Vietnam's No Va Land goes for layoffs, assets sale amid fund crunch

Vietnam's No Va Land goes for layoffs, assets sale amid fund crunch

Ho Chi Minh City, Vietnam on Unsplash

Vietnam’s second-biggest listed developer, No Va Land, is firing staff and seeking urgent asset sales, company and industry sources said, as it struggles to pay creditors in the latest sign of distress in the country’s real estate sector.

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