VSSES AND PANDORA PARTNER TO ADVANCE THE USE OF RENEWABLE ELECTRICITY FOR PANDORA’S CRAFTING FACILITY IN VIETNAM

On the morning of March 13, 2026, in Ho Chi Minh City, Vietnam Singapore Smart Energy Solutions Joint Stock Company (VSSES) and Pandora Production Vietnam Co., Ltd. signed a Memorandum of Understanding (MoU) to collaborate on utilizing electricity from a solar farm to Pandora’s crafting facility in Vietnam.

Representatives of the two companies at the signing ceremony.

Speaking at the signing ceremony, Mr. Pham Van Thuy, Chief Executive Officer of VSSES, stated that the collaboration marks an important step forward in promoting the use of clean energy in manufacturing activities, while creating opportunities for both parties to implement efficient and sustainable energy solutions.

The MoU outlines that VSSES can supply electricity directly from a solar farm to Pandora’s crafting facility in Vietnam, contributing to the electricity demand for the facility’s operations.

Pandora’s crafting facility in Vietnam is located in VSIP III Industrial Park (formerly Binh Duong Province) with a total investment of over USD 150 million. This is Pandora’s first crafting facility outside Thailand and one of the largest jewelry manufacturing facilities globally. The facility will operate entirely on renewable electricity. Once fully operational, the facility will have a crafting capacity of up to 60 million pieces per year and create up to 7,000 jobs.

Some highlights from the ceremony: