Novaland
The stock market continues to witness vibrant trading activity in NVL shares. As of the close of the session on November 18th, this marks the 5th consecutive trading day of gains for the stock (since November 12th). Notably, in less than a week, NVL’s share price has surged from 12,200 VND to 15,850 VND, representing a remarkable nearly 30% increase. During this rally, NVL hit its daily limit up on three occasions: November 12th, 14th, and 17th.
Closing the November 18th session, NVL shares settled at 15,850 VND per share, up 4.97% from the reference price. Trading volume reached nearly 36.7 million units. During the session, NVL’s price touched 16,100 VND, nearing its daily limit.
Aqua City – Novaland Urban Area
The upward momentum in NVL shares is attributed to positive developments in Novaland’s business operations. Most recently, the Dong Nai Department of Construction certified an additional 204 low-rise houses in the Ever Green 1 sub-division as eligible for sale. As of October 2025, the total number of properties in Aqua City approved for sale has reached nearly 2,400 units.
Previously, the Dong Nai Department of Construction also approved 874 units in River Park 2, 576 units in Sun Harbor 2, 561 units in Sun Harbor 3, and 171 units in Ever Green 1 for sale.
Speaking at the project completion plan announcement on November 15th, Mr. Duong Van Bac, CEO of Novaland, stated that Aqua City has overcome its challenges. According to Mr. Bac, the local authorities’ approval of the adjusted 1/500 detailed planning in late June 2025 marked the resolution of all legal hurdles for the project. To date, banks and financial institutions have disbursed and committed an additional 18,000 billion VND to support Novaland’s continued development.
Mr. Vo Tan Duc, Chairman of the Dong Nai Provincial People’s Committee, praised Novaland’s cooperation in resolving difficulties. He emphasized that Aqua City is a key project, and the province will continue to support the company in effectively implementing the project in compliance with regulations.
The Sun Avenue – Novaland
Alongside the Dong Nai project, Novaland is accelerating the issuance of land use rights certificates, such as completing over 550 certificates for residents of The Sun Avenue (Thu Duc City). Novaland aims to complete construction of Aqua City by 2026 and deliver land use rights certificates to customers between 2026 and 2027. According to the plan, Aqua City is expected to contribute approximately 23,000 billion VND to the state budget from 2025 to 2028.
However, Novaland’s financial performance remains less than impressive. In the first nine months of 2025, the company reported net revenue of nearly 5,400 billion VND, a 26% increase year-on-year. Despite this, Novaland posted an after-tax loss of 1,820 billion VND, primarily due to a sharp decline in financial income amid high financing costs.
Novaland Group Delays Debt Payments
Introducing the NVLH2123011 bond issuance, launched on September 1, 2021, with a total issuance value of 1,000 billion VND and a 2-year maturity. As of now, Novaland remains obligated to repay approximately 816 billion VND in principal and nearly 72 billion VND in interest for this bond tranche.
Gia Phú Real Estate Delays Bond Principal and Interest Payments
By November 13, 2025, Gia Phu Real Estate failed to settle a principal payment of VND 125 billion and nearly VND 32.6 billion in interest for the GPRCH2123001 bond tranche, citing inability to secure sufficient funds.
Novaland Continues to Defer Bond Payments
Novaland has once again delayed the repayment of VND 823.9 billion in principal for the NVLH2123011 bond series due to unresolved payment arrangements.
Airports, Seaports Boom Propel Top 4 GRDP Province into “Golden” Cycle, Unveiling 2 Most Investable Hotspots
Nestled within the economic powerhouse of Southeast Vietnam’s “Golden Triangle,” this province boasts an impressive GRDP of 609 trillion VND.
What’s Happening with Novaland?
Novaland’s stock liquidity is thriving, with over 17.7 million units traded in the morning session alone. A significant buying interest persists, as evidenced by the more than 5.3 million shares queued at the ceiling price.
