Business

Newly-established property businesses drop by over 53%

The number of newly-established real estate businesses stood at 3,066 in the first eight months of this year, a decline of 53.4% over the same period last year, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment.
Newly-established property businesses drop by over 53% ảnh 1The number of newly-established real estate businesses in the first eight months of this year declines by 53.4% over the same period last year. (Photo: VNA)

Hanoi (VNA) – The number of newly-establishedreal estate businesses stood at 3,066 in the first eight months of this year, adecline of 53.4% over the same period last year, according to the GeneralStatistics Office (GSO) under the Ministry of Planning and Investment.

Meanwhile, the number of dissolved property firms was 855,up 10.8% year-on-year.

A total of 1,721 realty businesses resumed operationsby the end of August, a year-on-year increase of 102%. However, the number ofnewly-established businesses in this field still decreased sharply.

Nguyen Tho Tuyen, chairman of the  BHSGroup, attributed the drop in new realty businesses to the fact that some realestate developers and brokers have had to operate idly or resort to temporaryclosure due to "stuck cash flows".

Up to 70% of brokers have switched professions, he continued.

A  study by the BHS R&D office on the real estate brokerageindustry in  Hanoi and Ho Chi Minh Cityshowed that the number of real estate trading floors that dissolved ortemporarily ceased operation reached nearly 50%.

Nguyen Van Dinh, chairman of the Vietnam Association of Realtors (VARS), said that up to 20% of trading floors face the risk ofdissolution or bankruptcy and 40% of trading floors are struggling to maintainoperations.

According to VARS, if the difficult situation in the real estatemarket doesn’t improve, the number of businesses at risk of bankruptcy willcontinue to increase./.

VNA
#real eastate businesses #General Statistics Office #Vietnam Plus #Vietnam News Agency #operations #developers #dissolution
Follow VietnamPlus

Related News

Lawmakers discuss property auction

Lawmakers discuss property auction

The status quo and measures to improve the efficiency of property auctions and judicial assessment were put onthe table during the ongoing 25th plenary session of the National Assembly (NA) Standing Committee on August 15.

See more

Using AI to search and process legal information (Photo: VNA)

Legal profession reshaped in age of artificial intelligence

In Ho Chi Minh City, digital transformation in the legal profession is not simply about introducing more technology into professional practice. It must also create ways of working that ensure technology serves people, while lawyers retain control and responsibility for the quality of legal services. This is particularly important in a metropolis with a large-scale economy and diverse legal needs.

Activities in Chan May Bay, part of the Chan May–Lang Co Economic Zone in Hue city. (Photo: VNA)

Hue steps up investment drive in Chan May–Lang Co Economic Zone

Covering more than 27,000ha, the Chan May–Lang Co Economic Zone is emerging as a key economic, urban, industrial and eco-tourism centre in southeastern Hue, with functional areas dedicated to seaports, industry, non-tariff activities, urban development and tourism.

The Ministry of National Defence's inter-agency inspection team visits La Gi Fish Port in Phuoc Hoi ward, Lam Dong province. (Photo: VNA)

Lam Dong's IUU fishing prevention efforts inspected

According to the Lam Dong provincial IUU Fishing Prevention Steering Committee, all 8,177 fishing vessels measuring at least 6 metres in length have been registered and updated in the national fisheries database VNFishbase.

A member of Minh Quang Cooperative in Hung Yen province works on a farm. (Photo: VNA)

Vietnam aims to link half of farm cooperatives with enterprises by 2030

The Ministry of Agriculture and Environment will promote links between cooperatives, enterprises, science and technology organisations and other economic entities along with carrying out programmes to develop concentrated agricultural, forestry and fisheries raw material areas and enhance value chain production.

The night-time economy is increasingly seen as an important avenue for Vietnam’s tourism sector to extend visitors’ stays (Photo: VNA)

Revitalising growth momentum for night-time economy

The night-time economy has moved beyond being merely an add-on service to become a new growth driver for tourism. Night-time activities can “awaken” familiar heritage spaces and breathe new life into them. Art, light and music experiences after dark can create distinctive attractions while meeting the desire of middle- and high-end visitors to explore cultural depth.

A livestream session promotes green-skinned pomelos grown in Cho Lach commune, Vinh Long province. (Photo: VNA)

E-commerce reshapes rules of game

Once fixed fees, payment fees, infrastructure charges and service packages are included, sellers may have to spend around 24.5-27.6% of their revenue on platforms. The figure shows that the era of easy selling and low costs in e-commerce has officially come to an end.

Ho Chi Minh City targets third-quarter growth of over 11% (Photo: VNA)

Ho Chi Minh City targets third-quarter growth of over 11%

Ho Chi Minh City will continue to implement drastic measures to achieve double-digit growth, targeting GRDP growth of at least 11.07% in the third quarter of 2026, 9.43% in the first nine months and 12.3% in the fourth quarter, with a view to completing the full-year goal of 10% or more.

MM Mega Market An Phu supermarket in Ho Chi Minh City is brightly decorated for the National Day holiday. (Photo: VNA)

Domestic consumption up over 13%, tourism continues strong growth

The total retail sales of goods and consumer service revenues in August were estimated at 679.8 trillion VND (26 billion USD), up 1.6% from the previous month and 14.9% year-on-year. In the January-August period, the figure reached 5.24 quadrillion VND, representing a 13.3% increase year-on-year.

A production line of Onaga Co., Ltd. (Japan) at HANSSIP (Photo: nhandan.vn)

Hanoi moves to maintain appeal to FDI inflows

In the first eight months of 2026, the capital city attracted more than 3.7 billion USD in FDI, equivalent to 83% of the plan set for the year. Newly registered FDI exceeded 572 million USD across 450 projects, up 175.78% in project numbers and 209.46% in capital compared to the same period last year. Additional registered capital topped 492 million USD, while capital contributions and share purchases exceeded 2.6 billion USD.

Saigon Marina IFC is the first private-sector project contributing to realising the goal of developing the Vietnam International Financial Centre in Ho Chi Minh City. (Photo: VNA)

VIFC offers various opportunities to attract forein investment

Turning the VIFC into an effective channel for international capital will require clear rules, quality projects and strong connections between investors and domestic businesses. Meeting these requirements will be key to transforming investor interest into concrete capital flows and investment projects in Vietnam.

Production line at Yadea Vietnam’s smart manufacturing plant, which has an investment of more than 100 million USD, in Tan Hung Industrial Park, Bac Ninh province. (Photo: VNA)

Development model for new era – An inevitable trend

International organisations broadly agree that shifting the growth model from reliance on traditional factors toward technology and innovation is no longer an option for Vietnam, but an imperative of the times.