Entrepreneur Nguyen Xuan Quang: from affordable housing to a billion-dollar company

Nguyen Xuan Quang is currently ranked 66th on the list of The richest in Vietnam with a total capital of VND 1,018 billion. Started with a super small company, Nguyen Xuan Quang, with strong determination and strategic partnership, has transformed Nam Long to one of the biggest Real estate companies in Vietnam. 


Nguyen Xuan Quang, was born on May 20, 1960, into an academic family in Binh Thuan. In 1983, he graduated from HCMC University of Architecture, majoring in Architecture. At the moment, he is the Chairman of Nam Long Group (NLG). 

Portrait of Nguyen Xuan Quang - The Chairman of Nam Long Group. 

Working history

- In 1983, he worked at the State Committee of General Construction

- From 1992 up to now, Nguyen Xuan Quang has held the position of Chairman of Nam Long Group. 


After graduating, he started working at the Southern Institute of Planning, part of the State Committee of General Construction, where he picked up a lot of experience and dreamed of his startup. 

In 1992, Nguyen Xuan Quang established Nam Long Limited Company, one of the first State-owned companies in the Construction industry in Vietnam. 

In 1996, Nam Long switched direction to township development. In the following years, Quang has enhanced the business with a series of residential areas branded Nam Long House and continued to extend real estate development to neighboring provinces such as Binh Duong, Can Tho, Ba Ria - Vung Tau - Dong Nai, etc. at a larger scale. 

In 2005, Nam Long Limited was officially rebranded to Nam Long Investment JSC with a charter capital that is 78 times higher. 3 years later, Nam Long received investment from the two strategic shareholders, Nam Viet Company (100% foreign capital) and ASPL Capital (a member of Ireka Group, Malaysia).

In 2013, Nam Long was officially listed on the stock exchange, hose: NLG, with a charter capital of VND 955 billion. 

The handshakes that build Nam Long’s Empire

In 2014, Nam Long cooperated with IFC International Finance Company, Bridger Capital LLC, Probus Asia Fund, Ho Chi Minh City Securities Company (HSC), Huong Viet Investment and Consulting Ltd., and Tan Hiep International Trade and Service Co., Ltd. which became Nam Long’s new shareholders.

At a project level, Hankyu Realty Group and Nishi Nippon Railroad joined Nam Long to develop the Flora apartments and to issue an additional VND 500 billion worth of convertible bonds.

Nam Long partnered with Japanese corporations to develop real estate products that are top of the affordable housing segment, Ehome apartments. After that, Nam Long gradually shifted to products that improve the quality of living such as Flora condominiums and townhouses, Valora villas in multi-utility townships. 

In 2018, Nam Long cooperated with Hankyu Hanshin Properties and Nishi Nippon Road to develop Akari City township. 

Along with increasing the market share, Nam Long has proved its position in the real estate market by creating suited products with partners, promoting the growth of the real estate industry in the best way. 

Till now, Nam Long’s partnership with Japanese companies has brought to market many projects including Flora Sakura (2015), Fuji Residence, Kikyo Residence (2016), Mizuki Park (2017), Akari City and Waterpoint (2018).

Nam Long, Hankyu Hanshin, Nishi Nippon Railroad (Japan) attended the official Topping out ceremony of Akari City phase 1- 8.5 ha,  in Vo Van Kiet, Binh Tan District, Ho Chi Minh City.

In 2019, NLG continued to accelerate the simultaneous development of the 3 new townships i.e. Mizuki (26 hectares), Akari (8,5 hectares) and Waterpoint (355 hectares). 

Nguyen Xuan Quang also directs Nam Long’s expansion on the market to key economic regions such as Hanoi, Quang Ninh, Hai Phong, TP. HCM, Dong Nai, Long An, etc.

Quang is holding 14,69% of NLG with a value of VND 1,012 billion as of April 2020. 

From a small company with an initial capital of VND 700 million in 1992, NLG has become one of the major real estate enterprises in Vietnam after 28 years of development, with 20 subsidiaries and more than 600 employees.

Nam Long’s current total capital has soaked to over VND 11,818 billion, of which equity is VND 6,194 billion. The year 2019 marks a milestone in the strong development of the company as profit reached VND 960 billion. Within the first 6 months of 2020, the company still records a profit of nearly VND 200 billion despite the challenging market. 

Nam Long’s potential for growth is still big as the company owns a land fund of more than 680 hectares and strategic partnership with a handful international corporations including Nam Viet Ltd (Subsidiary of Goldman Sachs), IFC (Member of Word Bank), Ibeworth (a member of Keppel Land Group), etc. At a project level, it is worth mentioning NLG’s partners such as Hankyu Hanshin, Nishi Nippon Railroad, Gamuda, Indochina Capital.

Source: Cafeland.vn