Company plans to establish a 10 trillion dong cryptocurrency exchange in Da Nang, profits drop 93% in Q3

HVA Investment Joint Stock Company (HVA Group) reported a Q3/2025 revenue of nearly 20 billion dongs, nearly 17 times higher than the same period last year. Pre-tax profit was about 100 million dongs, down 93% from nearly 1.5 billion dongs in the same period of 2024. Although revenue increased, the rising costs of capital and operations resulted in lower net profits. HVA is setting up a digital asset exchange, DNEX, in Da Nang with a scale of 10 trillion dongs, aiming to make Da Nang an international financial center. This project is led by HVA and has attracted attention following the government’s resolution on the pilot cryptocurrency market. Cumulatively, in the first nine months, HVA achieved nearly 61 billion dongs in revenue, a 36-fold increase, and a cumulative pre-tax profit of over 4 billion dongs.