The Hanoi Stock Exchange (HNX) has released an official statement regarding the principal and interest payment status of bonds issued by Nova Group Investment Corporation (Novaland, Stock Code: NVL, HoSE). According to the report, Novaland was scheduled to repay VND 113.4 billion in principal for the bond series NVLH2123007 on October 23, 2025.
However, due to insufficient funds, the company has only managed to repay VND 629 million, leaving an outstanding balance of over VND 112.8 billion. Novaland has stated that negotiations with investors are ongoing to address this payment delay.
Source: HNX
The NVLH2123007 bond series, with a total issuance value of VND 137.6 billion, was originally issued on July 23, 2021, with a two-year maturity period. The proceeds from this issuance were allocated to the development of an urban area project in Long Hung Commune, Bien Hoa City (formerly), Dong Nai Province, and other investment initiatives by the company.
In a related development, on October 20, 2025, Novaland repaid only VND 1 billion out of the VND 95.6 billion principal due for the NVLH2123003 bond series. This series, with a total issuance value of VND 220 billion, was issued on April 20, 2021, and also has a two-year maturity. The funds raised were intended for expanding real estate investment activities and land acquisition.
Separately, Mrs. Cao Thi Ngoc Suong, the spouse of Novaland’s Chairman Mr. Bui Thanh Nhon, has registered to sell nearly 17.3 million NVL shares between October 28, 2025, and November 26, 2025. The transaction will be executed via order matching and/or negotiated trading. If successful, her holdings will decrease from 50.5 million shares (2.46%) to approximately 33.3 million shares (1.624% of Novaland’s charter capital).
Additionally, Diamond Properties JSC, an entity affiliated with the Bui Thanh Nhon family, has registered to sell 2.15 million NVL shares to rebalance its investment portfolio. The transaction is expected to take place via order matching and/or negotiated trading from October 17, 2025, to October 31, 2025. Upon completion, Diamond Properties’ holdings will decrease from over 165.4 million shares to nearly 163.3 million shares, reducing its ownership stake from 8.079% to 7.974% of Novaland’s capital.
Meanwhile, Chairman Bui Thanh Nhon currently holds approximately 96.8 million shares, representing a 4.76% stake in Novaland.
Wife of Novaland Chairman Bui Thanh Nhon Sells 17.27 Million NVL Shares
Cao Thi Ngoc Suong, the wife of Novaland’s Chairman Bui Thanh Nhon, has registered to sell 17.274 million NVL shares amidst the stock’s declining performance.
Mrs. Bùi Thị Thúy Thúy Seeks to Offload Over 17 Million Novaland Shares Following Two Consecutive Limit-Down Sessions
Currently, Mrs. Suong holds nearly 50.5 million NVL shares. If the transaction is successful, her ownership stake in Novaland will decrease to 1.6%, equivalent to over 33.2 million shares.
Novaland Defers Nearly VND 95 Billion in Bond Principal Repayments
Novaland has deferred nearly VND 94.6 billion in principal payments for its NVLH2123003 bond issuance due to insufficient payment arrangements.
Prominent Vietnamese Businesswoman’s Affiliated Companies Delayed on Over VND 2.4 Trillion in Bond Payments
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Novaland Shares in Turmoil as Government Inspectorate Hands Bond Violation Case to Police
At one point during the morning session, the sell orders for NVL stocks at the floor price reached a staggering 7 million units.
