On June 18, Novaland announced that its Aqua City project in Bien Hoa City has completely removed all legal obstacles after more than 3 years. The People’s Committee of Bien Hoa City issued decisions to approve zoning adjustments for the project. These adjustments allow Aqua City to continue construction and restore confidence in the real estate market after a long period of stagnation. The company highlighted the proactive role of the Government’s Working Group in this process. The legal system ensures consistency from zoning plans to the overall zoning of Bien Hoa City, laying the foundation for banks to continue disbursing support for the project. The total capital disbursed so far is approximately 3.25 trillion VND, with additional commitments of over 10 trillion VND from financial institutions. On the stock market, Novaland’s NVL shares have risen about 30% in the past month, with positive forecasts from securities companies regarding Novaland’s recovery potential.
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