Ho Chi Minh City, April 24, 2026 – Nam Long ADC, the dedicated developer of Nam Long Group‘s affordable housing EHome and social housing EHomeS product lines, has signed a strategic partnership with Japan’s Nishi-Nippon Railroad. This collaboration enhances the development capacity for these segments, affirming Nam Long’s commitment to social well-being while ensuring international standards in project quality and governance.
Nam Long ADC and Nishi-Nippon Railroad signed the strategic partnership
According to the signed agreement, upon completion of the transaction, Nam Long will hold a 51% stake and Nishi-Nippon Railroad will hold a 49% stake in the Joint Venture. As a strategic shareholder, Nishi-Nippon Railroad will actively participate in governance and management, leveraging its strengths in design, operations, and technical expertise to optimize project performance and long-term value.
Following the partnership, Nam Long ADC targets a growth of 80% by 2030 and the delivery of over 22,000 housing units by 2035. This roadmap is designed to help address the shortage of social and affordable housing in Vietnam, where current demand reaches 100,000 units per year while actual supply remains significantly low. According to the Ministry of Construction’s report, four projects with a total scale of fewer than 580 units were completed in the first quarter of 2026.
Nishi-Nippon Railroad has partnered with Nam Long Group at the project level for more than 10 years. As a member of the Nishitetsu Group, one of Japan’s most long-standing multi-sector conglomerates with over 100 years of experience in transportation, logistics, real estate, and hospitality, Nishi-Nippon Railroad is dedicated to creating value-driven living environments for the community, particularly for first-time homebuyers and young families. Building on this foundation, Nishi-Nippon Railroad’s current collaboration at the corporate level reaffirms the Japanese partner’s trust and long-term commitment to Nam Long Group, while simultaneously enabling Nam Long ADC to strengthen its comprehensive capabilities:
- Enhancing capital resources and financial management: Nishi-Nippon Railroad provides unconditional funding. This new capital will be prioritized for the acquisition and development of land banks in the coming period.
- Elevating quality standards: Nishi-Nippon Railroad will transfer advanced construction methods and Japanese quality standards to all upcoming projects. Furthermore, Nishi-Nippon Railroad will provide a dedicated team of experts to support Nam Long ADC in design optimization, material selection, and the establishment of professional quality control processes.
- Committing to social well-being: The partnership is built upon a shared philosophy of sustainable development and the creation of value-driven living environments. Nam Long ADC and Nishi-Nippon Railroad are united in the goal to provide the vast majority of Vietnamese people, particularly first-time homebuyers and young families, with access to high-quality housing.
Mr. Chu Chee Kwang, Senior Director, JVs Operation, Partnership & Alliance of Nam Long Group; Chairman of Nam Long ADC, stated: “This strategic partnership marks a significant milestone, reaffirming Nam Long Group’s commitment to the sustainable development of affordable housing through Nam Long ADC. The participation of Nishi-Nippon Railroad as a strategic shareholder not only provides additional capital but also facilitates the transfer of Japanese governance standards and advanced construction technologies. This will enable Nam Long ADC to enhance the quality and efficiency of our EHome and EHomeS products, contributing to addressing the pressing social housing and welfare needs in Vietnam.”
Mr. Chu Chee Kwang stated that the partnership with Nishi-Nipon Railroad will contribute to the sustainable development of affordable housing
Mr. Taro Koyama, CEO of Nishi-Nippon Railroad: “Nam Long ADC’s commitment to delivering affordable housing perfectly resonates with Nishi-Nippon Railroad’s core philosophy. Our transition from project-based cooperation to a corporate-level partnership reflects our deep trust in their proven execution and allows us to contribute more actively to governance and operational excellence. This strategic evolution reinforces our strong confidence in a sustainable, long-term journey together to create lasting value for the Vietnamese community.”
Mr. Taro Koyama highlighted that the transition from project-based cooperation to a corporate-level partnership enabled the creation of lasting value for the Vietnamese community.
