In the 2024 Annual Report, Novaland’s chairman, Mr. Bui Thanh Nhon, emphasized that 2025 will be a pivotal year for the group’s restructuring, despite challenges from the global economy. Novaland set two business scenarios for 2025, with revenues ranging from 10.453 trillion to 13.411 trillion VND, possibly incurring losses of 12 to 688 billion VND. To support restructuring, the company plans to issue 350 million private shares and restructure a 300 million USD bond package. Novaland has provided over 28,000 apartments and is developing several projects in Dong Nai, Phan Thiet, and Ba Ria – Vung Tau. In 2025, Novaland will deliver 3 commercial projects, including Victoria Village – a 4.27ha complex in Thu Duc; The Grand Manhattan & Soho Residence in District 1, and the large 614ha Aqua City Phoenix Island project in Dong Nai, expected to be completed in 2026.
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