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Nam Long Investment Corporation (NLG: HOSE) held its 2026 annual general meeting of shareholders on April 25. For 2025, Nam Long Group reported revenue of 11,855 billion VND, the highest in the group’s more than 30-year history. Consolidated revenue reached 5,645 billion VND, while net profit attributable to the parent company was 701 billion VND, meeting 100% of the plan. On capital structure, debt remained at a “safe” level of 5,522 billion VND, representing 37% of total capital, down 21% from 2024.
The company said 2025 reflected strategic progress across its core business areas, including Nam Long Capital (investment and asset management), urban development and housing under Nam Long Land, commercial real estate under Nam Long Commercial Property, affordable housing under Nam Long ADC, and construction under Nam Khang Construction.
At the meeting, Mr. Nguyen Xuan Quang, Chairman of Nam Long Group, said growth was driven by a correct strategy and a disciplined approach in a market marked by challenges and volatility. He attributed the 2025 results to the synchronized operation of the group’s core subsidiaries.
Nam Long said it expects the 2026 real estate market to enter a new growth cycle, with a cautious and sustainable trajectory. The group’s 2026 focus is “Maintain momentum — advance steadily,” emphasizing execution, strengthening the foundation, and optimizing operational efficiency with higher discipline and standards.
Mr. Quang also noted that Vietnam’s macroeconomic environment remains positive, infrastructure investment is strong, urbanization is accelerating, and demand for sustainable housing continues to grow.
For 2026, Nam Long set targets including:
To achieve these goals, Nam Long said it will execute flagship projects, concentrate resources to accelerate progress and unlock supply in existing integrated townships, and meet real market demand. The group also plans to optimize its financial base, maintain strict financial discipline, and strengthen relationships with strategic partners to ensure sufficient capital for land-bank development and selective M&A. Nam Long added that it intends to elevate its ecosystem—shifting from a standalone housing developer to an integrated township developer—while focusing on placemaking to increase asset value for residents and investors.
Nam Long said it will restructure its board for the 2026–2031 term. The company stated that the new leadership will combine deep local experience with international governance thinking to strengthen governance during the development cycle. Founders and experts familiar with the Vietnamese market will continue to play guiding roles to ensure stability and continuity of the group’s core values.
The company also highlighted the participation of new players from major international institutions and finance, as well as urban development experts from the US, UK, Singapore, and Malaysia, saying this brings global-standard governance. Nam Long said this will support access to foreign capital, adoption of modern operating models, and improved transparency in line with international practices.
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