Ha Noi South Housing And Urban Development Corporation

What Ha Noi South Housing And Urban Development Corporation does

Ha Noi South Housing And Urban Development Corporation (NHA) is a Vietnam-domiciled, state-owned real estate development and construction firm headquartered in Duy Tien town, Ha Nam province. Originally incorporated as Công ty TNHH Thành Mỹ in March 2004, the company was restructured into a publicly listed entity and began trading on the Ho Chi Minh Stock Exchange (HOSE) under ticker NHA on July 13, 2010, with an initial offering of 5.89 million shares at 20,600 VND per share. As of February 2026, the company had 64.79 million shares outstanding, a predominantly domestic shareholder base of over 5,172 holders, and Chairman Nguyễn Minh Hoàn as the largest shareholder at 23.92%.

NHA operates across five core business segments: (1) Real Estate — residential and mixed-use urban development in Ha Nam province; (2) Industrial Factories — leasing factory space in Cầu Giất and Hoàng Đông industrial clusters (~6,100 m2 combined), plus a new 9.9 ha, 301 billion VND project at Châu Giang; (3) Construction — main and subcontracting of technical infrastructure, roads, and public works; (4) Technical Infrastructure — including BT (Build-Transfer) projects such as the 05 main arterial roads in Duy Tien; and (5) Hotels and Restaurants — the Hoa Mac hotel and commercial complex. The technology stack is conventional real estate/construction with no proprietary technology disclosed; no AI, software, or digital platform components were identified.

The revenue model blends one-time transactional sales (housing units, land plots, construction contracts) with recurring streams (factory leasing, hotel/commercial leasing). Pricing is opaque and negotiated individually; sales are conducted through direct channels and project showrooms within a single domestic geography (Northern Vietnam). Customer segments include individual home buyers, industrial tenants (both FDI and domestic firms operating in Ha Nam industrial zones), and government/quasi-government counterparties for BT infrastructure projects. Active major projects include the 446 billion VND Dong Van mixed-use development, the 562 billion VND Duy Tien Central Urban Area (BT-linked), the 320 billion VND Hoa Mac Hotel Complex, and the 236 billion VND Tan Ha Residential Phase 1 joint venture.

Name

Ha Noi South Housing And Urban Development Corporation

Legal name

Tổng Công ty Đầu tư Phát triển Nhà và Đô thị Nam Hà Nội

Website

https://namhanoi.com.vn

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Ha Noi South Housing and Urban Development Corporation (NHA) is a Vietnam-listed, state-owned real estate developer and construction firm based in Ha Nam province, developing residential, industrial factory, hospitality, and infrastructure projects across five business segments.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (2372), New Housing For-Sale Builders (236117)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531)

akta.pro industry

PRIMARYIMAFABAL

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities)

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Residential Building Construction

SECONDARYIMAFABAI

Residential Affordable Housing Development & Construction

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Residential Building Construction

Keywords

• Residential real estate development
• Industrial factory leasing
• Construction contracting services
• Urban infrastructure development
• Hotel and commercial property

Headquarters

HQ city

Nam Dinh

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: Developing residential housing projects and urban areas in Ha Nam province. Revenue from selling housing units and land plots to individual buyers and investors.
2. Industrial Factory Leasing: Operating factory buildings for lease to domestic and FDI companies in industrial zones. Two existing facilities with approx. 6,100 m2 total leasable area, plus a new 9.9 ha project under development.
3. Construction Services: Construction of technical infrastructure, roads, and public facilities as both main contractor and subcontractor.
4. Hotel and Commercial Services: Operating hotel and commercial complex at Hoa Mac, including supermarket, office space for lease, and restaurant services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Ha Noi South Housing And Urban Development Corporation (NHA) is a publicly listed Vietnamese real estate and construction corporation that develops integrated urban projects in Ha Nam province. The company sells residential housing units and land plots, leases industrial factory buildings, builds technical infrastructure (roads, drainage, utilities) under Build-Transfer contracts, operates hotel and commercial-service complexes, and provides general construction services as main or subcontractor.

Product overview

Tổng Công ty Đầu tư Phát triển Nhà và Đô thị Nam Hà Nội (NHA) operates as a diversified real estate and construction company in Ha Nam province, Vietnam. The company's product portfolio consists of five core business segments: (1) Real Estate (Bất động sản) - residential and commercial property development; (2) Industrial Factories (Nhà xưởng công nghiệp) - factory leasing in industrial clusters; (3) Construction (Xây dựng công trình) - construction services; (4) Technical Infrastructure (Hạ tầng kỹ thuật) - infrastructure development; and (5) Hotels and Restaurants (Nhà hàng, Khách sạn) - hospitality and commercial services. Key projects include the Residential and Commercial Services East of Dong Van project (446 billion VND), the Hoa Mac Hotel and Commercial Complex (320 billion VND), the Duy Tien Central Urban Area (562 billion VND), the Chau Giang Factory for Rent (301 billion VND), the Tan Ha Residential Area Phase 1 (236 billion VND), and the 05 Main Road Lines infrastructure project (220 billion VND). The company was established on March 26, 2004 and is listed on HOSE with stock code NHA.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Development (Bất động sản)
• Industrial Factory Leasing (Nhà xưởng công nghiệp)
• Construction Services (Xây dựng công trình)
• Technical Infrastructure Development (Hạ tầng kỹ thuật)
• Hotel and Commercial Services (Nhà hàng, Khách sạn)
• Khu nhà ở và thương mại dịch vụ tổng hợp phía Đông Đồng Văn (Residential and Commercial Services East of Dong Van)
• Tổ hợp khách sạn thương mại dịch vụ tổng hợp và siêu thị Hoà Mạc (Hoa Mac Hotel and Commercial Services Complex)
• Khu đô thị trung tâm Duy Tiên (Duy Tien Central Urban Area)
• Nhà xưởng cho thuê Châu Giang (Chau Giang Factory for Rent)
• Khu nhà ở Tân Hà giai đoạn 1 (Tan Ha Residential Area Phase 1)
• 05 Tuyến đường trục chính đô thị Duy Tiên (05 Main Road Lines in Duy Tien Urban Area)

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Công ty cổ phần xây dựng dân dụng công nghiệp Hà NộicoreImplementation/ SI/ Consulting Partner · 16 June 2026General construction contractor for the Labala Dong Van Hotel project. A 12-story hotel being built as part of the Residential and Commercial Services complex project in Dong Van area.
• Công ty cổ phần xây dựng Sơn HàcoreImplementation/ SI/ Consulting Partner · 16 June 2026Design consultant for the Labala Dong Van Hotel project. Responsible for design services for the 12-story hotel construction.
• Công ty cổ phần tư vấn xây dựng Trần AnhcoreImplementation/ SI/ Consulting Partner · 16 June 2026Supervision consultant for the Labala Dong Van Hotel project. Monitors construction quality and progress.
• Công ty TNHH An Việt Bách và Công ty CP tư vấn xây dựng Trần Anh (Liên danh)coreImplementation/ SI/ Consulting Partner · 16 June 2026Joint venture supervision consultant consortium for the Labala Dong Van Hotel project.
• Công ty Cổ phần Đầu tư Phát triển Hạ tầng KCN Đồng Văn IIIminorStrategic or Co-development PartnerClient/owner for road construction projects N4.1, D5 at Đồng Văn III Industrial Zone Phase 2. Project value: 42.9 billion VND, completed early 2022.
• Công ty Cổ phần Đầu tư Phát triển Thành ĐạtminorStrategic or Co-development PartnerOwner/client for the comprehensive port terminal construction project at Yên Lệnh Bắc. Project investment: 29.3 billion VND.
• Công ty TNHH Xây dựng Hưng MỹcoreStrategic or Co-development PartnerJoint venture partner (33% stake) for Tân Hà Residential Project Phase 1. Total investment 236 billion VND. Land acquisition 90% complete by end of 2021.
• Công ty Cổ phần Đầu tư và Xây dựng Số 6coreStrategic or Co-development PartnerJoint venture partner (34% stake) for Tân Hà Residential Project Phase 1. Total investment 236 billion VND.

Scale indicators4 records

Recent moves6 records

Direct peers

• Nam Long Group: Vietnamese real estate developer (HOSE: NLG) developing residential townships, mid-end housing, and integrated communities. Comparable as a HOSE-listed residential and township developer targeting Vietnamese middle-income buyers with similar project scale and geographic focus in the South.
• Hòa Bình Construction Group: Vietnamese construction and real estate firm (HOSE: HBC) active in general contractor construction and real estate development. Comparable as a listed Vietnamese company with parallel construction services and real estate development activities.
• Khang Điền House: Vietnamese residential developer (HOSE: KDH) building mid-to-high-end townhouse and villa communities primarily in Ho Chi Minh City. Comparable as a listed Vietnamese residential developer building subdivision-style communities for owner-occupiers.
• Đất Xanh Group: Vietnamese real estate services and development group (HOSE: DXG) operating brokerage, primary residential development, and industrial parks. Comparable as a diversified listed Vietnamese property company with overlapping residential development and brokerage-style distribution channels.
• Phát Đạt Real Estate: Vietnamese real estate developer (HOSE: PDR) focused on residential and mixed-use projects. Comparable as a HOSE-listed property developer with a project-driven, asset-light development model targeting similar middle-market residential segments.
• Becamex IDC: Vietnamese state-linked industrial and urban developer (HOSE: BCM) operating industrial zones, residential townships, and infrastructure in Bình Dương province. Closest peer in terms of state-owned status, integrated industrial-residential-infrastructure model, and provincial-scale operations.

Broad incumbents

• Coteccons Construction: Leading Vietnamese general construction contractor (HOSE: CTD) executing residential, commercial, and industrial building projects. Comparable to NHA's construction segment, though Coteccons operates as a pure contractor at significantly larger scale.
• Novaland Investment Group: Major Vietnamese real estate developer (HOSE: NVL) focused on residential, mixed-use, and township projects. Comparable as a HOSE-listed property developer serving middle-class Vietnamese home buyers, though concentrated more in Ho Chi Minh City.
• Vinhomes: Vietnam's largest residential real estate developer (HOSE: VHM), part of Vingroup. Comparable as a publicly listed Vietnamese developer building large-scale master-planned residential communities, though at vastly greater national scale and capital base.

Regional players

• Sonadezi Corporation: Vietnamese state-owned industrial zone developer (HOSE: SNZ) operating in Đồng Nai province. Comparable as a provincial-scale state-owned developer of industrial parks with adjacent residential and commercial real estate activities, though based in southern Vietnam.

Market position

Strengths5 records

Weaknesses5 records

Key risks7 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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 Ha Noi South Housing And Urban Development Corporation