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Original headline: Áp lực giải chấp tại PNJ
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Related tickers and likely impact
PNJ
▼ Likely negativePhu Nhuan Jewelry
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Retail |
| Industry | Specialty Retailers |
| Market cap | 9,518 bn VND |
| P/E | 3.9 |
| P/B | 0.71 |
| Close on 10/12/2026 | 18.15 |
| Change that session | -6.92% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Gold ring and gold bar prices on the afternoon of October 15 at SJC, PNJ, DOJI, Bảo Tín Minh Châu and Bảo Tín Mạnh Hải
As of 13:45 on October 15, domestic gold prices were little changed at most brands, while Bảo Tín Minh Châu continued to cut prices for gold rings and the buying price for SJC gold bars. SJC and PNJ both listed gold rings at 139.8–142.8 million VND per lượng and SJC bars at 140.3–143.3 million VND, while DOJI bought rings at 139 million and sold at 143 million VND. Bảo Tín Minh Châu quoted rings at 138.4–142.4 million VND, and Bảo Tín Mạnh Hải held rings at 139–143 million VND. Internationally, spot gold traded around 4,135 USD per ounce, up 0.75% after falling 1.35% in the October 14 session.
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The Hanoi People's Court has returned the case of embezzlement of over VND 20 billion at a PNJ store in Aeon Mall Long Biên to prosecutors for further investigation. Accountant Nguyễn Thị Thu, charged with embezzlement, allegedly had advisers deposit customer payments into her personal accounts, then altered the accounting software to show AEON owed PNJ the same amount, using the money for online gambling. Store manager Nguyễn Hữu Hồng and cashier Nguyễn Thị Ngọc Nhi are charged with negligence causing losses of over VND 20 billion and nearly VND 9 billion respectively. The court asked for clarification of discrepancies in PNJ's per-individual statement, the responsibility of advisers who breached sales procedures, and of the supervisor who failed to detect the losses over six months.
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Domestic gold prices fell across the board from the previous session's close on October 14. In the 15:00 update, plain gold rings at the surveyed brands dropped by 500,000 to 1 million VND per tael on both buy and sell sides, with SJC and PNJ listing them at 139.8-142.8 million VND per tael. SJC, PNJ, DOJI and Bảo Tín Mạnh Hải cut gold bar prices by 1 million VND on both sides, to 140.3-143.3 million VND per tael, while Bảo Tín Minh Châu lowered only its buy price, to 138.8 million VND. Internationally, spot gold fell 1.8% to around 4,085 USD/ounce.
- PNJ Board Cuts Its Pay by 50% to Drive Restructuring
PNJ’s Board of Directors has voluntarily cut its remuneration by 50% as part of a comprehensive restructuring that includes streamlining the organization and optimizing its retail network, the company said on October 14. The top management pay cut was implemented earlier, reflecting accountability for the restructuring. PNJ has reviewed its organizational structure, staffing levels and processes, targeting a 25-30% reduction in personnel costs, to be rolled out gradually from late 2026 into 2027. The company says it will strengthen financial health, governance and risk control, and rebuild trust among customers and the market. Opening, upgrading, converting or closing stores is a routine management decision, and warranty and after-sales service for affected customers will remain available through nearby stores.
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