Under the agreement, Nam Long will hold a 51% stake in the joint venture, while Nishi-Nippon Railroad will own 49%. The Japanese partner is expected to participate in governance and management, contributing expertise in design, operations, and technical standards.
The deal marks a transition from project-level cooperation to a corporate-level partnership, following more than a decade of collaboration between the two sides.
Representatives from Nam Long ADC and Japan’s Nishi-Nippon Railroad at the signing ceremony on April 24. Photo courtesy of Nam Long ADC |
After the agreement, Nam Long ADC aims to accelerate expansion in response to a widening gap between housing supply and demand. Current demand is estimated at around 100,000 units per year, while supply remains limited. In the first quarter of 2026, only four projects with fewer than 580 units were completed, according to the Ministry of Construction.
Under the partnership, Nishi-Nippon Railroad is expected to support Nam Long ADC in capital mobilization, project development, and quality control. The company will also introduce Japanese construction standards and management practices, while deploying expert teams to assist in design optimization and material selection.
The cooperation is also expected to support land acquisition and the expansion of the project pipeline in the coming years.
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Chu Chee Kwang, Senior Director, JVs Operation, Partnership & Alliance of Nam Long Group and Chairman of Nam Long ADC, speaking at the event. Photo courtesy of Nam Long ADC |
Chu Chee Kwang, Senior Director, JVs Operation, Partnership & Alliance of Nam Long Group and Chairman of Nam Long ADC, said the partnership marks a milestone in the company’s development strategy.
“This strategic partnership marks a significant milestone, reaffirming Nam Long Group’s commitment to the sustainable development of affordable housing through Nam Long ADC,” he said.
According to Kwang, the participation of Nishi-Nippon Railroad as a strategic shareholder will not only provide additional capital but also facilitate the transfer of Japanese governance standards and advanced construction technologies.
“This will enable Nam Long ADC to enhance the quality and efficiency of our EHome and EHomeS products, contributing to addressing the pressing social housing and welfare needs in Vietnam,” he added.
On the partner side, Taro Koyama, CEO of Nishi-Nippon Railroad said the collaboration aligns with the company’s development philosophy.
“Nam Long ADC’s commitment to delivering affordable housing perfectly resonates with our core philosophy. The transition from project-based cooperation to a corporate-level partnership reflects our deep trust in their proven execution and allows us to contribute more actively to governance and operational excellence,” he said.
“This strategic evolution reinforces our strong confidence in a sustainable, long-term journey together to create lasting value for the Vietnamese community,” Koyama added.
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Taro Koyama, CEO of Nishi-Nippon Railroad, speaking at the event. Photo courtesy of Nam Long ADC |
Nishi-Nippon Railroad is part of Japan’s Nishitetsu Group, a multi-sector conglomerate operating in transportation, logistics, real estate, and hospitality.
Nam Long ADC is a member of Nam Long Group, focusing on affordable and social housing. The group has more than 30 years of experience in real estate development, with a land bank of over 681 hectares and a portfolio of integrated township projects across Vietnam.
The company is one of the five core business segments within the Nam Long ecosystem, playing a key role in developing affordable housing and social housing in Vietnam. To date, NLADC has delivered more than 10,000 affordable housing units (EHome) and social housing units (EHomeS) to the southern market, including Ho Chi Minh City, and Tay Ninh.
Of these, over 8,500 units have been delivered from five EHome projects, namely EHome 1 and EHome 2 in Phuoc Long Ward (Ho Chi Minh City), EHome 3 in An Lac Ward (Ho Chi Minh City), EHome 4 in Lai Thieu Ward (Ho Chi Minh City), and EHome Southgate in Ben Luc, Tay Ninh.
Entering a new phase of development with a solid foundation, a clear business model, and a sustainable growth strategy, in 2026 Nam Long ADC will continue to expand into northern markets, with a focus on projects in Hai Phong and Ha Long. See here for more information.
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