Real estate companies, including Novaland (NVL), are facing significant operational and financial challenges due to high and volatile interest rates, which are increasing costs, delaying project disbursements, and creating barriers for homebuyers, forcing firms to adopt flexible payment policies.
Bui Cao Nhat Quan has been officially appointed as Chairman of the Board of NovaGroup, replacing founder Bui Thanh Nhon, and is also a candidate for the Board of Novaland (NVL).
Bui Cao Nhat Quan has been officially appointed as Chairman of the Board of NovaGroup, replacing founder Bui Thanh Nhon, and is also a candidate for the Board of Novaland (NVL).
Novaland nominates Bui Cao Nhat Quan, son of the founder, to its Board of Directors and plans a bonus share issuance (max 40:3 ratio) and an ESOP issuance of 111.7 million shares.
Novaland (NVL) announced plans for a 40:3 stock bonus from capital surplus and an ESOP issuance of approximately 111.7 million shares at a minimum price of 10,000 VND/share, to be voted on at the upcoming AGM.
Novaland (NVL) has nominated Bui Cao Nhat Quan, son of founder Bui Thanh Nhon, to its Board of Directors as part of a planned leadership transition, with the 2026 AGM scheduled for April 23.
Foreign investors were net sellers of 4,497.4 billion VND (~$179.9 million) last week, with net selling of 1,069.2 billion VND via matched orders. Net buying was concentrated in Real Estate and Basic Resources sectors (e.g., VIC, HPG), while net selling focused on Information Technology (e.g., FPT, BID).
Foreign investors were net sellers of nearly 4,689 billion VND (~$187.56 million) across the Vietnamese market for the week of April 13-17, with FPT being the most heavily sold stock at about 1,176 billion VND, while VIC led net buying at 1,430 billion VND.
Major real estate firms Novaland, Dat Xanh, and Vinaconex are undergoing significant leadership changes ahead of their 2026 AGMs, including a generational transfer at NovaGroup.
NovaGroup founder Bui Thanh Nhon has transferred the role of Chairman of the Board of Directors to his son, Bui Cao Nhat Quan, as part of a planned long-term succession strategy, with key leadership appointments also announced.
NovaGroup, the parent company of Novaland (NVL), announced that founder Bui Thanh Nhon has transferred the Chairman of the Board role to his son, Bui Cao Nhat Quan, as part of a planned succession.
Foreign investors were net sellers of 1,129.9 billion VND (~$45.2 million) on the Vietnamese stock market, with buying concentrated in Real Estate and Basic Resources sectors (e.g., VIC, SSI, HPG) and selling focused on the Information Technology sector (e.g., FPT, HCM).
The VN-Index rose over 19 points to close near 1,820, led by Vingroup stocks hitting new all-time highs, while foreign investors were net sellers of over VND 1,100 billion.
VN-Index rose 19.18 points (1.07%) to 1,819.83, driven almost entirely by Vingroup stocks (VIC +6.9%, VHM +4.5%), while market breadth was negative with 105 gainers vs 213 losers. Foreign investors were net sellers of 1,185.49 billion VND (~$47.4M USD), heavily selling FPT and VHM but buying VIC, SSI, and HPG.
Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.