lunar New Year) Festival comes.

The ‘zero-VND’ mini supermarket model which was launched during the COVID-19 pandemic has now become a "key and essential activity" when Tet (Lunar New Year) Festival comes.

In particular, the ‘zero-VND’ mini supermarket model which was launched during the COVID-19 pandemic has now become a “key and essential activity” benefiting hundreds of thousands of disadvantaged people during Tet (Lunar New Year) Festival each year. After 4 years of operation, the model has welcomed more than 200,000 disadvantaged people. More than 100 billion VND has been mobilised from benefactors and sponsors’ contributions under the model. Nearly 100 ‘zero-VND’ mini supermarkets have been opened across the country in both online and offline formats.

National brand - Launching a platform to reach the world

Achieving the national brand title is not only a recognition of the persistent efforts of an enterprise throughout its operation, but also acts as a driving force and a launching pad for them to make breakthroughs in the international market, thus contributing to promoting Vietnam's retail industry to the world.

Enterprises still maintain their focus on domestic market development in parallel with building strategies, promoting existing strengths as leverage, consolidate the image of a high-end brand, the pinnacle of Vietnamese jewellery, pioneering to conquer the world with the vision of becoming the leading company in the Asian jewellery industry in jewellery making and retailing products that honour beauty.

In addition, participating in the programme is a process for businesses to comprehensively evaluate their activities, production and business results and branding strategies through a system of criteria to achieve national branding; Pursue the core values of the programme: Quality - Innovation, Creativity - Pioneering capacity. This is the strategy that any Vietnamese business wants to aim for, in order to develop sustainably, affirm the brand value of domestic businesses and reach the international level.

Five products meeting Vietnamese National Brand quality include: PNJ gold; PNJSilver silver and fashion accessories; high-end jewelry Jewelery; diamond, gemstone, and metal testing services; PNJ Art corporate gifts.

International markets, especially Northern European countries, are extremely strict markets in terms of product standards with strict evaluation by leading industry experts. Currently, PNJ has exported jewelry to 14 countries (England, France, Denmark, Switzerland).

PNJ has excellently achieved the standards and trust of international appraisers because of two major factors: Firstly, PNJ commits to gold content and golden age; and secondly, PNJ enhances its competitive advantage by implementing the ESG strategy.

Titles and awards of Phu Nhuan Jewelry Joint Stock Company (PNJ)

  • Vietnam National Brand for 14 consecutive years.
  • "Top 25 company brands in the field of personal and industrial consumer goods" in 2023 organised by Forbes Vietnam.
  • 2023 Vietnam Creative Advertisements Awards.
  • The only retailer in Vietnam with a strong presence in Asia to be awarded "Marketing Initiative of the Year" in the Retail Asia Awards.
  • Received the Best Retail Marketing award twice in a row at The Marketing Event Awards in the Asia Pacific region.
  • Instant Impact/Promotion Award at MMA Smarties Vietnam 2023.
  • Gold Award at the ASEAN 2023 Excellence in Public Relations event.
  • The project "Zero Tet Mini Supermarket" was awarded the Timely Project award at the Community Action Awards organised by Nhan Dan Newspaper.

Published: March, 2024
Direction: KIM PHUONG BINH-VIET ANH
Content: LE TRAN LONG - BACH KHOI
Design: BAO MINH