Nam Long Corporation (NLG) recorded a revenue of 3.94 trillion VND in the first 9 months, a 376% increase year-on-year, with real estate transfer revenues reaching 3.768 trillion VND, up 455%. Net profit surged to 621 billion VND, nearly 7 times compared to last year. KB Vietnam Securities predicts NLG’s sales in 2025 will increase by 47% to 7.675 trillion VND, driven by major projects like South Gate, Mizuki Park, and Izumi City. The trend of shifting to suburban areas and infrastructure development, especially the Long Thanh airport in Dong Nai, is expected to boost the real estate market in this region. Infrastructure development and satellite urban planning will facilitate market growth, resulting in increased interest in real estate in adjacent provinces.
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