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Pandora opens $150m factory in Ho Chi Minh City, its first outside Thailand

Danish jewellery maker Pandora opened a $150 million factory in Ho Chi Minh City on 1 October. It is the company's largest plant and its first outside Thailand.

2 outlets · 0L · 2C · 0R First reported Account updated
Image: CNA
Image: South China Morning Post

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The story, neutrally told

Pandora opened a $150 million factory in Ho Chi Minh City on Thursday 1 October, its largest manufacturing site and its first outside Thailand. It is the company's fourth factory worldwide and is expected to raise total manufacturing capacity by around 50 per cent. It is expected to employ 7,000 workers once fully operational and to produce up to 60 million pieces a year. Pandora calls it the world's largest fine jewellery crafting facility.

Until now Pandora has made all its products in Thailand, where it runs three factories. It sold 112 million pieces in 2025. Chief executive Berta de Pablos-Barbier said Vietnam would start at about 15 per cent of global capacity and reach a third by 2030. Asked about trade uncertainty, including the possibility of higher US tariffs on goods made in Vietnam, she said the plant was built "for the next decade, not the next quarter". The United States is Pandora's biggest market.

She said Vietnam stood out for its skilled workforce, jewellery-making tradition, infrastructure and supportive business environment. The plant will serve global demand rather than specific export markets. The site will help expand platinum-plated jewellery, reducing exposure to swings in the silver market. It has LEED Gold certification and will run on renewable electricity, using recycled silver and gold.

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Left0 outlets

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Centre2 outlets

Framing
Both outlets run the same Reuters report as a business milestone: supply-chain diversification and capacity expansion, with the CEO's comments on tariffs. The headlines differ, with CNA stressing scale and SCMP stressing Vietnam's appeal.
Emphasis
Scale, capacity shares, jobs, diversification away from Thailand, sustainability credentials.
Leaves out or plays down
Neither gives independent or critical voices, such as labour, Vietnamese officials or analysts, or detail on tariff exposure.
Charged language
“world's largest”“charms”
For example
“Denmark's Pandora opens world's largest jewellery factory in Vietnam” — CNA
“Vietnam charms Denmark’s Pandora into opening world’s largest jewellery factory” — South China Morning Post

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