What does the company do?

Affordable housing developer with a focus on township development in Ho Chi Minh City. It is among the three largest housing developers in Vietnam.

Why do we like the investment?

For starters, we like the pent-up demand for affordable housing in Vietnam on the back of strong economic growth and constrained supply. This provides a structural tailwind for growth which Nam Long is well-placed to capture given their solid financial position, strong execution capabilities and attractive land bank. We also like the company’s openness to minority investors and strong governance credentials, with the added benefit of reputable partners from Singapore and Japan co-investing in their projects helping de-risk their pipeline and shorten their cash cycle.

In which year did we first invest?

2018

Where is their head office?

Ho Chi Minh City, Vietnam

What is their website?

http://namlongvn.com/

Risk warning
Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. Please refer to the relevant Key Information Document (KID) prior to making an investment decision. Please be aware of scams that can affect investors.