This marks the ninth time Nam Long Group (HSX: NLG) has been recognised in this way, affirming the company’s position and sustainable development in the market.

Van Viet Son, managing director of Nam Long Land, Nam Long Group receiving the award

Nam Long Group has consistently strived to maintain and develop high-quality projects to meet the growing market demand. By the end of the first half of this year, Nam Long recorded pre-sales revenue of VND2.68 trillion ($111.5 million) and net revenue of VND457 billion ($19 million).

For the remaining months of the year, in addition to handing over the second phase of the Akari City project and the component projects of Waterpoint on schedule, Nam Long will continue to focus on developing projects and subprojects within integrated townships, including the 26-hectare Mizuki Park (Binh Chanh district), the 165-hectare phase 1 of Waterpoint (Ben Luc, Long An province), and the 43-hectare Nam Long Central Lake (Can Tho city).

"This recognition affirms our strategic approach in developing projects that align with the real needs of the market, enabling us to overcome recent challenges and recover more quickly alongside Vietnam’s post-Covid economy. We will continue to formulate sustainable development strategies to ensure growth and share our positive outcomes with shareholders, customers, and the community," said Lucas Loh, CEO of Nam Long Group.

This year's list of Forbes Vietnam's Top 50 Best Listed Companies includes seven real estate enterprises.

Among them, Nam Long is one of two developers honoured in the residential real estate sector, alongside Khang Dien. The other companies recognised are Kinh Bac, IDICO, VRG, Sonadezi Chau Duc (industrial real estate), and Vincom Retail (commercial real estate).

The Vietnamese housing market has been gradually warming up in 2024 and according to the Ministry of Construction, real estate transactions saw an on-year increase of 20 per cent in the first half of the year, indicating that investor and consumer confidence is gradually returning.