•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
The leadership changes at NovaGroup are proceeding in line with the succession plan that had been prepared. Specifically, Mr. Bùi Thành Nhơn—founder and Chairman of Nova Holding and Novaland (stock ticker: NVL)—handed over the decision to appoint the Chairman of NovaGroup’s Board of Directors to Mr. Bùi Cao Nhật Quân.
After the transition, Mr. Nhơn will continue to lead the long-term strategic vision at key units including Nova Holding and Novaland, ensuring stability and continuity of the Nova ecosystem.
Alongside the change at the top leadership of the board, NovaGroup also reorganized its senior management at both the Board of Directors and the Executive Management level. The new appointments include Mr. Dương Văn Bắc as a Board Member; Ms. Trần Thị Thanh Vân taking on the role of Board Member and Chief Executive Officer.
The roles of Deputy General Directors for Operations and for Investments were assigned to Ms. Phạm Thị Hồng Nhung and Ms. Trương Thị Hoàng Lan, respectively. The reorganization is part of the plan to prepare for the company’s next development phase, with governance structured around three pillars: governance, investment management, and operations governance.
Regarding development, NovaGroup’s predecessor was Thành Nhơn Trading Co., Ltd., which reorganized in 2007 to become a multi-industry economic group.
Currently, the company operates an ecosystem based on three pillars: Novaland (real estate), Nova Services (travel, services, entertainment), and Nova Consumer (agriculture, consumer goods). According to the latest financial data, as of October 2022, the charter capital of NovaGroup was reported at 5,203 billion VND.
Leadership changes at the group began to surface from late last year. According to the business registration updated in December 2025, the position of legal representative-cum-CEO was transferred from Ms. Phạm Thị Hồng Nhung to Ms. Trần Thiện Thanh Thùy.
Before taking on the leadership at NovaGroup, Thùy previously served as a Board member of Thành Thành Công Travel Joint Stock Company during 2024 to 2025.
The strengthening of senior management is expected to help the group optimize resources and enhance adaptability in the new market environment.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
