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After nearly a decade largely out of the public eye, Mr. Bùi Cao Nhật Quân officially took the chair as Chairman of the Board of NovaGroup, replacing founder Bùi Thành Nhơn, marking a new phase in the group’s leadership transition. Previously, Quân served as Vice Chairman of Nova Holding—the company holding the controlling stake in NovaGroup—and also as Vice Chairman of NovaGroup. After the transition, Nhơn will focus on the role of Chairman of Nova Holding.
Shortly after the leadership change, NovaGroup announced Quân as one of three candidates proposed for election to the Board of Directors for the 2026 term.
NovaGroup is a diversified economic conglomerate founded by Bùi Thành Nhơn in 1992. Its ecosystem spans real estate (Novaland), services—travel and entertainment (Nova Service), and agriculture and consumer (Nova Consumer).
Born in 1982, Bùi Cao Nhật Quân is the son of founder Bùi Thành Nhơn. He earned a BA in Business Administration from Western Washington University in the United States. From 2007 to 2017, Quân served as a board member, Vice Chairman of the Board, and Deputy General Director of Novaland, and was a major shareholder during part of that period. In mid-2017, he resigned from all board and management positions and largely disappeared from public view for a time.
On March 16, 2026, at a signing ceremony for a comprehensive cooperation agreement between LPBank and Novaland (NVL), Quân publicly re-emerged with a role described as Chairman of the Executive Committee of Novaland. The title is not specifically defined in the company’s charter, but is described as potentially carrying significant influence over the group’s day-to-day operations.
Currently, Nhơn holds 4.33% of Novaland’s equity, while Quân holds 3.37% (down from 3.678% at end-2025 due to international bond-to-equity conversion in April 2026). The total stake of the Nhơn family in Novaland is 39.8%.
At the close of trading on 17/4, NVL shares traded at 17,050 dong per share, with a market capitalization of 38,000 billion dong.
In 2025, Novaland posted net profit after tax of over 1,800 billion dong, improving from a record loss of 4,395 billion dong in 2024. The improvement was primarily driven by a reversal of approximately 2,200 billion dong in land-use rights related to the Lakeview City project in Ho Chi Minh City.
The company also recorded a reversal of 1,271 billion dong in late penalties under other income.
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