Vietnamese developer to tap nascent suburban-style homes

It aims for a 10-fold rise in its market capitalisation to US$1b by 2020

[HO CHI MINH CITY] Nam Long Investment Corp, Vietnam's biggest affordable housing developer, plans to move to building satellite towns, which are taking hold as rising incomes in South-east Asia feed surging demand for suburban-style living.

Nam Long, which started trading a year ago on the Ho Chi Minh City Stock Exchange, is targeting a 10-fold increase in its market capitalisation to US$1 billion by 2020, by developing suburban-style communities on its blocks of land, including in the province of...

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