Novaland Group Joint Stock Company (Novaland, Stock Code: NVL, HoSE) has just announced a resolution by its Board of Directors to approve the use of the company’s owned assets as collateral for a loan to its subsidiary, Nova Riverside Real Estate Company Ltd., for their project in Binh Thuan province.
Nova Riverside seeks to borrow up to VND 1,750 billion with a term of 57 months. The loan will be used for their collaboration on the NovaWorld Phan Thiet project, a tourism and entertainment complex in Tien Thanh, Phan Thiet city, Binh Thuan province, with Delta – Valley Binh Thuan Ltd. as the main investor.
Novaland will use its commercial and residential properties as collateral for the loan, including a commercial and service area on the 1st floor of a building located at 128 Hong Ha, Ward 9, Phu Nhuan District, Ho Chi Minh City.
Novaland uses its assets as collateral for Nova Riverside’s loan
Additionally, other real estate properties located at 313B and 315 Nam Ky Khoi Nghia, Ward 7 (now Vo Thi Sau Ward), District 3, Ho Chi Minh City; 359F Do Xuan Hop Street and 1F Street No. 359, Phuoc Long B Residential Area, Phuoc Long B Ward, District 9 (now Thu Duc City), Ho Chi Minh City; and 34 Street 37, Thao Dien Ward, District 2 (now Thu Duc City), Ho Chi Minh City, will also be used as collateral.
The resolution also approved a framework agreement between Novaland and Nova Riverside regarding the aforementioned secured assets.
In another development, the Hanoi Stock Exchange recently published information on Novaland’s bond principal and interest payments. According to the plan, on May 23, 2025, Novaland was scheduled to pay nearly VND 906 billion in principal and interest for the bond code NVLH2123011. This included nearly VND 833.5 billion in principal and nearly VND 72.5 billion in interest.
However, due to a lack of funds, the company has only paid nearly VND 221 million in non-cash, with the remaining principal and interest of nearly VND 905.8 billion left unpaid.
The company is in ongoing negotiations with investors regarding the delayed payment of this bond’s debt.
It is known that the bond code NVLH2123011 was issued by Novaland on September 1, 2021, with a total value of VND 1,000 billion, a term of 2 years, and a maturity date of September 1, 2023.
The proceeds from this bond issuance were used for capital contribution and investment cooperation in the Phuong Hong Island urban area project in Tam Phuoc Ward, Bien Hoa City, Dong Nai Province (commercial name: Phoenix Island project) and other investment projects of Novaland.
In a similar vein, on May 18, 2025, Novaland only paid nearly VND 6.8 billion out of a total of over VND 651.9 billion in principal for the bond code NVLH2123014, with the remaining principal of over VND 645.1 billion left unpaid.
Bond code NVLH2123014 comprises 10 million bonds with a par value of VND 100,000/bond, a total issuance value of VND 1,000 billion, and an issuance date of November 18, 2021. With an 18-month term, these bonds were expected to mature on May 18, 2023.
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“Introducing the vibrant and bustling C4 Zone in Bien Hoa City, spanning across 1,500 hectares of prime land. This thriving area is a hotspot for major real estate developments, featuring renowned projects such as Aqua City, Waterfront, and the captivating Cu Lao Phuoc Hung. With a diverse range of attractions and amenities, the C4 Zone is a dynamic hub, offering a unique blend of modern conveniences and a vibrant lifestyle.”
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On May 29, 2025, the People’s Committee of Dong Nai province approved a local adjustment to the 1/5000 subdivision planning of subdivision C4 under the master plan of Bien Hoa city in Long Hung commune and a part of Tam Phuoc ward, encompassing prominent urban areas such as Waterfront, Aqua City, Cu Lao Phuoc Hung, and the Long Hung residential area.
The Overseas and Proprietary Desks Liquidate Together, While Retail Investors Keep the Race Going.
Today’s trading liquidity across the three exchanges reached nearly 23 trillion dong. Foreign investors sold a net 304.6 billion dong, with a net sell of 341.4 billion dong in matched orders alone.
Market Pulse May 29: Rising Pressure, VN-Index Temporarily Loses its Green Tint
The market succumbed to mounting pressures and surrendered its green hue as the lunch break loomed.
