April 24, 2026 - Nam Long ADC Company - the unit providing solutions to develop affordable housing product lines EHome and social housing EHomeS of Nam Long Group has just signed a Strategic Cooperation Agreement with Nishi-Nippon Railroad Group of Japan. This event promotes the development capacity of affordable housing product lines, affirming Nam Long's commitment to social security, and at the same time providing assurance of international standards in quality and project management.
According to the signed minutes, after completing the transaction, Nam Long will own 51% of shares and Nishi-Nippon Railroad will own 49% of shares of the joint venture company. Nishi-Nippon Railroad, in its role as a strategic shareholder, will actively participate in management and operation, taking advantage of strengths in design, operation and technology to optimize project efficiency and long-term value.
After officially cooperating, Nam Long ADC sets a target of expected 80% growth by 2030 and handing over more than 22,000 apartments by 2035. This roadmap aims to contribute to solving the problem of shortage of social housing and affordable housing supply in Vietnam, when current demand is up to 100,000 units/year but actual supply is still low. According to a report by the Ministry of Construction, in the first quarter of 2026, 4 projects were completed with a scale of less than 580 units.
Nishi-Nippon Railroad has more than 10 years of cooperation with Nam Long Group at the project level. Nishi-Nippon Railroad is one of the multi-industry corporations with a long history in Japan, with more than 100 years of operation in the fields of transportation, logistics, real estate and hotels, aiming to create a valuable living environment for the community, especially for first-time homebuyers or young families. On that basis, the cooperation of Nishi-Nippon Railroad this time at the Enterprise level affirms the trust and long-term companionship goals of the Japanese partner and Nam Long Group, and at the same time helps Nam Long ADC consolidate comprehensive capabilities:
● Strengthening capital and financial management: Nishi-Nippon Railroad provides unconditional funding. New capital will be prioritized for access and development of land funds in the near future.
● Improving quality standards: Nishi-Nippon Railroad transfers advanced construction methods and Japanese quality standards into upcoming products. Nishi-Nippon Railroad will also provide a team of experts to support Nam Long ADC in optimizing design, material selection and establishing professional quality control processes.
● Social security commitment: Cooperation is built on a common philosophy of sustainable development and creating a valuable living environment. Nam Long ADC and Nishi-Nippon Railroad both aim to help the majority of Vietnamese people, especially first-time homebuyers and young families access quality housing.
Mr. Chu Chee Kwang - Senior Director, Operations Management of Joint Venture Company, Partners & Alliance Group; Chairman of Nam Long ADC - said: "This strategic cooperation is an important milestone, reaffirming Nam Long Group's commitment to sustainable development of affordable housing product lines through Nam Long ADC. Nishi-Nippon Railroad's participation as a strategic shareholder not only supplements capital but more importantly transfers advanced Japanese management standards and construction technology, helping Nam Long ADC increase the quality and efficiency of EHome/EHomeS products, contributing to solving major social security needs in Vietnam.
Mr. Taro Koyama - representative of Nishi-Nippon Railroad Group - said: "Nam Long ADC's commitment to providing affordable housing is completely consistent with the core philosophy of Nishi-Nippon Railroad. The upgrade from project-level cooperation to business-level partnership shows our deep belief in Nam Long ADC's deployment capacity, and also allows us to contribute more actively to effective management and operation. Through this strategic step, we are even more confident in a sustainable and long-term companion journey to jointly build long-term values for the Vietnamese community.
