Vietnam’s jewelry manufacturing industry the problem of cost management and profit margin in sakura ltd company

Vietnam’s Jewelry manufacturing industry: the problem of cost management and profit margin in Sakura Ltd Company Instructor: Dr Pham Phu Quoc Student: Nguyen Dong Hai MBA Class 5.2 February 06, 2017 UNIVERSITY OF ECONOMICS HO CHI MINH CITY INTERNATIONAL SCHOOL OF BUSINESS (ISB) Vietnam’s Jewelry manufacturing industry: the problem of cost management and profit margin in Sakura Ltd Company Instructor: Dr Pham Phu Quoc Student: Nguyen Dong Hai MBA Class 5.2 February 06, 2017 TABLE OF CONTENT Introduction Industrial overview and Company background Industrial overview Company background .5 Problem Definition Problems finding process Company’s Symptoms Problem identification 11 Industry and competitors condition 15 Possible reasons of problem 16 Design Solutions and Suggestion .22 Actions Planning .28 Supporting Information Sakura Income Statement of 2013-2014-2015 30 PNJ Income Statement 2013-2014-2015 33 Data collected from competitors (unofficial) 39 a Comparison between Selling Price, Cost of Production and Required Price of some Ring models 40 b Comparison between Selling Price, Cost of Production and Required Price of some Earing models .41 c Comparison between Selling Price, Cost of Production and Required Price of some Bracelet models 42 d Comparison between Selling Price, Cost of Production and Required Price of some Pendant models 43 Interview Framework 44 Transcript and Result of interview 46 Data collected from 276 products of Sakura Jewelry .48 Company Working Card and Suggesting Costing Card 54 Collected Precious stone price during May 2016 to December 2016 57 References EXECUTIVE INFORMATION The jewelry division of Sakura Plastic Company specialized in mass manufacturing high quality golden jewelry based on the combination of high technology machines, saving material cost by reusing waste material of plastic production Furthermore, the raising demand of high quality jewelry products since 2013 in Vietnam also flavors the establishment of this jewelry division The symbol for the success of this division is the continuously increase in revenue and the product of Sakura Jewelry are highly praised by many of its customers Ironically, it is turned out that the division suffered permanent loss since the very first day of business The problem of this division was revealed as its profit margin usually negative during its lifetime due to the ineffective cost management The reasons are dropped down into three majors: not all cost and expenses were realized and allocated to the responsible department, in this case the jewelry division; the selling price of each product does not reflecting its cost, that lead to many product were sold at price lower than their actual costs; and finally, the lacking of time and quality information for the decision making process due to the incompetent accounting department These problems must be solved quickly as it is indeed threatening the survival of this division The first solution is restructuring the company accounting department with more dedicated accountants Their mission is collecting and accounting (especially allocating) all the cost, expenses and revenue in the real-time basis and providing all required information for decision making In the meantime, investing in good Enterprise Resources Planning (ERP) program is another wise move to simplify the accounting process and uniting all the company activities with the less effort Base on the result of the previous steps, the management team will have all required information for decision making, especially pricing strategy This thesis also studies a sample of 276 product models in order to create a method for quickly estimating cost of production and its price before actual production The method is based on the famous model: Sell price = Total estimated cost + required profit margin with the allocation of general cost base on the required time of production for each products It could help the management team realized at least 80% to 90% of the real cost of each product in order to pursue their pricing and other business strategy Company experts could improve this by implementing more advance methods like Activities Base Cost (ABC) or Balance Scorecards Introduction The jewelry manufacturing industry in Vietnam is still considered as “a mystery”, which the full scale and potential of this industry is only based on from the assumption or estimation of experts and authorities rather than reliable statistical data The main power of the market is called “chành”, the middleman who buys jewelry from small manufacturers and resells to other retailers Despite the rapid development of technology, many of Vietnam jewelry manufacturers are still heavily relied on the manual process and labor intensives In fact, most of these manufacturers are family based company that heavily related to the major “chành” of each region However, there are still a few company that strive their best to implementing high technology to this industry, which the most well-know is Phu Nhuan Jewelry Company (PNJ) Sakura Plastic Limited Company (Sakura Ltd.) is a Vietnamese company that specialized in providing processing services and quality plastic products for high technology companies Realizing the potential contribution of high accuracy plastic to jewelry production, in 2013, the company has established its Jewelry Division which focuses on mass producing by machines rather than labor intensive as many traditional Vietnamese jewelry manufacturers The combination of high technology, skillful employees and favorable market condition seems to be a guaranteed success for this division However, it is turned out that the actual production of this division did not meet the expectation The thesis will help this division by finding the true problem, its possible reason and suggesting solution to boost the division as it was supported to be Industry overview and Company background Industry overview The demand for gold in Vietnam expanded by 31% year-on-years in Q4/2015 (to 3.9 tones), yielding a 25% increase in annual demand (to 15.6 tones) and continue to grow (1) This is thanked to the steep drop in Vietnam gold price in 2015, combined with lower inflation and stronger economic growth, improved affordability among the gold-consuming population, especially in jewelry form * At the moment, there are still not any formal statistics data of this industry from any authorized agency or the government so the most reliable is from this World Gold Council Since 2012, due to the restriction of Vietnamese government, the consumption of gold has shifted from gold bar and gold plate into jewelry forms (such as ring, bracelet, medal, small lucky statues…) Collected data from the World Gold Council also revealed that the demand of gold-jewelry of Vietnam has rapidly risen to 4.7 tones in Q1/2016; take the second places in Southeast Asia region Table 1: The gold-jewelry demand of some countries – The World Gold Council Q1 2016 report Table show that in 2015, Vietnam had become one of the most attractive markets for golden jewelry products with the consumption of 15.6 tones of gold This number is greater than some other traditional markets for jewelry such as Sri Lanka, Malaysia and Thailand Moreover, in the first Quarter of 2016, the demand continued to increase while other Asia courtiers were in opposite trend And it is believed that the demand for of Vietnam market will be continued to expand during 2016 The industry is currently dominant by countless local retail stores and small manufacturers that operating on family base In fact, this industry also have big players such as Phu Nhuan Jewelry Joint Stock Company, Doji Jewelry Company or Bao Tin Minh Chau but the number still just a few As Mr Huynh Trung Khanh, representative of the World Gold Council in Vietnam, the industry still promising for all company that could quickly catch up to the raising demand of high quality jewelry Company Background Sakura Limited Company is a Vietnamese company that specialized in plastic injection molding services In 2013, the Jewelry division was established in order to seize the opportunity of the raising demand for jewelry product of Vietnam At this moment, the division have 102 employees with the ability to provide around 1,700-1,900 tael of gold per month This is very impressive as the normal company with similar size could produce 1,3001,500 taels per month but the quality could not be compare to Sakura Jewelry The tael is the traditional trading unit in Vietnam jewelry market; this is an unfair system that exists only to create advantage to the middle man One tael equal 37.5 gram of gold Normally, company price their product based on each individual product like ring, earrings… but the “chành” also count for how much per tael They not pay much attention to the price when they put in order, unless some products have significant higher price When the final products were delivered, they recalculated the average price in tael unit Such as the total package has 100 products with total of VND 60 million and equal 47.5 taels; its average price per tael is VND 1,265,823/taels If the average price per tael seems to be higher, they desperately negotiate or even return the products This in unofficial but the collected data show that the average price for highest quality is around VND 1.5-2 million, and the lowest is around VND 0.8 million per tael, but it is based on the sole decision of them Finally, they also required tax invoice with the detail of price/tael, not the price/products The double pricing standard was used only to make confusion and create better profit of “chành” so they never want to change – This part is the summarize conclusion of many small manufacturers This is unofficial but during the intake time with Sakura Jewelry division, I could see this huge effect to this company pricing strategy From the beginning, there should be question about the reason for a plastic company investing in jewelry manufacturing In fact, thanked to the specialty of Sakura in plastic, it helps speed up the manufacturing process of jewelry from 3D modeling-3D printingPrototype-Waxing-Plastic molding to casting process In fact, with more precise plastic molds technology, it allows Sakura reach to higher level of detail and complicated model Furthermore, unlike others traditional companies, after-casting-product of Sakura required less manual work, it means less waste of gold and higher production rate Despite of the success of this company on producing, the financial report tells another story Company profit still not improves even though 2014 and 2015 seem to be very successful year for both two main divisions After carefully study the company year-end report, the co-owner and CFO of this company, Mr Nguyen Thanh Nhan, found that the reason lie on the Jewelry Division Unlike the rapidly increase of its revenue, this division 51 Support Information 7: Data collected from 276 products No 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Model F0S_012-Bracelet-Blue Topaz-14K F0S_012-Bracelet-Blue Topaz-18K F0S_012-Bracelet-Red-14K F0S_012-Bracelet-Red-18K F0S_012-Bracelet-White-14K F0S_012-Bracelet-White-18K F0S_013-Bracelet-Blue Topaz-14K F0S_013-Bracelet-Blue Topaz-18K F0S_013-Bracelet-Red-14K F0S_013-Bracelet-Red-18K F0S_013-Bracelet-White-14K F0S_013-Bracelet-White-18K F0S_014-Bracelet-Blue Topaz-14K F0S_014-Bracelet-Blue Topaz-18K F0S_014-Bracelet-Red-14K F0S_014-Bracelet-Red-18K F0S_014-Bracelet-White-14K F0S_014-Bracelet-White-18K FAS_184-Bracelet-Blue Topaz-14K FAS_184-Bracelet-Blue Topaz-18K FAS_184-Bracelet-Red-14K FAS_184-Bracelet-Red-18K FAS_184-Bracelet-White-14K FAS_184-Bracelet-White-18K FAS_191-Bracelet-Blue Topaz-14K FAS_191-Bracelet-Blue Topaz-18K FAS_191-Bracelet-Red-14K FAS_191-Bracelet-Red-18K FAS_191-Bracelet-White-14K FAS_191-Bracelet-White-18K FAS_197-Bracelet-Blue Topaz-14K FAS_197-Bracelet-Blue Topaz-18K FAS_197-Bracelet-Red-14K FAS_197-Bracelet-Red-18K FAS_197-Bracelet-White-14K FAS_197-Bracelet-White-18K FAS_207-Bracelet-Blue Topaz-14K FAS_207-Bracelet-Blue Topaz-18K FAS_207-Bracelet-Red-14K FAS_207-Bracelet-Red-18K FAS_207-Bracelet-White-14K FAS_207-Bracelet-White-18K FCS_323-Bracelet-Blue Topaz-14K Type Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Color Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Price (VND) 545,000 560,000 545,000 560,000 535,000 550,000 575,000 590,000 575,000 590,000 565,000 580,000 785,000 800,000 785,000 800,000 775,000 790,000 140,000 155,000 140,000 155,000 130,000 145,000 115,000 130,000 115,000 130,000 105,000 120,000 135,000 150,000 135,000 150,000 125,000 140,000 135,000 150,000 135,000 150,000 125,000 140,000 315,000 Discounted Price (assume 5%) 517,750 532,000 517,750 532,000 508,250 522,500 546,250 560,500 546,250 560,500 536,750 551,000 745,750 760,000 745,750 760,000 736,250 750,500 133,000 147,250 133,000 147,250 123,500 137,750 109,250 123,500 109,250 123,500 99,750 114,000 128,250 142,500 128,250 142,500 118,750 133,000 128,250 142,500 128,250 142,500 118,750 133,000 299,250 Complicated Level Gold Per (1 easy; 2: normal; 3:hard) Stone Price Normal 2 2 2 2 2 2 3 3 3 1 1 1 1 1 1 1 1 1 1 1 1 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 16,550 16,550 16,550 16,550 16,550 16,550 16,450 16,450 16,450 16,450 16,450 16,450 18,000 18,000 18,000 18,000 18,000 18,000 9,000 9,000 9,000 9,000 9,000 9,000 4,650 4,650 4,650 4,650 4,650 4,650 2,750 2,750 2,750 2,750 2,750 2,750 5,250 5,250 5,250 5,250 5,250 5,250 15,650 Master 220,688 222,400 200,800 196,000 180,000 180,000 189,176 208,258 179,600 178,200 160,000 160,000 350,400 319,600 315,000 300,000 270,000 270,000 67,064 67,912 64,400 65,200 60,000 60,000 57,236 56,951 54,800 53,900 50,000 50,000 65,158 65,410 60,320 62,840 56,000 56,000 68,438 69,277 62,120 62,480 56,000 56,000 182,400 Fixed Time to Cost&Expenses allocated Finish (hours) 14 14 14 14 14 14 14 14 14 14 14 14 21 21 21 21 21 21 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 ############## 333,333 350,000 333,333 350,000 333,333 350,000 333,333 350,000 333,333 350,000 333,333 350,000 411,765 424,242 411,765 424,242 411,765 424,242 134,615 140,000 134,615 140,000 134,615 140,000 134,615 140,000 134,615 140,000 134,615 140,000 134,615 140,000 134,615 140,000 134,615 140,000 134,615 140,000 134,615 140,000 134,615 140,000 134,615 Cost of Production Required Price (10% return) 570,571 588,950 550,683 562,550 529,883 546,550 538,959 574,708 529,383 544,650 509,783 526,450 780,165 761,842 744,765 742,242 699,765 712,242 210,679 216,912 208,015 214,200 203,615 209,000 196,501 201,601 194,065 198,550 189,265 194,650 202,524 208,160 197,685 205,590 193,365 198,750 208,303 214,527 201,985 207,730 195,865 201,250 332,665 627,628 647,845 605,752 618,805 582,872 601,205 592,855 632,179 582,322 599,115 560,762 579,095 858,181 838,027 819,241 816,467 769,741 783,467 231,747 238,603 228,817 235,620 223,977 229,900 216,152 221,761 213,472 218,405 208,192 214,115 222,776 228,976 217,454 226,149 212,702 218,625 229,134 235,979 222,184 228,503 215,452 221,375 365,932 Loss/Profit Margin (VND/pcs) (52,821) (56,950) (32,933) (30,550) (21,633) (24,050) 7,291 (14,208) 16,867 15,850 26,967 24,550 (34,415) (1,842) 985 17,758 36,485 38,258 (77,679) (69,662) (75,015) (66,950) (80,115) (71,250) (87,251) (78,101) (84,815) (75,050) (89,515) (80,650) (74,274) (65,660) (69,435) (63,090) (74,615) (65,750) (80,053) (72,027) (73,735) (65,230) (77,115) (68,250) (33,415) Price Difference (109,878) (115,845) (88,002) (86,805) (74,622) (78,705) (46,605) (71,679) (36,072) (38,615) (24,012) (28,095) (112,431) (78,027) (73,491) (56,467) (33,491) (32,967) (98,747) (91,353) (95,817) (88,370) (100,477) (92,150) (106,902) (98,261) (104,222) (94,905) (108,442) (100,115) (94,526) (86,476) (89,204) (83,649) (93,952) (85,625) (100,884) (93,479) (93,934) (86,003) (96,702) (88,375) (66,682) 52 No 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 Model FCS_323-Bracelet-Blue Topaz-18K FCS_323-Bracelet-Red-14K FCS_323-Bracelet-Red-18K FCS_323-Bracelet-White-14K FCS_323-Bracelet-White-18K FPS_029-Bracelet-Blue Topaz-14K FPS_029-Bracelet-Blue Topaz-18K FPS_029-Bracelet-Red-14K FPS_029-Bracelet-Red-18K FPS_029-Bracelet-White-14K FPS_029-Bracelet-White-18K FPS_035-Bracelet-Blue Topaz-14K FPS_035-Bracelet-Blue Topaz-18K FPS_035-Bracelet-Red-14K FPS_035-Bracelet-Red-18K FPS_035-Bracelet-White-14K FPS_035-Bracelet-White-18K FPS_041-Bracelet-Blue Topaz-14K FPS_041-Bracelet-Blue Topaz-18K FPS_041-Bracelet-Red-14K FPS_041-Bracelet-Red-18K FPS_041-Bracelet-White-14K FPS_041-Bracelet-White-18K FPS_042-Bracelet-Blue Topaz-14K FPS_042-Bracelet-Blue Topaz-18K FPS_042-Bracelet-Red-14K FPS_042-Bracelet-Red-18K FPS_042-Bracelet-White-14K FPS_042-Bracelet-White-18K FPS_056-Bracelet-Blue Topaz-14K FPS_056-Bracelet-Blue Topaz-18K FPS_056-Bracelet-Red-14K FPS_056-Bracelet-Red-18K FPS_056-Bracelet-White-14K FPS_056-Bracelet-White-18K FPS_059-Bracelet-Blue Topaz-14K FPS_059-Bracelet-Blue Topaz-18K FPS_059-Bracelet-Red-14K FPS_059-Bracelet-Red-18K FPS_059-Bracelet-White-14K FPS_059-Bracelet-White-18K F0S_012-Earing-Blue Topaz-14K F0S_012-Earing-Blue Topaz-18K F0S_012-Earing-Red-14K F0S_012-Earing-Red-18K Type Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Bracelet Earing Earing Earing Earing Color Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red Price (VND) 330,000 315,000 330,000 305,000 320,000 505,000 520,000 505,000 520,000 495,000 510,000 645,000 660,000 645,000 660,000 635,000 650,000 545,000 560,000 545,000 560,000 535,000 550,000 665,000 680,000 665,000 680,000 655,000 670,000 555,000 570,000 555,000 570,000 545,000 560,000 685,000 700,000 685,000 700,000 675,000 690,000 165,000 175,000 165,000 175,000 Discounted Price (assume 5%) 313,500 299,250 313,500 289,750 304,000 479,750 494,000 479,750 494,000 470,250 484,500 612,750 627,000 612,750 627,000 603,250 617,500 517,750 532,000 517,750 532,000 508,250 522,500 631,750 646,000 631,750 646,000 622,250 636,500 527,250 541,500 527,250 541,500 517,750 532,000 650,750 665,000 650,750 665,000 641,250 655,500 156,750 166,250 156,750 166,250 Complicated Level Gold Per (1 easy; 2: normal; 3:hard) Stone Price Normal 1 1 2 2 2 3 3 3 2 2 2 3 3 3 2 2 2 3 3 3 2 2 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 15,650 15,650 15,650 15,650 15,650 13,350 13,350 13,350 13,350 13,350 13,350 15,500 15,500 15,500 15,500 15,500 15,500 10,850 10,850 10,850 10,850 10,850 10,850 13,100 13,100 13,100 13,100 13,100 13,100 19,850 19,850 19,850 19,850 19,850 19,850 21,250 21,250 21,250 21,250 21,250 21,250 6,150 6,150 6,150 6,150 Master 182,138 160,000 168,750 145,000 145,000 208,328 201,930 179,600 181,000 160,000 160,000 249,075 231,680 228,250 216,000 195,000 195,000 203,372 211,590 185,200 186,600 160,000 160,000 253,856 245,630 221,600 227,000 200,000 200,000 187,076 195,109 180,650 180,650 155,000 155,000 231,750 249,075 212,500 228,250 195,000 195,000 76,862 73,447 72,650 69,950 Fixed Time to Cost&Expenses Required Cost of allocated Finish Price (10% Production (hours) return) 11 11 11 11 11 14 14 14 14 14 14 21 21 21 21 21 21 14 14 14 14 14 14 21 21 21 21 21 21 14 14 14 14 14 14 21 21 21 21 21 21 8 8 ############## 140,000 134,615 140,000 134,615 140,000 333,333 350,000 333,333 350,000 333,333 350,000 411,765 424,242 411,765 424,242 411,765 424,242 333,333 350,000 333,333 350,000 333,333 350,000 411,765 424,242 411,765 424,242 411,765 424,242 333,333 350,000 333,333 350,000 333,333 350,000 411,765 424,242 411,765 424,242 411,765 424,242 87,500 93,333 87,500 93,333 337,788 310,265 324,400 295,265 300,650 555,011 565,280 526,283 544,350 506,683 523,350 676,340 671,422 655,515 655,742 622,265 634,742 547,555 572,440 529,383 547,450 504,183 520,850 678,721 682,972 646,465 664,342 624,865 637,342 540,259 564,959 533,833 550,500 508,183 524,850 664,765 694,567 645,515 673,742 628,015 640,492 170,512 172,930 166,300 169,433 371,566 341,292 356,840 324,792 330,715 610,512 621,808 578,912 598,785 557,352 575,685 743,974 738,565 721,066 721,317 684,491 698,217 602,311 629,684 582,322 602,195 554,602 572,935 746,593 751,270 711,111 730,777 687,351 701,077 594,285 621,454 587,217 605,550 559,002 577,335 731,241 764,024 710,066 741,117 690,816 704,542 187,563 190,223 182,930 186,377 Loss/Profit Margin (VND/pcs) (24,288) (11,015) (10,900) (5,515) 3,350 (75,261) (71,280) (46,533) (50,350) (36,433) (38,850) (63,590) (44,422) (42,765) (28,742) (19,015) (17,242) (29,805) (40,440) (11,633) (15,450) 4,067 1,650 (46,971) (36,972) (14,715) (18,342) (2,615) (842) (13,009) (23,459) (6,583) (9,000) 9,567 7,150 (14,015) (29,567) 5,235 (8,742) 13,235 15,008 (13,762) (6,680) (9,550) (3,183) Price Difference (58,066) (42,042) (43,340) (35,042) (26,715) (130,762) (127,808) (99,162) (104,785) (87,102) (91,185) (131,224) (111,565) (108,316) (94,317) (81,241) (80,717) (84,561) (97,684) (64,572) (70,195) (46,352) (50,435) (114,843) (105,270) (79,361) (84,777) (65,101) (64,577) (67,035) (79,954) (59,967) (64,050) (41,252) (45,335) (80,491) (99,024) (59,316) (76,117) (49,566) (49,042) (30,813) (23,973) (26,180) (20,127) 53 No 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 Model F0S_012-Earing-White-14K F0S_012-Earing-White-18K F0S_013-Earing-Blue Topaz-14K F0S_013-Earing-Blue Topaz-18K F0S_013-Earing-Red-14K F0S_013-Earing-Red-18K F0S_013-Earing-White-14K F0S_013-Earing-White-18K F0S_014-Earing-Blue Topaz-14K F0S_014-Earing-Blue Topaz-18K F0S_014-Earing-Red-14K F0S_014-Earing-Red-18K F0S_014-Earing-White-14K F0S_014-Earing-White-18K FPS_029-Earing-Blue Topaz-14K FPS_029-Earing-Blue Topaz-18K FPS_029-Earing-Red-14K FPS_029-Earing-Red-18K FPS_029-Earing-White-14K FPS_029-Earing-White-18K FPS_035-Earing-Blue Topaz-14K FPS_035-Earing-Blue Topaz-18K FPS_035-Earing-Red-14K FPS_035-Earing-Red-18K FPS_035-Earing-White-14K FPS_035-Earing-White-18K FPS_041-Earing-Blue Topaz-14K FPS_041-Earing-Blue Topaz-18K FPS_041-Earing-Red-14K FPS_041-Earing-Red-18K FPS_041-Earing-White-14K FPS_041-Earing-White-18K FPS_042-Earing-Blue Topaz-14K FPS_042-Earing-Blue Topaz-18K FPS_042-Earing-Red-14K FPS_042-Earing-Red-18K FPS_042-Earing-White-14K FPS_042-Earing-White-18K FPS_056-Earing-Blue Topaz-14K FPS_056-Earing-Blue Topaz-18K FPS_056-Earing-Red-14K FPS_056-Earing-Red-18K FPS_056-Earing-White-14K FPS_056-Earing-White-18K FPS_059-Earing-Blue Topaz-14K FPS_059-Earing-Blue Topaz-18K FPS_059-Earing-Red-14K FPS_059-Earing-Red-18K Type Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Earing Color White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red Price (VND) 155,000 165,000 190,000 200,000 190,000 200,000 180,000 190,000 130,000 140,000 130,000 140,000 120,000 130,000 155,000 165,000 155,000 165,000 145,000 155,000 205,000 215,000 205,000 215,000 195,000 205,000 225,000 235,000 225,000 235,000 215,000 225,000 185,000 195,000 185,000 195,000 175,000 185,000 175,000 185,000 175,000 185,000 165,000 175,000 190,000 200,000 190,000 200,000 Discounted Price (assume 5%) 147,250 156,750 180,500 190,000 180,500 190,000 171,000 180,500 123,500 133,000 123,500 133,000 114,000 123,500 147,250 156,750 147,250 156,750 137,750 147,250 194,750 204,250 194,750 204,250 185,250 194,750 213,750 223,250 213,750 223,250 204,250 213,750 175,750 185,250 175,750 185,250 166,250 175,750 166,250 175,750 166,250 175,750 156,750 166,250 180,500 190,000 180,500 190,000 Complicated Level Gold Per (1 easy; 2: normal; 3:hard) Stone Price Normal 2 2 2 2 3 3 3 2 2 2 3 3 3 2 2 2 3 3 3 2 2 2 3 3 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 6,150 6,150 3,600 3,600 3,600 3,600 3,600 3,600 4,200 4,200 4,200 4,200 4,200 4,200 5,500 5,500 5,500 5,500 5,500 5,500 8,450 8,450 8,450 8,450 8,450 8,450 5,800 5,800 5,800 5,800 5,800 5,800 7,500 7,500 7,500 7,500 7,500 7,500 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 Master 65,000 65,000 89,966 80,632 79,800 77,200 72,000 72,000 65,946 62,134 59,270 57,620 53,000 53,000 73,812 66,786 65,220 63,320 58,000 58,000 89,306 89,950 81,880 81,360 72,000 72,000 98,322 98,133 90,560 93,710 83,000 83,000 80,003 77,420 73,100 69,500 65,000 65,000 79,664 77,907 72,800 75,680 68,000 68,000 86,394 85,042 79,280 81,360 Fixed Time to Cost&Expenses allocated Finish (hours) 8 8 8 8 14 14 14 14 14 14 8 8 8 14 14 14 14 14 14 8 8 8 14 14 14 14 14 14 8 8 8 14 14 14 14 ############## 87,500 93,333 87,500 93,333 87,500 93,333 87,500 93,333 93,333 100,000 93,333 100,000 93,333 100,000 87,500 93,333 87,500 93,333 87,500 93,333 93,333 100,000 93,333 100,000 93,333 100,000 87,500 93,333 87,500 93,333 87,500 93,333 93,333 100,000 93,333 100,000 93,333 100,000 87,500 93,333 87,500 93,333 87,500 93,333 93,333 100,000 93,333 100,000 Cost of Production Required Price (10% return) 158,650 164,483 181,066 177,565 170,900 174,133 163,100 168,933 163,479 166,334 156,803 161,820 150,533 157,200 166,812 165,619 158,220 162,153 151,000 156,833 191,089 198,400 183,663 189,810 173,783 180,450 191,622 197,266 183,860 192,843 176,300 182,133 180,836 184,920 173,933 177,000 165,833 172,500 171,964 176,041 165,100 173,813 160,300 166,133 184,527 189,842 177,413 186,160 174,515 180,932 199,173 195,322 187,990 191,547 179,410 185,827 179,827 182,968 172,484 178,002 165,587 172,920 183,493 182,181 174,042 178,369 166,100 172,517 210,198 218,240 202,030 208,791 191,162 198,495 210,784 216,993 202,246 212,128 193,930 200,347 198,920 203,412 191,327 194,700 182,417 189,750 189,160 193,645 181,610 191,195 176,330 182,747 202,980 208,826 195,155 204,776 Loss/Profit Margin (VND/pcs) (11,400) (7,733) (566) 12,435 9,600 15,867 7,900 11,567 (39,979) (33,334) (33,303) (28,820) (36,533) (33,700) (19,562) (8,869) (10,970) (5,403) (13,250) (9,583) 3,661 5,850 11,087 14,440 11,467 14,300 22,128 25,984 29,890 30,407 27,950 31,617 (5,086) 330 1,817 8,250 417 3,250 (5,714) (291) 1,150 1,937 (3,550) 117 (4,027) 158 3,087 3,840 Price Difference (27,265) (24,182) (18,673) (5,322) (7,490) (1,547) (8,410) (5,327) (56,327) (49,968) (48,984) (45,002) (51,587) (49,420) (36,243) (25,431) (26,792) (21,619) (28,350) (25,267) (15,448) (13,990) (7,280) (4,541) (5,912) (3,745) 2,966 6,257 11,504 11,122 10,320 13,403 (23,170) (18,162) (15,577) (9,450) (16,167) (14,000) (22,910) (17,895) (15,360) (15,445) (19,580) (16,497) (22,480) (18,826) (14,655) (14,776) 54 No 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 Model FPS_059-Earing-White-14K FPS_059-Earing-White-18K F0S_012-Pendant-Blue Topaz-14K F0S_012-Pendant-Blue Topaz-18K F0S_012-Pendant-Red-14K F0S_012-Pendant-Red-18K F0S_012-Pendant-White-14K F0S_012-Pendant-White-18K F0S_013-Pendant-Blue Topaz-14K F0S_013-Pendant-Blue Topaz-18K F0S_013-Pendant-Red-14K F0S_013-Pendant-Red-18K F0S_013-Pendant-White-14K F0S_013-Pendant-White-18K F0S_014-Pendant-Blue Topaz-14K F0S_014-Pendant-Blue Topaz-18K F0S_014-Pendant-Red-14K F0S_014-Pendant-Red-18K F0S_014-Pendant-White-14K F0S_014-Pendant-White-18K FPS_029-Pendant-Blue Topaz-14K FPS_029-Pendant-Blue Topaz-18K FPS_029-Pendant-Red-14K FPS_029-Pendant-Red-18K FPS_029-Pendant-White-14K FPS_029-Pendant-White-18K FPS_035-Pendant-Blue Topaz-14K FPS_035-Pendant-Blue Topaz-18K FPS_035-Pendant-Red-14K FPS_035-Pendant-Red-18K FPS_035-Pendant-White-14K FPS_035-Pendant-White-18K FPS_041-Pendant-Blue Topaz-14K FPS_041-Pendant-Blue Topaz-18K FPS_041-Pendant-Red-14K FPS_041-Pendant-Red-18K FPS_041-Pendant-White-14K FPS_041-Pendant-White-18K FPS_042-Pendant-Blue Topaz-14K FPS_042-Pendant-Blue Topaz-18K FPS_042-Pendant-Red-14K FPS_042-Pendant-Red-18K FPS_042-Pendant-White-14K FPS_042-Pendant-White-18K FPS_056-Pendant-Blue Topaz-14K FPS_056-Pendant-Blue Topaz-18K Type Earing Earing Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Color White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Price (VND) 180,000 190,000 225,000 235,000 225,000 235,000 215,000 225,000 255,000 265,000 255,000 265,000 245,000 255,000 165,000 175,000 165,000 175,000 155,000 165,000 235,000 245,000 235,000 245,000 225,000 235,000 235,000 245,000 235,000 245,000 225,000 235,000 245,000 255,000 245,000 255,000 235,000 245,000 205,000 215,000 205,000 215,000 195,000 205,000 200,000 210,000 Discounted Price (assume 5%) 171,000 180,500 213,750 223,250 213,750 223,250 204,250 213,750 242,250 251,750 242,250 251,750 232,750 242,250 156,750 166,250 156,750 166,250 147,250 156,750 223,250 232,750 223,250 232,750 213,750 223,250 223,250 232,750 223,250 232,750 213,750 223,250 232,750 242,250 232,750 242,250 223,250 232,750 194,750 204,250 194,750 204,250 185,250 194,750 190,000 199,500 Complicated Level Gold Per (1 easy; 2: normal; 3:hard) Stone Price Normal 3 2 2 2 2 2 2 1 1 1 2 2 2 3 3 3 2 2 2 2 2 2 2 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 4,800 4,800 6,500 6,500 6,500 6,500 6,500 6,500 7,950 7,950 7,950 7,950 7,950 7,950 5,150 5,150 5,150 5,150 5,150 5,150 7,750 7,750 7,750 7,750 7,750 7,750 7,300 7,300 7,300 7,300 7,300 7,300 9,200 9,200 9,200 9,200 9,200 9,200 5,400 5,400 5,400 5,400 5,400 5,400 4,000 4,000 Master 72,000 72,000 96,705 95,354 86,700 87,280 78,000 78,000 104,402 107,598 98,880 96,840 88,000 88,000 78,126 78,218 73,820 71,980 66,000 66,000 107,060 101,896 93,160 93,780 82,000 82,000 102,696 101,896 90,680 88,820 82,000 82,000 103,516 100,388 95,240 96,560 86,000 86,000 88,970 93,986 82,700 87,260 77,000 77,000 84,542 89,337 Fixed Time to Cost&Expenses allocated Finish (hours) 14 14 11 11 11 11 11 11 11 11 11 11 11 11 8 8 8 11 11 11 11 11 11 21 21 21 21 21 21 11 11 11 11 11 11 11 11 11 11 11 11 11 11 ############## 93,333 100,000 127,273 140,000 127,273 140,000 127,273 140,000 127,273 140,000 127,273 140,000 127,273 140,000 116,667 127,273 116,667 127,273 116,667 127,273 127,273 140,000 127,273 140,000 127,273 140,000 155,556 155,556 155,556 155,556 155,556 155,556 127,273 140,000 127,273 140,000 127,273 140,000 127,273 140,000 127,273 140,000 127,273 140,000 127,273 140,000 Cost of Production Required Price (10% return) 170,133 176,800 230,478 241,854 220,473 233,780 211,773 224,500 239,624 255,548 234,103 244,790 223,223 235,950 199,942 210,640 195,637 204,403 187,817 198,423 242,083 249,646 228,183 241,530 217,023 229,750 265,551 264,751 253,536 251,676 244,856 244,856 239,989 249,588 231,713 245,760 222,473 235,200 221,643 239,386 215,373 232,660 209,673 222,400 215,815 233,337 187,147 194,480 253,526 266,039 242,520 257,158 232,950 246,950 263,587 281,102 257,513 269,269 245,545 259,545 219,936 231,704 215,200 224,843 206,598 218,265 266,291 274,610 251,001 265,683 238,725 252,725 292,106 291,226 278,889 276,843 269,341 269,341 263,988 274,547 254,884 270,336 244,720 258,720 243,807 263,325 236,910 255,926 230,640 244,640 237,397 256,670 Loss/Profit Margin (VND/pcs) 867 3,700 (16,728) (18,604) (6,723) (10,530) (7,523) (10,750) 2,626 (3,798) 8,147 6,960 9,527 6,300 (43,192) (44,390) (38,887) (38,153) (40,567) (41,673) (18,833) (16,896) (4,933) (8,780) (3,273) (6,500) (42,301) (32,001) (30,286) (18,926) (31,106) (21,606) (7,239) (7,338) 1,037 (3,510) 777 (2,450) (26,893) (35,136) (20,623) (28,410) (24,423) (27,650) (25,815) (33,837) Price Difference (16,147) (13,980) (39,776) (42,789) (28,770) (33,908) (28,700) (33,200) (21,337) (29,352) (15,263) (17,519) (12,795) (17,295) (63,186) (65,454) (58,450) (58,593) (59,348) (61,515) (43,041) (41,860) (27,751) (32,933) (24,975) (29,475) (68,856) (58,476) (55,639) (44,093) (55,591) (46,091) (31,238) (32,297) (22,134) (28,086) (21,470) (25,970) (49,057) (59,075) (42,160) (51,676) (45,390) (49,890) (47,397) (57,170) 55 No 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 Model FPS_056-Pendant-Red-14K FPS_056-Pendant-Red-18K FPS_056-Pendant-White-14K FPS_056-Pendant-White-18K FPS_059-Pendant-Blue Topaz-14K FPS_059-Pendant-Blue Topaz-18K FPS_059-Pendant-Red-14K FPS_059-Pendant-Red-18K FPS_059-Pendant-White-14K FPS_059-Pendant-White-18K F0S_012-Ring-Blue Topaz-14K F0S_012-Ring-Blue Topaz-18K F0S_012-Ring-Red-14K F0S_012-Ring-Red-18K F0S_012-Ring-White-14K F0S_012-Ring-White-18K F0S_013-Ring-Blue Topaz-14K F0S_013-Ring-Blue Topaz-18K F0S_013-Ring-Red-14K F0S_013-Ring-Red-18K F0S_013-Ring-White-14K F0S_013-Ring-White-18K F0S_014-Ring-Blue Topaz-14K F0S_014-Ring-Blue Topaz-18K F0S_014-Ring-Red-14K F0S_014-Ring-Red-18K F0S_014-Ring-White-14K F0S_014-Ring-White-18K FAS_184-Ring-Blue Topaz-14K FAS_184-Ring-Blue Topaz-18K FAS_184-Ring-Red-14K FAS_184-Ring-Red-18K FAS_184-Ring-White-14K FAS_184-Ring-White-18K FAS_191-Ring-Blue Topaz-14K FAS_191-Ring-Blue Topaz-18K FAS_191-Ring-Red-14K FAS_191-Ring-Red-18K FAS_191-Ring-White-14K FAS_191-Ring-White-18K FAS_197-Ring-Blue Topaz-14K FAS_197-Ring-Blue Topaz-18K FAS_197-Ring-Red-14K FAS_197-Ring-Red-18K FAS_197-Ring-White-14K Type Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Pendant Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Color Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White Price (VND) 200,000 210,000 190,000 200,000 195,000 205,000 195,000 205,000 185,000 195,000 190,000 200,000 190,000 200,000 180,000 190,000 195,000 205,000 195,000 205,000 185,000 195,000 130,000 140,000 130,000 140,000 120,000 130,000 140,000 150,000 140,000 150,000 130,000 140,000 115,000 125,000 115,000 125,000 105,000 115,000 135,000 145,000 135,000 145,000 125,000 Discounted Price (assume 5%) 190,000 199,500 180,500 190,000 185,250 194,750 185,250 194,750 175,750 185,250 180,500 190,000 180,500 190,000 171,000 180,500 185,250 194,750 185,250 194,750 175,750 185,250 123,500 133,000 123,500 133,000 114,000 123,500 133,000 142,500 133,000 142,500 123,500 133,000 109,250 118,750 109,250 118,750 99,750 109,250 128,250 137,750 128,250 137,750 118,750 Complicated Level Gold Per (1 easy; 2: normal; 3:hard) Stone Price Normal 2 2 1 1 1 2 2 2 2 2 2 3 3 3 1 1 1 1 1 1 1 1 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 4,000 4,000 4,000 4,000 5,350 5,350 5,350 5,350 5,350 5,350 7,400 7,400 7,400 7,400 7,400 7,400 7,350 7,350 7,350 7,350 7,350 7,350 3,400 3,400 3,400 3,400 3,400 3,400 3,900 3,900 3,900 3,900 3,900 3,900 2,600 2,600 2,600 2,600 2,600 2,600 4,750 4,750 4,750 4,750 4,750 Master 80,320 78,760 72,000 72,000 91,162 91,178 81,880 81,360 72,000 72,000 80,570 90,574 78,240 80,320 72,000 72,000 81,605 77,200 75,500 75,000 70,000 70,000 65,843 61,552 61,300 59,200 55,000 55,000 67,155 74,764 64,070 66,020 59,000 59,000 63,164 56,487 56,580 54,100 51,000 51,000 65,747 64,567 59,780 59,440 54,000 Fixed Time to Cost&Expenses allocated Finish (hours) 11 11 11 11 8 8 8 8 8 8 8 8 8 14 14 14 14 14 14 5 5 5 5 5 5 5 5 ############## 127,273 140,000 127,273 140,000 116,667 127,273 116,667 127,273 116,667 127,273 87,500 100,000 87,500 100,000 87,500 100,000 87,500 100,000 87,500 100,000 87,500 100,000 116,667 127,273 116,667 127,273 116,667 127,273 70,000 77,778 70,000 77,778 70,000 77,778 70,000 77,778 70,000 77,778 70,000 77,778 70,000 77,778 70,000 77,778 70,000 Cost of Production Required Price (10% return) 211,593 222,760 203,273 216,000 213,179 223,800 203,897 213,983 194,017 204,623 175,470 197,974 173,140 187,720 166,900 179,400 176,455 184,550 170,350 182,350 164,850 177,350 185,910 192,225 181,367 189,873 175,067 185,673 141,055 156,442 137,970 147,698 132,900 140,678 135,764 136,865 129,180 134,478 123,600 131,378 140,497 147,095 134,530 141,968 128,750 232,752 245,036 223,600 237,600 234,497 246,180 224,286 235,381 213,418 225,085 193,017 217,772 190,454 206,492 183,590 197,340 194,101 203,005 187,385 200,585 181,335 195,085 204,501 211,447 199,503 208,860 192,573 204,240 155,160 172,086 151,767 162,468 146,190 154,746 149,341 150,551 142,098 147,926 135,960 144,516 154,547 161,804 147,983 156,165 141,625 Loss/Profit Margin (VND/pcs) (21,593) (23,260) (22,773) (26,000) (27,929) (29,050) (18,647) (19,233) (18,267) (19,373) 5,030 (7,974) 7,360 2,280 4,100 1,100 8,795 10,200 14,900 12,400 10,900 7,900 (62,410) (59,225) (57,867) (56,873) (61,067) (62,173) (8,055) (13,942) (4,970) (5,198) (9,400) (7,678) (26,514) (18,115) (19,930) (15,728) (23,850) (22,128) (12,247) (9,345) (6,280) (4,218) (10,000) Price Difference (42,752) (45,536) (43,100) (47,600) (49,247) (51,430) (39,036) (40,631) (37,668) (39,835) (12,517) (27,772) (9,954) (16,492) (12,590) (16,840) (8,851) (8,255) (2,135) (5,835) (5,585) (9,835) (81,001) (78,447) (76,003) (75,860) (78,573) (80,740) (22,160) (29,586) (18,767) (19,968) (22,690) (21,746) (40,091) (31,801) (32,848) (29,176) (36,210) (35,266) (26,297) (24,054) (19,733) (18,415) (22,875) 56 No 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 Model FAS_197-Ring-White-18K FAS_207-Ring-Blue Topaz-14K FAS_207-Ring-Blue Topaz-18K FAS_207-Ring-Red-14K FAS_207-Ring-Red-18K FAS_207-Ring-White-14K FAS_207-Ring-White-18K FCS_323-Ring-Blue Topaz-14K FCS_323-Ring-Blue Topaz-18K FCS_323-Ring-Red-14K FCS_323-Ring-Red-18K FCS_323-Ring-White-14K FCS_323-Ring-White-18K FPS_029-Ring-Blue Topaz-14K FPS_029-Ring-Blue Topaz-18K FPS_029-Ring-Red-14K FPS_029-Ring-Red-18K FPS_029-Ring-White-14K FPS_029-Ring-White-18K FPS_035-Ring-Blue Topaz-14K FPS_035-Ring-Blue Topaz-18K FPS_035-Ring-Red-14K FPS_035-Ring-Red-18K FPS_035-Ring-White-14K FPS_035-Ring-White-18K FPS_041-Ring-Blue Topaz-14K FPS_041-Ring-Blue Topaz-18K FPS_041-Ring-Red-14K FPS_041-Ring-Red-18K FPS_041-Ring-White-14K FPS_041-Ring-White-18K FPS_042-Ring-Blue Topaz-14K FPS_042-Ring-Blue Topaz-18K FPS_042-Ring-Red-14K FPS_042-Ring-Red-18K FPS_042-Ring-White-14K FPS_042-Ring-White-18K FPS_056-Ring-Blue Topaz-14K FPS_056-Ring-Blue Topaz-18K FPS_056-Ring-Red-14K FPS_056-Ring-Red-18K FPS_056-Ring-White-14K FPS_056-Ring-White-18K FPS_059-Ring-Blue Topaz-14K FPS_059-Ring-Blue Topaz-18K FPS_059-Ring-Red-14K FPS_059-Ring-Red-18K FPS_059-Ring-White-14K FPS_059-Ring-White-18K Type Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Ring Color White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Blue Topaz Blue Topaz Red Red White White Price (VND) 135,000 135,000 145,000 135,000 145,000 125,000 135,000 315,000 325,000 315,000 325,000 305,000 315,000 185,000 195,000 185,000 195,000 175,000 185,000 225,000 235,000 225,000 235,000 215,000 225,000 205,000 215,000 205,000 215,000 195,000 205,000 195,000 205,000 195,000 205,000 185,000 195,000 190,000 200,000 190,000 200,000 180,000 190,000 215,000 225,000 215,000 225,000 205,000 215,000 Discounted Price (assume 5%) 128,250 128,250 137,750 128,250 137,750 118,750 128,250 299,250 308,750 299,250 308,750 289,750 299,250 175,750 185,250 175,750 185,250 166,250 175,750 213,750 223,250 213,750 223,250 204,250 213,750 194,750 204,250 194,750 204,250 185,250 194,750 185,250 194,750 185,250 194,750 175,750 185,250 180,500 190,000 180,500 190,000 171,000 180,500 204,250 213,750 204,250 213,750 194,750 204,250 Complicated Level Gold Per (1 easy; 2: normal; 3:hard) Stone Price Normal 1 1 1 1 1 1 2 2 2 3 3 3 2 2 2 3 3 3 2 2 2 3 3 3 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 14K 18K 4,750 2,500 2,500 2,500 2,500 2,500 2,500 3,600 3,600 3,600 3,600 3,600 3,600 6,000 6,000 6,000 6,000 6,000 6,000 9,500 9,500 9,500 9,500 9,500 9,500 7,350 7,350 7,350 7,350 7,350 7,350 6,200 6,200 6,200 6,200 6,200 6,200 7,400 7,400 7,400 7,400 7,400 7,400 5,550 5,550 5,550 5,550 5,550 5,550 Master 54,000 65,455 63,491 60,950 59,900 55,000 55,000 163,990 168,005 150,900 146,500 130,000 130,000 82,130 89,030 77,000 79,000 70,000 70,000 89,306 84,646 81,880 78,240 72,000 72,000 86,986 87,579 84,410 84,980 77,000 77,000 84,646 87,496 77,720 77,200 72,000 72,000 82,790 89,966 79,800 79,800 72,000 72,000 90,128 96,699 85,540 86,120 78,000 78,000 Fixed Time to Cost&Expenses allocated Finish (hours) 5 5 5 5 5 5 8 8 8 14 14 14 14 14 14 8 8 8 14 14 14 14 14 14 8 8 8 14 14 14 14 14 14 ############## 77,778 70,000 77,778 70,000 77,778 70,000 77,778 70,000 77,778 70,000 77,778 70,000 77,778 87,500 100,000 87,500 100,000 87,500 100,000 116,667 127,273 116,667 127,273 116,667 127,273 87,500 100,000 87,500 100,000 87,500 100,000 116,667 127,273 116,667 127,273 116,667 127,273 87,500 100,000 87,500 100,000 87,500 100,000 116,667 127,273 116,667 127,273 116,667 127,273 Cost of Production Required Price (10% return) 136,528 137,955 143,769 133,450 140,178 127,500 135,278 237,590 249,383 224,500 227,878 203,600 211,378 175,630 195,030 170,500 185,000 163,500 176,000 215,472 221,419 208,047 215,013 198,167 208,773 181,836 194,929 179,260 192,330 171,850 184,350 207,513 220,969 200,587 210,673 194,867 205,473 177,690 197,366 174,700 187,200 166,900 179,400 212,344 229,522 207,757 218,943 200,217 210,823 150,181 151,750 158,146 146,795 154,196 140,250 148,806 261,349 274,321 246,950 250,666 223,960 232,516 193,193 214,533 187,550 203,500 179,850 193,600 237,019 243,561 228,851 236,514 217,983 229,650 200,020 214,422 197,186 211,563 189,035 202,785 228,264 243,066 220,645 231,740 214,353 226,020 195,459 217,103 192,170 205,920 183,590 197,340 233,579 252,474 228,532 240,837 220,238 231,905 Loss/Profit Margin (VND/pcs) (8,278) (9,705) (6,019) (5,200) (2,428) (8,750) (7,028) 61,660 59,367 74,750 80,872 86,150 87,872 120 (9,780) 5,250 250 2,750 (250) (1,722) 1,831 5,703 8,237 6,083 4,977 12,914 9,321 15,490 11,920 13,400 10,400 (22,263) (26,219) (15,337) (15,923) (19,117) (20,223) 2,810 (7,366) 5,800 2,800 4,100 1,100 (8,094) (15,772) (3,507) (5,193) (5,467) (6,573) Price Difference (21,931) (23,500) (20,396) (18,545) (16,446) (21,500) (20,556) 37,901 34,429 52,300 58,084 65,790 66,734 (17,443) (29,283) (11,800) (18,250) (13,600) (17,850) (23,269) (20,311) (15,101) (13,264) (13,733) (15,900) (5,270) (10,172) (2,436) (7,313) (3,785) (8,035) (43,014) (48,316) (35,395) (36,990) (38,603) (40,770) (14,959) (27,103) (11,670) (15,920) (12,590) (16,840) (29,329) (38,724) (24,282) (27,087) (25,488) (27,655) 57 Support Information 8: Company Working Card and Suggesting Costing Card 58 59 SAKURA JEWELRY COSTING CARD SỐ THAM CHIẾU: LOẠI VÀNG TL.KIM LOẠI 610 11 gram Loại: Đvt: Gamma: Tên/Mã SP: FOB_712 SIZE: NGÀY: GIÁ MUA đvt BẠC 14,000,000 đ/kg ĐỒNG 500,000 đ/kg HỘI 3,000,000 đ/kg CP LƯƠNG+BHXH đ/tháng SỐ NHÂN CƠNG 102 người CHI PHÍ KHÁC đ/tháng GIÁ VÀNG 99.99% 35,600,000 đ/lượng VÒNG CÁI QUY ĐỔI GIÁ NVL, NHÂN CÔNG BẠC 14,000.00 ĐỒNG 500.00 HỘI 3,000.00 CP SẢN XUẤT - đvt đ/gram đ/gram đ/gram đ/người/phút CHI PHÍ SẢN XUẤT STT CHI PHÍ NVL NGỒI LOẠI BẠC ĐỒNG HỘI TỔNG CHI PHÍ ĐÁ STT MS ĐÁ CZ-GTRD-1.25W CZ-GTRD-1.5W CZ-CAOV-24X18G SỐ LƯỢNG (G) 2.1450 1.5015 0.6435 4.2900 MÀU TRẮNG TRẮNG XANH LÁ THÀNH TIỀN 30,030.00 750.75 1,930.50 32,711.25 LOẠI ĐÁ CZ CZ CZ SL 136 68 TỶ LỆ RỚT 30% 20% TỔNG STT 10 11 11 CHI PHÍ SẢN XUẤT KHÂU THỜI GIAN (phút) PROTO WAX WAX SETTING CASTING PREPARATION FILL BOMBING SETTING POLISH MÓC MÁY QC PACKING TỔNG (HỆ SỐ ĐIỀU CHỈNH +30%) GIÁ 80.00 100.00 62,000.00 THÀNH TIỀN 14,144.00 8,160.00 62,000.00 84,304.00 Đ THÀNH TIỀN CP SX BQ - - GIÁ THÀNH SẢN PHẨM TỔNG CHI PHÍ PHÂN BỔ BIÊN LỢI NHUẬN YÊU CẦU DỰ TRÙ HAO HỤT VÀNG (0.3%) GIÁ BÁN ƯỚC TÍNH THIẾT KẾ đ đ LẬP PHIẾU Loại Vàng GIÁM ĐỐC Giá bán 610 đ/sản phẩm 585 đ/sản phẩm 600 đ/sản phẩm 708 đ/sản phẩm 750 đ/sản phẩm 60 Support Information 9: Collected Precious Stone Price using during May 2016 to December 2016 PRICE (In VND) CZ-CAMA-24X9B 40 CZ-CAMA-24X9G 40 CZ-CAMA-24X9R 40 CZ-CAOC-14.1X5.9B 17,000 CZ-CAOV-10X8B 13,000 CZ-CAOV-10X8G 9,270 CZ-CAOV-10X8R 7,927 CZ-CAOV-10X8T 10,465 CZ-CAOV-10X8V 11,160 CZ-CAOV-10X8Y 13,000 CZ-CAOV-11X6B 7,886 CZ-CAOV-11X6G 4,782 CZ-CAOV-11X6R 4,782 CZ-CAOV-11X6T 4,782 CZ-CAOV-11X6Y 7,886 CZ-CAOV-11X9B 10,387 CZ-CAOV-11X9G 6,638 CZ-CAOV-11X9R 6,638 CZ-CAOV-11X9T 13,819 CZ-CAOV-11X9V 10,387 CZ-CAOV-11X9Y 13,194 CZ-CAOV-12X10B 12,458 CZ-CAOV-12X10G 12,458 CZ-CAOV-12X10R 22,000 CZ-CAOV-12X10T 38,000 CZ-CAOV-12X10V 25,000 CZ-CAOV-12X10Y 12,458 CZ-CAOV-12X8B 10,580 CZ-CAOV-12X8G 6,835 CZ-CAOV-12X8R 6,835 CZ-CAOV-12X8T 6,835 CZ-CAOV-12X8V 10,580 CZ-CAOV-12X8Y 10,580 CZ-CAOV-14X10B 12,000 CZ-CAOV-14X10G 16,500 CZ-CAOV-14X10R 25,000 CZ-CAOV-14X10T 40,000 CZ-CAOV-14X10V 16,500 CZ-CAOV-14X10Y 12,000 CZ-CAOV-14X12B 16,000 CZ-CAOV-14X12G 43,263 CZ-CAOV-14X12R 44,333 CZ-CAOV-14X12T 46,767 CZ-CAOV-14X12V 31,438 CZ-CAOV-14X12Y 16,000 CZ-CAOV-14X7B 11,829 CZ-CAOV-14X7G 7,690 CZ-CAOV-14X7R 7,690 STONE TYPE PRICE (In VND) CZ-GTPS-4X3T 4,567 CZ-GTPS-4X3V 1,128 CZ-GTPS-4X3W 1,028 CZ-GTPS-4X3Y 2,318 CZ-GTPS-5X3B 640 CZ-GTPS-5X3G 700 CZ-GTPS-5X3R 1,526 CZ-GTPS-5X3T 4,350 CZ-GTPS-5X3V 640 CZ-GTPS-5X3W 590 CZ-GTPS-5X3Y 740 CZ-GTPS-6X4B 1,125 CZ-GTPS-6X4G 3,879 CZ-GTPS-6X4R 3,813 CZ-GTPS-6X4T 5,467 CZ-GTPS-6X4V 1,188 CZ-GTPS-6X4W 900 CZ-GTPS-6X4Y 2,263 CZ-GTPS-7X5B 1,300 CZ-GTPS-7X5G 1,400 CZ-GTPS-7X5R 4,000 CZ-GTPS-7X5T 7,150 CZ-GTPS-7X5V 1,300 CZ-GTPS-7X5Y 1,700 CZ-GTPS-8X5B 2,715 CZ-GTPS-8X5G 8,424 CZ-GTPS-8X5R 5,873 CZ-GTPS-8X5T 3,759 CZ-GTPS-8X5V 2,911 CZ-GTPS-8X5W 3,037 CZ-GTPS-8X5Y 4,039 CZ-GTPS-8X6B 1,695 CZ-GTPS-8X6G 2,825 CZ-GTPS-8X6R 6,364 CZ-GTPS-8X6T 5,253 CZ-GTPS-8X6V 1,861 CZ-GTPS-8X6W 1,690 CZ-GTPS-8X6Y 1,873 CZ-GTPS-9X7B 2,300 CZ-GTPS-9X7G 1,700 CZ-GTPS-9X7R 4,100 CZ-GTPS-9X7T 15,000 CZ-GTPS-9X7V 2,300 CZ-GTPS-9X7W 3,300 CZ-GTPS-9X7Y 3,400 CZ-GTRD-1.05W 75 CZ-GTRD-1.0B 134 CZ-GTRD-1.0G 225 STONE TYPE STONE TYPE CZ-GTCU-10X9V CZ-GTCU-12X12G CZ-GTCU-12X12R CZ-GTCU-12X12V CZ-GTCU-12X12W CZ-GTCU-12X12Y CZ-GTCU-15X15B CZ-GTCU-15X15G CZ-GTCU-15X15R CZ-GTCU-15X15V CZ-GTCU-15X15W CZ-GTCU-15X15Y CZ-GTCU-20X20B CZ-GTCU-20X20G CZ-GTCU-20X20R CZ-GTCU-20X20V CZ-GTCU-20X20W CZ-GTCU-20X20Y CZ-GTCU-25X25W CZ-GTCU-5X5B CZ-GTCU-5X5G CZ-GTCU-5X5R CZ-GTCU-5X5V CZ-GTCU-5X5W CZ-GTCU-5X5Y CZ-GTCU-8X8V CZ-GTCU-8X8W CZ-GTCU-8X8Y CZ-GTHE-10X10G CZ-GTHE-10X10R CZ-GTHE-10X10T CZ-GTHE-6X6G CZ-GTHE-6X6R CZ-GTHE-6X6T CZ-GTHE-6X6W CZ-GTHE-8X8G CZ-GTHE-8X8R CZ-GTHE-8X8T CZ-GTHE-9X9G CZ-GTHE-9X9R CZ-GTHE-9X9T CZ-GTHE-9X9W CZ-GTMA-10X5B CZ-GTMA-10X5G CZ-GTMA-10X5O CZ-GTMA-10X5P CZ-GTMA-10X5R CZ-GTMA-10X5T PRICE (In VND) 13,000 6,835 6,835 6,835 6,834 6,835 27,971 27,971 27,971 27,971 54,841 27,971 60,097 60,097 60,097 60,097 97,864 60,097 180,000 4,823 4,823 4,823 4,823 4,340 4,823 16,350 10,613 9,920 9,000 20,000 22,000 1,900 6,500 8,800 1,600 5,000 12,000 17,000 7,000 16,000 20,000 6,500 2,348 2,374 2,289 2,248 7,071 12,000 STONE TYPE CZ-GTTC-14X8W CZ-GTTC-14X8Y CZ-GTTC-16X12B CZ-GTTC-16X12G CZ-GTTC-16X12R CZ-GTTC-16X12V CZ-GTTC-16X12W CZ-GTTC-16X12Y CZ-GTTC-16X9B CZ-GTTC-16X9G CZ-GTTC-16X9R CZ-GTTC-16X9T CZ-GTTC-16X9V CZ-GTTC-16X9W CZ-GTTC-16X9Y CZ-GTTC-25X14B CZ-GTTC-25X14G CZ-GTTC-25X14R CZ-GTTC-25X14T CZ-GTTC-25X14V CZ-GTTC-25X14W CZ-GTTC-25X14Y CZ-GTTC-26X19R CZ-GTTC-29X16B CZ-GTTC-29X16G CZ-GTTC-29X16R CZ-GTTC-29X16T CZ-GTTC-29X16V CZ-GTTC-29X16W CZ-GTTC-29X16Y CZ-GTTC-6X4B CZ-GTTC-6X4G CZ-GTTC-6X4R CZ-GTTC-6X4T CZ-GTTC-6X4V CZ-GTTC-6X4W CZ-GTTC-6X4Y CZ-GTTC-8X6B CZ-GTTC-8X6G CZ-GTTC-8X6R CZ-GTTC-8X6T CZ-GTTC-8X6V CZ-GTTC-8X6W CZ-GTTC-8X6Y CZ-GTTC-9X7B CZ-GTTC-9X7G CZ-GTTC-9X7R CZ-GTTC-9X7V PRICE (In VND) 15,432 16,397 23,700 11,085 11,085 23,700 23,700 23,700 20,737 19,034 19,034 19,034 20,737 19,773 20,737 48,577 44,285 44,285 44,285 48,577 44,368 48,577 53,085 55,645 53,085 53,085 53,085 55,645 53,419 55,645 4,996 4,996 4,996 4,996 4,996 6,269 6,269 9,163 7,088 7,088 7,088 7,088 9,163 9,163 11,574 15,915 11,574 11,574 STONE TYPE CZ-CARD-10.0Y CZ-CARD-12.0B CZ-CARD-12.0G CZ-CARD-12.0R CZ-CARD-12.0V CZ-CARD-12.0W CZ-CARD-12.0Y CZ-CARD-12.5B CZ-CARD-12.5G CZ-CARD-12.5R CZ-CARD-12.5T CZ-CARD-12.5Y CZ-CARD-15.0B CZ-CARD-15.0G CZ-CARD-15.0R CZ-CARD-15.0T CZ-CARD-15.0Y CZ-CARD-21.0B CZ-CARD-21.0G CZ-CARD-21.0R CZ-CARD-21.0T CZ-CARD-21.0Y CZ-CARD-22.0B CZ-CARD-22.0G CZ-CARD-22.0R CZ-CARD-22.0T CZ-CARD-22.0Y CZ-CARD-25.0B CZ-CARD-25.0G CZ-CARD-25.0R CZ-CARD-25.0T CZ-CARD-25.0Y CZ-CARD-28.0B CZ-CARD-28.0G CZ-CARD-28.0R CZ-CARD-28.0T CZ-CARD-28.0Y CZ-CARD-30.0B CZ-CARD-30.0G CZ-CARD-30.0R CZ-CARD-30.0T CZ-CARD-30.0Y CZ-GTBG-2.0X1.25X0.8W CZ-GTBG-2.25X1.25X1W CZ-GTBG-2.5X1.5X1W CZ-GTBG-2X1.5X1W CZ-GTBG-3.0X1.5X1W CZ-GTBG-3.5X1.5X1W PRICE (In VND) 15,000 17,844 34,723 17,844 17,844 16,879 17,844 12,733 8,074 8,611 8,376 8,376 20,115 13,468 14,127 13,822 20,115 36,216 20,093 20,570 20,260 20,843 42,868 21,093 22,494 22,494 42,868 52,165 22,285 24,593 23,978 52,165 98,388 33,210 33,210 33,210 98,388 39,980 39,980 39,980 39,980 39,980 288 250 250 350 250 300 STONE TYPE CZ-GTRD-3.5Y CZ-GTRD-3.75W CZ-GTRD-4.0B CZ-GTRD-4.0G CZ-GTRD-4.0O CZ-GTRD-4.0R CZ-GTRD-4.0T CZ-GTRD-4.0V CZ-GTRD-4.0W CZ-GTRD-4.0Y CZ-GTRD-4.5B CZ-GTRD-4.5G CZ-GTRD-4.5R CZ-GTRD-4.5T CZ-GTRD-4.5W CZ-GTRD-5.0B CZ-GTRD-5.0G CZ-GTRD-5.0R CZ-GTRD-5.0T CZ-GTRD-5.0V CZ-GTRD-5.0W CZ-GTRD-5.0Y CZ-GTRD-5.5B CZ-GTRD-5.5G CZ-GTRD-5.5O CZ-GTRD-5.5R CZ-GTRD-5.5T CZ-GTRD-5.5V CZ-GTRD-5.5W CZ-GTRD-5.5Y CZ-GTRD-6.0B CZ-GTRD-6.0G CZ-GTRD-6.0R CZ-GTRD-6.0T CZ-GTRD-6.0V CZ-GTRD-6.0W CZ-GTRD-6.0Y CZ-GTRD-6.5B CZ-GTRD-6.5G CZ-GTRD-6.5O CZ-GTRD-6.5R CZ-GTRD-6.5T CZ-GTRD-6.5V CZ-GTRD-6.5W CZ-GTRD-6.5Y CZ-GTRD-7.0B CZ-GTRD-7.0G CZ-GTRD-7.0R PRICE (In VND) 500 1,800 530 600 600 2,000 3,150 530 699 600 800 3,110 2,800 4,300 678 1,010 5,364 3,400 4,967 850 1,424 860 1,200 8,500 1,050 4,133 6,150 1,050 1,600 1,050 1,433 5,442 4,001 6,900 1,267 1,443 1,300 1,900 13,500 1,700 6,067 9,000 1,700 2,300 1,700 1,570 12,000 8,000 STONE TYPE CZ-GTOV-14X10W CZ-GTOV-14X10Y CZ-GTOV-14X12B CZ-GTOV-14X12G CZ-GTOV-14X12R CZ-GTOV-14X12T CZ-GTOV-14X12V CZ-GTOV-14X12W CZ-GTOV-14X12Y CZ-GTOV-14X18G CZ-GTOV-15X12B CZ-GTOV-15X12G CZ-GTOV-15X12R CZ-GTOV-15X12T CZ-GTOV-15X12V CZ-GTOV-15X12Y CZ-GTOV-15X13B CZ-GTOV-15X13G CZ-GTOV-15X13R CZ-GTOV-15X13T CZ-GTOV-15X13V CZ-GTOV-15X13W CZ-GTOV-15X13Y CZ-GTOV-16X12B CZ-GTOV-16X12G CZ-GTOV-16X12R CZ-GTOV-16X12T CZ-GTOV-16X12V CZ-GTOV-16X12W CZ-GTOV-16X12Y CZ-GTOV-18X13B CZ-GTOV-18X13V CZ-GTOV-18X13W CZ-GTOV-18X14B CZ-GTOV-18X14P CZ-GTOV-18X14R CZ-GTOV-18X14T CZ-GTOV-18X14V CZ-GTOV-18X14Y CZ-GTOV-20X14B CZ-GTOV-20X14G CZ-GTOV-20X14W CZ-GTOV-20X14Y CZ-GTOV-20X16G CZ-GTOV-20X16P CZ-GTOV-20X16R CZ-GTOV-20X16T CZ-GTOV-20X16V PRICE (In VND) 8,500 9,000 16,388 16,713 23,802 38,463 16,980 20,600 22,425 38,547 14,000 36,089 28,251 65,917 17,753 14,000 17,755 12,235 15,755 12,235 19,275 16,352 19,275 12,500 9,500 33,500 72,600 10,500 10,000 10,500 23,570 19,110 19,110 25,913 81,000 42,842 48,011 63,388 59,731 34,170 34,170 32,270 34,170 60,333 117,000 59,000 70,250 93,000 STONE TYPE TT-CAOV-10X8R TT-CAOV-10X8T TT-CAOV-14X12G TT-CAOV-14X12R TT-CAOV-14X12T TT-CAOV-15X13G TT-CAOV-15X13R TT-CAOV-15X13T TT-CAOV-7X6G TT-CAOV-7X6R TT-CAOV-7X6T TT-CARD-12.5B TT-CARD-12.5R TT-CARD-12.5T TT-CARD-21.0B TT-CARD-21.0G TT-CARD-21.0R TT-CARD-21.0T TT-GLRD-16.0B TT-GLRD-17.0B TT-GLRD-26.0B TT-GLRD-30.0B TT-GLSQ-16X16B TT-GLSQ-32X32B TT-GTCU-10X10G TT-GTCU-10X10R TT-GTCU-10X10T TT-GTCU-15X15G TT-GTCU-15X15R TT-GTCU-15X15T TT-GTCU-20X20G TT-GTCU-20X20R TT-GTCU-20X20T TT-GTCU-5X5G TT-GTCU-5X5R TT-GTCU-5X5T TT-GTCU-8X8G TT-GTCU-8X8R TT-GTCU-8X8T TT-GTMA-10X5G TT-GTMA-10X5R TT-GTMA-10X5T TT-GTMA-12X6G TT-GTMA-12X6R TT-GTMA-12X6T TT-GTMA-4X2G TT-GTMA-4X2R TT-GTMA-4X2T PRICE (In VND) 4,855 4,855 9,755 9,755 9,755 13,387 13,387 13,387 3,887 3,887 3,887 9,282 9,282 9,282 24,015 24,015 24,015 24,015 12,465 13,942 66,774 65,592 30,000 117,914 14,067 14,745 15,694 45,603 45,603 52,245 50,706 46,059 32,118 4,885 4,770 5,664 8,000 8,000 8,000 1,617 1,752 1,300 1,911 2,903 1,911 460 762 526 61 STONE TYPE CZ-CAOV-14X7T CZ-CAOV-14X7Y CZ-CAOV-15X10B CZ-CAOV-15X10G CZ-CAOV-15X10R CZ-CAOV-15X10T CZ-CAOV-15X10Y CZ-CAOV-15X11B CZ-CAOV-15X11G CZ-CAOV-15X11R CZ-CAOV-15X11T CZ-CAOV-15X11Y CZ-CAOV-15X12B CZ-CAOV-15X12G CZ-CAOV-15X12R CZ-CAOV-15X12T CZ-CAOV-15X12V CZ-CAOV-15X12Y CZ-CAOV-15X13B CZ-CAOV-16X12B CZ-CAOV-16X12G CZ-CAOV-16X12R CZ-CAOV-16X12T CZ-CAOV-16X12V CZ-CAOV-16X12Y CZ-CAOV-16X14B CZ-CAOV-16X14G CZ-CAOV-16X14R CZ-CAOV-16X14T CZ-CAOV-16X14V CZ-CAOV-16X14Y CZ-CAOV-18X14B CZ-CAOV-18X14G CZ-CAOV-18X14R CZ-CAOV-18X14T CZ-CAOV-18X14V CZ-CAOV-18X14Y CZ-CAOV-20X15B CZ-CAOV-20X15G CZ-CAOV-20X15R CZ-CAOV-20X15T CZ-CAOV-20X15Y CZ-CAOV-21X15B CZ-CAOV-21X15G CZ-CAOV-21X15R CZ-CAOV-21X15T CZ-CAOV-21X15V CZ-CAOV-21X15Y CZ-CAOV-24X18B PRICE (In VND) 7,690 11,829 33,000 33,000 33,000 33,000 33,000 20,884 9,325 9,325 9,325 20,884 33,000 9,987 24,662 22,494 33,000 33,000 45 18,000 32,070 28,143 39,380 33,000 18,000 31,850 39,664 42,027 40,289 66,750 31,850 31,829 14,338 14,338 14,338 31,829 31,829 38,000 17,885 68,000 110,000 38,000 38,581 17,050 17,050 17,050 38,581 38,581 47,261 PRICE (In VND) CZ-GTRD-1.0O 150 CZ-GTRD-1.0R 119 CZ-GTRD-1.0T 210 CZ-GTRD-1.0V 120 CZ-GTRD-1.0W 59 CZ-GTRD-1.0Y 150 CZ-GTRD-1.15W 75 CZ-GTRD-1.1B 129 CZ-GTRD-1.1G 191 CZ-GTRD-1.1O 120 CZ-GTRD-1.1R 121 CZ-GTRD-1.1T 180 CZ-GTRD-1.1V 105 CZ-GTRD-1.1W 80 CZ-GTRD-1.1Y 160 CZ-GTRD-1.25B 139 CZ-GTRD-1.25G 198 CZ-GTRD-1.25O 120 CZ-GTRD-1.25R 154 CZ-GTRD-1.25T 228 CZ-GTRD-1.25V 115 CZ-GTRD-1.25W 72 CZ-GTRD-1.25Y 186 CZ-GTRD-1.2B 190 CZ-GTRD-1.2G 280 CZ-GTRD-1.2O 120 CZ-GTRD-1.2R 142 CZ-GTRD-1.2T 250 CZ-GTRD-1.2V 120 CZ-GTRD-1.2W 94 CZ-GTRD-1.2Y 150 CZ-GTRD-1.3B 190 CZ-GTRD-1.3W 75 CZ-GTRD-1.4G 280 CZ-GTRD-1.4R 200 CZ-GTRD-1.4T 280 CZ-GTRD-1.4W 79 CZ-GTRD-1.55W 75 CZ-GTRD-1.5B 195 CZ-GTRD-1.5G 267 CZ-GTRD-1.5O 150 CZ-GTRD-1.5R 178 CZ-GTRD-1.5T 327 CZ-GTRD-1.5V 126 CZ-GTRD-1.5W 78 CZ-GTRD-1.5Y 321 CZ-GTRD-1.6B 219 CZ-GTRD-1.6W 120 CZ-GTRD-1.75B 256 STONE TYPE PRICE (In VND) CZ-GTMA-10X5V 2,236 CZ-GTMA-10X5W 2,055 CZ-GTMA-10X5Y 2,318 CZ-GTMA-12X6B 3,941 CZ-GTMA-12X6G 3,967 CZ-GTMA-12X6O 3,813 CZ-GTMA-12X6P 3,860 CZ-GTMA-12X6R 11,500 CZ-GTMA-12X6T 17,333 CZ-GTMA-12X6V 3,898 CZ-GTMA-12X6W 3,487 CZ-GTMA-12X6Y 3,941 CZ-GTMA-14X7B 6,000 CZ-GTMA-14X7G 6,000 CZ-GTMA-14X7R 18,000 CZ-GTMA-14X7T 25,000 CZ-GTMA-14X7W 5,500 CZ-GTMA-14X7Y 6,000 CZ-GTMA-16X6.5B 15,062 CZ-GTMA-16X6.5G 15,062 CZ-GTMA-16X6.5R 13,998 CZ-GTMA-16X6.5T 13,998 CZ-GTMA-16X6.5V CZ-GTMA-16X6.5W 14,023 CZ-GTMA-16X6.5Y 15,062 CZ-GTMA-16X8B 9,000 CZ-GTMA-16X8G 9,000 CZ-GTMA-16X8R 20,000 CZ-GTMA-16X8T 29,000 CZ-GTMA-16X8W 8,000 CZ-GTMA-16X8Y 9,000 CZ-GTMA-20X8B 20,978 CZ-GTMA-20X8G 20,978 CZ-GTMA-20X8R 17,173 CZ-GTMA-20X8T 17,173 CZ-GTMA-20X8V 20,000 CZ-GTMA-20X8W 19,216 CZ-GTMA-20X8Y 20,978 CZ-GTMA-25X11B 38,952 CZ-GTMA-25X11G 38,952 CZ-GTMA-25X11R 32,200 CZ-GTMA-25X11T 32,200 CZ-GTMA-25X11V 38,952 CZ-GTMA-25X11W 35,056 CZ-GTMA-25X11Y 38,952 CZ-GTMA-26X13B 65,000 CZ-GTMA-26X13G 65,000 CZ-GTMA-26X13R 65,000 CZ-GTMA-26X13T 65,000 STONE TYPE STONE TYPE CZ-GTTC-9X7W CZ-GTTC-9X7Y CZ-GTTR-11X11B CZ-GTTR-11X11G CZ-GTTR-11X11R CZ-GTTR-11X11T CZ-GTTR-11X11V CZ-GTTR-11X11W CZ-GTTR-11X11Y CZ-GTTR-5X5B CZ-GTTR-5X5G CZ-GTTR-5X5R CZ-GTTR-5X5T CZ-GTTR-5X5V CZ-GTTR-5X5W CZ-GTTR-5X5Y CZ-GTTR-6X6B CZ-GTTR-6X6G CZ-GTTR-6X6R CZ-GTTR-6X6T CZ-GTTR-6X6V CZ-GTTR-6X6W CZ-GTTR-6X6Y CZ-GTTS-10.5X10.5B CZ-GTTS-10.5X10.5G CZ-GTTS-10.5X10.5R CZ-GTTS-10.5X10.5T CZ-GTTS-10.5X10.5V CZ-GTTS-10.5X10.5W CZ-GTTS-10.5X10.5Y CZ-GTTS-12X12B CZ-GTTS-12X12G CZ-GTTS-12X12R CZ-GTTS-12X12T CZ-GTTS-12X12V CZ-GTTS-12X12W CZ-GTTS-12X12Y CZ-GTTS-14X14B CZ-GTTS-14X14G CZ-GTTS-14X14R CZ-GTTS-14X14V CZ-GTTS-14X14W CZ-GTTS-14X14Y CZ-GTTS-15X15B CZ-GTTS-15X15G CZ-GTTS-15X15R CZ-GTTS-15X15T CZ-GTTS-15X15V CZ-GTTS-15X15W PRICE (In VND) 11,092 11,574 16,353 8,785 18,184 18,000 22,884 15,418 18,000 2,767 1,765 5,208 1,765 8,650 2,340 2,767 3,020 2,013 8,023 2,013 10,889 2,780 3,020 19,930 21,000 17,789 6,887 14,577 12,575 24,833 14,235 23,868 27,978 35,667 24,368 14,235 14,235 28,935 28,935 53,327 28,935 27,971 28,935 52,795 62,000 53,986 13,224 29,945 61,390 STONE TYPE CZ-GTBG-4.0X2.0X1.5W CZ-GTBG-4.5X2.0X1.5W CZ-GTBG-5.0X2.0X1.5W CZ-GTCN-10X3B CZ-GTCN-10X3G CZ-GTCN-10X3R CZ-GTCN-10X3T CZ-GTCN-10X3V CZ-GTCN-10X3W CZ-GTCN-10X3Y CZ-GTCN-10X6B CZ-GTCN-10X6G CZ-GTCN-10X6R CZ-GTCN-10X6T CZ-GTCN-10X6V CZ-GTCN-10X6W CZ-GTCN-10X6Y CZ-GTCN-12X10B CZ-GTCN-12X10R CZ-GTCN-12X10Y CZ-GTCN-12X4B CZ-GTCN-12X4G CZ-GTCN-12X4R CZ-GTCN-12X4T CZ-GTCN-12X4W CZ-GTCN-12X4Y CZ-GTCN-13.5X9.5B CZ-GTCN-13.5X9.5G CZ-GTCN-13.5X9.5R CZ-GTCN-13.5X9.5T CZ-GTCN-13.5X9.5V CZ-GTCN-13.5X9.5W CZ-GTCN-13.5X9.5Y CZ-GTCN-13X4B CZ-GTCN-13X4G CZ-GTCN-13X4R CZ-GTCN-13X4T CZ-GTCN-13X4Y CZ-GTCN-14X10B CZ-GTCN-14X10G CZ-GTCN-14X10R CZ-GTCN-14X10T CZ-GTCN-14X10V CZ-GTCN-14X10W CZ-GTCN-14X10Y CZ-GTCN-15X12B CZ-GTCN-15X12G CZ-GTCN-15X12R CZ-GTCN-15X12T PRICE (In VND) 300 400 550 12,056 9,645 9,645 9,645 12,056 12,056 12,056 9,350 12,729 17,594 10,344 15,175 8,839 9,350 9,000 21,000 9,000 15,280 9,982 9,982 9,982 13,800 15,280 15,915 15,061 15,061 15,061 15,915 14,950 15,915 10,223 10,223 10,223 10,223 10,223 25,000 25,000 25,000 25,000 25,000 25,000 25,000 21,535 9,987 9,987 9,987 PRICE (In VND) CZ-GTRD-7.0T 11,000 CZ-GTRD-7.0V 1,570 CZ-GTRD-7.0W 2,300 CZ-GTRD-7.0Y 1,885 CZ-GTRD-7.5G 22,000 CZ-GTRD-7.5R 9,000 CZ-GTRD-7.5T 12,000 CZ-GTRD-7.5W 1,600 CZ-GTRD-7.5Y 2,800 CZ-GTRD-8.0B 2,547 CZ-GTRD-8.0G 8,517 CZ-GTRD-8.0O 2,700 CZ-GTRD-8.0R 9,300 CZ-GTRD-8.0T 12,667 CZ-GTRD-8.0V 2,480 CZ-GTRD-8.0W 1,883 CZ-GTRD-8.0Y 2,970 CZ-GTRD-8.5B 4,015 CZ-GTRD-8.5G 11,833 CZ-GTRD-8.5R 13,500 CZ-GTRD-8.5T 17,000 CZ-GTRD-8.5V 3,765 CZ-GTRD-8.5W 2,600 CZ-GTRD-8.5Y 4,015 CZ-GTRD-9.0B 4,500 CZ-GTRD-9.0G 26,500 CZ-GTRD-9.0R 15,000 CZ-GTRD-9.0T 19,000 CZ-GTRD-9.0W 3,500 CZ-GTRD-9.0Y 4,800 CZ-GTSQ-1.5W 350 CZ-GTSQ-1.75W 300 CZ-GTSQ-10X10B 7,000 CZ-GTSQ-10X10G 7,000 CZ-GTSQ-10X10R 20,000 CZ-GTSQ-10X10T 20,000 CZ-GTSQ-10X10W 6,500 CZ-GTSQ-12X12B 14,235 CZ-GTSQ-12X12G 5,033 CZ-GTSQ-12X12R 38,139 CZ-GTSQ-12X12T 5,033 CZ-GTSQ-12X12V 15,417 CZ-GTSQ-12X12W 11,500 CZ-GTSQ-12X12Y 14,235 CZ-GTSQ-15X15B 66,000 CZ-GTSQ-15X15R 40,393 CZ-GTSQ-15X15T 66,000 CZ-GTSQ-15X15V 27,590 CZ-GTSQ-15X15W 13,368 STONE TYPE PRICE (In VND) CZ-GTOV-20X16Y 69,368 CZ-GTOV-22X16B 37,462 CZ-GTOV-22X16G 69,792 CZ-GTOV-22X16R 34,583 CZ-GTOV-22X16T 34,583 CZ-GTOV-22X16V 34,583 CZ-GTOV-22X16W 34,583 CZ-GTOV-24X18B 37,983 CZ-GTOV-24X18G 116,546 CZ-GTOV-24X18P 177,000 CZ-GTOV-24X18R 90,507 CZ-GTOV-24X18T 126,079 CZ-GTOV-24X18V 118,663 CZ-GTOV-24X18Y 112,994 CZ-GTOV-4X3B 1,455 CZ-GTOV-4X3R 1,455 CZ-GTOV-4X3V 1,455 CZ-GTOV-4X3W 1,255 CZ-GTOV-4X3Y 1,455 CZ-GTOV-5X3B 600 CZ-GTOV-5X3G 700 CZ-GTOV-5X3R 2,000 CZ-GTOV-5X3T 4,350 CZ-GTOV-5X3V 600 CZ-GTOV-5X3W 585 CZ-GTOV-6X4B 1,425 CZ-GTOV-6X4G 1,150 CZ-GTOV-6X4R 2,500 CZ-GTOV-6X4T 5,000 CZ-GTOV-6X4V 1,425 CZ-GTOV-6X4W 1,200 CZ-GTOV-6X4Y 1,500 CZ-GTOV-7X5G 1,700 CZ-GTOV-7X5R 4,500 CZ-GTOV-7X5T 7,800 CZ-GTOV-7X5Y 1,700 CZ-GTOV-7X6B 6,040 CZ-GTOV-7X6G 3,055 CZ-GTOV-7X6R 4,548 CZ-GTOV-7X6T 3,055 CZ-GTOV-7X6V 6,040 CZ-GTOV-7X6W 5,033 CZ-GTOV-7X6Y 6,040 CZ-GTOV-8X6B 2,861 CZ-GTOV-8X6G 4,133 CZ-GTOV-8X6P 7,000 CZ-GTOV-8X6R 5,546 CZ-GTOV-8X6T 10,958 CZ-GTOV-8X6V 5,889 STONE TYPE STONE TYPE TT-GTMA-5X2.5G TT-GTMA-5X2.5R TT-GTMA-5X2.5T TT-GTMA-6X3G TT-GTMA-6X3R TT-GTMA-6X3T TT-GTMA-7X3.5G TT-GTMA-7X3.5R TT-GTMA-7X3.5T TT-GTOV-10X8G TT-GTOV-10X8R TT-GTOV-10X8T TT-GTOV-14X12G TT-GTOV-14X12R TT-GTOV-14X12T TT-GTOV-15X13G TT-GTOV-15X13R TT-GTOV-15X13T TT-GTOV-16X14G TT-GTOV-16X14R TT-GTOV-16X14T TT-GTOV-18X13G TT-GTOV-18X13R TT-GTOV-18X13T TT-GTOV-4X3T TT-GTOV-6X4T TT-GTOV-7X6G TT-GTOV-7X6R TT-GTOV-7X6T TT-GTOV-8X6T TT-GTPS-11X9G TT-GTPS-11X9R TT-GTPS-11X9T TT-GTPS-12X10G TT-GTPS-12X10R TT-GTPS-12X10T TT-GTPS-12X8G TT-GTPS-12X8R TT-GTPS-12X8T TT-GTPS-12X8V TT-GTPS-15X9G TT-GTPS-15X9R TT-GTPS-15X9T TT-GTPS-15X9V TT-GTPS-16X10B TT-GTPS-16X10G TT-GTPS-16X10R TT-GTPS-16X10T TT-GTPS-4X3G PRICE (In VND) 547 779 571 600 882 625 880 1,013 732 4,805 4,805 4,805 12,733 12,733 12,733 13,890 13,890 13,890 22,689 22,689 22,689 4,631 5,418 4,633 1,348 1,699 3,421 3,421 3,421 2,054 1,957 2,758 1,957 2,194 3,103 2,194 10,218 11,107 9,286 12,300 17,140 18,069 16,121 21,150 23,000 23,000 23,000 23,000 3,022 62 STONE TYPE CZ-CAOV-24X18G CZ-CAOV-24X18R CZ-CAOV-24X18T CZ-CAOV-24X18V CZ-CAOV-24X18Y CZ-CAOV-24X20B CZ-CAOV-24X20G CZ-CAOV-24X20R CZ-CAOV-24X20T CZ-CAOV-24X20Y CZ-CAOV-25X12B CZ-CAOV-25X12G CZ-CAOV-25X12R CZ-CAOV-25X12T CZ-CAOV-25X12Y CZ-CAOV-28X20B CZ-CAOV-28X20G CZ-CAOV-28X20R CZ-CAOV-28X20T CZ-CAOV-28X20V CZ-CAOV-28X20Y CZ-CAOV-7X6B CZ-CAOV-8X6B CZ-CAOV-8X6G CZ-CAOV-8X6R CZ-CAOV-8X6T CZ-CAOV-8X6V CZ-CAOV-8X6Y CZ-CAOV-9X7B CZ-CAOV-9X7G CZ-CAOV-9X7R CZ-CAOV-9X7T CZ-CAOV-9X7V CZ-CAOV-9X7Y CZ-CAPS-11X8G CZ-CAPS-11X8R CZ-CAPS-11X8T CZ-CAPS-11X8V CZ-CAPS-11X8Y CZ-CAPS-15X11B CZ-CAPS-15X11G CZ-CAPS-15X11R CZ-CAPS-15X11T CZ-CAPS-15X11V CZ-CAPS-15X11Y CZ-CAPS-16X11B CZ-CAPS-16X11G CZ-CAPS-16X11R CZ-CAPS-16X11T CZ-CAPS-16X11Y PRICE (In VND) 30,996 18,918 18,308 84,420 47,261 22,530 22,530 22,530 22,530 49,886 43,372 19,850 19,850 19,850 43,372 66,774 66,774 66,774 66,774 66,774 66,774 5,000 4,485 2,988 2,988 2,988 2,988 4,485 5,980 5,980 7,500 7,500 5,980 5,980 37,000 37,000 37,000 37,000 37,000 25,448 66,890 52,875 61,050 19,895 25,448 32,000 32,000 32,000 32,000 32,000 STONE TYPE CZ-GTRD-1.75G CZ-GTRD-1.75O CZ-GTRD-1.75R CZ-GTRD-1.75T CZ-GTRD-1.75V CZ-GTRD-1.75W CZ-GTRD-1.75Y CZ-GTRD-1.7B CZ-GTRD-1.7W CZ-GTRD-1.8W CZ-GTRD-1.9W CZ-GTRD-10.0B CZ-GTRD-10.0G CZ-GTRD-10.0R CZ-GTRD-10.0T CZ-GTRD-10.0V CZ-GTRD-10.0W CZ-GTRD-10.0Y CZ-GTRD-11.0B CZ-GTRD-11.0G CZ-GTRD-11.0R CZ-GTRD-11.0T CZ-GTRD-11.0V CZ-GTRD-11.0W CZ-GTRD-11.0Y CZ-GTRD-12.0B CZ-GTRD-12.0G CZ-GTRD-12.0R CZ-GTRD-12.0T CZ-GTRD-12.0V CZ-GTRD-12.0W CZ-GTRD-12.0Y CZ-GTRD-14.0B CZ-GTRD-14.0G CZ-GTRD-14.0R CZ-GTRD-14.0T CZ-GTRD-14.0V CZ-GTRD-14.0W CZ-GTRD-14.0Y CZ-GTRD-16.0T CZ-GTRD-2.0B CZ-GTRD-2.0G CZ-GTRD-2.0R CZ-GTRD-2.0T CZ-GTRD-2.0V CZ-GTRD-2.0W CZ-GTRD-2.0Y CZ-GTRD-2.1W CZ-GTRD-2.25W CZ-GTRD-2.2W PRICE (In VND) 372 200 261 440 160 133 341 220 210 240 220 4,580 15,433 17,250 26,500 2,987 4,580 4,580 6,485 21,333 12,050 35,000 6,945 7,533 6,485 8,140 34,500 32,500 39,500 8,140 9,600 8,140 15,585 46,500 40,500 79,000 15,585 15,500 15,585 112,400 410 651 367 619 190 147 430 280 178 243 STONE TYPE CZ-GTMA-26X13Y CZ-GTMA-3X1.5R CZ-GTMA-3X1.5W CZ-GTMA-4X2B CZ-GTMA-4X2G CZ-GTMA-4X2O CZ-GTMA-4X2P CZ-GTMA-4X2R CZ-GTMA-4X2T CZ-GTMA-4X2V CZ-GTMA-4X2W CZ-GTMA-4X2Y CZ-GTMA-5X2.5B CZ-GTMA-5X2.5G CZ-GTMA-5X2.5O CZ-GTMA-5X2.5P CZ-GTMA-5X2.5R CZ-GTMA-5X2.5T CZ-GTMA-5X2.5V CZ-GTMA-5X2.5W CZ-GTMA-5X2.5Y CZ-GTMA-6X3B CZ-GTMA-6X3G CZ-GTMA-6X3O CZ-GTMA-6X3P CZ-GTMA-6X3R CZ-GTMA-6X3T CZ-GTMA-6X3V CZ-GTMA-6X3W CZ-GTMA-6X3Y CZ-GTMA-7X3.5B CZ-GTMA-7X3.5G CZ-GTMA-7X3.5O CZ-GTMA-7X3.5P CZ-GTMA-7X3.5R CZ-GTMA-7X3.5T CZ-GTMA-7X3.5V CZ-GTMA-7X3.5W CZ-GTMA-7X3.5Y CZ-GTMA-8X4B CZ-GTMA-8X4G CZ-GTMA-8X4R CZ-GTMA-8X4T CZ-GTMA-8X4W CZ-GTMA-8X4Y CZ-GTOV-10X8B CZ-GTOV-10X8G CZ-GTOV-10X8R CZ-GTOV-10X8T CZ-GTOV-10X8V PRICE (In VND) 65,000 950 350 420 425 420 420 1,108 3,350 396 285 398 527 507 522 492 1,560 4,300 501 413 497 644 631 635 615 2,140 5,350 628 560 624 1,128 1,183 1,083 1,046 3,820 7,125 1,027 916 1,051 1,600 1,400 6,100 9,500 1,200 1,400 4,700 19,770 10,516 22,815 7,916 PRICE (In VND) CZ-GTTS-15X15Y 72,000 CZ-GTTS-20X20B 123,571 CZ-GTTS-20X20G 22,155 CZ-GTTS-20X20R 40,005 CZ-GTTS-20X20T 22,155 CZ-GTTS-20X20V 57,855 CZ-GTTS-20X20W 50,224 CZ-GTTS-20X20Y 131,285 CZ-RD-1.0G 280 CZ-RD-1.0O 150 CZ-RD-1.0R 200 CZ-RD-1.0T 250 CZ-RD-1.0W 75 CZ-RD-1.0Y 150 CZ-TRON-10.0B 23,000 CZ-TRON-10.0G 26,167 CZ-TRON-10.0R 27,380 CZ-TRON-10.0T 24,125 CZ-TRON-10.0V 29,500 CZ-TRON-10.0Y 23,000 CZ-TRON-12.0B 35,000 CZ-TRON-12.0G 45,750 CZ-TRON-12.0R 45,625 CZ-TRON-12.0T 41,333 CZ-TRON-12.0V 47,250 CZ-TRON-12.0Y 35,000 CZ-TRON-14.0B 43,000 CZ-TRON-14.0G 55,000 CZ-TRON-14.0R 68,500 CZ-TRON-14.0T 58,667 CZ-TRON-14.0V 64,500 CZ-TRON-14.0Y 43,000 CZ-TRON-4.0R 2,450 CZ-TRON-5.0R 5,000 CZ-TRON-6.0G 10,150 CZ-TRON-6.0R 12,175 CZ-TRON-6.0T 10,667 CZ-TRON-6.0V 9,200 CZ-TRON-6.0Y 12,000 CZ-TRON-8.0B 19,667 CZ-TRON-8.0G 15,333 CZ-TRON-8.0R 15,750 CZ-TRON-8.0T 15,875 CZ-TRON-8.0V 17,500 CZ-TRON-8.0Y 18,000 NANH-LOAITHUONG 33,333 PERD-10.0B 2,900 PERD-10.0W 2,900 PERD-12.0B 4,500 PERD-12.0P 7,300 STONE TYPE STONE TYPE CZ-GTCN-15X12V CZ-GTCN-15X12W CZ-GTCN-15X12Y CZ-GTCN-15X8B CZ-GTCN-15X8G CZ-GTCN-15X8R CZ-GTCN-15X8T CZ-GTCN-15X8V CZ-GTCN-15X8W CZ-GTCN-15X8Y CZ-GTCN-16X10B CZ-GTCN-16X10G CZ-GTCN-16X10R CZ-GTCN-16X10T CZ-GTCN-16X10V CZ-GTCN-16X10W CZ-GTCN-16X10Y CZ-GTCN-16X14B CZ-GTCN-16X14G CZ-GTCN-16X14R CZ-GTCN-16X14T CZ-GTCN-16X14Y CZ-GTCN-19X16B CZ-GTCN-19X16G CZ-GTCN-19X16R CZ-GTCN-19X16T CZ-GTCN-19X16V CZ-GTCN-19X16W CZ-GTCN-19X16Y CZ-GTCN-20X10R CZ-GTCN-20X10V CZ-GTCN-20X13B CZ-GTCN-20X13G CZ-GTCN-20X13R CZ-GTCN-20X13T CZ-GTCN-20X13V CZ-GTCN-20X13W CZ-GTCN-20X13Y CZ-GTCN-20X6B CZ-GTCN-20X6G CZ-GTCN-20X6R CZ-GTCN-20X6T CZ-GTCN-20X6V CZ-GTCN-20X6W CZ-GTCN-20X6Y CZ-GTCN-35X10B CZ-GTCN-35X10G CZ-GTCN-35X10R CZ-GTCN-35X10T CZ-GTCN-35X10V PRICE (In VND) 21,353 21,535 21,535 17,844 16,619 16,619 16,619 17,844 16,879 17,844 23,037 33,899 35,849 33,349 34,019 22,035 23,037 67,143 64,000 69,429 71,550 65,000 32,553 30,450 30,383 30,450 32,553 30,383 32,553 50,000 50,000 58,029 71,333 69,522 64,480 58,029 34,055 36,058 24,113 20,903 20,903 20,903 24,113 23,148 24,113 55,645 48,035 48,035 48,035 55,645 STONE TYPE CZ-GTSQ-15X15Y CZ-GTSQ-15X4B CZ-GTSQ-15X4G CZ-GTSQ-15X4R CZ-GTSQ-15X4T CZ-GTSQ-15X4Y CZ-GTSQ-2.0W CZ-GTSQ-2.25W CZ-GTSQ-2.5W CZ-GTSQ-3.5W CZ-GTSQ-3X3W CZ-GTSQ-4X4R CZ-GTSQ-4X4T CZ-GTSQ-4X4W CZ-GTSQ-4X4Y CZ-GTSQ-5X5G CZ-GTSQ-5X5R CZ-GTSQ-5X5T CZ-GTSQ-5X5W CZ-GTSQ-6X6B CZ-GTSQ-6X6G CZ-GTSQ-6X6R CZ-GTSQ-6X6T CZ-GTSQ-6X6V CZ-GTSQ-6X6W CZ-GTSQ-6X6Y CZ-GTSQ-7X7B CZ-GTSQ-7X7G CZ-GTSQ-7X7R CZ-GTSQ-7X7T CZ-GTSQ-7X7W CZ-GTSQ-8X8B CZ-GTSQ-8X8G CZ-GTSQ-8X8R CZ-GTSQ-8X8T CZ-GTSQ-8X8V CZ-GTSQ-8X8W CZ-GTSQ-8X8Y CZ-GTSQ-9X9B CZ-GTSQ-9X9G CZ-GTSQ-9X9R CZ-GTSQ-9X9T CZ-GTTC-10X8B CZ-GTTC-10X8G CZ-GTTC-10X8R CZ-GTTC-10X8T CZ-GTTC-10X8V CZ-GTTC-10X8W CZ-GTTC-10X8Y CZ-GTTC-12X10B PRICE (In VND) 66,000 11,945 11,945 11,945 11,945 11,945 155 300 317 500 2,181 3,300 4,800 2,053 800 1,300 5,500 6,600 3,279 5,000 5,000 3,928 8,300 2,855 3,691 5,000 2,800 3,000 10,000 15,000 5,962 8,000 8,000 7,271 17,400 6,541 6,963 8,000 5,500 5,500 16,000 22,600 14,468 25,077 14,468 14,468 14,468 13,503 14,468 18,326 STONE TYPE CZ-GTOV-8X6W CZ-GTOV-8X6Y CZ-GTOV-9X7B CZ-GTOV-9X7G CZ-GTOV-9X7R CZ-GTOV-9X7T CZ-GTOV-9X7V CZ-GTOV-9X7W CZ-GTOV-9X7Y CZ-GTPS-10X8B CZ-GTPS-10X8G CZ-GTPS-10X8R CZ-GTPS-10X8T CZ-GTPS-10X8V CZ-GTPS-10X8W CZ-GTPS-10X8Y CZ-GTPS-11X7B CZ-GTPS-11X7G CZ-GTPS-11X7R CZ-GTPS-11X7T CZ-GTPS-11X7W CZ-GTPS-11X7Y CZ-GTPS-11X9B CZ-GTPS-11X9G CZ-GTPS-11X9R CZ-GTPS-11X9T CZ-GTPS-11X9V CZ-GTPS-11X9W CZ-GTPS-11X9Y CZ-GTPS-12X10B CZ-GTPS-12X10G CZ-GTPS-12X10R CZ-GTPS-12X10T CZ-GTPS-12X10V CZ-GTPS-12X10W CZ-GTPS-12X10Y CZ-GTPS-12X8B CZ-GTPS-12X8G CZ-GTPS-12X8R CZ-GTPS-12X8T CZ-GTPS-12X8V CZ-GTPS-12X8W CZ-GTPS-12X8Y CZ-GTPS-14X10B CZ-GTPS-14X10G CZ-GTPS-14X10R CZ-GTPS-14X10T CZ-GTPS-14X10V CZ-GTPS-14X9B CZ-GTPS-14X9G PRICE (In VND) 2,556 5,984 3,800 19,915 10,313 17,345 4,744 3,800 3,600 4,200 4,350 12,600 17,667 4,200 4,000 4,700 10,745 4,025 4,025 4,025 9,810 10,745 6,000 11 17,250 16 6,003 5,250 6,003 6,550 14 16,008 21,209 22,038 6,550 6,550 8,278 26,123 16,730 16,000 8,278 7,545 10,639 25,000 25,000 31,700 38,233 25,076 16,353 5,085 STONE TYPE TT-GTPS-4X3R TT-GTPS-4X3T TT-GTPS-4X3V TT-GTPS-5X3G TT-GTPS-5X3R TT-GTPS-5X3T TT-GTPS-6X4G TT-GTPS-6X4R TT-GTPS-6X4T TT-GTPS-6X4V TT-GTPS-8X5G TT-GTPS-8X5R TT-GTPS-8X5T TT-GTPS-8X5V TT-GTPS-8X6G TT-GTPS-8X6R TT-GTPS-8X6T TT-GTRD-10.0G TT-GTRD-10.0R TT-GTRD-10.0T TT-GTRD-11.0G TT-GTRD-11.0R TT-GTRD-11.0T TT-GTRD-12.0G TT-GTRD-12.0R TT-GTRD-12.0T TT-GTRD-14.0G TT-GTRD-14.0R TT-GTRD-14.0T TT-GTRD-5,5G TT-GTRD-6.0G TT-GTRD-6.0R TT-GTRD-6.0T TT-GTRD-7,0G TT-GTRD-7,0R TT-GTRD-7.0T TT-GTRD-8,0G TT-GTRD-8,0R TT-GTRD-8,5G TT-GTRD-8,5R TT-GTRD-8.0T TT-GTRD-8.5T TT-GTSQ-12X12G TT-GTSQ-12X12R TT-GTSQ-12X12T TT-GTSQ-15X15G TT-GTSQ-15X15R TT-GTSQ-15X15T TT-GTSQ-6X6G TT-GTSQ-6X6R PRICE (In VND) 3,763 3,763 5,000 420 605 420 3,001 3,431 2,621 7,000 6,347 7,564 6,347 10,000 2,524 1,380 1,048 1,200 2,620 1,200 1,470 3,400 1,470 1,670 3,920 1,670 2,620 6,208 2,620 1,000 420 840 420 630 1,150 630 780 1,670 1,050 2,090 780 1,050 9,988 9,988 9,988 13,968 13,968 12,662 2,585 2,585 63 STONE TYPE CZ-CAPS-18X11B CZ-CAPS-18X11G CZ-CAPS-18X11R CZ-CAPS-18X11T CZ-CAPS-18X11V CZ-CAPS-18X11Y CZ-CAPS-18X3.3R CZ-CAPS-5X3.5B CZ-CAPS-5X3.5G CZ-CAPS-5X3.5R CZ-CAPS-5X3.5T CZ-CAPS-5X3.5V CZ-CAPS-5X3.5Y CZ-CAPS-7X5B CZ-CAPS-7X5G CZ-CAPS-7X5R CZ-CAPS-7X5T CZ-CAPS-7X5V CZ-CAPS-7X5Y CZ-CARD-10.0B CZ-CARD-10.0G CZ-CARD-10.0R CZ-CARD-10.0V CZ-CARD-10.0W PRICE (In VND) 37,000 37,000 37,000 37,000 37,000 37,000 13,600 3,730 7,873 6,238 6,939 2,426 3,713 4,198 9,340 7,483 8,107 3,396 4,198 15,000 15,000 15,000 15,000 15,000 PRICE (In VND) CZ-GTRD-2.5B 350 CZ-GTRD-2.5G 1,500 CZ-GTRD-2.5R 1,000 CZ-GTRD-2.5T 750 CZ-GTRD-2.5W 330 CZ-GTRD-2.5Y 680 CZ-GTRD-2.75W 400 CZ-GTRD-2.8W 160 CZ-GTRD-2.9W 500 CZ-GTRD-3.0.T 1,255 CZ-GTRD-3.0B 680 CZ-GTRD-3.0G 1,715 CZ-GTRD-3.0R 885 CZ-GTRD-3.0V 295 CZ-GTRD-3.0W 387 CZ-GTRD-3.0Y 355 CZ-GTRD-3.25W 375 CZ-GTRD-3.5B 763 CZ-GTRD-3.5G 2,960 CZ-GTRD-3.5O 430 CZ-GTRD-3.5R 1,480 CZ-GTRD-3.5T 2,270 CZ-GTRD-3.5V 385 CZ-GTRD-3.5W 550 STONE TYPE STONE TYPE CZ-GTOV-10X8W CZ-GTOV-10X8Y CZ-GTOV-11X9B CZ-GTOV-11X9G CZ-GTOV-11X9R CZ-GTOV-11X9T CZ-GTOV-11X9W CZ-GTOV-12X10B CZ-GTOV-12X10G CZ-GTOV-12X10R CZ-GTOV-12X10T CZ-GTOV-12X10V CZ-GTOV-12X10W CZ-GTOV-12X10Y CZ-GTOV-12X9B CZ-GTOV-12X9G CZ-GTOV-12X9R CZ-GTOV-12X9T CZ-GTOV-12X9Y CZ-GTOV-14X10B CZ-GTOV-14X10G CZ-GTOV-14X10R CZ-GTOV-14X10T CZ-GTOV-14X10V PRICE (In VND) 4,000 4,700 5,500 28,750 16,000 30,000 6,000 7,500 7,000 23,925 35,000 6,800 6,500 7,500 6,845 6,845 6,845 6,845 13,825 9,000 8,500 19,500 40,667 9,000 STONE TYPE PERD-12.0W PERD-14.0B PERD-14.0W PERD-16.0B PERD-16.0W PERD-5.0B PERD-5.0W PERD-6.0B PERD-6.0W PERD-7.0B PERD-7.0W PERD-8.01B PERD-8.0B PERD-8.0W PERD-9.0B PERD-9.0W TT-CAMA-24X9B TT-CAMA-24X9G TT-CAMA-24X9R TT-CAMA-24X9T TT-CAOV-10X10G TT-CAOV-10X10R TT-CAOV-10X10T TT-CAOV-10X8G PRICE (In VND) 4,500 7,000 8,000 8,650 8,650 1,700 1,700 1,800 1,800 1,900 1,900 2,000 2,000 2,000 2,800 2,800 19,867 19,867 19,867 19,867 6,469 6,469 6,469 6,428 STONE TYPE CZ-GTCN-35X10W CZ-GTCN-35X10Y CZ-GTCN-5X3B CZ-GTCN-5X3G CZ-GTCN-5X3O CZ-GTCN-5X3R CZ-GTCN-5X3T CZ-GTCN-5X3V CZ-GTCN-5X3W CZ-GTCN-9.5X7.5B CZ-GTCN-9.5X7.5G CZ-GTCN-9.5X7.5R CZ-GTCN-9.5X7.5T CZ-GTCN-9.5X7.5V CZ-GTCN-9.5X7.5W CZ-GTCN-9.5X7.5Y CZ-GTCU-10X10B CZ-GTCU-10X10G CZ-GTCU-10X10R CZ-GTCU-10X10V CZ-GTCU-10X10W CZ-GTCU-10X10Y CZ-GTCU-10X9G CZ-GTCU-10X9T PRICE (In VND) 48,968 55,645 800 850 800 3,200 4,800 800 650 11,426 10,387 10,387 10,387 11,426 10,387 11,426 5,355 5,355 5,355 13,003 9,405 9,318 13,000 13,000 PRICE (In VND) CZ-GTTC-12X10G 18,326 CZ-GTTC-12X10R 18,326 CZ-GTTC-12X10T 18,326 CZ-GTTC-12X10V 18,326 CZ-GTTC-12X10W 16,879 CZ-GTTC-12X10Y 18,326 CZ-GTTC-14X10B 20,232 CZ-GTTC-14X10G 20,232 CZ-GTTC-14X10R 20,232 CZ-GTTC-14X10V 20,232 CZ-GTTC-14X10W 19,735 CZ-GTTC-14X10Y 20,232 CZ-GTTC-14X12B 12,218 CZ-GTTC-14X12G 12,218 CZ-GTTC-14X12R 12,218 CZ-GTTC-14X12T 12,218 CZ-GTTC-14X12V 16,350 CZ-GTTC-14X12W 16,350 CZ-GTTC-14X12Y 16,350 CZ-GTTC-14X8B 16,397 CZ-GTTC-14X8G 15,223 CZ-GTTC-14X8R 15,223 CZ-GTTC-14X8T 15,223 CZ-GTTC-14X8V 16,397 STONE TYPE STONE TYPE CZ-GTPS-14X9R CZ-GTPS-14X9T CZ-GTPS-14X9W CZ-GTPS-14X9Y CZ-GTPS-15X9B CZ-GTPS-15X9G CZ-GTPS-15X9R CZ-GTPS-15X9T CZ-GTPS-15X9V CZ-GTPS-15X9W CZ-GTPS-15X9Y CZ-GTPS-16X10B CZ-GTPS-16X10V CZ-GTPS-16X10Y CZ-GTPS-16X9B CZ-GTPS-16X9T CZ-GTPS-16X9W CZ-GTPS-16X9Y CZ-GTPS-3X2B CZ-GTPS-3X2R CZ-GTPS-3X2V CZ-GTPS-3X2W CZ-GTPS-4X3B CZ-GTPS-4X3G CZ-GTPS-4X3R PRICE (In VND) 5,085 5,085 14,950 16,353 16,820 44,871 27,195 25,375 16,820 15,885 19,410 33,000 33,000 33,000 21,899 15,113 20,083 21,899 600 2,300 600 585 978 1,933 3,398 STONE TYPE TT-GTSQ-6X6T TT-GTSQ-8X8G TT-GTSQ-8X8R TT-GTSQ-8X8T TT-GTTR-11X11G TT-GTTR-11X11R TT-GTTR-11X11T TT-GTTR-5X5G TT-GTTR-5X5R TT-GTTR-5X5T TT-GTTR-6X6G TT-GTTR-6X6R TT-GTTR-6X6T TT-GTTS-10.5X10.5G TT-GTTS-10.5X10.5R TT-GTTS-10.5X10.5T TT-GTTS-10.5X10.5V TT-GTTS-15X15G TT-GTTS-15X15R TT-GTTS-15X15T TT-GTTS-15X15V TT-GTTS-20X20G TT-GTTS-20X20R TT-GTTS-20X20T TT-GTTS-20X20V PRICE (In VND) 2,585 4,893 4,893 4,893 15,905 15,905 15,905 6,898 6,898 6,898 8,875 8,875 8,875 16,833 21,957 17,251 24,900 55,504 54,463 51,876 75,500 96,154 101,867 99,579 166,600 References World Gold Council Gold demand trends: Full year 2015 [Internet] 2016 [cited 2016 November 30] Available from: http://www.gold.org/download/file/4815/GDT_Q4_2015.pdf Li Q, Wang T Financial reporting quality and corporate investment efficiency: Chinese experience Nankai Business Review International 2010;1(2):197-213 Weygandt JJ, Kieso DE, Kimmel PD, Kell WG Accounting principles 12th ed New Jersey: Wiley; 2014 Hansen D, Mowen M, 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cost management systems: Text, cases, and readings Englewood-Cliffs, New Jersey: Prentice Hall;1991 14 Hitt LM, Wu DJ, Zhou X Investment in enterprise resource planning: Business impact and productivity measures Journal of Management Information Systems 2002;19(1):71-98 15 Cheah SJ, Shahbudin ASM,Taib FM Tracking hidden quality costs in a manufacturing company: An action research The International Journal of Quality & Reliability Management 2011;28(4):405-25 16 James W, Elmezughi A The combined effect of costing and performance management systems on performance, moderated by strategy: Australian context Accounting, Accountability & Performance 2010;16(1/2):51-84 17 ầulha A, Yalỗin C The determinants of the price-cost margins of the manufacturing firms in Turkey METU Studies in Development 2005;32(2):303-31 ...UNIVERSITY OF ECONOMICS HO CHI MINH CITY INTERNATIONAL SCHOOL OF BUSINESS (ISB) Vietnam’s Jewelry manufacturing industry: the problem of cost management and profit margin in Sakura Ltd Company Instructor:... from financial report of the company Moreover, the gross profit margin of the division in 2013 is -11.2%, -12.5% for 2014 and in 2015, it continue to lower to -12.7% As gross profit margin is the. .. this company pricing strategy From the beginning, there should be question about the reason for a plastic company investing in jewelry manufacturing In fact, thanked to the specialty of Sakura in