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  The Vietnam economy forecast based on the actual information from manufacturing industries, and other reputable companies and other government agencies, is still yet to recover. The real estate is experiencing a lot of hardship and problems, may home owners are unable to rent out their houses and apartments to customers because customers cannot pay due to most company workers were laid off by their companies. The house owners are also experiencing problems mostly the houses and properties that are under loan with the bank, because of the economy hard hit, they don’t have avenues to raise funds and pay back bank loans interest fees, The companies on the other hand is also having issues with production, because all orders reduced due to ongoing war between Ukraine-Russia, companies are unable to retain their workers, may fire and lots laid off temporary. Many workers lost their jobs, company’s shutdown causing more hardship to the economy, and contributing to more poverty r...

Occupancy rates for serviced small apartments for rent in HCMC stand at 90-95%, larger ones of 90-110 sqm have been left vacant. Owner of apartment project said occupancy for small apartments had been at 90% since the fourth quarter last year. But he added that while 100% of his one-bedroom apartments were occupied, most of his two- or three-bedroom apartments were vacant. He noted that his smaller apartments often supplied "better living space and more utilities" than larger ones. If keep the big apartments, I will face the risk of making losses in the low season," he said. "So, the best thing to do is to increase the number of small apartments." The owner of a serviced apartment project on Cuu Long Street, Tan Binh District, said apartment occupancy rates were 90-95%, while occupancy rates for small apartments were only 80%. Savills’ latest serviced apartment report said that in HCMC, one- and two-bedroom apartments are popular due to their moderate rents. Th...