On August 21, Novaland Real Estate Investment Corporation (stock code: NVL) appointed Mr. Vo Quoc Duc as Chief Financial Officer, effective from August 21, 2025. In the first half of 2025, Novaland recorded total revenue of VND 3,715 billion and a net loss of VND 666 billion due to exchange rate fluctuations and other operations. As of June 30, 2025, total assets reached over VND 238,619 billion, with more than VND 61 trillion in liabilities and VND 32 trillion due within 12 months. Novaland has handed over 522 products, achieving 34% of its annual target and has issued nearly 1,300 pink books in Ho Chi Minh City, meeting 18% of its annual issuance target. The company is raising funds to complete key projects, reaching several important legal milestones in Q2 2025. At the end of July 2025, the The Park Avenue project in Ho Chi Minh City was issued a construction permit. The shareholders’ general meeting approved three proposals to issue shares to convert debts with a total value of up to VND 8,719 billion.
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