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2025 remains a year of volatility for the real estate market, but for Novaland it marks a “rebirth” following a comprehensive restructuring. After more than three years of persistence, the company says it has passed the toughest period, restoring construction momentum at key projects and gradually rebuilding investor confidence.
Although still in recovery, Novaland continues to maintain a high level of employee benefits. In 2025, the average salary was about 34 million VND per person per month, up nearly 3 million VND from the previous year.
Headcount also increased slightly. By the end of 2025, Novaland employed 1,219 staff, up 126 from the previous year. However, compared with 2020, the current workforce is still roughly half.
Novaland’s income levels remain relatively high compared with the broader market, even though they are lower than the peak period. The average income of Novaland staff is higher by about 10 million VND than the market average at Vingroup, which is currently around 24.4 million VND per person per month, with a workforce of more than 104,000 by end-2025.
Novaland says 2025 is a significant turning point as it gradually resumes operations. The company focuses on strengthening its financial foundation, improving governance efficiency, and resolving legal issues across many projects. Construction progress has also accelerated, with an emphasis on completing projects and handing over products to customers to improve cash flow and restore market confidence.
In business results, Novaland reported consolidated net revenue of 6,966 billion VND in 2025, down 23% from 2024. After-tax profit, however, rebounded sharply: the company posted about 1,861 billion VND in 2025 after recording a loss in the previous period.
The improvement was supported significantly by the reversal and adjustment of provisions related to financial obligations at the Lakeview City project in Q4.
Looking ahead to 2026, Novaland has set growth targets to be presented to the General Meeting of Shareholders on April 23, 2026. The company aims for net revenue of 22,715 billion VND—more than three times 2025—while after-tax profit is expected to be around 1,852 billion VND.
For 2026, Novaland’s priorities include stabilizing cash flow by accelerating product handovers. The company plans to deliver more than 2,600 products and continue launching new sales with more than 2,100 products ready to enter the market.
Over the long term, Novaland states that the total potential cash flow from its ongoing projects through 2030 could reach over 470,000 billion VND. The company says this would provide a foundation for its recovery strategy and support sustainable growth in the years ahead.
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