People can search for realty products of Cenhomes online (Photo courtesy of Cenhomes)
Hanoi (VNS/VNA) - ﷽Cutting costs andrestructuring products are what many real estate firms are doing to deal withdifficulties caused by COVID-19.
According to the VietnamAssociation of Realtors (VAR), the pandemic has caused many difficultiesfor the property market. Its preliminary statistics show that since thebeginning of 2020, there have been no projects launched and over 50 per cent ofthe 1,000 real estate trading floors nationwide have shut down. A VAR representative said many realty firms have developed technology to change salesmethods to attract customers during the social distancing period. Instead of meeting customersdirectly, they have launched sales through online platforms or apps. Forexample, Sunshine Group’s customers can find information on the project, closetransactions, transfer money and participate in a lucky draw via itsSunshineApp, available on both Android and iOS. “All things customers do at a traditional real estate sale event; theycan do on the app,” a representative of the firm said. Hai Phat Land also told itssalespeople to stop contacting customers but provide them with onlineconsulting. Dealing with the pandemic, the firm decided to focus on citieswhere real demand for real estate was recorded instead of other localities. Another realty firm, Dat XanhMien Bac, cut all unnecessary expenses and reduced the number of branches todeal with difficulties. The firm's general director Vu Cuong Quyet said: “Since the beginning of the year, we have cut 70percent of expenses. For example, we have cut down on marketing and advertisingexpenses. We also stopped running branches in ineffective locations to focus onsome key locations.” Also changing their businessstrategy to deal with the pandemic, Dai Phuc Land decided to concentrate ongreen real estate projects. According to the firm, customers areincreasingly demanding green spaces which were environmentally-friendly andenergy efficient. The firm’s representativesaid: “We will focus on building what the customers really want, so when thepandemic is over, they will come to us”./.
The Vietnamese resort realty market will continue to retain its appeal to both domestic and foreign investors thanks to its good return of investment as well as the tourism boom in the country, according to the Vietnam Association of Realtors.
More than 300 real estate brokerage exchanges, or one third of these firms in Vietnam, have closed recently due to low supply and the impact of the COVID-19 epidemic.
The novel coronavirus SARS-CoV-2-caused acute respiratory disease (COVID -19) pandemic has cost many real estate firms trillions of VND from their market capitalisation value.
The domestic real estate market in the first quarter had the lowest transaction volume in the past four years due to the impact of the COVID-19 pandemic, the Vietnam Association of Real Estate Brokers (VARS) said.
Real estate business and housing construction in Ho Chi Minh City have been hit hard by the COVID-19 pandemic, with significant decreases recorded in supply and demand, according to market watchers.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
People can search for realty products of Cenhomes online (Photo courtesy of Cenhomes) 
