The Board of Directors of Novaland (NVL) has set March 25 as the deadline for registering shareholders to attend the annual meeting on April 24, 2025. The company aims for a revenue of 21 trillion VND and a profit of 1.4 trillion VND for 2025, recovering from a loss of 4.3 trillion VND in 2024. Novaland plans to deliver over 3,000 products, focusing on several projects in Ho Chi Minh City. The company will launch two new projects, Park Avenue and Palm City, with construction permits expected in March and June 2025. Novaland needs to address legal issues for several projects and is awaiting specific guidance. Financially, Novaland has delayed payments of nearly 906 billion VND in principal and interest on bonds due to cash flow issues.
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