Real estate enterprises focus on restructuring in 2025

At the 2025 Annual General Meeting, Hai Phat Invest (HPX) announced its plans to resolve all bond debt and not pay dividends in 2024 to strengthen its financial position. The company has already paid off an additional 300 billion VND in bond debt and plans to buy back 30 billion VND more, reducing its debt to approximately 500 billion VND. Alongside, it aims to continue developing major projects such as Cao Bang and Bac Giang.

VPI also will not distribute dividends and will focus on project development, setting a revenue target of 2,450 billion VND. The company intends to change its name to affirm its focus on real estate.

DIG plans to borrow 2.223 trillion VND from banks and issue stock to raise funds for large projects. It expects to issue 186.6 million shares in 2025.

Novaland (NVL) presented two business plans, with revenues ranging from 10.453 to 13.411 trillion VND, but both forecasted losses. The company decided to cancel the share issuance for existing shareholders and instead opt for a private placement of 350 million shares to finance debts and supplement working capital.

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