NovaGroup, Bui Cao Nhat Quan to buy 10 million Novaland shares
NovaGroup Joint Stock Company (NovaGroup) has just registered to buy 8 million shares of No Va Real Estate Investment Group Joint Stock Company (Novaland) by a transfer of share ownership.
NovaWorld Phan Thiet (Binh Thuan) - Economic and tourism urban of Novaland. Photo courtesy of NovaGroup
Hanoi, (VNA) - 🌜NovaGroup Joint Stock Company (NovaGroup) has just registered to buy 8 million shares of No Va Real Estate Investment Group Joint Stock Company (Novaland) by a transfer of share ownership.
NovaGroup is currently the largest shareholder in Novaland with the ownership ratio of 37.0200%. If the purchase of an additional 8 million shares of NVL is completed as planned, NovaGroup's ownership rate in Novaland will increase to over 37.4%, equivalent to 729,830,010 shares.
Bui Cao Nhat Quan (son of Bui Thanh Nhon - Chairman of the Board of Directors of NovaGroup) has also registered to buy an additional 2 million shares of Novaland, planning to increase his stake to 83,242,008 shares.
Recently, NovaGroup has also increased its direct ownership in Novaland when Bui Thanh Nhon and his wife Cao Thi Ngoc Suong completed the agreement to swap Novaland's shares (NVL) to NovaGroup instead of public tender offering. This was approved at Novaland's Annual General Meeting of Shareholders in 2021 in accordance with Resolution No. 15/2021-NQ.DHDCD-NVL dated April 27, 2021 and does not reduce direct and indirect ownership rates relating to voting rights in Novaland.
This ownership structure is part of the restructuring process to synchronize with the NovaGroup’s ecosystem including 8 member corporations: Novaland, Nova Service, Nova Consumer, Nova Tech, Nova Capital Partners, Nova Logistic, Nova Industry, Nova Finance. The business restructuring was clearly planned in advance, widely announced and implemented via previous phases.
Continuing to increase NovaGroup's ownership in Novaland shows the commitment of NovaGroup as well as Nhon and his family, along with the Board of Directors, to continuing to lead and strengthen the development of Group and other members within the Group, thus ensuring a better growth ecosystem according to the set roadmap, bringing optimal efficiency to customers, investors as well as contributing to the sustainable development of the community and society./.
Nova Hospitality, a member of Nova Service, has been officially launched and it has signed agreements with two of the world's leading hotel management companies, Accor and Marriott International.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
NovaWorld Phan Thiet (Binh Thuan) - Economic and tourism urban of Novaland. Photo courtesy of NovaGroup
