NO VA LAND INVESTMENT GROUP CORPORATION

NOVALAND INVESTMENT GROUP CORPORATION (NOVALAND GROUP): Navigating Real Estate with Ambition and Complexity

NO VA LAND INVESTMENT GROUP CORPORATION (Vietnamese: CÔNG TY CỔ PHẦN TẬP ĐOÀN ĐẦU TƯ ĐỊA ỐC NO VA) stands as one of Vietnam’s most notable players in the real estate development sector. With more than 32 years of operation, this joint stock company (Business ID: 0301444753) is listed on the Ho Chi Minh Stock Exchange under the ticker NVL. Headquartered at No. 65 Nguyen Du Street, Ben Nghe Ward, District 1, Ho Chi Minh City, NOVALAND remains a symbol of both ambition and the challenges inherent in Vietnam’s fast-evolving property market.

Legal and Corporate Structure

Founded on 18 September 1992, NOVALAND is a publicly held joint stock company with a charter and paid-up capital of approximately USD 801 million as of March 2025. The company is led by Chairman BUI THANH NHON, with DUONG VAN BAC as General Director and TRAN THI THANH VAN serving as Deputy General Director.

Core Business Lines

NOVALAND specializes in:

• Trading and development of residential real estate projects.

• Leasing property and land use rights.

• Civil and industrial construction.

• Real estate brokerage and consultancy.

• Ancillary services including technical testing, structural metal manufacturing, and renewable energy projects.

This diverse portfolio positions NOVALAND as more than just a developer — it is a vertically integrated group contributing to multiple phases of real estate and infrastructure development.

Financial Highlights (as of FY 2024)

Despite a remarkable surge in revenue, NOVALAND recorded a significant net loss in 2024, indicating major operational or financing pressures. The plunge into negative profitability raises questions about debt servicing, project execution delays, or write-downs — issues often seen in large-scale developers during market turbulence.

Shareholder Structure

Key shareholders include:

• NOVAGROUP CORP: 17.37%

• DIAMOND PROPERTIES JSC: 8.65%

• Individual shareholders such as BUI THANH NHON (4.96%), BUI CAO NHAT QUAN (4.01%), and CAO THI NGOC SUONG (2.6%).

Risk and Due Diligence Considerations

For stakeholders, NOVALAND's negative profit margin and asset shrinkage over consecutive years call for comprehensive company financial data analysis, risk management, and due diligence. Its ongoing operations and asset base remain strong, but future success will depend on the company’s ability to restructure finances, optimize project pipelines, and stabilize investor confidence.

Conclusion

Backed by years of experience and a diverse service portfolio, NO VA LAND INVESTMENT GROUP CORPORATION is a critical force in Vietnam’s urban landscape transformation. Yet its recent financial performance underscores the necessity for enhanced governance and risk-adjusted growth strategies. As a provider of trusted business intelligence and company reports, VANGUARD BUSINESS INFORMATION LLC (VBI) continues to monitor NOVALAND’s developments closely for investors and industry observers alike.