PROJECT

Projects

Summary of Investment Information

Project Number

32370

Company Name

NAM LONG INVESTMENT CORPORATION

Date SPI Disclosed

Feb 14, 2014

Country

Viet Nam

Region

East Asia and the Pacific

Projected Board Date

Dec 27, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Tourism, Retail and Property

Previous Events

Approved : Dec 30, 2013
Signed : Jan 23, 2014
Invested : Feb 4, 2014

Sector

Construction and Real Estate

Project Description

Established in 1992, Nam Long Investment Corporation (the “Company”), is one of the leading residential real estate developers in southern Vietnam. The Company operates two key lines of business: (i) affordable housing that targets low to mid income and first time home buyers and (ii) development of townships which comprises mid-high end apartments and townhouses.

The Company is seeking to raise up to VND 459 billion (approximately US$21.6 million) to finance the expansion of its affordable housing business which includes but not limited to the following developments: North Saigon EHome 4, Bridge View EHome 5, Golfview EHome 6, and Greenhill EHome 7 (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation