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PNJ swung to a Q3 net loss of roughly VND 258B from a VND 496B profit a year earlier, as net revenue fell 14% to VND 6,995B. Inventory climbed to VND 16,626B, about 83% of total assets, after a buyback wave tied to the diamond smuggling scandal, with VND 1,685B of provisions booked against diamond stock.

PNJ swung to a VND 258B net loss in Q3/2026, taking cumulative losses over the last two quarters to roughly VND 996B and pulling 9-month net profit down 71% to VND 471B. Gross margin collapsed to 8.7% from 19.8% on gold-price volatility, while inventory write-downs jumped to VND 2,229B and headcount fell 13% to 7,123.

Foreign investors net sold VND 633.74B on HOSE on 30 October, with Vingroup (VIC) alone accounting for VND 353.68B of the outflow at a close of VND 241,000. VN-Index fell 0.8% to 1,741.62 and HNX-Index dropped 1.51% to 252.74, with materials and industrials leading declines while utilities rose.

The daughter of PNJ's Chairwoman may be forced to sell 2.17 million PNJ shares via margin call, which would reduce the family's ownership to about 8.49%. PNJ shares have fallen over three-quarters since the diamond scandal, erasing nearly 24,400 billion VND in market cap.

Vietnamese stocks fell broadly with the VN-Index down 0.8% and VN30 down 1.18%, dragged by banking stocks where all 13 VN30 banks declined and 20 of 28 banks fell over 1%. Blue-chips VIC, VHM and GAS recovered to cushion the index, but breadth was weak with 253 decliners on HoSE and 100 stocks down more than 2%.

VN-Index fell sharply as liquidity dried up, with blue-chips like VIC and VHM dragging the index down nearly 14 points; foreign investors turned net sellers on HoSE.

MB Securities plans to force-sell 2.17 million PNJ shares held by Tran Phuong Ngoc Giao, daughter of PNJ Chairwoman Cao Thi Ngoc Dung, following an earlier VNDIRECT margin call of 2.94 million shares in October. Multiple family members have sold large PNJ stakes recently, pressuring the stock.

Domestic gold prices fell 800,000-1.3 million VND per tael on October 30, hitting a one-month low, tracking a decline in spot gold to about $4,023.8/oz amid expectations the Fed may keep tightening.

PNJ kept SJC-branded gold bars at VND 139.7–142.7 million per lượng and its ring gold at VND 137–141 million on the morning of 30/10, unchanged from the prior close. Spot gold fell 1.4% to USD 4,008.76/oz after US Q3 GDP of 3.4% and a 0.5% monthly PCE rise lifted December Fed hike odds to roughly 80%.

PVT, PVP and PPT all closed limit-down on 29 October after PVT ran up nearly 60% between late July and early October, part of a sector-wide profit-taking wave that pulled the VN-Index down 0.62% to 1,755.61. Foreign investors sold a net VND 430 billion and only 97 HoSE names advanced against 215 decliners.

Foreign investors net sold roughly VND 430 billion across Vietnam's market on October 29, with HoSE alone at VND 459 billion net selling as the VN-Index fell 11 points to 1,756. VPBank (VPB) led net buying at about VND 83 billion, followed by HPG at VND 63 billion, while TCB and FPT absorbed the heaviest outflows near VND 118 billion and VND 115 billion.

VN-Index fell 0.62% as mid- and small-cap stocks dropped sharply amid weak afternoon liquidity, with HoSE matching value down 23% versus the morning session. Foreign investors turned net buyers of about 149.6 billion VND on HoSE, though FPT, TCB, SSI and VHM saw net selling.