Ho Chi Minh City, April 26, 2025 – At its 2025 Annual General Meeting of Shareholders, Nam Long Investment Corporation (HOSE: NLG) approved all proposals related to the year’s business plan, profit allocation, and development orientation. In the context of a gradually recovering real estate market, Nam Long remains committed to its strategy of integrated township development, expanding market share, accelerating project execution, and establishing a foundation for sustainable growth toward 2030.
Chairman of the Board – Nguyen Xuan Quang delivered the speech
For 2024, Nam Long reported consolidated net revenue of VND 7,196 billion, achieving 108% of the plan and marking a 126% increase year-on-year. Consolidated after-tax profit reached VND 1,387 billion, equivalent to 169% of the target. After-tax profit attributable to shareholders of the parent company (NPATMI) reached VND 518 billion, fulfilling 102% of the plan. Key projects such as Akari City, Mizuki Park, Nam Long II Central Lake, and Southgate were major contributors, with over 2,000 housing units and over 3,000 pink books handed over to customers.
Nam Long Annual General Meeting 2025 with the participation of a large number of Shareholders
In 2025, Nam Long targets consolidated net revenue of VND 6,794 billion, profit after tax (NPAT) of VND 799 billion, and net profit after tax of VND 701 billion, a 35% increase compared to the previous year. Presales are expected to reach VND 14,645 billion, nearly 2.8 times the 2024 result. The business plan will focus on strengthening sales and handovers at ongoing projects such as Akari City, Waterpoint, Izumi City, EHomeS Can Tho, EHome Southgate, and Nam Long II Central Lake. Additionally, the company will launch over 2,000 new products in key sub-areas and continue exploring and expanding operations into high-potential localities.
Group CEO – Mr. Lucas Loh shared the business plan
Nam Long currently holds over 681 hectares of clean land in key economic zones including Ho Chi Minh City, Long An, Dong Nai, Can Tho, and other emerging locations—continuing to serve as a strategic advantage in its integrated urban development model. Beyond residential projects, the Group also focuses on developing an urban ecosystem through partnerships with education, healthcare, retail, and F&B operators across large-scale townships such as Waterpoint and Mizuki Park. Simultaneously, Nam Long is actively pursuing strategic M&A deals and mobilizing capital to optimize resources and enhance the enterprise’s capability to execute large-scale projects in the long term.
The majority of shareholders attending approved the business plan, profit distribution, and dividend payment plan for 2025.
2025 also marks the phase of completing and operating its Group structure as part of a strategic transformation, with Five core business segments: Investment & Investment Management (Nam Long Capital), Urban and Housing Development (Nam Long Land), Commercial Real Estate (Nam Long Commercial Property), Affordable Housing (Nam Long ADC), and Construction (Nam Khang Construction). This model is expected to enhance specialization, optimize operational efficiency, and ensure strategic alignment across Nam Long’s integrated urban ecosystem.
Shareholders conducted a voting process
With solid business performance and a vision for sustainable growth, Nam Long continues to be recognized by prestigious domestic and international organizations during 2024–2025: Top 2 Most Reputable Real Estate Developers in Vietnam (Vietnam Report); Top 50 Best Listed Companies (Forbes Vietnam); Top 100 Most Valuable Brands in Vietnam (Brand Finance), along with multiple sustainability awards.
Nam Long remains steadfast in its mission to create long-term value for shareholders, customers, partners, and the community. With a strengthened foundation and the continued support of stakeholders, the Group is well-positioned for its next era, contributing actively to the development of Vietnam’s real estate and urban landscape.
