For many years, Nam Long has been one of the pioneers in applying sustainable real estate development strategies by creating products that meet real needs, using capital safely, and maintaining a reasonable debt-to-equity ratio.
Nam Long also chooses a development cooperation strategy with international "giants". This will cause profits to be shared, the apparatus needs to meet the high demands of partners, but in return, Nam Long has a stable source of capital to ensure project progress, support good policies for buyers, ensure stability and sustainability for related parties.
Nam Long signed a cooperation agreement with Nishi-Nippon Railroad, Tan Hiep and TBS Group to develop the Waterpoint project phase 1 in 2018.
Proactive international integration strategy
The predecessor was one of the first few non-state construction companies in Vietnam established in the early 1990s, with an initial capital of 700 million VND, after 3 decades, this group has total assets of more than 28 trillion VND.
For many years, Nam Long has enjoyed the long-term support of shareholders and strategic partners, including prestigious organizations such as Goldman Sachs, Mekong Capital, IFC (World Bank), Iberworth (Keppel Land), Hankyu Hanshin Properties, Nishi-Nippon Railroad... These partnerships are the achievements of the international integration strategy of "standing on the shoulders of giants" that Nam Long's leadership has gradually laid the foundation and consolidated for more than a decade.
Since 2008, Nam Long has proactively joined hands with foreign partners to proactively mobilize financial resources and minimize risks from market fluctuations or loan interest. That year, right after inviting ASPL Fund (Ireka Group - Malaysia) and Nam Viet Company (100% capital of US bank Goldman Sachs) to become strategic shareholders, Nam Long, for the first time, mobilized 15 million USD in long-term capital from an international organization.
Soon after, a series of world-class names such as VAF Fund, managed by Mekong Capital and IFC of the World Bank, also invested in the group.
Keppel Land, a Singaporean multinational company, also became a strategic shareholder of Nam Long in 2015 when it participated in the purchase of 7.1 million shares in a private offering. To date, after 9 years, Keppel Land is still one of Nam Long's strategic shareholders, holding more than 8% of shares.
At the project level, in 2015, two Japanese corporations, Hankyu Hanshin Properties Nishi and Nippon Railroad, when entering the Vietnamese market, also chose Nam Long as their partner. This cooperative relationship has brought many "sweet fruits" to the real estate market, with projects bearing the Japanese mark such as: Flora Anh Dao, Fuji Residence. Kikyo Residence, Mizuki Park, Akari City provide thousands of products to the real estate market in Ho Chi Minh City.
Nam Long has had a close relationship for nearly a decade with Japanese partners, developing many key projects.
The cooperation between the two Japanese partners and Nam Long has developed to a new level with the implementation of large-scale integrated urban projects such as Waterpoint (phase 1 - 165ha), Izumi City (170ha).
International Integration - Strategy to go further
A recently released report by FiinRatings rates Nam Long's outlook as "stable", with good business performance and moderate financial risk. The credit rating agency believes that Nam Long maintains a good competitive position compared to other businesses in the industry thanks to flexible capital allocation and circulation.
Mizuki Park - an integrated urban area in Ho Chi Minh City is the sweet fruit of the cooperative relationship between Nam Long and Japanese partners.
The collaboration with foreign partners is also a testament to Nam Long's ability to meet the strict standards of governance, operations, capacity, and capital structure set by the "giants". Investments from international organizations and partners often come with very strict requirements.
Waterpoint urban area (Long An) creates a living environment with international quality standards.
Mr. Nguyen Xuan Quang, Chairman of the Board of Directors of the Group, has repeatedly emphasized that integration is not simply about culture, business model, and business policy, but is related to the entire organization, from the board of directors, management, and apparatus.
The internationalization strategy has just been reinforced by this group when the Board of Directors appointed Mr. Lucas Ignatius Loh Jen Yuh - who has more than 30 years of experience working at leading organizations and corporations in Asia - to the position of General Director.
Mr. Lucas Ignatius Loh Jen Yuh has 20 years of leadership and senior management positions at CapitaLand in China, IRAS - Inland Revenue Authority of Singapore; Temasek Holdings - a global investment group owned by the Singapore Government; Hopson Real Estate Group...
Nearly two decades have passed since the group's captain conceived the idea, Nam Long has gradually integrated and is continuing to take new steps, more deeply and attracting more and more prestigious shareholders.
Source: https://dantri.com.vn/bat-dong-san/cach-nam-long-bat-tay-nhung-nguoi-khong-lo-de-hoi-nhap-quoc-te-va-phat-trien-20240819112644182.htm
Comment (0)