Ninh Vân Bay Real Estate Corporation (ticker: NVT) recently announced a personnel change, with Mr. Vu Hong Quynh stepping down as CEO effective June 27, replaced by Mr. Do Quang Hai, an advisor to the management board. Mr. Quynh, born in 1972 and holding several degrees in business management and economics, was removed from the board in May 2024. Mr. Hai, born in 1970, became a board member in May 2024. For Q1 2025, Ninh Vân Bay reported total revenue of over 120 billion VND, and after-tax profit of over 22 billion VND, reducing accumulated losses to 715 billion VND. NVT targets revenues of nearly 446 billion VND and after-tax profits of approximately 51 billion VND for 2025, focusing on real estate projects and developing premium products at Six Senses Ninh Vân Bay.
Leave a Reply