Novaland to invest more in satellite urban, resort properties
Giant property developer Novaland Investment Group Corporation (NVL) owned more than 4,894 ha of land bank by the end of 2020, with 1,394 ha in central Ho Chi Minh City and satellite urban areas, and 3,500 ha for resort projects.
Hanoi (VNA) – Giant property developerNovaland Investment Group Corporation (NVL) owned more than 4,894 ha of landbank by the end of 2020, with 1,394 ha in central Ho Chi Minh City and satelliteurban areas, and 3,500 ha for resort projects.
The group said it will continue to invest in mid-andhigh-end segments, covering central HCM City and satellite urban areas, andresort-tourism properties.
Its leaders expect that the upgraded transportinfrastructure would give a boost to Novaland to implement such satelliteurban and resort projects.
According to a report, Novaland’s net revenue was27.49 trillion VND (1.19 billion USD) and after-tax profit was 4.1 trillionVND in 2020, up 447 percent and 5 percent year-on-year, respectively.
In the first quarter of this year, its net revenuestood at 4.5 trillion VND, a rise of 158 percent from the same period lastyear, mainly from such projects as Saigon Royal, Victoria Village, Aqua City,NovaHills Mui Ne, NovaWorld Phan Thiet and others in central HCM City.
The group’s net profit reached 701 billion VND in thethree months, up 132 percent year-on-year.
In 2021, Novaland aims to sell 10,000 products, up 40percent from the previous year, mainly projects in HCM City’s outlying areas,and resort properties./.
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong has held a meeting with the heads of various government departments to discuss how to rescue real estate projects that have been delayed due to various difficulties.
Novaland Group has partnered with Minor Hotel to manage the first branded Avaniin HCMC – AvaniSaigon at The Grand Manhattan,which is a luxury apartment complex in District 1.
Domestic and foreign capital flow is expected to bolster real estate shares after the COVID-19 pandemic as many investors are paying attention to the industry.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Illustrative photo (Source: VNA) 
