International integration strategy brings benefits to businesses

Nam Long Group 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 of Nam Long Group was one of the first few non-state-owned construction companies in Vietnam, established in the early 1990s, with an initial capital of only VND700 million. At that time, few people thought that after only 3 decades, a family business could develop into a corporation with total assets of more than VND28,000 billion.

In addition to positive business growth results, the group has made a profound mark on the market thanks to its "internationalization" strategy, deep integration, successful capital mobilization in the international market, and has been highly appreciated by prestigious organizations.

For many years, the group 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 advances are the achievements of the international integration strategy of "standing on the shoulders of giants", which the leadership has gradually laid the foundation and consolidated for more than a decade.

Since 2008, the group has proactively laid the first brick to open the path of integration, joining hands with foreign partners, to proactively mobilize financial resources, minimizing risks from market fluctuations or loan interest. That year, right after inviting ASPL fund (Ireka Group - Malaysia) and Nam Viet Company (100% capital of Goldman Sachs Bank) to become strategic shareholders, Nam Long, for the first time, mobilized 15 million USD in long-term capital from an international organization.

Immediately after that, a series of world-class names such as VAF Fund, managed by Mekong Capital and IFC of the World Bank, also highly appreciated the potential and sustainable development strategy of the group and invested in the group.

Keppel Land, a Singaporean multinational, also became a strategic shareholder of the group in 2015 when it participated in the private placement of 7.1 million shares. Nine years later, Keppel Land remains one of the strategic shareholders, holding more than 8% of the shares.

At the project level, in 2015, two corporations with hundreds of years of experience from Japan, Hankyu Hanshin Properties and Nishi-Nippon Railroad, when entering the Vietnamese market also chose Nam Long as their companion.

The 10-year relationship between Nam Long and its two partners 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 providing 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 the group has developed to a new level, with the implementation of large-scale integrated urban projects such as Waterpoint (phase 1 with 165 hectares), Izumi City (170 hectares).

International Integration - Strategy to go further

These "handshakes" have gradually strengthened the group's strength and promoted its development through many market stages. Regardless of the method of cooperation, the partners bring abundant investment capital from international investment funds, helping the group increase its potential, enhance financial stability, and carry out many large projects at the same time.

That is why, in the recently released report of FiinRatings - a credit rating agency in Vietnam - Nam Long's prospects are assessed as "Stable", with business capacity at Good and financial risk at Medium.

This organization believes that the real estate group maintains a good competitive position compared to other businesses in the industry thanks to flexible capital allocation and circulation. Not only increasing financial potential, focusing on cooperation with experienced international partners also creates better added value for products.

Mizuki Park - an integrated urban area in Ho Chi Minh City - is one of the "sweet fruits" from the cooperative relationship between Nam Long and Japanese partners.

Waterpoint urban area not only creates a living environment with international standards but is also an asset with great potential to increase future value for residents.

Mr. Nguyen Xuan Quang, Chairman of the Board of Directors of the Group, has repeatedly shared that the greatest achievement in the Group's more than 32 years of development is building an internationally integrated and development-ready enterprise.

He also emphasized that integration is not simply about culture, business model, business policy, but involves the entire organization, from the board of directors, management and apparatus.

And recently, the "internationalization" strategy has been further strengthened when Board of Directors Nam Long appointed Mr. Lucas Ignatius Loh Jen Yuh - who has more than 30 years of experience working at leading organizations/corporations in Asia - to the position of general director of this group.

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...

Source: https://tuoitre.vn/chien-luoc-hoi-nhap-quoc-te-phat-huy-tac-dung-voi-doanh-nghiep-20240817170516295.htm