2021 was the second year of COVID-plagued economy. We started the year with relatively less severe COVID situation, but the situation turned worse around April with the Delta Variants causing daily infected cases to peak over 20,000 cases in 3Q21. Consumer behaviors were forced to change at an unprecedented rate. Digital disruption was also accelerated as a result, which also affected the real estate industry especially the residential segment. NVD would continue our quest in product development in response to the changes, while striving ahead with sustainability approach to ultimately achieve our goal of “Quality of Growth” under good corporate governance.
Aiming at “Quality of Growth”
We have resumed our originally intended strategy in developing the business model to achieve the “Quality of Growth.” Although, COVID has inevitably slow down this process to some extent. We still strongly believe that to smoothen out the revenues and earnings, NVD’s business model should at least include four business areas: real estate trading, development for sales, development for rents, and property management services. Besides, the development in this direction should also help us achieve our corporate mission in Re-define Living Solution as well.
Driving for Sustainability
In the past 2-3 years, we have initiated various projects with strong importance, not only on creating value addition, but also developing sustainability. As a result, NVD was added by the Stock Exchange of Thailand onto the list of “Thailand Sustainability Investment” (THSI) in 2021 in the Property & Construction Industry Group. The award followed our social initiatives and business conducts that support communities and help preserve the environment. We are honored to be among the organizations that conduct sustainable business operations creating long-term returns by valuing responsibility to Society and the Environment under our Sustainability Development program.
Good Corporate Governance Upholding
NVD has continuously upheld our practice for good corporate governance through various policies and business processes. From diverse backgrounds, the current independent directors bring about wide-range experiences which are valuable to the company on its path of development.
NVD has been ranked as Excellent in CG scoring during the past consecutive years, reflecting our efforts in transparency in business conducts for good corporate governance, recognized by the Thai Institute of Directors Association and the Officeof the Securities and Exchange Commission as well.
As a new Chairman of the Board and on behalf of all Board members, I would like to reassure that we would carry on our duties for the highest interests and maximum benefits of all stakeholders under good corporate governance principles. We express our gratitude to all relevant parties for continued trust and supports to the Company.
Mr. Vichien Jearkjirm
Chairman of the Board