Recently, Vietnam's real estate stocks once again fell into the “darkest hour” after the bond market exploded. As of September 30, Vietnam's VN30 index fell 2.46% weekly, and many popular real estate stocks fell sharply to their lowest level since 2022. 2022 can be called the “saddest” year for Vietnam's real estate industry in nearly ten years — a large number of real estate agents defaulted on debt, the capital chain instantly broke down, and bankruptcy and liquidation took turns, leaving buyers with only a few thousand unfinished property projects. Now, Vietnam's real estate stocks have once again fallen to their low level since 2022. Does this indicate that the crisis is making a comeback? Recently, the reporter visited real estate and intermediaries in Hanoi and Ho Chi Minh City and found that Vietnam's real estate industry has once again returned to a similar historical scenario: credit contraction, tight liquidity, and a sharp rise in everything from loan interest rates to bond yields — this is a severe test of real estate removal and real estate companies' cash flow. However, unlike a few years ago, the industry has experienced a round of clean-up, and those who can stay at the table are all big players who are more fit; international industrial transfers continue, foreign investment is speeding up the deployment of Vietnam, and real estate purchases are expanding; the government has experienced the ups and downs of the collapse and is trying to control the rapid pace of expansion with administrative measures and monetary policy. Transaction volume, elimination cycle, second-hand housing prices... all kinds of data reflect that Vietnam's property market is cooling down this year.

Recently, Vietnam's real estate stocks once again fell into the “darkest hour” after the bond market exploded. As of September 30, Vietnam's VN30 index fell 2.46% weekly, and many popular real estate stocks fell sharply to their lowest level since 2022. 2022 can be called the “saddest” year for Vietnam's real estate industry in nearly ten years — a large number of real estate agents defaulted on debt, the capital chain instantly broke down, and bankruptcy and liquidation took turns, leaving buyers with only a few thousand unfinished property projects. Now, Vietnam's real estate stocks have once again fallen to their low level since 2022. Does this indicate that the crisis is making a comeback? Recently, the reporter visited real estate and intermediaries in Hanoi and Ho Chi Minh City and found that Vietnam's real estate industry has once again returned to a similar historical scenario: credit contraction, tight liquidity, and a sharp rise in everything from loan interest rates to bond yields — this is a severe test of real estate removal and real estate companies' cash flow. However, unlike a few years ago, the industry has experienced a round of clean-up, and those who can stay at the table are all big players who are more fit; international industrial transfers continue, foreign investment is speeding up the deployment of Vietnam, and real estate purchases are expanding; the government has experienced the ups and downs of the collapse and is trying to control the rapid pace of expansion with administrative measures and monetary policy. Transaction volume, elimination cycle, second-hand housing prices... all kinds of data reflect that Vietnam's property market is cooling down this year.