The members of the Board of Directors, Management Board, and relevant departments in Nam Long Investment are responsible for carrying out this decision.
Nam Long VCD is a subsidiary of Nam Long Investment Joint Stock Company, which holds 99.96% of its capital. It was established in 2011 to develop the new urban area of Vam Co Dong (commercially known as Waterpoint Urban Area) located in Ben Luc, the old Long An province (now in Tay Ninh).
The project has a total scale of 355 hectares with an investment of over VND 25,000 billion. Currently, the Waterpoint urban area project has completed over 1,200 EHome Southgate units and the Rivera, Aquaria, and Park Village subdivisions. As of mid-2025, more than 3,000 products have been handed over.
Nam Long VCD was established in 2011 to develop the Waterpoint urban area.
Earlier in 2018, Nam Long collaborated with Nishitetsu Group to develop the first phase of 165 hectares.
In 2022, Nam Long issued two bond offerings to the International Finance Corporation (IFC) with a total value of VND 1,000 billion to supplement capital for the second phase of the Waterpoint project, spanning 190 hectares. The bonds have a maximum term of 7 years with an interest rate of 9.35% – 12.94% per annum.
By October 2024, Nam Long had utilized nearly 12.9 million shares, equivalent to a 5.4% stake in Nam Long VCD, as additional security for the aforementioned bonds. With this adjustment, the proportion of shares in Nam Long VCD used as collateral for the bonds increased from 68% of charter capital to 73.5% of charter capital.
However, on December 25, 2024, Nam Long completed the early repurchase of the two aforementioned bond lots with codes NLGH2229001 and NLGH2229002.
In another development, Nam Long has announced the appointment of Mr. Nguyen Hoang Vinh Vien as Acting Director of Nam Long Commercial Property Co., Ltd., effective from September 1, 2025, to February 28, 2026.
At the same time, the company has relieved Ms. Nguyen Thanh Huong of her position as Director of Nam Long Commercial Property. Prior to this, Ms. Huong was appointed to this position on April 28, 2025.
Nam Long Commercial Property is a wholly-owned subsidiary of Nam Long.
“BWE Exits Subsidiary with a Whopping VND 166.4 Billion Gain”
Recently, BWE finalized the acquisition of a 52% stake in Construction and Electrical Installation Biwase. The deal was valued at VND 166.4 billion.
A New Major Shareholder for Nam Long as Keppel Land Exits
Keppel Land’s exit paved the way for a new major shareholder in Nam Long – the UK-based investment fund, Fiera Capital (UK) Limited.
EHome Southgate: Million-Dollar Homes, Urban Luxury at Your Doorstep
With a price of just 1 billion VND per 50 sq. m apartment, EHome Southgate residents can still enjoy a luxurious lifestyle with international-standard amenities. The completed internal facilities and the “all-in-one” utility system of the integrated Waterpoint township offer a convenient and comprehensive living experience.
