Property developer Novaland's stock green-lighted to resume margin trading

Property developer Novaland's stock green-lighted to resume margin trading

The ticker of major real estate developer Novaland, NVL, has been removed from the list ineligible for margin trading at the Ho Chi Minh Stock Exchange (HoSE).

Finance - Thu, April 4, 2024 | 4:38 pm

Property giant Novaland sees 12-fold increase in Q4 net profit

Property giant Novaland sees 12-fold increase in Q4 net profit

Vietnam’s leading property developer Novaland reported a sudden net profit of VND1.65 trillion ($67.5 million) in the fourth quarter of 2023, 12 times higher than the same period the previous year.

Companies - Thu, February 1, 2024 | 7:00 am

NovaGroup registers to sell 43 mln Novaland shares

NovaGroup registers to sell 43 mln Novaland shares

NovaGroup has registered to sell 43 million shares in Novaland (NVL), a leading property developer in Vietnam, to balance its investment portfolio and support its debt structure and other obligations.

Companies - Sat, August 19, 2023 | 10:11 am

Developers make proposals to revitalize depressed realty market

Developers make proposals to revitalize depressed realty market

Real estate developers on Thursday voiced their ideas about how to improve Vietnam’s ailing property market in a dialogue with Prime Minister Pham Minh Chinh.

Real Estate - Thu, August 3, 2023 | 6:51 pm

M&As pick up pace in Vietnam property market

M&As pick up pace in Vietnam property market

Vietnam’s ailing real estate market is witnessing a rising number of merger and acquisition (M&A) deals, mostly with overseas buyers who can arrange capital sources to counter the credit crunch in the country.

Development potential of Vietnam's real estate market - Wed, July 12, 2023 | 3:02 pm

Property giant Novaland eyes Q3 recovery: chairman

Property giant Novaland eyes Q3 recovery: chairman

With determination and concerted efforts, leading property developer Novaland will see business activities recover in the third quarter of 2023, chairman Bui Thanh Nhon said Thursday.

Companies - Fri, June 23, 2023 | 10:25 am

NovaGroup registers to sell 136 mln Novaland shares

NovaGroup registers to sell 136 mln Novaland shares

NovaGroup has registered to sell 136.4 million shares in Novaland (NVL), a leading property developer in Vietnam, to balance its investment portfolio and support its debt structure and other obligations.

Companies - Wed, June 14, 2023 | 9:51 pm

Housing firms extend losing cycle in Q1

Housing firms extend losing cycle in Q1

Major Vietnamese housing firms Dat Xanh, Novaland, and Danh Khoi reported losses in the first quarter of 2023, while Vinhomes saw profits rising 2.5 times year-on-year.

Real Estate - Sat, June 3, 2023 | 10:00 am

Real estate major Novaland forecasts profit to plummet 90% in 2023

Real estate major Novaland forecasts profit to plummet 90% in 2023

Leading Vietnamese property developer Novaland is targeting revenue of VND9.53 trillion ($405.78 million) and post-tax profit of VND214 billion ($9.11 million) in 2023, down 14.5% and 90% year-on-year, respectively.

Companies - Thu, June 1, 2023 | 1:57 pm

Realty developer Novaland revives work on 2 more key projects

Realty developer Novaland revives work on 2 more key projects

Leading Vietnamese property developer Novaland is returning engineers to two major resort entertainment projects where work has been paused as it had run out of funds.

Real Estate - Sat, May 13, 2023 | 4:02 pm

Novaland, TPBank, Ricons join hands to complete prominent property project

Novaland, TPBank, Ricons join hands to complete prominent property project

Vietnamese real estate developer Novaland, construction firm Ricons, and TPBank signed an agreement on Wednesday to be able to finish the construction of an eye-catching property complex at the heart of Ho Chi Minh City.

Real Estate - Wed, April 19, 2023 | 5:48 pm

Novaland’s revenue down 25% in 2022 amid market woes

Novaland’s revenue down 25% in 2022 amid market woes

Vietnamese leading real estate developer Novaland earned revenue of VND11.15 trillion ($474.5 million) in 2022, a year-on-year reduction of 25%, according to its audited report.

Companies - Tue, April 18, 2023 | 3:07 pm

Deputy PM requests new working group to remove obstacles facing Novaland projects

Deputy PM requests new working group to remove obstacles facing Novaland projects

Deputy Prime Minister Tran Hong Ha has assigned the Ministry of Construction and the Ministry of Natural Resources and Environment to set up a working group to remove obstacles facing leading property developer Novaland's real estate projects in the provinces of Dong Nai and Binh Thuan.

Real Estate - Tue, April 11, 2023 | 4:14 pm

Vietnam real estate giants suffer after tough year

Vietnam real estate giants suffer after tough year

Vietnam's top 10 real estate investors in 2023 no longer include industry giants Novaland, BIM Land or Hung Thinh Land, according to Vietnam Report, a leading local ranking and research company.

Companies - Sun, April 9, 2023 | 9:54 am