Nam Long (HOSE: NLG) was awarded Vietnam’s Leading Investors by BCI Asia Awards

Nam Long (HOSE: NLG) was awarded Vietnam’s Leading Investors by BCI Asia Awards

Following the success at the recent Asia Pacific Property Awards 2022 held in London (UK) after winning at 2 important categories “Best Mixed Use Architecture Vietnam” for Mizuki Park project (Binh Chanh, HCMC) and “Mixed Use Development Vietnam” for Izumi City project (Bien Hoa City, Dong Nai), Nam Long Group (HOSE: NLG) has just been nominated “Top 10 Developers in Vietnam”  2022 by the BCI Asia Awards 2022.

Representative of Nam Long Group, Van Viet Son, Director of Township & Housing Business Unit, received the “Top 10 Developers in Vietnam” award at BCI Asia Awards 2022

BCI Asia Awards is one of the most prestigious awards of the Construction – Real Estate industry in Asia, held annually in 7 countries and territories in the region, including: Vietnam, Singapore, Thailand, Malaysia, Hong Kong, Philippines and Indonesia. In particular, the category “Top 10 Investors” is awarded to investors who have significant influence and impact on the market. Awarded companies must meet conditions including having the highest total value of ongoing projects in the year 2021, developing large-scale and eco-friendly projects, and accomplishing community responsibility where the project is built. In addition, the award also highlights projects that achieve “Green and Sustainable” certificates such as Leed, Lotus, Green Mark, Green Star, EDGE.

Representatives of “Top 10 Developers in Vietnam” received the awards at the BCI Asia Awards 2022

Aiming to become the leading integrated Township in Vietnam by 2030, Nam Long has focused on developing a series of integrated townships in Ho Chi Minh City and neighboring provinces in the recent years, including the 26-ha Mizuki Park township in Binh Chanh, HCMC, the 165-ha Southgate part of the 355-ha Waterpoint Integrated Township project in Ben Luc, Long An; 8.5-ha Akari City project in Binh Tan, HCMC, the 170-ha Izumi City integrated in Bien Hoa Dong, Nai; the 43-ha Nam Long – Central Lake II township in Can Tho and the 45-ha Nam Long Dai Phuoc in Nhon Trach, Dong Nai, etc.

In 2021, despite the heavy impacts of the Covid-19 pandemic, amidst the overall difficulties of the domestic economy, especially the real estate industry, Nam Long still achieved remarkable results, reflecting in impressive numbers. Nam Long Group’s annual revenue in 2021 reached nearly VND 5,206 billion, 2.3 times higher than in 2020 and exceeding 5% of the plan. The Group’s gross profit was recorded at VND 1,778 billion, 2.7 times higher than 2020.

In the first 6 months of 2022, Nam Long’s pre-sales (booking in advance) is estimated at over VND 8,400 billion. It’s also worth noting that the Group has completed the procedures to prepare to receive a disbursement of VND 1,000 billion from the International Finance Corporation (IFC), a member of the World Bank.

With solid potential and plans to develop many integrated townships in the coming period, Nam Long Group promises to continue making contributions to the real estate market and Vietnam’s economy.

Source: Nam Long Group (HOSE:NLG)