The once-famous oil and gas real estate company is “paralyzed” due to lack of funds, Chairman follows his wife to withdraw nearly 30% of capital

Investment Corporation PVR Hanoi announced that Mrs. Tran Thi Tham, wife of Chairman Bui Van Phu, registered to sell nearly 12.5 million PVR shares to restructure investments. Chairman Bui Van Phu also registered to sell more than 2.72 million PVR shares. If successful, the couple will withdraw 29.28% of capital, worth about 15 billion VND. PVR shares are restricted from trading as the company ceased operations until 2025, mainly due to a lack of funds. In late October 2023, the company’s accounts were frozen due to legal disputes. All employees have left, with only a few executives working two days a week. The company is seeking new business solutions and has fallen behind on many projects. In Q1 2025, PVR reported no revenue and a loss of 383 million VND.