Tag: central economic commission

The real estate market in this locale has just received a breath of fresh air.

"In a bid to rescue Novaland Group from its financial woes, a group of shareholders associated with Mr. Bui Thanh Nhon offered up their shares for the company to sell, thereby reducing their ownership stake from 61.4% to 38.7% of the charter capital. As a result of this noble effort, Novaland is now seeking to issue shares to swap debt for equity with its major shareholder."

In the first quarter of the year, there were over 101,000 land plot transactions across the country, leading to a rapid increase in prices in certain areas. The announcement of new administrative centers in various provinces has caused a surge in land prices, creating a higher price baseline for these regions.