Key Players in the Vietnam Silver Market | Competitive Landscape 2026

Vietnam Silver Market Overview

According to 6Wresearch, the Vietnam silver market is estimated to grow in the coming years, due to the rise in demand for high-purity industrial silver and investment-grade precious metal. Silver is generally used in high-tech industries such as photovoltaics, semiconductors, and electronic components, driven by Vietnam's growing role as a global electronics manufacturing hub.

The market for silver refining and processing is also growing, due to the need for automation and technology in this field for better purity and output efficiency. The market is further impacted by the expansion of the jewellery export sector and the need for high-specification precious metals in manufacturing complex electronic circuits and advanced renewable energy components.

Competitive Landscape

The competitive landscape of the Vietnam Silver Industry is categorized by the existence of several renowned brands and emerging companies. Dominant players have a large market share, due to their specialization in metal smelting, refining solutions, and extensive retail networks.

Below is a list of leading players operating in the Vietnam Silver Market:

1. Saigon Jewelry Company Limited (SJC)

SJC is the state-owned giant in Vietnam's precious metals market, dominating the investment silver bar and high-purity industrial supply segments.

2. DOJI Gold & Silver Group

DOJI is a premier private group specializing in the mining, refining, and trading of precious metals, such as silver.

3. Phu Nhuan Jewelry Joint Stock Company (PNJ)

PNJ is a leader in silver fabrication, focusing on high-end silver jewellery and industrial alloys for the domestic and export markets.

4. Bao Tin Minh Chau (BTMC)

BTMC utilizes advanced processing technologies to produce high-purity silver products for both consumers and industrial users.

5. Phu Quy Gold, Silver & Gemstone Group

Phu Quy is a major player in the distribution of silver bars and investment-grade precious metals, catering to the demand for wealth preservation.

6. Ben Thanh Jewelry (BTJ)

BTJ focuses on silver processing and the production of industrial silver components for the electronics sector.

7. VietinBank Gold & Jewellery

This company provides certified silver bullion and professional precious metal trading services.

8. HanaGold Jewelry Joint Stock Company

An emerging fintech-driven player specializing in the digitalization of silver and gold assets, targeting younger investors through mobile platforms.

9. Shinhan Zinc-Lead Co., Ltd (Vietnam)

This company contributes to the domestic silver supply through secondary recovery and smelting of non-ferrous metals.