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Sensational salaries: This is how much Vietnam's top managers earn!
Discover the current investments and financial developments of QCG, NVL, PDR and AGG in the first half of 2025.
Sensational salaries: This is how much Vietnam's top managers earn!
On August 30, 2025, the half-yearly financial reports of several major real estate companies in Vietnam were released, notable among which are Quoc Cuong Gia Lai Joint Stock Company (QCG) and Novaland Real Estate Investment Group (NVL). Mr. Nguyen Quoc Cuong, also known as Cuong “Dollar,” was appointed Director General of QCG in 2024 and has made significant progress in this role.
In the first half of 2025, QCG reported net sales of VND242.5 billion and after-tax profit of VND10 billion, a significant improvement from the loss of VND16.6 billion in the same period last year. Chief Executive Officer Lai The Ha's income rose to VND150 million, nearly 2.3 times more than last year. Chief Accountant Pham Hoang Phuong received VND215 million, also an increase. Mr. Nguyen Quoc Cuong earned VND84 million, which is equivalent to VND14 million monthly, like vietnam.vn reported.
Novaland's financial development
Novaland, a leader in the real estate sector, released its report at the same time, recording revenue of VND3,714 billion in the first half of 2025, an increase of 62% year-on-year. Despite an after-tax loss of VND666 billion, which, however, improved compared to VND7,327 billion last year, the company is showing progress. General Manager Dương Văn Bắc earned VND2.4 billion, which is about VND400 million per month and is almost 70% more than last year. In contrast, Chairman Bùi Thành Nhơn's income remained constant at VND600 million.
Overview of other real estate companies
Phat Dat Real Estate Development Joint Stock Company (PDR) reported revenue of VND457 billion, an increase of 2.7 times compared to the first half of 2024. Profit after tax was VND115 billion, an increase of almost 13%. Nguyen Phat Dat, chairman of PDR, received nearly VND970 million, while general director Bui Quang Anh Vu earned over VND2.81 billion.
At An Gia Real Estate Investment and Development Joint Stock Company (AGG), CEO Nguyen Ba Sang received VND1.24 billion, an increase of 66%. Independent directors Le Duy Binh and Do Le Hung recorded income of VND133 million and VND333 million, respectively, both significant increases. Deputy General Manager Nguyen Mai Giang received VND680 million (increase of 35%), and Chief Accountant Nguyen Thanh Chau received VND625 million (increase of 16%), reported tuoitre.vn.