Novaland Investment Group Corporation Overview
Pro stress-test →Novaland is a real estate developer in Vietnam with about 10,600 hectares of land and more than 50 real estate projects. The company develops three main product lines: urban real estate, tourism real estate, and industrial real estate. Novaland was listed on Vietnam's Ho Chi Minh Stock Exchange (HOSE) on December 28, 2016 with stock code "NVL".
Strategic Profile
Pro stress-test →The company anticipates completing its restructuring by end-2026 to enter a new growth cycle in 2027. In May 2026, Novaland cleared two major legal hurdles in Ho Chi Minh City, setting the stage for a surge in home delivery that could ease pressure on thousands of buyers still waiting for property titles. Novaland plans to achieve net revenue of VND 22,715 billion in 2026, a 3.26-fold increase compared to 2025.
Competitive Landscape
Pro stress-test →Novaland is described as Vietnam's largest real estate developer. Key competitors in Vietnam's real estate sector include Vingroup (Vinhomes residential division), Masterise Homes, and Kinh Bac City Development. Novaland differentiates through its large diversified land portfolio (~10,600 hectares), integrated tourism-real estate ecosystem, and focus on mega-projects in high-demand southern and central Vietnam markets. Market recovery in 2026 benefits all major developers but execution on handovers and legal clearance remains a competitive advantage.
Industry Context
Novaland Investment Group Corporation operates in Real Estate Development / Property Development.
Key facts
Founded: 1992 · Headquarters: Ho Chi Minh City, Vietnam · Employees: N/A · Revenue: VND 3.72 trillion (H1 2025; consolidated revenue from sales & services) · Market cap: N/A