At the awards ceremony for the Top50 Corporate Sustainability Awards 2024, Nam Long Group (HOSE: NLG) was the only real estate company highly regarded and honored by the judging panel in the category of “Leadership in Corporate Governance.”
The Top 50 CSA, organized by Nhip Cau Dau Tu magazine this year, includes 14 categories honoring three types of enterprises: FDI, listed companies, and unlisted companies. The evaluation panel consists of leaders from HSBC, PwC Vietnam, the Institute of Circular Economy Development (ICED), Schneider Electric Vietnam, Talentnet, and Mekong Capital.
Recently, the Vietnamese real estate market has faced numerous challenges following two years of pandemic impact and the general macroeconomic conditions domestically and internationally. The confidence of home buyers and real estate investors has been affected. In this context, the leadership of Nam Long Group recognizes that sustainable development is a long-term goal and has never been more necessary to affirm Nam Long’s reputation and brand value with home buyers, investors, and stakeholders.
Led by a Board of Directors comprising Vietnamese members with 30 years of real estate market experience and over 50% independent foreign members who have been senior leaders at major organizations such as Keppel Land, Mekong Capital, Sunway City, Grant Thornton, etc., Nam Long Group has a solid development direction with a governance system adhering to international standards: professionalism, transparency, and commitment, enabling the company to withstand many market changes over the past challenging years.
Mr. Lucas Loh, CEO of the group, who also had led CapitaLand in the Chinese market for 20 years, stated: “I joined Nam Long because I saw a very good foundation for sustainable and long-term development here. Nam Long operates based on developing ‘society’s real need’ products, building townships with in-depth planning research to support population dispersal, transform urban landscapes, and improve the quality of life for people, communities, and society. The company also maintains a healthy financial structure, operates responsibly, and is a reliable local partner for many major foreign investors. I believe my experience in a major market with many lessons learnt will help Nam Long continue to strengthen this foundation and develop even better according to Vietnam’s sustainable development direction and the world’s in general.”
Source: Nam Long Group (HOSE:NLG)
