Nam Long Investment Corporation

Nam Long Investment Corporation is a prominent player in the real estate sector in Vietnam, specializing in the development and management of quality residential projects. Founded in 1992 in Ho Chi Minh City, Vietnam, Nam Long Investment Corporation focuses on residential real estate development. The company has not undergone significant pivots and operates independently without known subsidiaries. The firm has attracted investment from Mekong Capital in a recent GROWTH round, raising USD 9.

10 mn, which matches the total funds raised since inception. The company has engaged in two notable financing deals, with the most recent occurring on June 15, 2016. Danny Le and Ngoc Tran currently serve as the CEO. Nam Long Group (HOSE: NLG) specializes in the development and management of residential real estate projects.

Their core offerings include the construction of urban residential complexes, with eight completed projects that collectively provide over 18,000 housing units. The company focuses on integrating sustainable living solutions in their developments, catering to first-time homebuyers, families, and long-term investors. Notable projects include Akari City in Bình Tân and Mizuki Park in Bình Chánh, designed to meet the increasing demand for modern housing in urban locales. Nam Long Group primarily serves customers in Vietnam, particularly in major urban centers such as Ho Chi Minh City, Đồng Nai, and Cần Thơ.

Their strategic vision emphasizes quality and innovation in every project. Nam Long Group generated revenue of USD 133. 73 mn in 2023, with an EBITDA amounting to USD 44. 08 mn.

Revenue is primarily derived from the sale and leasing of residential units within its developments, involving direct-to-consumer transactions, either through outright purchases or financing arrangements. They also manage and operate commercial real estate assets linked to their residential projects, reinforcing revenue from the sales structure and highlighting their commitment to delivering quality living environments. Nam Long Investment Corporation's future growth strategy includes launching new products tailored to evolving market demands, although specific release dates are not provided. The company aims to expand its market presence, particularly in key urban areas across Vietnam.

The recent funding from Mekong Capital will be strategically utilized to support these initiatives, enhancing operational capabilities and project developments, although specific future projects have not been detailed. The last significant deal took place on June 15, 2016, when Vietnam Azalea Fund sold all its shares in Nam Long.