Nam Long Investment Corporation (“Nam Long”) is one of the leading privately owned real estate developers in Vietnam. The Company engages in property and land bank development in Ho Chi Minh City and other growing cities and provinces, such as Can Tho, Binh Duong, Long An, Vung Tau, Dong Nai and Danang, with a total land bank of over 550 hectares.

Run by a team of experts, Nam Long has a track record of successfully developing residential housing projects with a variety of products from villas to townhouses, luxury apartments to affordable housing, marketed under E-Home and Nam Long House brands. Its compound annual growth rate from 2007 to 2010 is 42% and the target 2011 net profit growth is 50%.

Investment thesis

Nam Long achieves rapid net profit growth by acquiring agricultural land at low valuations in well-conceived locations, converting the land into residential land with full site clearance and appropriate infrastructure, and effectively monetizing the value of that land. This may involve developing its own housing complexes, partnering with other developers to develop housing complexes, or in some cases selling the land to other developers.