Revealing real estate company leaders' income in the first half of 2025

(NLDO)- Mr. Duong Van Bac, who was appointed General Director of Novaland from November 2024, has a salary of 2.4 billion VND in the first half of 2025.

Despite the domestic real estate market still facing many challenges, the 2025 semi-annual financial reports of many "big guys" in the industry show a contrasting reality: the income of the board of directors remains high, even increasing significantly, while business results are not very promising.

Novaland suffers huge losses, but leadership salaries remain high

No Va Real Estate Investment Group Corporation (Novaland, stock code: NVL) continued to record losses in the first half of 2025, with a loss of up to VND666.2 billion. However, this figure is still much more positive than the "record" loss of VND7,327 billion in the same period last year, mainly thanks to improved business results in the second quarter of 2025. During this period, Novaland only lost VND189 billion, while in the same period last year it lost up to VND6,726 billion. The company said the reason came from increased sales revenue and a sharp decrease in financial expenses.

In addition, the cost of capital and other items were also reduced by more than VND4,370 billion. The reason is that last year, the company had to set up provisions related to financial obligations at the Nam Rach Chiec project in Ho Chi Minh City, according to the auditor's request.

Many real estate company leaders have high incomes in the first 6 months of 2025 (AI illustration).

Although the company is still in a loss-making phase, the income of Novaland's leadership remains high. In the first 6 months of 2025, Mr. Bui Thanh Nhon, Chairman of the Board of Directors of Novaland, received a salary of 600 million VND, unchanged from last year. Two other members of the Board of Directors, Mr. Pham Tien Van and Mr. Hoang Duc Hung, also maintained a salary of 300 million VND/person.

Notably, Mr. Duong Van Bac, who took on the role of general director from November 2024, received a salary of up to VND 2.4 billion in the first half of 2025, equivalent to about VND 400 million/month, an increase of 71% compared to the same period last year - when he was the company's financial director.

Deputy general directors such as Ms. Tran Thi Thanh Van and Mr. Cao Tran Duy Nam also received salaries of 1.4 billion VND and 1.34 billion VND respectively for 6 months, equivalent to about 220-230 million VND per month.

An Gia reduces profits, increases leadership salaries

At An Gia Real Estate Investment and Development Joint Stock Company (stock code: AGG), after-tax profit in the first half of the year only reached VND90.3 billion, down 58% compared to the same period. However, the income of leaders shows a trend opposite to business efficiency.

Specifically, Chairman of the Board of Directors Nguyen Ba Sang has an income of 1.24 billion VND, an increase of 66% compared to the first half of last year. Other leaders also recorded significant increases, such as Ms. Nguyen Mai Giang, Deputy General Director, with an income of 680.6 million VND (an increase of 35%); Mr. Nguyen Thanh Chau - Chief Accountant, an increase of 16%.

Phat Dat's profit is slight, but leaders' income remains unchanged.

Meanwhile, Phat Dat Real Estate Development Corporation (stock code: PDR) recorded more positive results with after-tax profit reaching VND115 billion in the first 6 months of the year, up 12% over the same period. However, the income of the company's management board remained stable compared to the previous year.

Chairman Nguyen Phat Dat received a total income of nearly 970 million VND; General Director Bui Quang Anh Vu received more than 2.8 billion VND; Vice Chairman of the Board of Directors Nguyen Tan Danh received 300 million VND. Two independent members of the Board of Directors, Mr. Tran Trong Gia Vinh and Mr. Duong Hao Ton, each received 240 million VND in the first half of the year.

Source: https://nld.com.vn/he-lo-thu-nhap-cua-cac-lanh-dao-cong-ty-bat-dong-san-trong-nua-dau-nam-2025-196250731170317044.htm