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The COVID-19 pandemic has made 2020 a challenging year for global and Vietnam’s economy particularly. In the difficult context, Nam Long Group conducted a series of M&A in the real estate market.

Nam Long has 700 hectares of land in several localities including Ho Chi Minh City, Dong Nai, Binh Duong, Long An, Can Tho and Hai Phong. Photo: Nam Long

Most recently, the Group signed an agreement to buy 30% additional shares from foreign partners and established a complete ownership in a 190ha integrated urban area project in the Eastern area of Ho Chi Minh City. Total investment was estimated at VND 10,000 billion ($434 million). The project is expected to become an important driving force to boost profit growth of Nam Long over the next 5 years.

Large land reserve in strategic locations

Currently, Nam Long has 700 hectares of land in several localities including Ho Chi Minh City, Dong Nai, Binh Duong, Long An, Can Tho and Hai Phong. These are all key economic regions, large cities or tier-2 cities which have positive economic growth potentials and attract a workforce with great housing demand. The Nam Long’s land in the localities has great development opportunities since there are several key infrastructure projects such as highways, airports and seaports are under-construction.

Nam Long is developing integrated urban areas with hundreds of hectares in the Western and Eastern gateway of Ho Chi Minh City such as Waterpoint (355ha) and Izumi City (190ha). Other key projects Nam Long is implementing in Ho Chi Minh City include Mizuki Park (26ha), Akari City (8.5ha) or Nam Long – Can Tho (43ha) in Can Tho City.

The accumulation of a large land reserve is an advantage for real estate businesses to maintain sustainable growth. Land fund and urban housing development is the core business that holds an important role of Nam Long. The group always has a plan for project development in not only 1 year but at least for the next 3-5 years, or even 10 years, said Nguyen Thanh Son, General Director of Nam Long Land.

In fact, a large urban land fund of nearly 700 hectares serving the development strategy of new urban areas in the city was planned 15 years ago. The plan was done after careful research from domestic and international real estate firms. Nam Long has its own choice and is steadfast with that path to overcome challenges, rarely following the market’s transient trends, he added.

Despite difficulties caused by the pandemic, Nam Long recorded positive business results in 2020 with net revenue of VND2,217 billion ($96 million), exceeding whole-year goal by 46%.  The corporation reported 2020 profit at VND835 billion, beating target by 3%. The Group also recorded VND3,800 billion in pre-sales for pre-sales by customers in integrated urban projects that are preparing to open for sale.

According to VNDIRECT Securities Company, Vietnam’s housing market began to recover from 2021 due to the large-scale recovery economy and reasonable mortgage interest rates which supports the real estate market. The market improved the housing supply recovering after legal bottlenecks have been removed.

“We believe that Nam Long will be one of the most favorable investors as Nam Long’s project is in a position to benefit from infrastructure projects, while owning a wide range of products. Many segments meet the real needs of people “, according to VNDIRECT report.

Photo: Nam Long

A prominent developer of an integrated urban area

2021 is considered a pivotal year for the breakthrough growth strategy entitled “Dragon Growth Transformation”, marking a completely new appearance of Nam Long when the “king” of affordable products becomes a leading and innovative integrated real estate developer.

This strategy match with the current situation when the Vietnam’s real estate market is gradually shifting to a new form to satisfy the demands to have a higher quality living environment. Customers do not only need a place to live, but also a place to meet all of their demands including living – working – playing – shopping – education.

According to Nam Long’s strategy of developing integrated urban areas with a complete ecosystems for residents, beside the traditional affordable and high-end product lines such as Ehome, Flora, Valora …, the Group will develop new product lines in the mid-end and high-end segments. It also participates in developing other real estate types such as commercial real estate, schools, hospitals, services – entertainment complexes, offices, retail areas, creating high-quality residential communities and have their own lifestyle.

Realizing the goal of becoming a developer of a large-scale integrated urban area by 2030, Nam Long has undergone a strong transformation in its governance structure such as appointing a new CEO, consolidating the leadership system and restructuring the organization towards forming business units.

Each of these units is the operating profit center contributing to profit growth of the Group. Over the next 3 years, net profit contribution from these units is expected to increase by 32% per year on average. The Group also cooperates with a leading strategic consulting brand in the world to set out a plan for outstanding growth in the period of 2021-2030.

In this year, the Group will continue to bring the core business of housing development to maintain growth momentum at 20-25%. The growth rate could be higher in favorable market conditions.

Its business plans of urban areas have been deployed in Waterpoint, Mizuki Park, Akari City. Nam Long started selling the first products of Waterfront urban areas (170ha), Nam Long – Can Tho.

It is expected that the Group will launch more than 3,000 products, from “affordable” EHome apartments, Flora mid-range apartments, townhouses, Valora villas, Valora premium, Grand Villa luxury villas, land plots to meet the diverse demands of the market.

Source: Nhip cau dau tu

The “Housing Savings Program 2020” applicable for Flora Mizuki Canal Park apartment MP6-MP7-MP8 in Mizuki Park phase 2 had 1,200 registrations within the first day of launch. What factors have given customers the confidence to choose this township?

The panorama view of Mizuki Park

In 2017, the Mizuki Park (26ha, Binh Chanh) was introduced, bringing the partnership between Hankyu Hanshin, Nishi Nippon Railroad and NLG to a new position with the All-in-one township model that serves all residents’ essential needs such as study, work, entertainment, shopping, etc right inside the township.

At that time, Nam Long offered the Flora Mizuki detached apartment at VND 27 million per m2 and the townhouse/villa at VND 40 million per m2. The current prices have soaked up to around VND 35 million per m2, villas 80 million per m2.

A year after phase 1 handover, Mizuki Park is blooming, the streets are becoming more bustling with the more people come to live here.

The highlight of Mizuki Park, township of Water and Wood, is the 17,000-m2 canal system flowing through the township.

Nam Long is finishing up a series of facilities along the canal such as theme park, Japanese garden, pedestrian bridge, 20-m walking trail, …

Upon completion, residents will have access to major facilities including 2.5-km cycling trail, 103,000m2 of greenery, theme parks, 40,000-m2 of schools, 15,000-m2 for commercial and services, sports center, medical center, entertainment center, etc.

The Flora and Valora Shophouses on the ground floor are occupied by supermarkets, pharmacies, restaurants, shops, etc. supplying essentials for residents.

Flora Mizuki Apartments are built based on the affordable condominium standard that is completely self-contained with a 3-layer security control system.

Flora Mizuki’s facilities are exclusive to the residents including pools for adults and children, outdoor and indoor children’s playground, BBQ, indoor sports, lake, park, lakeside park, entertainment room, library, etc.

Exclusive facilities give residents privacy and comfort at their own residency.

Garden apartments have advantage of 3rd floor position so homeowners can grow their own garden with plants and flowers

Mizuki Park’s modernity and synchronous infrastructure have intrigued people moving in from the city center. Not only the value of Nam Long’s project but also other small projects nearby have been increased. As a result, phase 2 was highly welcome at introduction.

In August, 1,200 registrations of “Housing Savings Program” for Flora Mizuki MP6-MP7-MP8 were submitted within the first day of launch.

The Flora Mizuki MP6-MP7-MP8 apartments have an edgy waterfront position, next to Event Park, Japanese Garden, and the schools. Thanks to the zigzag design, the apartments are more exposed to wind and light. Apartments have optimal design and come in different sizes, including: 58m2, 67m2, 78m2, 95m2 (2 and 3 bedrooms), 111m2 (dual key), with basic furniture, wooden floor, kitchen cabinets, toilets, etc.

Event Park is the final touch point of the compound Flora Mizuki MP6-MP7-MP8.

Source: muabannhadat.vn

Amidst the complicated situation of Covid-19 in Q3, Nam Long(HOSE: NLG) still reports a favorable absorption rate, following their flexible sales programs. 

In particular, in the first month of Q3, Nam Long successfully introduced Waterpoint’s products including 500 products of Valora villas,  detached villas, garden townhouses, commercial townhouses, and 2 new luxury products which are the Grand Villa and Riverfront Villa, with a value totaling over VND 2,000 billion.

At the beginning of August, Nam Long announced the 3rd Housing Saving program in cooperation with Vietcombank. With this program, customers who want to buy a house can open a savings account at Vietcombank at the regularly offered interest rate until the sale event is opened, instead of transferring money to the investor. Customers are fully active in controlling and closing their savings accounts at any time. When the sale starts, the account balance will be converted into a deposit for the investor. In the two programs previously launched in 2018 and 2019, there were more than 2,500 participants who have become homeowners at Akari and Waterpoint townships.

August 2020, on the first day of sales, over 1,200 people have joined in the program and opened a savings account, twice the number of products Nam Long planned to supply which is 600 apartments in three blocks of MP6, MP7, MP8 (Flora) in the 26-hectare Mizuki Park township located on Nguyen Van Linh Boulevard, South Saigon.

The proposed perspective of the 26-hectare Mizuki Park

According to VNDirect Securities, Waterpoint’s high absorption rate can increase Nam Long’s sales record in 2020. Thus, VNDirect expects NLG’s net profit to reach VND 1,421 billion, equivalent to an 48% increase compared to the previous year thanks to the handover of projects Waterpoint, Akari City and Mizuki Park.

Speaking of Akari City, the construction progress exceeded the pan and officially completed phase 1 in early August 2020. According to Nam Long, Akari City has so far brought in a revenue of over VND 340 billion since the beginning of 2020. Also, Nam Long planned to launch the Akari shophouse at the front of the 42-m wide commercial avenue by the end of this month (September). Each apartment has an average size of 400 meter square and a price of VND 20 billion VND per unit.

The perspective of Nam Long’s shophouses at Akari City

Source: Vietstock.vn

Through a difficult time of the real estate market due to impacts from Covid-19, Nam Long Group (NLG) still recorded quite positive sales results. Besides, short-term advanced payments have increased by approximately 30% as of the end of Q2/2020.

NLG’s Q2 consolidated financial report recorded revenue of VND 242 billion and net profit of nearly VND 68 billion, dropping by 60% and 49% YOY, respectively. The revenue dropped as all products at Flora Novia and Flora Island had been handed over in 2019 and Q1/2020.

In Q2, NLG’s revenue from the handover of apartments, villas, land plots totaled VND 76 billion, while revenue from general contractor and construction services reached VND 154 billion, accounting for 64% of the revenue structure. Nam Long also disclosed that revenue and profit from other in-progress projects cannot yet be recognized. In the first 6 months of 2020, NLG reported VND 658 billion in revenue and VND 179 billion in net profit. A notable advantage of NLG is the short-term advanced payments of over VND 1,712 billion, increased by 30% compared to the beginning of the year. This is deposits from customers who buy apartments, villas, and land but have not received the properties by the date of closing balance sheet i.e. June 30, 2020.

NLG also has an accrued VND 670 billion long-term revenue which is the total profit from transferring a part of the Nguyen Son project to Mizuki Company and a part of the Waterpoint project to Southgate base on their percentage ownership in this joint venture. As of the end of Q2/2020, NLG’s total assets reached over VND 11,800 billion, increased by VND 1,000 billion compared to the beginning of the year, of which the total of cash, cash equivalents, and short-term deposits is over VND 1,400 billion.

The year-to-date sales revenue reached VND 2,340 billion 

Facing the interrupted market due to Covid-19, Nam Long has still put through promising business performance.Indeed, on July 19, 2020, Nam Long successfully organized the Launching Ceremony of detached villas in Aquaria subdivision and luxury collection (Grand Villas & Riverfront Grand Villas) in  Rivera 1 subdivision at Waterpoint. The Grand Villas have total area of ​​more than 300m2 and cost about VND 10 billion, while Riverfront Grand Villas are located along the Vam Co Dong river, with a total area of ​​400 – 1000m2 and prices from VND 16 to 30 billion.

NLG’s representative shared that the detached villas, Grand Villa, and Riverfront Grand Villa at Waterpoint are designed for high-end customers who have their preference and taste. The launch of these luxury products has returned a sales revenue of almost VND 800 billion within 1 day for the Group. Overall, approximately 500 products including Valora single villas, duplex villas, garden townhouses, commercial townhouses, and 2 new high-end products Grand Villa and Riverfront Villa, have been sold since the beginning of the year, bringing sales revenue of VND 2,000 billion (of which July sales is VND 1,500 billion).

Previously, Nam Long successfully launched more than 130 Flora apartments worth over VND 340 billion. So far, NLG’s total revenue as of July 21, 2020, is VND 2,340 billion. According to NLG, the handover of Waterpoint’s will include 289 products in Q3 and 204 products in the Q4. The Akari project is scheduled to take off in the Q3, around mid-August. As in the sales plan, NLG continues to introduce the 2 projects Akari and Waterpoint, and the housing saving program for the Mizuki project.

Source: Vietstock.vn

Housing prices have relentlessly risen to new highs, making it difficult for many people to buy one. Realising that, a number of businesses with deep pockets are offering practical solutions to enable them to realise their dream of owning a house.

According to JLL, only 3,820 units were launched in HCM City in the second quarter of this year, or just one third of the quarterly average in 2017-18. Around 83 per cent of the 3,855 apartments that changed hands during the quarter was in the mid-priced segment.

Despite difficulties posed by the Covid-19 pandemic, their prices increased by 3 per cent from the previous quarter, while some luxury projects saw their prices rise by 5.3 per cent quarter-on-quarter and 27.5 per cent year-on-year. Most projects offered for sale in the city are priced at VNĐ35 million (US$1,516) per square metre. There is almost no new supply in the low-priced segment. Some projects in the city’s neighbouring provinces such as Bình Dương and Đồng Nai have reached prices of VNĐ 40-42 million ($1,732-1,819).

Opportunity to ‘buy a house without difficulty’

With the short supply, many people tend to opt for apartments that are far from the city centre and have more reasonable prices.In return for that, they enjoy many amenities, a fresh air and guaranteed security. The distance gradually becomes a secondary factor once infrastructure is gradually improved and the travel time is significantly reduced.

Projects recently launched in the market have improved designs, not only ensuring aesthetics but also maximising the apartment area and optimising function of apartments. Many high-end facilities such as schools, medical centres, supermarkets, shopping malls, swimming pools, gyms, parks, and restaurants – coffee shops, are also integrated into projects to help improve the quality of life of their occupants.

Perspective of MP6, MP7 and MP8 blocks at the Mizuki Park township by Nam Long, which offers the “Housing savings in 2020” programme

Besides, developers also collaborate with credit institutions to offer loans on easy terms including extended tenors to support home buyers. Nam Long Investment Corporation has, for instance, just announced the Housing Savings Programme in co-operation with Vietcombank, which has interested many customers. The programme is applicable to 600 apartments in three blocks, MP6, MP7 and MP8 (Flora product line) at the 26-hectare Mizuki Park township on Nguyễn Văn Linh Avenue, South Saigon. People wishing to buy an apartment can, instead of paying the developer to book a unit, open a savings account at Vietcombank under their own name and get the regular interest until the company begins sales. Customers can close their savings account at any time, but if they choose to buy, the amount in the account will be converted into a deposit for an apartment when sales begin. More than 2,500 customers participated in a similar programme by Nam Long in 2018 and 2019 when they bought at Akari City and Waterpoint projects.

Mizuki Park is being built by Nam Long and Japanese corporations Hankyu Hanshin and Nishitetsu Group, who have over 100 years of experience and strong financial status. At the time of sales, if people choose an apartment, they will only pay 50 per cent until the fourth quarter of 2022 and in easy instalments, meaning it is highly suitable for those wishing to buy a house to live in but need some time to raise funds. This is the second largest project on Nguyễn Văn Linh Avenue after only Phú Mỹ Hưng. The highlights of the township are its complete utility system that includes 17,000sq.m of canals weaving throughout, 2.5km of bike paths, 103,000sq.m of greenery, theme parks for families and children, bonsai, space for meditation and events, a 40,000sq.m school, 15.000sq.m commercial space, a sports centre, and healthcare and entertainment amusement areas.

Importantly, many large public works are under construction in the project area such as metro lines 4A and 5, monorail No.2, Thủ Thiêm Bridge 4, Kênh Tẻ 2 Bridge, and the Nguyễn Văn Linh-Nguyễn Hữu Thọ intersection that facilitate travel to the city centre, which means great potential for price appreciation in the near future. Nam Long handed over 1,500 apartments, townhouses, villas, and utilities in the first phase of the project, and their prices have already increased by around 30 per cent in the secondary market. Blocks MP6, MP7 and MP8 to be launched are situated at the edge of the canal, adjacent to the Event Park and Japanese garden, which, together with the Housing Saving programme, make them very attractive to many prospective customers.

(Source: Nam Long Group (Hose: NLG))

Nam Long kicked start 2020 with many prestigious awards including Top 50 Vietnam The best in 2019, Vietnam’s Top 500 largest enterprises in 2019 and Vietnam’s Best Developer in 2019.

VNR 500 continued to honor Nam Long Group in their Top 50 Vietnam the Best and Vietnam’s Top 500 Largest enterprises in 2019, published by Vietnam Report Company and VietnamNet. VNR 500 relies on the results of research and independent assessment, in combination with evaluation criteria including Revenue, profit, growth, total assets, total labor and other indicators such as profitability ratios i.e. ROA, ROE and reputation of the company.

In addition, Nam Long was also voted as Vietnam’s Best Developer in 2019 at the Vietnam’s Outstanding Property Awards in 2019 hosted by The Business Review Magazine.

This result is a recognition for the effort of the entire group which put together efficient and transparent business activities, stable development, solid financial capability and active contribution to the growth of the Vietnamese business community in general as well as the real estate industry.

For almost three decades of developing residential properties, Nam Long has consistently pursued the mission of creating living environments which add human values to the community. From now till 2021, Nam Long sets the goal for sustainable development, profit growth of 25% – 30% in the next three years, land acquisition and market expansion to the North. The newly sought land funds are clean land ready for development at key economic regions in the South, including Ho Chi Minh City, Dong Nai, Long An, Binh Duong and the northern key economic provinces such as Hanoi, Hai Phong and Quang Ninh to realize the vision of becoming Vietnam’s leading township developer.

(Source: Nam Long Group (Hose: NLG))

From the idea of an integrated multiutility township, Mizuki Park project focuses on developing a system of shared utilities and infrastructure construction to connect with the city center. In particular, the opening of traffic interchange connecting Mizuki Park directly to Nguyen Van Linh boulevard at the end of November will enhance the project’s connectivity.

Strategically located on the connecting route of City East and West and allowed quick access to District 1, district 5 and South Saigon, it is very easy to travel from Mizuki Park to Phu My Hung, District 1, District 2, District 4, District 5 and District 8 via main roads including Nguyen Van Linh, Nguyen Van Cu, Nguyen Huu Tho and Pham Hung, Highway 50… Hence with the intersection of Mizuki Park and Nguyen Van Linh opened to traffic, the future residents will travel conveniently and save 10 to 15 minutes traveling home or accessing to main roads in the area.

Besides, Mizuki Park is situated inside the area with lots of ongoing infrastructure development in south Saigon. According to HCMC Department of Transport, many infrastructure projects in south Saigon area have been in the progress for approval till 2020 such as: expansion of North-South route, section between Hoang Dieu and Nguyen Van Linh, Thu Thiem 3 Bridge, Thu Thiem 4 Bridge (with an investment of VND 5,000 billion), intersection of Nguyen Van Linh and Nguyen Huu Tho (with an investment of VND 2,600 billion), Nguyen Khoai Bridge conecting District 7 and District 4 (with an investment of VND 1,250 billion)… In December this year, the construction of 3-storey underground tunnel at the intersection of Nguyen Huu Tho and Nguyen Van Linh will begin. The fast development of regional infrastructure will shorten the traveling time from South Saigon and particularly from Mizuki to the city center and the new financial district.

In the future, Mizuki will also take advantage from Metro Line 5, Monorail line 2, BRT bus route. As a sizable multifunctional township, Mizuki Park has a diversified system of high-class facilities, including education centers, kindergartens, school, university, hi-tech research institute, health center, entertainment center, commercial center, supermarket, restaurants, convention centers, etc. Every daily needs of services, working or studying of the residents at Mizuki Park will be responded quickly, their quality of life will be improved, and values of the properties will also increase rapidly over time.

Mizuki Park has a total of more than 5,200 Flora Mizuki apartments, 600 shophouses, townhouses, Valora villas and luxury villas. All Mizuki products in phase 1 were sold out shortly in 2018. Currently, the final stage of 1,400 products will be completed for hand over in December.

(Source: CafeF)

Growing despite the challenges of the real estate market with 2018’s revenue exceeded 124% of the plan, net profit increased by 43% to VND 763 billion, Nam Long Group (HOSE : NLG) was honored by Forbes Vietnam on the prestigious list of “50 Best Listed Companies” in 2019.

The list is assessed and ranked by Forbes Vietnam on the best-performing companies in the market, based on objective criteria, development, growth rate, sustainability and transparency of the business. In 2018, Nam Long recorded a 25% increase in sales at VND 5,156 billion, 11% increase in total revenue at VND 3,480 billion. The group’s net profit increased by 43% to VND 763 billion. The annual results went according to strategic plan, with net profit exceeded the projection at 124%. By the end of first half of 2019, Nam Long’s total assets worth VND 10,303.7 billion, cash balance was nearly 1,854 billion VND, net revenue surpassed VND 935 billion, 6-month’s gross profit totaled up more than VND 327 billion and profit after tax was VND 265.8 billion, up by 24% compared to the same period last year

To be in the top 3 township developers by 2020, Nam Long has accelerated the development of large-scale townships in 2019 based on international standards, modern infrastructure and complete utility system to add extra value for customers and shareholders. Specifically, in the first half of 2019, Nam Long announced the township development and market expansion strategy with more than 200-hectare of new clean land fund at Waterfront township (170 hectare in Long Hung, Dong Nai), Nam Long Dai Phuoc (45 hectare in Nhon Trach, Dong Nai) and Nam Long Hai Phong (21 hectare in Thuy Nguyen, Hai Phong). This is considered an outstanding growth rate of Nam Long’s with new land fund added in short period of time equivalent to 50% of the total land fund developed in the past 15 years. Currently, the total of NLG’s clean land fund in Ho Chi Minh City, Long An, Dong Nai, Can Tho and Hai Phong are 650 hectares which is the second biggest land fund for township development in Vietnam market.

For 2019-2021 planning, Nam Long continues to set a target to increase the number of products developed by 4 times and the number of products delivered by 3 times, compared to the period 2015-2018. This is equivalent to building nearly 26,000 EHome, Flora and Valora products and delivering more than 16,000 products in potential townships. Net profit in 2019 is projected at VND 956 billion, up 26% compared to 2018, and up to VND 1,100 billion by 2020.

Accordingly, Nam Long’s plans for the Q3 and Q4/2019 include the sales opening of Akari City (district Binh Tan), Waterpoint (Long An), Phase 2 Mizuki Park, and the delivery of Valora townhouses and villas, Flora Mizuki apartments (part of Mizuki Nguyen Son townshop in district Binh Chanh) and Flora Novia apartment (district Thu Duc).

(Source: Nam Long Group (Hose: NLG))

Forbes Vietnam has unveiled the list of Top 50 Brands in Vietnam in 2019. Real estate industry has 4 nominations including Vinhomes, Vincom Retail, Novaland and Nam Long, with a total value of USD $645 million.

Compared to 2018’s list, this year ranking has been categorized by sectors. After being categorized, the brands with most value were selected from top of the categorized lists and extended to 50 brands, in accordance with the development of enterprises and the economy. Selecting the most valuable brands categorized by sectors helps the list to have more outstanding brands in various fields and reflects specific characteristics of each sectors.

This is the first time Nam Long was nominated in the list Top 50 Brands as one of the four leading enterprises in real estate industry. Nam Long has been known as a pioneering township developer with innovations in business model to diversify products in response to different market segments. At the same time, Nam Long’s capital structure is also highly sustainable and proactive in market fluctuations. With more than 650 hectares of existing clean land fund, Nam Long is currently in the Top 5 public companies with largest land fund and has second largest land fund for housing property development.

In early 2019, Nam Long was also recognized in the Top 50 Most Valuable Vietnamese Brands in 2018 according to Brand Finance Report. In order to realize its vision for 2020 as one of the Top 3 township developers in Vietnam, Nam Long focused on developing large township which apply international standards, modern infrastructure and complete utility system to bring additional value to customers and shareholders. By the end of first half of 2019, Nam Long’s total assets worth VND 10,303.7 billion, cash balance was nearly 1,854 billion VND, net revenue surpassed VND 935 billion, 6-month’s gross profit totaled up more than VND 327 billion and profit after tax was VND 265.8 billion, up by 24% compared to the same period last year. Planning for Q3 and Q4, Nam Long plans to open sales for the Akari City township (Binh Tan), Waterpoint Phase 1 (Long An), Mizuki Park Phase 2 and deliver the Valora townhouses and villas, the Flora Mizuki apartment (located in Mizuki Nguyen Son – Binh Chanh) and the Flora Novia apartment (Thu Duc).

List of leading brands in the real estate industry 2019

Forbes Vietnam followed valuation standard of Forbes (from the U.S.) to estimate the contribution of brand to companies’ performance. Business brands with most value belong to companies having large revenue in sectors they play leading role. The data was collected from the financial reports released by companies. Non-listed companies were asked to provide financial data and Forbes Vietnam audited the information via independent sources. Trademark income brought to the business was determined from the value of the intangible asset’s contribution after tax deduction and distributed depending on the brand contribution in each industry. The final trademark value was determined based on the industry regional average Price-to-Earnings Ratio. For unlisted companies, Forbes applied comparison method with companies of the same size and sectors to determine brand value.

(Source: Nam Long Group (Hose: NLG))

With a stable annual growth, 2018 financial results surpassed the plan by 24% and a net profit of VND 763 billion, which means 43% increase despite the challenges of real estate market, Nam Long Group was honoured in the reputable list of “Vietnam’s 50 Best Performing Companies in 2018”.

The list of Vietnam’s 50 best-performing companies is an annual ranking organized by the Nhip Cau Dau Tu (Investment Bridge) magazine and Thien Viet Joint Stock Company in Ho Chi Minh City in consultation with economic experts from Harvard and reference from Bloomberg Businessweek, Fortune, Forbes global rankings. The ranking is based on the company performance in 3 consecutive years and 3 growth indicators i.e. Revenue, Return on Equity (ROE) and earning per share (EPS).

In 2018, after a series of successful launch, Nam Long recorded a 25% increase in sales revenue, at VND 5.156 billion, 11% increase in revenue at VND 3.480 billion. Net profit of parent’s company increased by 43% to VND 763 billion. Annual revenue exceeded 24% compared to the plan. Accelerating in 2019, the Group has recorded a net revenue of VND 332 billion and profit of VND 145 billion, which equivalent to 358% growth in Q1.

Besides, realizing the vision of 2020 to become the Top 3 leading township developer, in the second half of 2019, Nam Long announced its approved township development strategy, marketing expansion and sales plan in 2019. Specifically, Nam Long will add more than 200-hectare of new clean land fund at Waterfront township (170 hectare in Long Hung, Dong Nai), Nam Long Dai Phuoc (45 hectare in Nhon Trach, Dong Nai) and Nam Long Hai Phong (21 hectare in Thuy Nguyen, Hai Phong). This is considered an outstanding growth rate of Nam Long’s with new land fund added in short period of time equivalent to 50% of the total land fund developed in the past 15 years. Currently, the total of NLG’s clean land fund in Ho Chi Minh City, Long An, Dong Nai, Can Tho and Hai Phong are 650 hectares which is the second biggest land fund for township development in Vietnam market.

According to 2019 plan, Nam Long set sales revenue target at VND 7.900 billion, net revenue at VND 3.485 billion, excluding the revenue from joint venture with Japanese partners due to the nature of partnership strategy. Net profit in 2019 is projected at VND 956 billion, up 26% compared to 2018, and up to VND 1,100 billion by 2020. Accordingly, Nam Long’s plans for the Q3 and Q4/2019 include the sales opening of Akari City (district Binh Tan), Waterpoint (Long An), Phase 2 Mizuki Park, and the delivery of Valora townhouses and villas, Flora Mizuki apartments (part of Mizuki Nguyen Son townshop in district Binh Chanh) and Flora Novia apartment (district Thu Duc).

In addition, thanks to the efforts made to ensure sustainable growth, Nam Long is continuously nominated on many other prestigious rankings: Top 50 Vietnamese Brands (by Brand Finance), Vietnam’s Top 50 listed companies, Top 50 Vietnam Best Growth, Top 10 Prestige Real Estate Investors in 2019, Top 500 Enterprises in Vietnam 2019, Top 500 fastest growing enterprises in Vietnam in 2019, Best brand 2019…

(Source: Nam Long Group (Hose: NLG))