At the recent seminar “Unblocking Institutional Bottlenecks – Unleashing Private Sector Resources,” Ms. Nguyen Thanh Huong, Investment Director of Nam Long Group, shared that since the issuance of Resolution 68, the private business community has been energized and their confidence bolstered.
“We eagerly anticipate the swift implementation of this policy. Once the resources are unlocked, participating in large-scale projects, such as transportation-oriented development (TOD), will become more feasible,” Ms. Huong added.
In the past, she noted, real estate businesses often faced lengthy investment preparation processes, sometimes lasting years, just to navigate the legal complexities. With the new institutional framework, she hopes to see a significant reduction in these timelines, enabling businesses to operate more efficiently.
Ms. Huong also commended one of the proposed key policies: establishing a level playing field for private enterprises to access critical resources such as land and capital. “For real estate companies, land is a pivotal factor. Opening up fair competition will enable the private sector to access these resources. We look forward to the swift institutionalization of these key policies so that real estate businesses can gain access to land,” she emphasized.
Speaking to the media earlier about their land fund strategy, Ms. Huong shared that Nam Long currently possesses nearly 700 hectares of land, primarily in Ho Chi Minh City and its satellite cities. The company makes it an annual objective to expand its land bank.
Nam Long’s Investment Director highlighted that, in light of the new regulations stemming from the three laws that will take effect in August 2024, businesses can employ diverse approaches to access land. These include acquiring existing projects, participating in land-use conversion for specific projects, mergers and acquisitions, and bidding processes.
In addition to land expansion, Nam Long recently announced its plans to venture into the Northern market with its first EHome project.
Design of the EHome project to be developed by Nam Long ADC as part of their Northern expansion strategy.
EHome is a vital component of Nam Long Group’s integrated product ecosystem, which also encompasses the standalone mid-to-high-end Flora apartments, Valora villas/townhouses, and the soon-to-be-launched premium The Legacy Collection.
For 2025, Nam Long aims for a net revenue of VND 6,794 billion, after-tax profit of VND 799 billion, and a net profit for the parent company of VND 701 billion, reflecting a 35% increase compared to the previous year. The company forecasts a sales volume (Presales) of VND 14,645 billion, a 2.8-fold increase over 2024.
The business strategy focuses on accelerating sales and deliveries at existing projects such as Akari City, Waterpoint, Izumi City, EHomeS Can Tho, EHome Southgate, and Nam Long II Central Lake.
Simultaneously, the company intends to introduce over 2,000 new products in key subdivisions while continuing to explore and expand its presence in potential markets.
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Dr. Tran Dinh Thien: We Need More Private Sector Representatives and Scientists in the National Assembly
“Renowned economist Dr. Tran Dinh Thien proposes an increase in the number of private entrepreneurs and scientists among the National Assembly delegates. His vision involves a more inclusive law-making process, ensuring that a diverse range of expertise contributes to the country’s legislative framework.”
Mr. Hoang Nam Tien: 93% of Vietnamese Startups Fail in Their First Two Years; Hopes Resolution 68 Will Turn the Tide
“If vigorously enforced, Resolution 68 could be a pivotal turning point in significantly reducing the failure rate of Vietnamese startups in the coming years,” asserts Mr. Hoang Nam Tien. This statement underscores the potential impact of decisive action on fostering a thriving entrepreneurial landscape in Vietnam.
A Yen Bai Province District Prepares to Reclaim Land from Over 1,600 Households for a Key Project Connecting Lao Cai and Hai Phong
The proposed Lao Cai – Hanoi – Hai Phong railway project is an ambitious undertaking that will significantly impact the lives of residents in Van Yen district, Yen Bai province. With an estimated land acquisition of 411 hectares, approximately 1,645 households will be affected by this development. This large-scale project promises to bring about transformative changes to the region’s transportation landscape, connecting communities and fostering economic growth.
Breakthrough Institutional Reforms and Meaningful Actions: Unlocking Private Sector Growth
On May 27, an insightful discussion forum titled “Unblocking Institutional Bottlenecks – Unleashing Private Sector Resources” was held to reflect on policies, address challenges, and forge meaningful actions pertaining to Resolution 68.
