Ho Chi Minh City, Vietnam – July 30, 2025 – Nam Long Group (HOSE: NLG) continues to elevate its international partnership strategy by welcoming Tokyu Corporation, a Japanese conglomerate with more than 100 years of development, as iHo Chi Minh City, Vietnam – July 30, 2025 – Nam Long Group (HOSE: NLG) continues to elevate its international partnership strategy by welcoming Tokyu Corporation, a Japanese conglomerate with more than 100 years of development, as its new investor in the Izumi City project.ts new investor in the Izumi City project.
Nam Long Group officially signs partnership with Tokyu Corporation
Mr. Lucas Loh, Group CEO of Nam Long, remarked: “We are honored to embark on a new partnership with Tokyu Corporation, an esteemed Japanese developer, as part of our journey of growth. This collaboration represents our shared commitment to delivering sustainable, high-quality developments that contribute to enhancing the living standards of Vietnamese communities. Tokyu’s participation brings valuable international experience to the Izumi City project and further strengthens Nam Long’s long-term vision of developing vibrant, livable townships. We greatly value the trust Tokyu Corporation has placed in Nam Long, and we look forward to shaping future communities that foster a high quality of life for generations.”
Mr. Ogata Yoshinori, Executive Officer of International Business Division at Tokyu Corporation, commented: “We are proud to establish this strategic partnership with Nam Long Group to co-develop Izumi City. As one of Vietnam’s most respected developers, Nam Long consistently delivers long-term, community-oriented urban developments that meet real housing needs. We highly value our shared vision and development objectives. Izumi City is a modern township designed to meet the rising housing demand in Southern Vietnam, providing residents with a green, connected lifestyle with easy access to Ho Chi Minh City and nearby satellite cities. By combining the strengths of Nam Long, Hankyu Hanshin Properties, and Tokyu Corporation, we aim to develop a model township that serves as an ideal place for Vietnamese families to live and grow.”
Izumi City is a 170-hectare integrated township located in Long Hung Ward, Dong Nai Province. Located in one of Southern Vietnam’s most dynamic economic zones, Izumi City benefits from excellent connectivity to major infrastructure routes, including National Highway 51, the Ho Chi Minh City–Long Thanh–Dau Giay Expressway, and the upcoming Long Thanh International Airport. The project is set to deliver around 2,900 low-rise housing units in its initial phase. Residents will benefit from a comprehensive ecosystem of amenities, including schools, healthcare facilities, commercial spaces, and entertainment options.
Master plan of Izumi City
The latest participation of Tokyu Corporation, alongside Hankyu Hanshin Properties, both of which are leading Japanese enterprises with a strong track record in urban development in both Japan and Vietnam, will significantly enhance the internal strength of the Japan–Vietnam joint venture, laying a solid foundation for the future success of Izumi City.
