577 Investment
577 Investment (HOSE: NBB) is a Vietnamese publicly listed real estate developer founded in 2004, building high-rise apartments, residential subdivisions, and luxury resort/eco-tourism projects across multiple Vietnamese provinces and selling them directly to individual homebuyers and resort investors.
- Company typePublic
- Founded2004
- HeadquartersHo Chi Minh City, Vietnam
- Headcount101–250
- GTM typeB2C
- OfferingServices
What 577 Investment does
577 Investment (legal name Công ty Cổ phần Đầu tư Năm Bảy Bảy, HOSE ticker NBB) is a Vietnamese publicly listed real estate development and investment company founded in 2004 and listed on the Ho Chi Minh City Stock Exchange since 2009. The company operates across three stated business pillars: Real Estate (the primary segment), Infrastructure & Mining, and Industrial Production, with charter capital of VND 1,004.7 billion and headquarters in CII Tower, 152 Điện Biên Phủ, Phường Thạnh Mỹ Tây, Ho Chi Minh City. Its project footprint spans at least eight provinces, including Ho Chi Minh City, Bình Thuận, Quảng Ngãi, Quảng Ninh, Lâm Đồng, Bạc Liêu, and Quảng Nam, supported by branch operations in Bình Thuận, Quảng Ngãi, and Northern Vietnam.
The portfolio mixes high-rise apartment developments, large residential subdivisions, and luxury resort/eco-tourism projects. Anchor high-rise assets include NBB Garden III (5.27 hectares, 2,747 apartments, up to 33 floors), NBB II (7.88 hectares, 1,500 apartments), City Gate Towers (1,092 apartments in four 28-floor blocks), Diamond Riverside (1,602 apartments plus 50 duplex shophouses), and Carina Plaza (736 apartments, the company's first high-rise project delivered in Q3 2011). Larger-format developments include the Son Tinh Residential Area in Quảng Ngãi (2,965 plots), De Lagi Luxury Resort and Residential Area in Lâm Đồng (124.53 hectares with 3.2 km of coastline), Hồng Ngọc Island Luxury Golf Villa in Quảng Ngãi (~233.4 hectares with an 18-hole golf course and 5-star hotel), Thủy Sản Hill Villas in Quảng Ninh adjacent to Ha Long Bay, the Nam Tam Phu Eco-Urban Area in Quảng Nam (78.68 hectares via a 49% JV), and the Đồn Điền Eco-tourism project in Quảng Ninh. Construction employs prestressed cable-tensioned slab technology that removes traditional reinforced concrete beams to deliver slender architectural profiles and improved load-bearing in high-rise structures.
Revenue is generated almost entirely through one-time sales of developed property units to individual homebuyers, resort buyers, and investors in Vietnam, with pricing quoted per unit and not publicly disclosed in standardized form. Distribution is direct, via on-site project sales offices and the corporate headquarters in Ho Chi Minh City, targeting a horizontal segmentation of individual homebuyers (primary) and resort/tourism investors (secondary). The operating model is supported by wholly-owned subsidiary Hùng Thanh (developer of Carina Plaza and investor in City Gate Towers), a 49% JV with 533 Construction Consulting JSC at Nam Tam Phu, and an ecosystem of engineering and quality partners including CIIEC, COSACO, and Apave. The company is closely affiliated with CII (City Infrastructure Investment), which is both a major shareholder and the tenant of the headquarters building, and in December 2025 formalized a strategic investment cooperation with Japan's Creed Group covering the City Gate Towers project.
577 Investment firmographics
Firmographics- Name
- 577 Investment
- Legal name
- Công ty Cổ phần Đầu tư Năm Bảy Bảy
- Website
- https://nbb.com.vn
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- 577 Investment (HOSE: NBB) is a Vietnamese publicly listed real estate developer founded in 2004, building high-rise apartments, residential subdivisions, and luxury resort/eco-tourism projects across multiple Vietnamese provinces and selling them directly to individual homebuyers and resort investors.
- Ownership category
- akta.pro rank
577 Investment industry classification
Industry- Product category
- Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
- akta.pro secondary industry
- Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)
Keywords
Where 577 Investment is headquartered
LocationHeadquarters
- HQ city
- Ho Chi Minh City
- HQ country
- Vietnam
- HQ region
- Asia
Offices4 records
Markets served
577 Investment business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Real Estate Development and Sales: Primary revenue stream from developing and selling residential properties including apartments, villas, townhouses, and commercial units across multiple projects in Vietnam. Revenue recognized upon property transfer to customers.
- Infrastructure Investment: Revenue from infrastructure development projects including roads, utilities, and mining operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Residential Apartments |
| Unit Pricing | Pay-as-you-go | Villas and Townhouses |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
577 Investment product offering
Product offeringCore offering
577 Investment develops, constructs, and sells residential, commercial, and resort real estate properties across Vietnam, with a primary focus on high-rise apartment complexes, urban residential subdivisions, luxury resort and villa developments, and eco-tourism projects. The company also invests in infrastructure (roads, utilities) and mining operations as secondary activities, while generating revenue through one-time unit sales to individual homebuyers, investors, and resort buyers.
Product overview
577 Investment (Nam Bay Bay Investment Joint Stock Company) operates as a multi-sector investment corporation primarily focused on real estate development, with three main business segments: Real Estate, Infrastructure & Mining, and Industrial Production. The company develops residential areas, high-rise apartments, luxury resorts, and eco-tourism projects across Vietnam. Key products include NBB Garden III, NBB II, Son Tinh Residential Area, De Lagi Luxury Resort, City Gate Towers, Diamond Riverside, and Carina Plaza. The company also has eco-urban and resort projects in Quang Ngai, Quang Nam, Quang Ninh, Lam Dong, Binh Thuan, and Bac Lieu provinces.
Differentiator
Problem solved
Functional benefit
Products and services
- NBB Garden III
Companies that use 577 Investment
Customer profileSegments2 records
Ideal customer profiles2 records
577 Investment technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
577 Investment partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Creed GroupcoreStrategic investment cooperation with Creed Group (Japan) including investment cooperation contract for City Gate Towers project and series of cooperation commitments on finance and development of real estate projects.
- ApaveminorInternational inspection, certification, and testing services partner for construction quality assurance.
- Thiên An (Thien An)minorStrategic partner for project development in Quảng Ngãi region.
- 533 Construction Consulting Joint Stock CompanyminorJoint venture partner for Nam Tam Phu Eco-Urban Area project in Quảng Nam (577 holds 49% stake).
- Hùng Thanh CompanyminorSubsidiary member of 577 Group, invested 100% in projects like Carina Plaza, NBB II, and City Gate Towers.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
577 Investment competitors and assessment
Company assessmentDirect peers
- Becamex IDC: HOSE-listed (BCM) industrial and residential developer operating in Bình Dương and surrounding provinces. Comparable as a Vietnamese listed developer with mixed industrial/residential pipeline and similar provincial master-planned community exposure.
- Nam Long Investment: HOSE-listed (NLG) Vietnamese residential developer focused on mid-rise and township projects (Ehome, Flora, Valora product lines). Comparable in for-sale apartment and townhouse development targeting individual homebuyers in Vietnam.
- Phát Đạt Real Estate: HOSE-listed (PDR) Vietnamese developer of residential and mixed-use projects (The EverRich, Phát Đạt Tower). Comparable mid-cap for-sale residential developer with similar project-based revenue recognition and domestic-only exposure.
- Đất Xanh Group: HOSE-listed (DXG) Vietnamese real estate developer and broker with residential projects (Gem Riverside, Opal Skyline, Luxcity) and brokerage operations. Comparable in for-sale apartment development targeting individual buyers in HCMC and other provinces.
- Novaland Investment Group: Vietnamese residential and resort real estate developer listed on HOSE (NVL) with a similarly diversified portfolio of apartments, villas, and second-home projects across Vietnam. Direct comparable in product mix, customer segments, and exposure to the same domestic property cycle headwinds.
- Sunshine Group: Vietnamese residential and resort developer (Sunshine Homes) listed via KLF, with projects including Sunshine City, Sunshine Marina, and resort properties in Quảng Ninh. Comparable in combining high-rise apartments with resort/tourism real estate.
- Hưng Thịnh Land: Vietnamese residential developer (Hưng Thịnh Corporation) operating HQC Plaza, Lavita Garden, and other apartment projects in HCMC and Bình Dương. Comparable for-sale apartment developer targeting individual homebuyers.
- Khang Điền House: HOSE-listed (KDH) residential developer in Ho Chi Minh City developing mid-to-high-end townhouse and villa projects (e.g., The Classia, Solina, Mega Residence). Comparable mid-cap Vietnamese for-sale residential developer with similar HCMC concentration.
- Refico: Vietnamese real estate developer (privately held but operationally comparable) developing residential and mixed-use projects in HCMC. Comparable mid-sized HCMC for-sale residential developer with similar customer profile.
Broad incumbents
- Vinhomes: Vietnam's largest residential real estate developer (HOSE: VHM) and part of Vingroup. Operates large-scale master-planned residential projects nationwide — directly comparable in for-sale residential and apartment product offering, but at meaningfully larger scale and capital access.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
577 Investment social profiles
Digital presence577 Investment financial estimates
Financial estimateRevenue estimate
Valuation estimate
577 Investment leadership team
Management profileNumber of profiles
577 Investment subsidiaries and ownership
Company hierarchySubsidiaries1 record
577 Investment funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
577 Investment M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 577 Investment
What does 577 Investment do?
577 Investment develops, constructs, and sells residential, commercial, and resort real estate properties across Vietnam, with a primary focus on high-rise apartment complexes, urban residential subdivisions, luxury resort and villa developments, and eco-tourism projects. The company also invests in infrastructure (roads, utilities) and mining operations as secondary activities, while generating revenue through one-time unit sales to individual homebuyers, investors, and resort buyers.
Is 577 Investment a public or private company?
577 Investment is a public company. It is classified as public and is currently operating.
When was 577 Investment founded?
577 Investment was founded in 2004. It employs 101 to 250 people.
Where is 577 Investment based?
577 Investment is headquartered in Ho Chi Minh City, Vietnam, in the Asia region.
How does 577 Investment make money?
Two revenue lines are on record. Real Estate Development and Sales are the primary driver. The others are infrastructure Investment.
Who are 577 Investment's main competitors?
Direct peers on record are Becamex IDC, Nam Long Investment, Phát Đạt Real Estate, Đất Xanh Group, Novaland Investment Group, Sunshine Group, Hưng Thịnh Land, Khang Điền House and Refico. Vinhomes is listed as a broad incumbent.
Does 577 Investment have an API?
No public API is recorded for 577 Investment.
What industry is 577 Investment in?
577 Investment's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of BPAJAMAL, Real Estate Development Asset Management (Project/Construction-to-Stabilization). Its NAICS code is 236117 and its SIC code is 6532.