HCM CITY — Sustainable development will be the foundation for restructuring and orienting its businesses, Novaland Investment Group Corporation told shareholders at its annual general meeting on Thursday. It would focus on the three pillars of environment - society – governance to ensure sustainability and harmonise the benefits of customers, shareholders, investors, and the community. For 2023 it targeted revenues of VNĐ9.5 trillion (US$405 million) and profits of VNĐ214 billion ($9.1 million), cautious targets since market conditions are not favourable. Its consolidated profit after tax was VNĐ2.2 trillion ($93.8 million), down 36.8 per cent and 33 per cent of the target. In 2024-25 it plans to develop two urban projects in HCM City and one satellite urban project in its vicinity.
