No Va Land Investment Group Corporation delays bond payment of hundreds of billions VND
No Va Land Investment Group Corporation (Novaland) recently announced a delay in paying VND 861 billion in principal and interest for its Novaland.Bond.2019 bond due to inability to secure funds. This debt was originally due on June 28, 2025. Since early this year, Novaland has repeatedly delayed payments for trillions of VND in bonds and anticipates being unable to repay debts until the end of 2026 due to cash flow and project legal challenges.
No Va Land Investment Group Corporation (Novaland) recently announced a delay in paying VND 861 billion in principal and interest for its Novaland.Bond.2019 bond due to inability to secure funds. This debt was originally due on June 28, 2025. Since early this year, Novaland has repeatedly delayed payments for trillions of VND in bonds and anticipates being unable to repay debts until the end of 2026 due to cash flow and project legal challenges.
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