Phu Nhuan Jewelry raises $12,000,000

Phu Nhuan Jewelry Joint Stock Company raised $12 million.  Phu Nhuan Jewelry is the leading jewelry manufacturer in Vietnam with 2000 employees, 2 jewelry factories, 13 branches nationwide, with 85 retail shops, and 3000 wholesalers.  Phu Nhuan Jewelry’s revenue in 2007 was approximately $131.9 million. The Company is planning to increase its export revenue by 50% in 2008, focusing in the three new markets: Denmark, Belgium, and France, additionally to the traditional export markets of America and Germany.