AsemconnectVietnam - On the morning of March 5, 2025, Nam Long Investment Joint Stock Company (code NLG) and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank - code CTG) signed a strategic cooperation agreement, aiming to best exploit the advantages of each party in business and provide outstanding real estate ownership solutions for home buyers.

Accordingly, VietinBank will be a strategic partner accompanying Nam Long in the process of developing projects; supporting financial solutions, financing projects, providing guarantees for contractors of Nam Long's project development; consulting and supporting retail services from investment to distribution, cash flow management of each project; closely connecting with agents to provide preferential financial services to Nam Long's customers; consulting on financial solutions for each stage to long-term development plans in the future.
VietinBank and Nam Long will also use each other's systems to promote their brands, create sustainable values for each business, and contribute to the common development and prosperity of the community and society.
Speaking at the signing ceremony, Mr. Lucas Loh, General Director of Nam Long Group, said: “The signing of a strategic cooperation agreement with VietinBank will bring many opportunities for Nam Long to develop more integrated urban areas and key projects in the future, especially in the context of the real estate market entering a new cycle with many positive changes. Based on trust and common values, we believe that this cooperation will create an important premise for us to develop together, create common values, support home buyers better and better, and contribute to improving the quality of life of Vietnamese people as the mission of each business”.
On VietinBank's side, Mr. Pham Quoc Long, Director of the Southern Customer Center shared: “VietinBank highly appreciates the potential and quality of real estate projects developed by Nam Long, especially large-scale urban areas with a level of investment in infrastructure and facilities, serving the needs of population dispersion to create a sustainable market in the future. In the past 3 years, VietinBank has participated comprehensively in providing retail products for individual customers buying real estate developed by Nam Long, VietinBank has financed up to 80% of the capital needs for home buyers at projects implemented by Nam Long such as Akari City, Mizuki Park, Izumi City, Waterpoint. This is the basis and premise for signing a comprehensive strategic cooperation agreement between Nam Long and VietinBank. VietinBank is committed to providing finance from input for corporate customers to implement projects to output products for individual customers (KHCN) to buy houses for projects under development by Nam Long. In addition, with a foundation of more than 8 million customers using digital platforms and more than 20,000 VietinBank employees, we will design products and services specifically for customers and VietinBank employees buying real estate from Nam Long and dedicate specialized resources to implement this cooperation program".
It is known that this year Nam Long will continue to promote the implementation of large urban areas such as Waterpoint phase 1 (165 ha - Long An), Nam Long - Dai Phuoc (45 ha - Dong Nai), Izumi City (170 ha - Dong Nai), Nam Long - Can Tho (43 ha), with more than 2,000 products...
Based on the brand reputation over more than 33 years of urban development in Vietnam, Nam Long has always received support from many large banks. In the coming time, in addition to long-term partner VietinBank, Nam Long will continue to strengthen strategic and comprehensive cooperation with banks, deploy a series of superior financial solutions, and support home buyers.
N.Nga
Source: VITIC/Tinnhanhchungkhoan