Nam Long Group nominated in Vietnam’s top 50 Valuable Brands in Vietnam 2022

Vietnam’s Top 50 valuable brands 2022 have increased by 36% in brand value over the same period, despite negative impacts from Covid-19. This year, with a brand value of $164 million, equivalent to VND 4,100 billion.

Mibrand Vietnam Joint Stock Company announced the list of Vietnam’s Top 50 valuable brands in 2022. Real estate is also one of the industries that have fastest growth in brand value, maintaining an increase of 105%, besides insurance (up 116%) and mechanical engineering and construction (up 61%).

Vietnam’s Top 50 valuable brands is an annual event organized by Brand Finance and Branding consulting company, Mibrand Vietnam to honor 50 businesses with the strongest and highest value brands. According to organizers’ assessment, Vietnam's top 50 brands have increased by 36% in value over the same period, despite the negative impacts from Covid-19. The nation's biggest brands have delivered noteworthy results and strong growth in brand equity. Many brands have made tremendous improvements in both value and power index, thereby solidifying their positions on the list.

As a highly reputable and customer oriented company in the real estate industry, Nam Long has 23 subsidiaries and more than 830 employees as of June 30, 2022. The company has determined to transform from developing affordable housing to complex projects, integrated mega-townships sized at hundreds of hectares located in different key economic areas, responding to the population expansion strategy of major cities.

A corner at the marina in Waterpoint township (commercial name of the new township project Vam Co Dong - Ben Luc, Long An) has been put into operation.

In addition, Nam Long will strengthen its core business by extending market segments, expanding market share and development areas, and diversifying growth into other areas such as offices and retail and investing to complete the real estate ecosystem.

Currently, the company owns 680 hectares of clean land in Ho Chi Minh City, Dong Nai and Can Tho; Hai Phong, ranked 3rd in the domestic market in terms of land fund for urban and housing development. Enterprises led by Chairman Nguyen Xuan Quang determine a strategy to accumulate land funds in key provinces and cities with strong economic growth, inter-regional connectivity infrastructure, and potential market demand following a fast growing population.

The company's management has set a target for profit growth at least 20-30%/year in the coming period, or even higher in favorable market conditions. This is based on the fact that businesses will continue to open and sell component projects of existing townships such as Waterpoint 355 hectares (Long An), Mizuki Park 26 hectares, Akari City 8.5 hectares (HCMC) and started selling first products in Izumi City 170 ha (Dong Nai), Nam Long - Can Tho 43 ha. Based on the product handover plan, the company sets a net revenue target of VND 7,151 billion, profit after tax of parent company target of VND 1,206 billion this year, up 37% and 13% respectively compared to last year.

Perspective of 170 ha Izumi City township (commercial name of Dong Nai project - Waterfront) 

With its capability to accelerate projects, a solid and transparent financial background, Nam Long has recently been nominated for many major awards. At the end of August, Nam Long was the only representative from Vietnam to be honored by Forbes Asia, with a profit of more than trillion VND for the first time in its history, a market capitalization of billion USD (November 2021). Impacted by Covid-19 pandemic, the company still had a good "rebound" with 3 times higher revenue and 2.4 times higher profit in Q2, compared to last year.

Previously, Nam Long was also voted Asia’s best place to work in 2022 by HR Asia Magazine - the leading  magazine about human resources in Asia.

Source: Nam Long Group (HOSE: NLG)