What Nam Long does

Nam Long Investment Corporation (HoSE: NLG) is a publicly listed Vietnamese real estate developer founded in 1992/1993, headquartered in Ho Chi Minh City, with 33+ years of operating history. The company operates across the full real estate value chain through five business segments: Investment & Portfolio Management, Township & Residential Development, Commercial Property Investment & Development, Affordable Housing Solutions (EHome and EHomeS sub-brands), and Construction Services. Its portfolio spans 11 integrated townships and 681+ hectares of clean landbank, with flagship projects including Akari City, Izumi City, Waterpoint, and the premium Elyse Island (part of the Legacy Collection) — the latter featuring the Elyse Marina Club spanning 8+ hectares with resort-style amenities including a marina, Onsen/Ganbanyoku wellness facilities, and a 45-meter riverside pool.

The company's revenue model is predominantly one-time property transaction-based, complemented by recurring township and property management fees, construction services, and commercial real estate rental income. Customer segments span affordable and social housing (EHome/EHomeS serving first-time and middle-income buyers), integrated township residents, premium and luxury buyers (Legacy Collection), and government-registered rental housing. The company has delivered 31,000+ homes across all segments, with 7,000+ affordable EHome apartments and 5,000+ EHomeS social housing units completed. Core technology infrastructure includes SAP ERP and Landsoft property management software, supplemented by an integrated smart township platform with security, technical operations, and resident-facing applications.

Go-to-market is multi-channel: a proprietary Sàn Nam Long trading floor in HCMC, in-house enterprise sales teams, a nationwide distribution agent network, and digital channels (Google, Facebook, TikTok, Zalo). Recent strategic actions include partnerships with Japan's Nishi-Nippon Railroad (targeting 80% growth by 2030) and Thrive (Vietnam's first premium senior living ecosystem), registration with the Vietnamese government for ~100,000 rental housing units in HCMC alongside Vingroup, CT Group, and Novaland, and a new Board of Directors for the 2026-2031 term targeting doubled sales.

Name

Nam Long

Legal name

Nam Long Investment Corporation (Công Ty Cổ Phần Đầu Tư Nam Long)

Website

https://namlongvn.com

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

Nam Long Investment Corporation (HoSE: NLG) is a Vietnamese integrated real estate developer with 33+ years of history, operating across investment management, township development, commercial real estate, affordable housing, and construction. It delivers 11 townships and 681+ hectares of landbank serving 31,000+ families across affordable, mid-market, and luxury segments.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Land Subdivision (23721), Real Estate Property Managers (53131)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

akta.pro secondary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Residential property development
• Integrated township development
• Affordable housing solutions
• Commercial real estate
• Construction services

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Residential Property Development & Sales: Primary revenue stream from the development and sale of integrated townships, residential projects, and housing products across multiple price segments including affordable (EHome, EHomeS), mid-market, and premium/luxury (Legacy Collection, Elyse Island). Revenue is generated through one-time property transactions.
2. Commercial Real Estate Investment & Development: Development and investment in commercial real estate assets, including retail spaces, office components within townships, and rental spaces within managed properties.
3. Construction Services: Construction services provided to support the company's own development pipeline and potentially external clients, covering the full real estate value chain.
4. Township & Property Management: Post-handover property and township management services including maintenance, DMA (Development Management Agreement) contracting, and community operations for completed townships.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels9 records

Core offering

Nam Long develops and sells integrated townships and residential real estate across Vietnam, spanning affordable apartments (EHome), social housing (EHomeS), mid-market townships (Akari City, Izumi City, Waterpoint), and premium/luxury projects (Legacy Collection including Elyse Island). The company operates across the full real estate value chain including investment management, construction services, commercial real estate development, and post-handover township and property management.

Product overview

Nam Long is an integrated real estate group in Vietnam that operates across the entire real estate value chain. The company offers five main business segments: Investment & Portfolio Management, Township & Residential Development, Commercial Property Investment & Development, Affordable Housing Solutions, and Construction Services. Its product portfolio includes mass-market affordable housing (EHome with 7,000+ units, EHomeS social housing with 5,000+ units), premium township developments (Akari City, Izumi City, Waterpoint, Elyse Island), and the luxury Legacy Collection. Elyse Island features amenities such as the Elyse Marina Club spanning over 8 hectares with resort-style facilities. The company has developed 11 integrated townships nationwide across 681 hectares of landbank, serving over 31,000 families.

Differentiator

Problem solved

Functional benefit

Brands

• Elyse Island: Premium residential project on Dai Phuoc Island, Dong Nai, part of the Legacy Collection featuring marina club, resort-style amenities, and Mediterranean-inspired architecture.
• Legacy Collection
• EHome
• EHomeS
• Akari City
• Izumi City
• Waterpoint

Products and services

• Akari City Integrated township development project located in the Eastern part of Ho Chi Minh City, designed as a mid-market residential community with comprehensive amenities.
• Izumi City Integrated township development project located in Dong Nai province targeting mid-market families seeking comprehensive residential environments with community amenities.
• Waterpoint Integrated township development project located in Long An province, delivering mid-market residential units with comprehensive community amenities and infrastructure.
• Elyse Island Premium island township spanning approximately 45 hectares at Dai Phuoc Island in Dong Nai, part of the Legacy Collection. Features resort-standard amenities including a marina club, riverside promenade, Onsen and Ganbanyoku wellness facilities, clubhouse, 45m riverside pool, and Mediterranean-inspired architecture targeting high-net-worth buyers.
• EHome Affordable apartment housing brand providing completed residential units to middle-income and first-time homebuyers in Vietnam. Over 7,000 units delivered to date.
• EHomeS Social housing brand providing affordable housing units for low-income Vietnamese residents. Over 5,000 units developed to date.
• Legacy Collection Premium luxury real estate collection including Elyse Island and other high-end developments, targeting high-net-worth buyers seeking differentiated, lifestyle-oriented residential products.
• Commercial Real Estate Investment & Development Development and investment in commercial real estate assets including retail spaces, office components within townships, and rental spaces within managed properties.
• Construction Services Construction services supporting Nam Long's real estate development pipeline, covering the full real estate value chain from groundwork through project completion.
• Investment & Portfolio Management Investment and portfolio management services covering Nam Long's real estate assets, capital allocation across the development pipeline, and asset management for completed properties.
• Township & Property Management Post-handover property and township management services for completed Nam Long developments, including maintenance, DMA (Development Management Agreement) contracting, community operations, and smart city solutions for residents.

Quantifiable outcome

• 5,000+ EHomeS social housing units delivered; 7,000+ EHome affordable apartments completed
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• Nishi-Nippon RailroadcoreStrategic or Co-development Partner · 24 April 2026Nam Long ADC (a subsidiary or joint venture entity) entered a strategic partnership with Nishi-Nippon Railroad, a major Japanese railway company. The partnership targets 80% growth by 2030, reflecting Nam Long's international expansion strategy leveraging Japanese expertise in urban development and integrated transportation-oriented development.
• ThrivecoreStrategic or Co-development Partner · 23 April 2026Nam Long and Thrive launched Vietnam's first premium senior living ecosystem. This partnership positions Nam Long to address Vietnam's aging population trends and capture emerging demand for premium retirement and senior care living options, leveraging Thrive's expertise in senior living ecosystems.
• Vingroup, CT Group, Novaland (Rental Housing Initiative)flagshipStrategic or Co-development Partner · 1 January 2025Nam Long registered alongside Vingroup, CT Group, and Novaland with Vietnam's government to build nearly 100,000 rental housing units in Ho Chi Minh City. This consortium participation aligns with the government's policy shift making rental housing a 'strategic pillar' through 2030, representing Vietnam's largest coordinated private-sector rental housing effort.

Scale indicators10 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Vinhomes: Vietnam's largest residential real estate developer and a subsidiary of Vingroup. Both Vinhomes and Nam Long operate in the integrated township and large-scale residential development category in Vietnam, competing for similar mid-market to premium buyers.
• Khang Dien House: Vietnamese developer focused on affordable and mid-market residential projects in HCMC. Comparable to Nam Long's EHome/EHomeS affordable product line and similar townhouse/apartment projects targeting middle-income families.
• Novaland: One of Vietnam's leading property developers with a strong mid-to-high-end residential portfolio. Novaland is a registered partner with Nam Long in the HCMC 100,000-unit rental housing initiative and competes directly for urban residential buyers.
• Dat Xanh Group: Vietnamese real estate developer and brokerage with a significant mid-market residential focus. Comparable to Nam Long in customer segment and project scale, with overlapping geographic presence in southern Vietnam.
• Phat Dat Real Estate: Vietnamese real estate developer active in HCMC and surrounding provinces. Comparable to Nam Long as a mid-sized developer competing for urban residential and township projects in Vietnam's key growth corridors.
• An Gia Real Estate: Vietnamese mid-market residential developer with a focus on affordable and mid-segment apartments in HCMC. Directly comparable to Nam Long's EHome affordable product line and similar middle-income buyer segments.

Regional players

• Becamex IDC: Vietnamese industrial and urban developer focused on Binh Duong province and southern industrial zones. Comparable to Nam Long's township development model with industrial-adjacent integrated urban projects, though concentrated in a different geographic corridor.

Broad incumbents

• Vingroup: Vietnam's largest private conglomerate with interests spanning real estate (Vinhomes), retail, healthcare, and education. Vingroup is the parent of Vinhomes and a co-registered developer with Nam Long in the HCMC rental housing initiative.
• Sun Group: Large Vietnamese conglomerate with resort, premium real estate, and infrastructure projects. Comparable to Nam Long's premium/Legacy Collection segment (Elyse Island) where both target affluent buyers seeking resort-style amenities.
• CT Land: Vietnamese real estate arm of CT Group with diversified residential and commercial property operations. Comparable to Nam Long as a registered partner in Vietnam's 100,000-unit HCMC rental housing initiative.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/valora.nlg
• LinkedInlinkedin.com/company/nam-long-corporation

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nam Long