Ho Chi Minh City, 22nd August 2024, Nam Long Group (HOSE: NLG) is proud to announce that the company has been honored by Forbes Vietnam in the list of Top 50 Best Listed Companies in Vietnam 2024. This marks the 9th time Nam Long has been recognized in this prestigious list, affirming the company’s position and sustainable development in the market.
Van Viet Son, Managing Director of Nam Long Land, Nam Long Group receiving the award
This year’s list of Forbes Vietnam’s Top 50 Best Listed Companies includes 7 Real Estate enterprises. Among them, Nam Long is one of two developers honored in the residential real estate sector, alongside Khang Dien. The other companies recognized are Kinh Bac, Idico, VRG, Sonadezi Chau Duc (industrial real estate), and Vincom Retail (commercial real estate).
The Vietnamese housing market is gradually warming up in 2024. According to the Ministry of Construction, in the first half of 2024, real estate transactions increased by 20% compared to the same period last year, indicating that investor and consumer confidence is gradually returning. In this context, Nam Long Group has continuously strived to maintain and develop high-quality projects to meet the growing market demand. By the end of the first half of 2024, Nam Long recorded pre-sales revenue of VND 2,678 billion and net revenue of VND 457 billion.
In the second half of 2024, in addition to handing over phase 2 of the Akari City project and the component projects of Waterpoint on schedule, Nam Long will continue to focus on developing projects and sub- projects within integrated township, including the 26-hectare Mizuki Park (Binh Chanh), the 165-hectare phase 1 of Waterpoint (Ben Luc, Long An), and the 43-hectare Nam Long Central Lake (Can Tho).
Mr Lucas Loh, CEO of Nam Long Group, shared: “Nam Long is honored to be recognized for the 9th time by Forbes Vietnam as one of the Top 50 Best Listed Companies. This recognition affirms our strategic approach in developing projects that align with the real needs of the market, enabling us to overcome recent challenges and recover more quickly alongside Vietnam’s economy post-Covid. We will continue to formulate sustainable development strategies to ensure growth and share our positive outcomes with shareholders, customers, and the community”.
Source: Nam Long Group (HOSE: NLG)
