Property developer Novaland appoints first foreign CEO
Housing developer Novaland, a subsidiary of Vietnamese conglomerate NovaGroup, officially appointed Dennis Ng Teck Yow as CEO from Friday.
Replacing Nguyen Ngoc Huyen, the Malaysian national has become the first foreign CEO of Novaland.
Yow boasts nearly 30 years of experience and has held various senior executive positions in business strategy development, project investment and development, personnel development, financial analysis and planning at domestic and international real estate investment and management companies.

Dennis Ng Teck Yow, newly-appointed CEO of Novaland. Photo courtesy of the company.
In the current challenging context, Novaland, Vietnam’s fourth-biggest listed property developer, is focusing on completing key projects, and handing over houses in phases to customers. At the same time, it is flexibly adjusting plans to deploy project subdivisions to suit the current situation, the company said in a release.
Novaland is also negotiating with credit institutions to arrange capital sources and with localities to remove legal issues facing its projects as soon as possible. It is focusing on completing economic urban areas that contribute to changing the appearance and improving social security in the host provinces and cities.
Novaland has experienced great changes in senior personnel. In early February, NovaGroup chairman Bui Thanh Nhon officially became chairman of Novaland. Shortly after, Bui Xuan Huy, who transferred the chairmanship to Nhon, resigned as a board member.
Later last month, Hoang Thu Chau also left her position as a board member to focus on management at NovaGroup.

NovaWorld Ho Tram - a 1,000-hectare tourism complex developed by Novaland in Ba Ria-Vung Tau province, southern Vietnam. Photo courtery of the company.
Novaland recorded a consolidated revenue of VND11,152 billion ($475.57 million) last year, down 25% year-on-year, and equal to more than 31% of its 2022 revenue target. Its 2022 consolidated after-tax profits totaled VND2,293 billion (over $97.78 million), down 34% year-on-year.
Novaland is listed on the Ho Chi Minh Stock Exchange as NVL. NVL shares closed the Friday trading session at VND11,500 ($0.49) per unit.
Dennis Ng Teck Yow graduated from the University of Hull in the U.K. with a master of business administration (MBA). He is a member of many international finance-banking and construction associations.
He boasts many years of experience in leading the implementation of commercial projects, housing and integrated urban area projects meeting domestic and international standards. He has held senior positions at international corporations in many fields such as business strategy development, human resources development, investment appraisal, finance and accounting.
Before being appointed CEO of Novaland, he was CEO of Gamuda Land Vietnam.
- Read More
Vietnam sees renewed output expansion, improved business confidence in May: S&P Global
May saw a more stable picture in terms of U.S. tariff policies than April, helping lead to a renewed expansion in output and improved business confidence, says Andrew Harker, economics director at S&P Global Market Intelligence.
Economy - Mon, June 2, 2025 | 9:18 am GMT+7
Vietnam considers developing 2 inter-regional renewable energy service and industry hubs
The Ministry of Industry and Trade (MoIT) has proposed building two inter-regional renewable energy service and industry hubs in the country.
Economy - Mon, June 2, 2025 | 8:00 am GMT+7
Investors advised to take profits from stocks having risen sharply
Investors should maintain a balanced stock allocation in their portfolios and consider buying opportunities if the VN-Index retreats to the 1,300-1,320 point range, say market experts.
Finance - Sun, June 1, 2025 | 8:10 pm GMT+7
Shares of Vietnam's leading jewelry maker PNJ jump over 30% ahead of gold inspection report
Shares of Phu Nhuan Jewelry JSC (PNJ), a leading jewelry producer in Vietnam, rallied sharply ahead of the central bank’s Friday release of its gold market inspection findings.
Companies - Sun, June 1, 2025 | 1:14 pm GMT+7
Vietnamese firm takes over 40-year-old Pierre Cardin shoe chain in Thailand
Emall Vietnam, which owns a network of 100 high-end business shoe stores under the Pierre Cardin and Oscar brands in Vietnam, has taken over the entire Pierre Cardin shoe system in Thailand.
Companies - Sun, June 1, 2025 | 10:29 am GMT+7
Southern Vietnam province Ba Ria-Vung Tau okays 53 projects
Ba Ria-Vung Tau authorities on Friday granted in-principle approvals or investment registration certificates for 53 projects, including a green light for a $400 million investment capital hike of the $5.4 billion Long Son Petrochemicals Complex.
Industries - Sun, June 1, 2025 | 8:00 am GMT+7
Who to receive over 97 mln ESOP shares from Vietnam's leading developer Novaland
Novaland, a major real estate developer in Vietnam, will simultaneously implement plans to issue bonus shares and offer ESOP (employee stock ownership plan) shares, with a total issuance rate of 5%, equivalent to more than 97 million units.
Companies - Sat, May 31, 2025 | 11:09 pm GMT+7
Vietnam billionaire Pham Nhat Vuong to contribute 48 mln Vingroup shares to VinSpeed
Billionaire Pham Nhat Vuong has registered to transfer more than 48 million Vingroup (VIC) shares to the newly-established VinSpeed that registered to build the North-South high-speed railway project.
Companies - Sat, May 31, 2025 | 7:14 pm GMT+7
Two investors propose $65 mln wind power project in central Vietnam
A consortium of Quang Tri Renewable Energy Investment JSC and Win Power Holding Pte Ltd, and Nam Binh Wind Power JSC have submitted an application to implement a 48-megawatt wind power plant in the central province of Quang Tri.
Energy - Sat, May 31, 2025 | 3:10 pm GMT+7
Central Vietnam city seeks investors for $209 mln LNG, LPG terminal project
The central city of Danang is calling for investment in an LNG and LPG terminal project worth over VND5.43 trillion ($208.7 million).
Infrastructure - Sat, May 31, 2025 | 10:52 am GMT+7
Thai-backed food giant C.P. Vietnam rejects pork safety accusations
C.P. Vietnam, a subsidiary of Thailand’s food giant Charoen Pokphand Foods Public Company Limited (CPF), has dismissed social media allegations of selling diseased pork, calling them fabricated and false.
Companies - Sat, May 31, 2025 | 8:54 am GMT+7
Oman Investment Authority to expand investment fund in Vietnam
Prime Minister Pham Minh Chinh has proposed Oman to enlarge the Vietnam-Oman Investment Fund (VOI) to $1 billion to better cater for the Southeast Asian country's investment needs.
Economy - Fri, May 30, 2025 | 11:26 pm GMT+7
Japanese retailer Aeon to build 2-hectare mall in Vietnam’s Mekong Delta
Retail giant Aeon will develop a 2-hectare mall in the Mekong Delta province of Tien Giang, with an estimated investment of VND1.16 trillion ($44.6 million).
Industries - Fri, May 30, 2025 | 4:44 pm GMT+7
76% of Vietnamese survey respondents say trade uncertainty encourages them to explore new opportunities: HSBC
Vietnamese businesses have experienced exponentially higher cost increases than the global average and are expecting additional short-term costs due to trade uncertainty. But many survey respondents (76%) think trade uncertainty has encouraged their business to evolve and explore new opportunities, write HSBC analysts.
Consulting - Fri, May 30, 2025 | 2:41 pm GMT+7
Vietnamese firm lands first $1 mln order on Alibaba after 8-year struggle to export
After five months of operating a virtual storefront on Alibaba’s B2B e-commerce platform, Sukavina Co., Ltd., a Binh Duong province-based manufacturer of metal tables, chairs, and beds, secured its first international order, marking a significant milestone in the company’s eight-year journey to global markets.
Companies - Fri, May 30, 2025 | 2:37 pm GMT+7
AgriS partners with IFC: Optimizing environmental and social management system, accelerating net zero 2035 goal
TTC AgriS (Thanh Thanh Cong-Bien Hoa JSC or AgriS) and International Finance Corporation (IFC) - a member of the World Bank Group - has signed an MoU to strengthen sustainable development governance in alignment with global standards.
Companies - Fri, May 30, 2025 | 2:30 pm GMT+7