Phase III (2020 – now): Restructured towards the goal to of becoming the best in the market
Currently, Ninh Van Bay ongoing projects are: Six Senses Ninh Van Bay (Phase 2), Mui Ne Resort Project (total of 04 hectare), Ana Mandara Villas Dalat Resort & Spa Da Lat. NVT aspires to build a series of "Heritage Property”, continue seeking out new opportunities and preparing for future projects.
NVT decided to concentrate its resources on resort real estate via suitable forms of investment: Either by acquiring, taking over existing projects, or starting new projects. NVT will also invest in urban real-estates, with the goal of building a chain of modern urban areas.
Accordingly, the company had issued 240 billion VND worth of bonds to expand its operating capital. NVT also acquired Jessamine Tourism Investment Ltd., consequently became the parent company of its subsidiaries.
NVT established its new strategy: “Shifting its orientation on developing high-end hospitality real estates, and to continuing surveying prospects to find suitable opportunities that aligns with NVT’s goals and purpose.”
Phase II (2010 – 2019): Officially listed and resort construction starts
2013 - 2019
NVT increased charter capital to 905 billion VND resulting in an increased in shares to 90.5 million VND.
Also added 230 billion VND of bonds to restructure its debts.
By 2019, NVT completed a series of capital transfers, starting with Hai Dung Company Ltd. and Danh Viet Commerce and Services JSC. Then, moved away from Conbap Ecological Tourist Co. Ltd., moving toward a leaner organization.
NVT had completed its capital contribution to Tan Phu Tourism JSC. (Hanoi), Conbap Ecological Tourist Co. Ltd. (Quang Nam Province), Danh Viet Commerce and Services JSC. (Ho Chi Minh City), Ninh Van Bay Holiday Club Company Ltd., and EMG JSC., commenced on real estate projects and resort management.
On April 28, 2010, shares of Ninh Van Bay Travel Real Estate JSC. (NVT) were approved for listing on Ho Chi Minh City Stock Exchange. And began trading with 50.5 million shares on May 7, 2010. NVT then increased its chartered capital to 605 billion VND by the end of the year.
Phase I (2006 – 2009): Founding of Ninh Van Bay
Tuan Phong Investment and Construction JSC. restructured and renamed itself to Ninh Van Bay Travel Real Estate JSC. Merged the two companies it partly-owned, Hai Dung Ltd. and Hong Hai Tourist JSC. During this year, NVT also started the Six Senses Saigon River project (Nhon Trach District, Dong Nai Province)."
On September 26, 2006, in Hanoi, Tuan Phong Investment and Construction JSC. was established with a focus on investment, basic construction, building materials trading, interior equipment, etc. It was considered as the predecessor of Ninh Van Bay Travel Real Estate JSC.