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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Nam Kim Steel Joint Stock Company (NKG-HOSE) has disclosed an insider-related transaction involving Mr. Ho Minh Phat, the son of Mr. Ho Minh Quang, Chairman of the Board of Directors of NKG. Mr. Phat registered to purchase 5 million NKG shares for personal financial investment purposes. The transaction is expected…
Novaland’s representative outlined the group’s 2026 business plan, targeting revenue of 22,715 billion VND and after-tax profit of 1,852 billion VND. Compared with 2025 revenue of about 7,000 billion VND, the company expects revenue to rise by more than threefold, while profit is forecast to remain at roughly the same level. The company noted that in 2025, profit mainly came from completing provisioning related to the Lakeview City project in Ho Chi Minh City rather than from ongoing business operations. The 2026 profit target is based on operating profit.
Novaland said geopolitical uncertainty and the US–Iran conflict prompted adjustments to a more cautious set of assumptions. It also cited a high interest-rate environment as a factor weighing on profitability, noting that most homebuyers use leverage and developers must support customers by subsidizing interest costs, which increases overall costs.
On debt, Novaland stated that more than 90% of outstanding bonds are held by banks and financial institutions, which are actively supporting the group in resolving its obligations. For private investors, the company said about 30–40% of bond debt has been addressed. By 2026, Novaland aims to settle roughly 90% of bond debt through measures including selling secured assets, swapping assets, and converting bonds to shares.
As of end-2025, Novaland reported it had reduced about 18% of privately issued bond debt, cutting more than 3,324 billion VND through bond-for-equity swaps and conversions of portions of international bonds. The company also said new loan facilities have been disbursed to provide critical funding to accelerate project implementation.
Novaland reported that total credit lines approved or planned to be extended for projects total nearly 30,500 billion VND, with disbursements made in line with construction progress.
The company said rising construction-material prices have affected project costs. It highlighted notable increases in bricks, stone, and sand, while steel and cement prices have not risen due to domestic supply. Novaland added that it has used reserve funds to cushion cost increases.
To meet its 2026 plan, Novaland said it will accelerate the completion and handover of major projects including Aqua City, NovaWorld Phan Thiết, NovaWorld Hồ Tràm, The Grand Manhattan, Victoria Village, and Palm City. The company also plans to push for the granting of land-use certificates at Sunrise Riverside, Kingston Residence, The Sun Avenue, Lucky Palace, Sunrise City, Orchard Garden, Palm City, Tresor, Golden Mansion, and Garden Gate.
Novaland stated that the comprehensive restructuring phase 1 is largely complete, with improvements in finances, governance, and project progress. The company identified 2026 as a pivotal year to complete restructuring, return to growth, and fulfill commitments to customers and investors.
Source: Đại Việt
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…
