FPT Software, Julie Sandlau join hands to transform jewelry making
Danish luxury jewelry brand Julie Sandlau will build its first smart manufacturing facility in Vietnam via its new alliance with the country’s leading IT service provider FPT Software.
The two companies signed their strategic partnership on Tuesday in Hanoi within the framework of the Vietnam-Denmark Business Summit Forum 2022.
A Julie Sandlau ring. Photo courtesy of the company.
Through this alliance, FPT Software has become a strategic partner of Julie Sandlau in building the smart facility and transforming the traditional jewelry manufacturing process with digital technologies like robotic process automation, artificial intelligence, and more.
The manufacturing plant is set to be completed by the end of 2023 in Hanoi’s Hoa Lac Hi-tech Park, Vietnam’s first and largest hi-tech industrial park.
The alliance expects to transform Julie Sandlau’s operations and work processes in Vietnam, from human resources and operational management to accounting and so on.
The strategic step will enable the Danish brand to expand its operations to a strategic market like Vietnam and target potential customers here, according to Julie Sandlau.
Julie Sandlau CEO Soren Roed Pedersen said, “For years we have been first movers with our strong focus on environmental, social, and governance, or ESG. We are now ready to start our digital transformation together with FPT and thus further proving the great collaboration between Vietnam and Denmark.
“We have obviously great ambitions for our partnership with FPT as our long-term strategy for Vietnam will develop into much more than just manufacturing,” he said.
Julie Sandlau is FPT Software’s first-ever client in the jewelry manufacturing industry, said FPT Software Europe CEO Hai Le.
On nurturing and developing human resources, FPT Software will transfer expertise and provide comprehensive training to Julie Sandlau employees in Vietnam, with a deep dive into AI applications.
The strategic partnership will allow employees of the two companies to exchange knowledge and experiences, with Julie Sandlau offering fresh graduates from FPT University and FPT Corporation’s staff internship and employment opportunities. The program aims to improve educational quality and develop a guaranteed career path for FPT students and employees.
Vietnam-based FPT Software has some 41,000 employees present in 27 countries. It delivers services in smart factories, digital platforms, robotic process automation, AI, Internet of Things, enterprise mobility, digital product development, cloud, business applications, among others.
Almost 100 of its global customers are Fortune Global 500 companies in aerospace, aviation, manufacturing, automotive, banking, finance, insurance, logistics, transportation, healthcare, retail, energy, and more.
Julie Sandlau launched its Vietnam manufacturing factory, located in Hanoi, in 2010. Meanwhile, Danish company Pandora, the world’s largest jewelry brand by revenue, is investing $100 million in building a new facility in Vietnam as its third manufacturing site and first outside Thailand.
Pandora is set to start this construction in the southern province of Binh Duong in early 2023, with production due to start by the end of 2024.
Danish toy giant Lego Group is also building an advanced factory on a 44-hectare site in the province, with a total of more than $1 billion in investment. The production site is in Vietnam-Singapore Industrial Park III, developed by Vietnam-Singapore Industrial Park Group, a joint venture between Singapore’s Sembcorp Industries and Vietnamese leading industrial developer Becamex.
- Related News
- Read More
Hoiana golf tournament raises $473,000 for disadvantaged children in Quang Nam
Hoiana Resort & Golf has raised over VND1.2 billion ($473,000) from holding a charity golf tournament, aiming to support disadvantaged children in the central province of Quang Nam.
Society - Sun, April 28, 2024 | 7:14 pm GMT+7
Dragon Capital-linked funds raise holding in retailer Mobile World to 6.25%
Six funds related to Dragon Capital, one of major fund management companies in Vietnam, have bought in a combined 4.66 million shares of leading Vietnamese retailer Mobile World Investment Corporation.
Companies - Sun, April 28, 2024 | 4:24 pm GMT+7
Vietnam real estate market can flourish again with shift in focus: experts
New policies, low interest rates, and projects serving real housing needs can see Vietnam’s real estate market recover by the end of 2025 and grow sustainably, experts said.
Real Estate - Sun, April 28, 2024 | 2:50 pm GMT+7
Real estate giant DIC Corp notches biggest quarterly loss since listing
Development Investment Construction JSC (DIC Corp), among Vietnam’s top real estate developers, incurred a loss of VND117.2 billion ($4.62 million) in the first quarter of this year, marking its largest quarterly loss since floating shares in 2009.
Companies - Sun, April 28, 2024 | 2:30 pm GMT+7
Vietnam startup funding down 17% to $529 mln, 3rd in Southeast Asia
Vietnamese startups secured $529 million in total funding in 2023, a 17% decline from the previous year, according to the 2024 Vietnam innovation and tech investment report released Friday.
Investing - Sun, April 28, 2024 | 10:04 am GMT+7
Vietnam’s Eximbank elects third chairperson in three years
Ho Chi Minh City-based Eximbank has elected Nguyen Canh Anh as its chairman for the 2020-2025 term, the third one since early 2022, as the private lender manages to resettle its leadership.
Companies - Sun, April 28, 2024 | 9:38 am GMT+7
Central Vietnam province okays Swiss-invested $126 mln bamboo board factory
Vietnam’s central province of Thanh Hoa has given an in-principle nod for staBoo Thanh Hoa JSC to invest VND3,199 billion ($126 million) in a factory for manufacturing bamboo oriented strand board (bamboo OSB).
Industries - Sun, April 28, 2024 | 7:10 am GMT+7
Revisit A1 Hill: 'Mud, Blood, Flowers'
As the nation approaches the 70th anniversary of the Dien Bien Phu Victory, all eyes are turning towards the westernmost part of the Fatherland – Dien Bien, with profound gratitude.
Travel - Sun, April 28, 2024 | 12:04 am GMT+7
Vietnamese dong to slide further 1% by year-end: Bank of America
The Vietnamese dong, the local currency, is projected to weaken by an additional 1% by the year-end after sliding sharply against the U.S. dollar since the start of this year, according to Bank of America.
Banking - Sat, April 27, 2024 | 10:39 pm GMT+7
Industrial park developer Idico targets 22% profit hike, 40% cash dividend
Leading industrial park developer Idico Corporation has targeted revenues and pre-tax profit of VND8.46 trillion ($334 million) and VND2.5 trillion ($98.7 million) this year, up 13% and 22% year-on-year, respectively.
Companies - Sat, April 27, 2024 | 9:23 pm GMT+7
Indonesia’s coffee exports surpass imports
Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) reported.
Southeast Asia - Sat, April 27, 2024 | 8:53 pm GMT+7
Thai central bank intervenes to stabilise currency
The Bank of Thailand (BoT) said it has intervened in currency markets at times to ease any excessive moves in the THB, adding that the current policy rate is robust and conducive to economic recovery, reported the Bangkok Post.
Southeast Asia - Sat, April 27, 2024 | 8:52 pm GMT+7
Indonesia's first thermal power plant stops operating
Indonesia's Ministry of Maritime Affairs and Fisheries (MMAF) has held a press conference to inform about the country’s progress in the early decommissioning of the Cirebon-1 thermal power plant.
Southeast Asia - Sat, April 27, 2024 | 8:49 pm GMT+7
'Tunnel king' Deo Ca plans to invest over $3.7 bln in building roads
“Tunnel king” Deo Ca Group plans to build about 400 km of highways and ring roads with a total investment of more than VND94,000 billion ($3.7 billion) by 2030.
Companies - Sat, April 27, 2024 | 5:17 pm GMT+7
Real estate major DIC plans high-end medical centers for Vietnam expats
Real estate major DIC Corp has plans to build facilities offering advanced medical care for long-term expat residents in the central province of Thanh Hoa and the southern province of Ba Ria-Vung Tau.
Companies - Sat, April 27, 2024 | 4:40 pm GMT+7
Ponagar Temple Festival 2024 to open in Nha Trang
The Ponagar Temple Festival, a popular traditional cultural event of the ethnic Cham people, will take place on Sunday at the Ponagar Temple Relic Site in Nha Trang town, the central coastal province of Khanh Hoa.
Travel - Sat, April 27, 2024 | 3:05 pm GMT+7
