FPT Software, Julie Sandlau join hands to transform jewelry making

By Thuy Tuong
Wed, November 2, 2022 | 3:55 pm GMT+7

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.

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.

Comments (0)
  • Read More
Vietnam consumer credit enters new growth cycle

Vietnam consumer credit enters new growth cycle

After the decrease in consumer capital demand, negative growth, and peaking bad debts in 2023, Vietnam’s consumer financial market is entering a new growth cycle, backed by positive signs from the macroeconomic environment.

Finance - Sun, February 16, 2025 | 3:19 pm GMT+7

Vietnam property investors seek new opportunities in provincial markets

Vietnam property investors seek new opportunities in provincial markets

Real estate investors in Vietnam, both individuals and organizations, are shifting their investments from city centers to suburban regions and neighboring provinces where land remains abundant and significant investments are being made in infrastructure, particularly in transportation.

Real Estate - Sun, February 16, 2025 | 2:00 pm GMT+7

Five Vietnam pilgrimage destinations perfect for spiritual seekers: Booking.com

Five Vietnam pilgrimage destinations perfect for spiritual seekers: Booking.com

Booking.com, the world's leading digital travel company, has suggested some destinations in Vietnam for those seeking spiritual enrichment and a chance for reflection and connection, including Ba Den mountain and Bai Dinh pagoda.

Travel - Sun, February 16, 2025 | 10:59 am GMT+7

Malaysia takes the lead in data center development

Malaysia takes the lead in data center development

Malaysia is making efforts to align with the global trend towards digitalization, which is driving demand for data centers, cloud computing, blockchain, and artificial intelligence (AI).

Southeast Asia - Sun, February 16, 2025 | 10:57 am GMT+7

WB sees Thai fiscal risks mounting due to spending surge

WB sees Thai fiscal risks mounting due to spending surge

Thailand’s pursuit of an expansionary fiscal policy strategy to propel growth faces the risk of rising costs for elderly care, investment and the need to keep public debt level to sustainable levels, according to the World Bank.

Southeast Asia - Sun, February 16, 2025 | 10:41 am GMT+7

Vietnam mining stocks rally amid global trade tension

Vietnam mining stocks rally amid global trade tension

Shares of Vietnam’s mining companies have rallied since early this month, fueled by heightened global trade tensions following the start of Donald Trump’s second term as the U.S. president.

Finance - Sun, February 16, 2025 | 10:36 am GMT+7

Online purchase below VND2 mln may be exempt from Vietnam import tax

Online purchase below VND2 mln may be exempt from Vietnam import tax

The Vietnamese Ministry of Finance has proposed exempting goods purchased through e-commerce platforms worth no more than VND2 million ($78) from import tariff, with an annual purchase limit of VND96 million ($3,781).

Finance - Sun, February 16, 2025 | 8:00 am GMT+7

Malaysia expected to remain magnet for FDI

Malaysia expected to remain magnet for FDI

Malaysia’s foreign direct investment (FDI) is expected to remain robust in the long term, but there could be repercussions in the short term as investors hold back on their investment decisions amid heightened global uncertainties.

Southeast Asia - Sat, February 15, 2025 | 9:01 pm GMT+7

Laos to build $1.9 bln wind power plant to export electricity to Vietnam

Laos to build $1.9 bln wind power plant to export electricity to Vietnam

The Lao Government and Chitchareune Construction - a Lao builder will jointly build the 1,200 MW Nong wind power plant, with an investment of $1.9 billion, to export electricity to Vietnam.

Energy - Sat, February 15, 2025 | 8:46 pm GMT+7

Malaysia needs more funding for semiconductor sector

Malaysia needs more funding for semiconductor sector

Malaysia needs more funding for the implementation of the National Semiconductor Strategy (NSS) to enhance its competitiveness with neighboring countries, said Penang Chief Minister Chow Kon Yeow.

Southeast Asia - Sat, February 15, 2025 | 4:31 pm GMT+7

Thailand considers easing rules on income from overseas

Thailand considers easing rules on income from overseas

Thailand’s government is considering easing personal income tax rules for individuals’ overseas income to encourage the remittance of those funds back into the country, said a senior official.

Southeast Asia - Sat, February 15, 2025 | 4:29 pm GMT+7

Nissan to close factory in Thailand

Nissan to close factory in Thailand

Japanese automaker Nissan has announced plans to close one of its two automobile factories in Thailand this year, following the collapse of merger talks with Honda.

Southeast Asia - Sat, February 15, 2025 | 4:10 pm GMT+7

Vietcombank leads Vietnamese banks in 2024 pre-tax profit

Vietcombank leads Vietnamese banks in 2024 pre-tax profit

Vietcombank reported a pre-tax profit of VND42.2 trillion ($1.66 billion) last year, ranking as the most profitable Vietnamese lender, according to the Vietnam Banking Association (VNBA).

Banking - Sat, February 15, 2025 | 4:04 pm GMT+7

Vietnam's leading trade firm Hapro appoints new general director

Vietnam's leading trade firm Hapro appoints new general director

Hanoi Trade Corporation (Hapro), a leading producer and exporter of agricultural produces in Vietnam, has appointed deputy general director Duong Thi Lam as general director, effective from March 1, 2025.

Companies - Sat, February 15, 2025 | 2:18 pm GMT+7

Private Vietnamese lender DongA Bank renamed Vikki Bank

Private Vietnamese lender DongA Bank renamed Vikki Bank

DongA Bank, a private lender in Vietnam, has changed its name to Vikki Bank, with approval from the State Bank of Vietnam (SBV).

Banking - Sat, February 15, 2025 | 10:59 am GMT+7

Korea's SK Group seeks partnerships in LNG-fired power projects in Vietnam

Korea's SK Group seeks partnerships in LNG-fired power projects in Vietnam

South Korean chaebol SK Group seeks to jointly build LNG-fired power plants in Vietnam and then develop facilities utilizing electricity generated by those power plants.

Energy - Sat, February 15, 2025 | 9:26 am GMT+7