A Novaland project. The company’s stock has been named again in the Viet Nam Sustainability Index. – Photo Courtesy Novaland

Property developer Novaland Group said its share has again been named in the Viet Nam Sustainability Index.

The VNSI, a cap-weighted, free float-adjusted index consisting of listed companies with the highest scores of sustainability, is announced every year in July.

Its constituents are selected from the VN100 list of the largest listed companies on the HCM City market and is designed as a reference tool or an underlying factor for the development of future financial instruments such as ETF and index derivatives.

Its targets include standardising sustainable development for listed companies, supporting organisations and individuals in identifying good companies for investment, boosting sustainable development in the economy, and supplying a new tool to foster the development of stock markets and the economy.

To be listed in VNSI, companies are carefully selected by the Ho Chi Minh Stock Exchange (HoSE).

HoSE gives companies a list of questions about stable development, and those getting big scores make the list.

Novaland is a major developer based in HCM City. Last year, it entered the hospitality market with many projects in tourism cities like Phan Thiết and Vũng Tàu.

It has won multiple property industry prizes and was named one of the best companies to work for in the country by HR Asia magazine, one of Asia’s leading human resources publications. — VNS