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Vietnam Jewelry Giant PNJ Forecasts Loss After Diamond Scandal

Bloomberg Markets Monday 28 September 2026, 01:47 UTC By Nguyen Kieu Giang 1 min read
Key Points

Phu Nhuan Jewelry JSC, Vietnam’s largest listed jewelry retailer, plans to slash its 2026 revenue target and forecasts a 6.27 trillion dong ($241 million) loss as it sets aside a huge provision for customer buybacks following a diamond-smuggling scandal.

Phu Nhuan Jewelry JSC, Vietnam’s largest listed jewelry retailer, plans to slash its 2026 revenue target and forecasts a 6.27 trillion dong ($241 million) loss as it sets aside a huge provision for customer buybacks following a diamond-smuggling scandal.
Vietnam Jewelry Giant (ORG) Diamond Scandal Phu Nhuan Jewelry JSC (ORG) Vietnam (LOCATION)
Originally published by Bloomberg Markets Read original →

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